BoiJen -> RE: Federal Unemployment Extension? (2/10/2010 7:46:27 PM)
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quote:
ORIGINAL: MzMia quote:
ORIGINAL: AnimusRex Lord how I wish you are right, tazzy...but the rumblings we are hearing from our developer clients is nothing is moving yet, weather be damned. Housing demand is down, commercial demand is down...we are hoping for public spending to trigger infrastructure work. I don't see john q. public doing much spending at all Rex. I thought I heard that foreclosures will continue to rise. We certainly have not even hit bottom yet. I just wonder what will happen, if/when we ever stop spreading "stimulus" money. MizMia the problem is this, economic health is based on individual wealth and spending. We have to spend, not save. The problem is, if we spend, we might be down the hole in a short while. General: I don't think eliminating stimulus funds all together is a good thing. After all, the unemployment extensions are part of a stimulus plan in stages. I think the problem with this is a very poor understanding of how the economy works from the perspective of our law makers. Giving businesses money doesn't actually help the businesses. There is still no consumer movement when businesses get stimulus funds directly. economy still doesn't move. When consumers are given money the economy begins to move again. What helped during the Depression was government created jobs. And by that I mean construction and war time jobs. People got money because they got a job funded by the government and did the work to get paid. The Reforestation act of '33 created 250,000 jobs for young men. While these jobs were temporary in nature these young men suddenly had money to spend and were able to create a demand. Businesses needed to hire people to meet that demand. The cycle of recovery began. When businesses are rewarded for taking jobs out of the country (thank you NAFTA) and further encouraged by being given government funds directly, jobs are not created where they need to be created: HERE. My point is, stimulus funds are not, in and of themselves, bad. How these "stimulus funds" have been spent in this last bit of economic turmoil is what's bad. I still think that this thing is going to go on for quite a while because while Obama likes to tout shit like "I don't think trickle down economics work", he's still leading the government that is giving hundreds of billions of dollars to big business out of fear and basically shitty on the little guy with a couple of pennies. The current stimulus plan still follows an idea of trickling down. Socially speaking, we come together as a country when all of our economic classes face hardship. Our ideals begin to match closer to that of our neighbors and we begin to appreciate one another again. From where I'm sitting, if a little bit of socialism is what it's going to take to do that, then I'm ok with it. Start calling those loans good right now and taxing the hell out of big business with a firm note of shutting their asses down if they pass that along to the consumer. Give that money back to social programs that will build this country back up. When we balance out again, then let's talk about deregulation one more time. PS. Here's the New deal timeline... http://xroads.virginia.edu/~MA02/volpe/newdeal/timeline_text.html
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