Thread: Stimulus vs.Bush tax cuts.
07-28-2010, 04:09 PM
Jesus christ you are really retarded! Did you go to special ed and ride the short bus! OMFG, I'm actually talking to real live retard on the internet! That's amazing! Now I know why everyone just points and laughs and makes fun you with ridiculous pics. Wow, and I got called an idiot by a retard as well! That's priceless.
I study economics every day and am working towards a degree in the field. I know exactly what the fuck I'm talking about. You are a clueless retard idiot who doesn't understand English, math, economics or simple logic.
Why don't you go find that Austrian Economist who agrees with Obamanomics now, mkay? Oh, and why didn't you answer my questions about the status of your mental health?
Last edited by malloc; 07-28-2010 at 04:11 PM."In England a king hath little more to do than to make war and give away places; which in plain terms, is to impoverish the nation and set it together by the ears. A pretty business indeed for a man to be allowed eight hundred thousand sterling a year for, and worshipped into the bargain! Of more worth is one honest man to society and in the sight of God, than all the crowned ruffians that ever lived."
—Thomas Paine, Common Sense
07-28-2010, 04:43 PM
Satanicus, do you even read your own links?
Here is the report in question linked from the blog: http://www.cbo.gov/ftpdocs/110xx/doc...02-23-ARRA.pdf
What does the title say? Estimated Impact of the American Recovery and Reinvestment Act on Employment and Economic Output From October 2009 Through December 2009
Yes, estimated, as in, we guessed. Rather than quote old predictions, you need to look at the historical data, which will show you we ended up with a net loss of jobs.
On page 9 it says this:
Recipients reported that ARRA funded nearly 600,000 full-time-equivalent (FTE) jobs during the fourth quarter of 2009. (2) Such reports, however, do not provide a comprehensive estimate of the law’s impact on employment in the United States. That impact may be higher or lower than the reported number for several reasons (in addition to any issues about the quality of the data in the reports). (3) First, some of the reported jobs might have existed in the absence of the stimulus package, with employees working on the same activities or other activities. Second, the reports filed by recipients measure only the jobs created by employers who received ARRA funding directly or by their immediate subcontractors (so-called primary and secondary recipients), not by lower-level subcontractors. Third, the reports do not attempt to measure the number of jobs that may have been created or retained indirectly as greater income for recipients and their employees boosted demand for products and services. Fourth, the recipients’ reports cover only certain appropriations made in ARRA, which encompass about one-fifth of the total
amount spent by the government or conveyed through tax reductions in ARRA during the fourth quarter; the reports do not measure the effects of other provisions of the stimulus package, such as tax cuts and transfer payments (including unemployment insurance payments) to individuals.
Last edited by swirling_vortex; 07-28-2010 at 04:57 PM.
07-28-2010, 04:52 PM"In England a king hath little more to do than to make war and give away places; which in plain terms, is to impoverish the nation and set it together by the ears. A pretty business indeed for a man to be allowed eight hundred thousand sterling a year for, and worshipped into the bargain! Of more worth is one honest man to society and in the sight of God, than all the crowned ruffians that ever lived."
—Thomas Paine, Common Sense
07-28-2010, 04:56 PM
Suggest he read this chapter for edumacation on how the Stimulus really works.
Public Works Mean Taxes
A bridge is built. If it is built to meet an insistent public demand, if it solves a traffic problem or a transportation problem otherwise insoluble, if, in short, it is even more necessary to the taxpayers collectively than the things for which they would have individually spent their money had it had not been taxed away from them, there can be no objection. But a bridge built primarily “to provide employment” is a different kind of bridge. When providing employment becomes the end, need becomes a subordinate consideration. “Projects” have to be invented. Instead of thinking only of where bridges must be built the government spenders begin to ask themselves where bridges can be built. Can they think of plausible reasons why an additional bridge should connect Easton and Weston? It soon becomes absolutely essential. Those who doubt the necessity are dismissed as obstructionists and reactionaries.
Two arguments are put forward for the bridge, one of which is mainly heard before it is built, the other of which is mainly heard after it has been completed. The first argument is that it will provide employment. It will provide, say, 500 jobs for a year. The implication is that these are jobs that would not otherwise have come into existence.
This is what is immediately seen. But if we have trained ourselves to look beyond immediate to secondary consequences, and beyond those who are directly benefited by a government project to others who are indirectly affected, a different picture presents itself. It is true that a particular group of bridgeworkers may receive more employment than otherwise. But the bridge has to be paid for out of taxes. For every dollar that is spent on the bridge a dollar will be taken away from taxpayers. If the bridge costs $10 million the taxpayers will lose $10 million. They will have that much taken away from them which they would otherwise have spent on the things they needed most.
Therefore, for every public job created by the bridge project a private job has been destroyed somewhere else. We can see the men employed on the bridge. We can watch them at work. The employment argument of the government spenders becomes vivid, and probably for most people convincing. But there are other things that we do not see, because, alas, they have never been permitted to come into existence. They are the jobs destroyed by the $10 million taken from the taxpayers. All that has happened, at best, is that there has been a diversion of jobs because of the project. More bridge builders; fewer automobile workers, television technicians, clothing workers, farmers.Gun Control: The theory that a woman found dead in an alley, raped and strangled with her panty hose, is somehow morally superior to a woman explaining to police how her attacker got that fatal bullet wound - Unknown
The problem is Empty People, Not Loaded Guns - Linda Schrock Taylor
07-28-2010, 11:12 PM
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