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  #61 (permalink)  
Old 02-15-2008
danielpalos danielpalos is offline
Secretary of Defense

 
Member Since: Jun 2006
Location: US, California
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Re: Stimulus package just another big government welfare program!

I am of the opinion, that a better stimulus would have been to upgrade infrastructure. At least, with infrastructure development, costs have a potential to be reduced for the public and private sector, once it has been upgraded.

Simply manufacturing "socialized" wars on drugs and terror do neither.
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  #62 (permalink)  
Old 02-15-2008
Alex Alex is offline
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Re: Stimulus package just another big government welfare program!

I think the morons who put this 'stimulus' package together should all be stimulated - with a taser gun.
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  #63 (permalink)  
Old 02-15-2008
Marcus1124 Marcus1124 is offline
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Re: Stimulus package just another big government welfare program!

Quote:
danielpalos
I am of the opinion, that a better stimulus would have been to upgrade infrastructure. At least, with infrastructure development, costs have a potential to be reduced for the public and private sector, once it has been upgraded.

Simply manufacturing "socialized" wars on drugs and terror do neither.
Please explain how a short- to medium-term economic slowdown NOW is helped by spending money years from now? What, do you think Congress pours money out for "infrastucture" and the next day millions of people are working on roads, bridges, etc.
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  #64 (permalink)  
Old 02-15-2008
danielpalos danielpalos is offline
Secretary of Defense

 
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Location: US, California
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Re: Stimulus package just another big government welfare program!

It could do it a manner similar to that which put millions of Americans to work, ending the Great Depression. Hoover Dam is still generating revenue, and lowering our tax burden as a result.
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  #65 (permalink)  
Old 02-15-2008
Marcus1124 Marcus1124 is offline
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Member Since: Dec 2004
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Re: Stimulus package just another big government welfare program!

Quote:
danielpalos
It could do it a manner similar to that which put millions of Americans to work, ending the Great Depression. Hoover Dam is still generating revenue, and lowering our tax burden as a result.
Unemployment during the great depression was 20%+, and we were in a deflationary monetary environment (largely caused by bad monetary, trade, and tax policies). We currently have under 5% unemployment (a level below the 30 year moving average) and moderate INFLATION. That you even compare the two shows how fundamentally shallow your understanding of economics is.
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  #66 (permalink)  
Old 02-16-2008
danielpalos danielpalos is offline
Secretary of Defense

 
Member Since: Jun 2006
Location: US, California
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Re: Stimulus package just another big government welfare program!

As usual, your argument is as disingenuous as it is self-serving. A rebate would accomplish what you claim of increased employment, even if only for the duration of a single pay period. Simple tax reductions may not provide enough impetus for further capital investment, if there is no perceived future demand for those products.

You are under the impression that there must be excessive inflation with full-employment. That was not the case during the Clinton administration when unemployment levels (4.2 percent) were even lower than they are now, inflation in 1999 was around 2 percent, average hourly earnings were rising faster that the rate of inflation at 3.7 percent, and we were running massive surpluses.
Source: The Lowest Unemployment Rate in 30 Years

Simply increasing demand will also stimulate a corresponding amount of venture capital that is currently not be allocated to such purposes. Jobs related to infrastructure development cannot be exported, and infrastructure has the potential to generate revenue to defray public sector costs, and have the potential to reduce our tax burden.
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  #67 (permalink)  
Old 02-21-2008
danielpalos danielpalos is offline
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Member Since: Jun 2006
Location: US, California
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Re: Stimulus package just another big government welfare program!

Here is a better economic rationale for why we had the levels of inflation we had, even with greater levels of employment.

Quote:
Inflation also gives central banks room to maneuver, since their primary tool for controlling the money supply and velocity of money is by setting the lowest interest rate in an economy - the discount rate at which banks can borrow from the central bank. Since borrowing at negative interest is generally ineffective, a positive inflation rate gives central bankers "ammunition", as it is sometimes called, to stimulate the economy. As central banks are controlled by governments, there is also often political pressure to increase the money supply to pay government services, this has the added effect of creating inflation and decreasing the net money owed by the government in previously negotiated contractual agreements and in debt.

Source: Inflation - Wikipedia, the free encyclopedia
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