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They flushed the money
Posted: Fri May 20, 2011 1:31 am
by Jccarlton
http://web.econ.ohio-state.edu/dupor/arra10_may11.pdf
This was money that was needed for investment. This was money needed desperately for new technologies and new business development. This was borrowed money with no return on investment. This was the biggest Keynesian piece of absolute stupidity of all time. The Adminstration might as well have taken the borrowed money and flushed down a million toilets. At least that would have taken out of circulation. Instead we have monster debt and nothing to show for it. And people STILL support this clown and his bunch of self destructive clowns that the Demcratic Party has become.
Posted: Fri May 20, 2011 6:34 am
by MSimon
The numbers I have seen all over the world is that it takes $2 from the private sector for every $1 government spends.
Posted: Fri May 20, 2011 1:07 pm
by Diogenes
MSimon wrote:The numbers I have seen all over the world is that it takes $2 from the private sector for every $1 government spends.
You mean for government spending Beta=0.5 ?
Re: They flushed the money
Posted: Fri May 20, 2011 1:46 pm
by seedload
Jccarlton wrote:http://web.econ.ohio-state.edu/dupor/arra10_may11.pdf
This was money that was needed for investment. This was money needed desperately for new technologies and new business development. This was borrowed money with no return on investment. This was the biggest Keynesian piece of absolute stupidity of all time. The Adminstration might as well have taken the borrowed money and flushed down a million toilets. At least that would have taken out of circulation. Instead we have monster debt and nothing to show for it. And people STILL support this clown and his bunch of self destructive clowns that the Demcratic Party has become.
The concept that spending in the public sector reduces productivity in the private sector is so simple that I cannot believe that even Democrats believe differently. I don't think that anyone really believes in Keynesian theory. What the left believes in is control and votes and Keynesian stimulus is just a mechanism to secure it. Control in the form of 'equity' and votes in the form of 'dependence'.
BTW, throw Bush and McCain in there as well. Bush for starting the stimulus gravy train and McCain for suggesting that he would basically do the same thing.
Just my take.
more money flushing
Posted: Sat May 28, 2011 1:01 pm
by Jccarlton
Research waste:
http://www.washingtontimes.com/news/201 ... wrestling/
They could have funded ALL of the small fusion programs with that 3 billion, but no, srim treadmills and jello were more important