Of course it did not work. The Governor used that money to plug their holes in their States budget and not to creat jobs as it was inteded to do...But of course that is Obama fault.
Why The Monetary Stimulus Didn't Work
- Thread starter Hot Mega
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Part of the issue is that the Feds tried to put in measures to make sure the $$ were not being ****** and as a consequence it took longer for the money to actually be deployed in some cases.
Rey C.
Racing is life... anything else is just waiting.
I recall that you mentioned that your *** had an Economics degree. Is that right? The topic of this thread is about the monetary stimulus. So you should ask your *** what connection the Executive branch has to monetary policy. And by the way, Bernanke is a Republican... as is Greenspan.
Probably a good idea to see how the economist feels about collecting socialist so-so security too.
No sir Your basic understanding of how the economy or the financial system works is wrong. You seem to think that when money is borrowed the basic pie of the economy grows and we have "NEW" capital being pumped into the economy. However, that is utterly flawed and shows a lack of basic understanding regarding the economy system. If what you suggest was true, then the economies of places like zimbabwe, Greece, Spain, Portugal would be experiencing the biggest booms. However, anyone who has the very basic understanding of these nations finances knows, that they are not booming and have not been booming for years. Even after so much borrowed capital has been pumped into these economies.
You seem to think that aslong as money is not coming out through taxes, its new money. However, a number of factors you dont seem to understand are that capital is a limited resource like anything else. The capital that is financed today , limits growth because that is capital that will be taken out at a future date. You also seem to forget the importance of the value of what 1$ buys. A massive increase in capital at the end of the day devalues what 1$ can buy. Now if 1$ buys bread and tomorrow 2$ buys the same amount of bread, that is a negative (which we are seeing in commodities and energy prices). Lastly what you fail to understand is that borrowed money is still borrowed against somethng (generally securities). That is still capital that is being taking from certain sectors and invested in other sectors.
You sir need to learn the basic before you start speaking.
Probably a good idea to see how the economist feels about collecting socialist so-so security too.
What of it?
He spent 30 years trying to convince Yugo socialists the merits of a free market economy. Only a handful listened. The rest ended up with staggering inflation and an eventual civil war.
I never said it's 'new' money. If business x has outstanding loans from bank y and bank y extends business x more capital to expand for the benefit some future roi...of course no one believes that's 'new' money. But it is money nonetheless and able to be invested so that business x can be more profitable. When business x becomes more profitable that's where the new money comes from. Enough of it to make good on all the outstanding loans and bank y enjoys profits too.
Despite trying to sound sensible you're talking a theory not applicable to the situation. You first suggested in your analogy that business benefiting from stimulus capital are not really benefiting because they are getting $2 back out of $5 they're sending. Of course you couldn't explain that analogy in practice now because you realize now that is not the case. I suppose you've abandoned that now (although you will still comeback claiming that you didn't in declaration only with no substance to back it up) because the example you give now does not reflect that at all as you're now talking about it coming out of our hides in the future...:dunno: No one argued that it wasn't. In fact, I believe I made the case that it was. But no different from any situation where the can is kicked down the road...it's not at all coming out of some contractors hide now.
:1orglaugh So someone spends 30 years arguing the evils of socialism to Yugo socialist ends up on social security.
Hollywood!!!!!!!! (You couldn't make this stuff up in Hollywood even if you Tried.:o)
Your a waste of time.
It's 'you're' (in your above phrase attempt).:2 cents:
But as long as we're talking your yore, you're welcomed to waste it.:dunno:
when you want to implement social security and free healthcare during an economical crisis like this one, it just shows the stupidity of Obama. Also the fact that China is USA's biggest creditor is also another not encouraging sign. At last but not least, the US has not the same amount of gold that it had back in the day. Your country is screwed by a very bad financial manager who not only has made your country more poor but who also made it also culturally and socially ruined.
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^^What does that have to do with the stimulus?
Nobama Otrauma was supposed to create jobs and bringing back wealth in the US, not only the unemployment rate didn't decrease but it remained stable approaching the 9.2% and the economical growth was really low, so the so called stimulus was useless. When you have a president who is a poor financial manager, you have disastrous over the long run results.
Everything Obobo has done has been a failure. All of his Harvard Keynesian advisers and their Bizarro World economics have fed the fires.
Meg Social Security does not translate to an entire economic system based on Socialism/Communism such as those that existed in East Europe during the Cold War.
I get such a kick out of the well to do "socialists" like Meg who espouse Keynesian garbage that's been proven in both theoretical and real world environments to be abject failures. Nice job Meg.
Meg Social Security does not translate to an entire economic system based on Socialism/Communism such as those that existed in East Europe during the Cold War.
I get such a kick out of the well to do "socialists" like Meg who espouse Keynesian garbage that's been proven in both theoretical and real world environments to be abject failures. Nice job Meg.
Rey C.
Racing is life... anything else is just waiting.
It's Obama's fault that the monetary stimulus hasn't worked?
So:
It's A-Rod's fault that the Yankees didn't win the Super Bowl.
It's Jeff Gordon's fault that Ferrari isn't winning the F1 World Constructors' Championship.
It's Bill Gates' fault that Toyota has slipped in the J.D. Power quality survey.
No offense, but it's hard to criticize someone (and be taken seriously) when you don't even know what they do... or don't do.
But at least I'm beginning to understand why people like Michele Bachmann and Sarah P@lin are so popular among members of the far right: you don't even have to have the first clue about what you're talking about to be popular.
And just to let the cat out of the bag, Ben Bernanke ("who?!") is a Republican and a Monetarist... as was Greenspan. Youse guys, I swear.
So:
It's A-Rod's fault that the Yankees didn't win the Super Bowl.
It's Jeff Gordon's fault that Ferrari isn't winning the F1 World Constructors' Championship.
It's Bill Gates' fault that Toyota has slipped in the J.D. Power quality survey.
No offense, but it's hard to criticize someone (and be taken seriously) when you don't even know what they do... or don't do.
But at least I'm beginning to understand why people like Michele Bachmann and Sarah P@lin are so popular among members of the far right: you don't even have to have the first clue about what you're talking about to be popular.
And just to let the cat out of the bag, Ben Bernanke ("who?!") is a Republican and a Monetarist... as was Greenspan. Youse guys, I swear.
He successfully got OBL.
Really? Why is unemployment performing better than at the same point in Reagan's 1st term then when O inherited far worse??
Where and how is that the case in our country?
If that was the case the u/e rate would be above 20 pct. and we'd be in the midst of a depression.
As it stands, in spite of high gas prices (the real pressure on economic expansion) the auto manufacturers have rebounded, many, many, many business sectors are profitable, etc. They just need to stop hoarding.
I get such a kick out of some spinmeister wordsmith claiming one egghead group of theorists has proven another egghead group of theorists wrong.
'dents 1.:hatsoff:He successfully got OBL.
Really? Why is unemployment performing better than at the same point in Reagan's 1st term then when O inherited far worse??
Where and how is that the case in our country?
If that was the case the u/e rate would be above 20 pct. and we'd be in the midst of a depression.
As it stands, in spite of high gas prices (the real pressure on economic expansion) the auto manufacturers have rebounded, many, many, many business sectors are profitable, etc. They just need to stop hoarding.
I get such a kick out of some spinmeister wordsmith claiming one egghead group of theorists has proven another egghead group of theorists wrong.
Everything is in the tank............and Meg can still see the silver lining in an otherwise forgettable Presidency.:clap:
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