RE: Stimulus money put to work :)

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RE: Stimulus money put to work :) - 9/24/2009 4:01:18 PM

Politesub53

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quote:

ORIGINAL: Mercnbeth

The biggest (only?) growth industry stimulated by this Administration; one that adds to the deficit and doesn't add one penny to the revenue stream.

However, it will cause the private sector to contract as they, and anyone silly enough to expand and be more profitable, have to pay for these "essential" personnel.

Flawed logic Merc, anyone earning money spends it, thereby increasing revenue. I am also at a loss as to how the private sector has to pay for these workers. Are you suggesting the public sector doesnt make any income for the Government ?

I am also curious as to if you would prefer these people to be out of work, and needing benefits ?

(in reply to Mercnbeth)

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RE: Stimulus money put to work :) - 9/24/2009 11:23:45 PM

MrRodgers

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Joined: 7/30/2005
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quote:

ORIGINAL: Mercnbeth

The biggest (only?) growth industry stimulated by this Administration; one that adds to the deficit and doesn't add one penny to the revenue stream.

However, it will cause the private sector to contract as they, and anyone silly enough to expand and be more profitable, have to pay for these "essential" personnel.

The $787 billion economic recovery package also is stimulating growth in the federal government as agencies hire thousands of workers and spend millions of dollars to oversee and implement the package, according to government records and spokesmen.Fourteen of the top federal agencies responsible for spending under the American Recovery and Reinvestment Act say they've hired about 3,000 workers with stimulus money. That's helped fuel the continued growth of the federal government, which increased by more than 25,000 employees, or 1.3%, since December 2008, according to the latest quarterly report. During that time, the ranks of the nation's unemployed increased by nearly 4 million, Labor Department statistics show.Overall, there are about 2 million federal workers, the data show.

Please, it is easy to understand our vigilance and we should by all means...keep it. But...let's be objective.

Interest rate reductions in the past took 6-8 mos to take effect. Tax cuts in the past...took longer.

Why does the right continue to pick on a policy started by Bush with TARP,(or we might have suffered riots, anarchy and martial law...riiight) and the obvious bailout of Freddie and Fannie...demand that Obama be any more 'successful' i. e., quicker then 8 mos. and should have already earned, given the gravity of the situation, you'd think as with any OTHER pres....a large benefit of the doubt.

Nope... not this one. He's the ultimate superman as identified by his opponents and already a failure in addition to all of his other sins.

BTW, ANY dollar put into the economy in any way is another dollar becoming fulfillment of demand and means as much (to the economy) as any other dollar. This is true whether that dollar is earned, borrowed or printed...the first being our preference.

< Message edited by MrRodgers -- 9/24/2009 11:52:00 PM >

(in reply to Mercnbeth)

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RE: Stimulus money put to work :) - 9/24/2009 11:36:28 PM

Kirata

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quote:

ORIGINAL: MrRodgers

Why does the right continue to pick on a policy started by Bush with TARP,(or we might have suffered riots, anarchy and martial law) and the obvious bailout of Freddie and Fannie...demand Obama be any more 'succesful' quicker then 8 mos. and should have already earned, given the gravity of the situation, you'd think than any OTHER pres....would be given the benefit of the doubt.

Could it be because he promised CHANGE? Personally, I didn't like the policy any better under Bush.

K.

< Message edited by Kirata -- 9/24/2009 11:38:47 PM >

(in reply to MrRodgers)

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RE: Stimulus money put to work :) - 9/25/2009 12:00:31 AM

MrRodgers

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quote:

ORIGINAL: Kirata

quote:

ORIGINAL: MrRodgers

Why does the right continue to pick on a policy started by Bush with TARP,(or we might have suffered riots, anarchy and martial law) and the obvious bailout of Freddie and Fannie...demand Obama be any more 'succesful' quicker then 8 mos. and should have already earned, given the gravity of the situation, you'd think than any OTHER pres....would be given the benefit of the doubt.

Could it be because he promised CHANGE? Personally, I didn't like the policy any better under Bush.

K.

Well he has proposed much change maybe more change than in recent history some of which has and has not made it through his own congress. He could do more if he understood how to put the power of his personal popularity behind it, if he wanted it.

My problem with most criticism of Obama is that it has only been about 8 mos. and it is high time the majority give the man a couple years before we call him marginalized...let alone a failure.

(in reply to Kirata)

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Post #: 24