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Originally Posted by dogzilla
So how much should have been spent on Obama's giveaways? $5 trillion? $10 trillion? Just how much of a kick in the ass does the taxpayer have to take by way of increased inflation or higher taxes to pay off Obama's debt to satisfy Obama's fantasy of stimulating the economy.
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I can't answer that question, the question of a fixed sum of money. And it's the taxpayer who's been kicking themselves in the asses this whole time. The government didn't cause the economic crisis. It could be argued that a lack of government allowed it to happen. But I don't have much else to say about this because you seem to think that spending doesn't stimulate economies.
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That's the problem with this stimulus nonsense. First you spend $1 trillion and it doesn't work. Then people start clamoring for even more spending because the first try didn't work. Then even more because the second attempt didn't work. Pretty soon you have pretty serious money thrown down a rathole and no ability to ever recover from it short of national bankruptcy.
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Most stimulus spending takes a while to work its way through. In addition, the net effect could be more about lessening of the steep dips of downturns in the business cycle than being responsible for a recovery. I think the stimulus is more about getting the ball rolling, not "fixing things," especially considering stimulus spending is a temporary measure.
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Originally Posted by dksuddeth
capitalism was it's purest form in 1789. It was only when that government started controlling the economy did capitalism start to fail
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This is funny, for a couple of reasons:
- You say that American capitalism started to fail even before the vast majority of the capitalist-driven economic expansion---more than the world has ever seen.
- You seem to think that American capitalism was negatively affected by the government controlling the economy, and yet you failed to mention anything about the people. It's people who are responsible for corruption under capitalism, not the government. The government and the people who influenced it should be praised for developing the American economy into something more bearable than the disaster-waiting-to-happen under lassez-faire.