The Economy - Page 2 - XDTalk Forums

**XDConvert9mm** · 07-10-2009, 01:09 AM

Quote:

Originally Posted by thelongone13

Nobody ever did, the republicans didn't either with the one they passed. In my opinion, these "stimulus" packages are simply dragging us further into debt.

Yep. Here's more about this second porkulous.

The Bankrupt Party of Porkulus

nickb · 07-10-2009, 01:16 AM

Whoa whoa....are you telling me if I keep borrowing more and more money, I'll won't be stimulated? I'll just get deeper in debt! WTF?

thelongone13 · 07-10-2009, 01:19 AM

In any case, we're looking at the beginning of world war 3... An economical war where China owns all of us. Sad, but true.

Etta Place · 07-10-2009, 01:20 AM

Quote:

Originally Posted by ChevyMan45

Where are all these jobs the stimulus is to create? damn its working so well.....

oh thats right obama is more worried about increased government spending, gov't jobs, apologizing to other countries for who knows what, and increasing the size of the government instead of fixing the economy by cutting/eliminating the capital gains tax, cutting taxes on small businesses, and cutting taxes on working americans. Capital gains tax just sends our jobs overseas.

Are you saying that we should cut taxes and increase the deficit then?

**XDConvert9mm** · 07-10-2009, 01:22 AM

Quote:

Originally Posted by Etta Place

There are definite advantages to being an incumbent president. Many presidents give a jolt to the economy right before they're up for reelection.

Quote:

Originally Posted by XDConvert9mm

Who has done this and how, specifically, have they accomplished this?

Quote:

Originally Posted by Etta Place

Are you saying that we should cut taxes and increase the deficit then?

???

machron1 · 07-10-2009, 01:23 AM

Quote:

Originally Posted by Etta Place

Are you saying that we should cut taxes and increase the deficit then?

I think they are saying that if we WERE to go into debt ala stimulus, the most effective and direct way would be to decrease the penalties on making capital, which is what the economy is based on (businesses making money, and people making money working for businesses).

Only stupid people would think ensuring the safety of mice in San Francisco is somehow going to get a return on the investment, because mice don't buy cars or TVs...or maybe they do, I haven't read all 1000+ pages of the porkulus. There might be a subsidy in there for mice...

Etta Place · 07-10-2009, 01:36 AM

Quote:

Originally Posted by XDConvert9mm

???

It's something I have noticed with most presidents. I can't recall exactly who did what, but there are things they can do to temporarily jump start the economy. The phenomenon has been written about by statistician Edward Tufte in his book, "Political Control of the Economy."

Political control of the economy - Google Books

Etta Place · 07-10-2009, 01:37 AM

Quote:

Originally Posted by machron1

I think they are saying that if we WERE to go into debt ala stimulus, the most effective and direct way would be to decrease the penalties on making capital, which is what the economy is based on (businesses making money, and people making money working for businesses).

Only stupid people would think ensuring the safety of mice in San Francisco is somehow going to get a return on the investment, because mice don't buy cars or TVs...or maybe they do, I haven't read all 1000+ pages of the porkulus. There might be a subsidy in there for mice...

Historically, the mulitiplier effect for stimulating the economy through spending is greater than that of lowering taxes.

**XDConvert9mm** · 07-10-2009, 01:39 AM

Quote:

Originally Posted by Etta Place

It's something I have noticed with most presidents. I can't recall exactly who did what, but there are things they can do to temporarily jump start the economy. The phenomenon has been written about by statistician Edward Tufte in his book, "Political Control of the Economy."

Political control of the economy - Google Books

I see. That link goes to an explanation of the 40s-60s as far as this phenomenon is concerned. Do you have any that might be more recent that have occurred on this massive a scale in percentage of GDP?

Etta Place · 07-10-2009, 01:45 AM

Quote:

Originally Posted by XDConvert9mm

I see. That link goes to an explanation of the 40s-60s as far as this phenomenon is concerned. Do you have any that might be more recent that have occurred on this massive a scale in percentage of GDP?

The statistics were through the 70s, from what I can tell.

I don't have proof. It's something I have noticed, and it has been commented upon by newscasters at the time it was happening. Clinton did it. Bush did it. Probably Reagan did it too.

07-10-2009, 01:16 AM	#12
nickb XDTalk 4K Member Join Date: Jul 2006 Posts: 4,718	Whoa whoa....are you telling me if I keep borrowing more and more money, I'll won't be stimulated? I'll just get deeper in debt! WTF? __________________ Mmmm mmmm mmmm Barak Hussein Obama spending all he wanna mmm mmm mmm $3.5 Trillion that's a lot o'dolla mmm mmm mmmm $399,543,360 per hour! mmm mmm mmm....
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07-10-2009, 01:19 AM	#13
thelongone13 XDTalk 3K Member Join Date: Jun 2009 Location: Little Chute, WI Posts: 3,673	In any case, we're looking at the beginning of world war 3... An economical war where China owns all of us. Sad, but true. __________________ "Time is the best teacher of all. Unfortunately, it kills all it's pupils." Help bring CCW to WI! http://www.wisconsinconcealedcarry.com/ XD .45 4" Service, Blacticool Marlin 795 (project tacticool plinker) Mosin Nagant M91/30 1943 Izhevsk Don't mess with the ARMED MALL NINJAS.
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