When will stimulus opponents finally admit they were wrong?

[dugforeva]

short term vs. long term. This stimulus will fuck shit up in the long term. In the short term it has worked out so far.

If we didn't bail out all these assholes things would have been shitty in the short term, but in hte long term the economy would be a lot healthier.

[Ham_Roll]

Originally Posted by Leviathan

Yeah, its that simple! We just shoot some money in and BAM! Everything is fixed! haha, I'm surprised I didn't see it before! Infrastructure and what have you! Global market returns and maximizing profits, clearly you are a very well informed economist.

In a whole it is easy to understand spending on infrustructure, reseasrch and development, education etc now creates job.
In the future when global markets return the infrustructure, skilled personal etc would have been boosted by the stimulus therefor leaving a better platform for the economy to produce.

Can you understand that? Ofcourse its not that simple but the logic is easy to understand.

[Leviathan]

Originally Posted by Ham_Roll

In a whole it is easy to understand spending on infrustructure, reseasrch and development, education etc now creates job.
In the future when global markets return the infrustructure, skilled personal etc would have been boosted by the stimulus therefor leaving a better platform for the economy to produce.

Can you understand that? Ofcourse its not that simple but the logic is easy to understand.

Have you been reading the news about the very limited job creation the stimulus is doing? Do you know where and how the stimulus money has been spent? In a completely perfect world, where all the stimulus money was used effectively and in the right areas, it would probably work. But it remains to be seen if this stimulus package has a postive effect.

[Gandhi]

Lev pwns thread with common sense

[Ham_Roll]

Originally Posted by Leviathan

Have you been reading the news about the very limited job creation the stimulus is doing? Do you know where and how the stimulus money has been spent? In a completely perfect world, where all the stimulus money was used effectively and in the right areas, it would probably work. But it remains to be seen if this stimulus package has a postive effect.

I have never said the US stimulus package has been spent correctly as at this time the package has not been fully rolled out.
I have just tried to show you and especially Conan( who is a retard anyway) that stimulus is a good project to help with the crash and other countries have already had big benefits from their stimulus packages.
If money is pumped into productive schemes im sure the stimulus will work, however that has yet to be seen. But also one must realise that all works including signs and bridges etc do create jobs( and yes Union workers deserve employment), but the spending has to be geared towards building a stronger infrustructure for the future to maximise profits.

[redjako]

Originally Posted by Octavian

Part of their argument hinges upon employment numbers, which of course tend to lag the economy 6 to 12 months. More importantly, they lay their hat on the political rhetoric of job creation. The stimulus was more about sustaining job levels and preventing disinflation from turning into crushing deflation.

Agreed. The fact is "things would have been worse" holds true, its still just really, really bad.

[fighterforlife]

Originally Posted by Giygas_84

Speaking of China, what will become of the stimulus plan if they stop buying our debt?

The paper they already own becomes worthless. We got them over a barrel.

[Dizzle]

Originally Posted by Ham_Roll

bahaha your such a fool.
You claim that any body that works from governement scheme project is a thug and do not understand that the stimulus for those projects helps business and employment.

Your the fool, trillions of dollars of our citizens labor hours has been wasted, by Obama's standards the stimulus failed

Originally Posted by Ham_Roll

The private sector is fucked at the moment and has fallen in a heap and needs the government to prop the system until it recovers. No one is taking away the private sector they are propping it up so in the long run it will be stronger and more resilient.

Government spending has never worked to improve the US economy, JFK and Reagan both bet on the private sector and improved the economy. Obama's government is the biggest employer in this country (at the expense of the private sector) and you want more government to fix shit

Your a fool, unless your a Acorn voter

[Leviathan]

Originally Posted by Ham_Roll

I have never said the US stimulus package has been spent correctly as at this time the package has not been fully rolled out.
I have just tried to show you and especially Conan( who is a retard anyway) that stimulus is a good project to help with the crash and other countries have already had big benefits from their stimulus packages.
If money is pumped into productive schemes im sure the stimulus will work, however that has yet to be seen. But also one must realise that all works including signs and bridges etc do create jobs( and yes Union workers deserve employment), but the spending has to be geared towards building a stronger infrustructure for the future to maximise profits.

This seems a little more reasonable to me. My whole point was that the stimulus has done a minimum of help so far, and we don't know what it will do in the long run. I was disagreeing with the idea that it somehow pulled us out of an economic morass and now everything was ok. The bolded part is the real key.

The other thing is that the phrase "building a stronger infrastructure for the future to maximize profits" makes no sense at all.

[Conan Memories]

I have just tried to show you and especially Conan( who is a retard anyway) that stimulus is a good project to help with the crash and other countries have already had big benefits from their stimulus packages.

I could cite example after example where other countries attempted stimulus packages and it only prolonged their misery for years. Japan is only one example.

This seems a little more reasonable to me. My whole point was that the stimulus has done a minimum of help so far, and we don't know what it will do in the long run. I was disagreeing with the idea that it somehow pulled us out of an economic morass and now everything was ok. The bolded part is the real key.

That's not the way the stimulus was sold. The Obama administration projected unemployment wouldn't go above 8%. They predicted it would create 3 million jobs. We've lost 6 million. The entire idea of the stimulus was immediate aid to a hurting economy, not long term infrastructure. It was supposed to provide shovel ready jobs immediately. I'm going by the standards Obama set. You can't say "Well we really don't know the long term benefit yet..." when that isn't what the stimulus was based on.