 egoldstein says: Honestly, i think that instead of the government sending us each $1,000 checks, they should put every dime of the stimulus plan towards the growth of the renewable energy sector. That will do 100x more good economically and politically and the effects will last decades. Jobs will be created, investments will be made, the environment will be better off and we will become less dependent on fossil fuels from abroad. That's real stimulus - if only George Bush wouldn't block it. I'll take the check, I'm saving for a big vacation. Actually I think for the economy, the check is a good idea. But it needs to be paid for, and that would be done by letting the Bush tax cuts die their due death. Actually I think for the economy, the check is a good idea. But itI take it you are not aware that the Bush tax cuts created the largest windfall for the Federal Treasury in history, that spending is out of control, and the obligations due from the Federal Government, which by the way makes up most of the National Debt, are becoming due in the form of Social Security, Medicare, etc. What am I saying? Of course you know that. Let ths Bush tax cuts die? How will we pay for that? Bush tax cuts created the largest windfall for the Federal Treasury in historyAnd pigs fly. Repeat a lie often enough, and we're supposed to believe it? No thanks, you can drink this koolade on your own. Yes, I really do not trust Federal Gov't stats either. If that where the case, why is the federal goverment so deep in the red? And what happened to the surplus? Willhelm, That is a nice little, self serving graph that the Bush administration has produced. Too bad they didn't include the previous eight years (or 50 years). Then you would see what a huge negative impact the Bush cuts had on federal revenue. This big increase of yours would be called recovery by most anyone else. And all that revenue lost and deficit spending yet average Americans feel less secure and less well off than they did 8 years ago. If anyone doesn't want their check, I'll take it... Kmcolo, Your chart, on a simplistic level, clearly shows the turnaround that resulted from an inherited short-recession. You can blame one preseident or the other all you want about what or who caused the recession, at clipmarks that would be pointless and futile. What is not pointless, however, is this chart. Thank you for the clarification. At least for those that know what they are looking at. You always do take the Aiken strategy when confronted with facts. You always do take the Aiken strategy when confronted with facts.Actually, I was the one providing the facts, you just seconded them. And it appears you are the one "taking" the Aiken strategy. You are just using the Aiken strategy to do so. Oh yea, well I double what you said and reverse it. Are we having fun yet? It is clear that cutting taxes increased economic growth, the only question is whether the increased growth is enough to offset the lower tax rate such that the government doesn't have to borrow money to maintain the same level of spending. In other words do the "tax cuts pay for themselves"? This is difficult to estimate, but 2006 estimates by the Treasury show that the additional economic growth is much smaller than the lost revenue. http://blogs.wsj.com/washwire/2006/07/11/do-tax-cuts-pay-for-themselves/ One does not cut taxes to the most wealthy households when there is a general global investment glut. It is just incompetent, which is what we've grown to expect from this bunch of jokers. Either cut taxes to the middle and lower income and/or invest in government infrastructure such as... bridges perhaps... that promote economic activity. Sometimes it is lack of government investment that is a limitation to an economy. It is clear that cutting taxes increased economic growth, the onlyInteresting, smokefoot. While tax cuts, timed appropriately, are a stimulus for the economy, other factors, affect growth. For example, consumer confidence, war, the stock market, savings, productivity. It does not necessarily follow that that the purpose of tax cuts is an increase in growth, rather an offset. The issue is that even while revenues increased dramatically, spending on wasteful projects increased much more dramatically. The... Also, the impact of this paradigm is dangerous in the sense that it increases the swing of the pendulum. Ever since the Great Depression we have held this pendulum to small swings. We discovered in the Great Depression that Government involvement in private enterprise and individual economic "nanny-state" security can have extremely bad consequences. What we face now is the likelihood of much larger swings. Personally, I believe this is part of the NeoCon, Internationalist agenda. The purpose being to crash the dollar. This is your great economic wisdom? Well to each their own. It is a fallacy that government spending offsets an economic downturn.That is equally a fallacy (often perpetuated by the "free market"/libertarian set). Government spending, as I explained before, can indeed promote economic growth. Like all spending, it is dependent on the type. Of course during economic downturns (some) inflationary pressure can be a good thing. One of the larger problems we have now is not so much government vs. non-government issue but more how much the lines between the two are blurred. Although tax cuts were an excellent cure for our economic condition after 9/11The ta... Borrowing and spending, I should add, on non-productive (non-capital) goods. Borrowing and spending on goods that increase productivity and improve markets is of course "good". Ever heard of the Islamic scolar Ibn Khaldūn. He was first in pointing out a little economic truism we refer to today as the Laffer Curve. Now, go study. Come back and make a comment and pretend you have a clue what you are talking about. Yes, the old Laugher curve... ball. A hammer for all your economic nails (even when they aren't nails!) I'll refer you back to a previous clip for your introspection and contemplation. Start questioning your own assumptions and then maybe we can talk. |
View the Top Clips from January 23, 2008
Embed This Clip In Your Site...
|
||||||||||
|
|
|||||||||||
|
New from the makers of Clipmarks: Amplify.com - Don't just share the news...Amplify it!
|
|||||||||||
