logo
 

Go Back   HuntingNet.com Forums > Non Hunting > Politics

Politics Nothing goes with politics quite like crying and complaining, and we're a perfect example of that.

Reply
 
Thread Tools
Old 08-23-2011, 05:47 AM   #1
Little Doe Peep
 
sachiko's Avatar
 
Join Date: Jan 2007
Location: Michigan
Posts: 10,005
Cool $490,000 Stimulus grant creates 1.72 jobs

That's right. Read about it here.

http://www.foxnews.com/politics/2011...est=latestnews

Isn't that exciting how the O'Bama administraton is putting people to work?
__________________


Proud parents of our own "Daddy's Little Girls"

I heard Jesus He drank wine and I bet we'd get along just fine.

He could calm a storm and heal the blind and

I bet He'd understand a heart like mine.

Miranda Lambert
sachiko is offline   Reply With Quote
Old 08-23-2011, 09:55 AM   #2
Nontypical Buck
 
Join Date: Jul 2004
Location:
Posts: 3,726
Default

The government is a very inefficient spender of money. Always has been, always will be. Somethings are appropriate for the government to handle -- efficiency or not -- and other things are best left free of the government.

The basic idea of the stimulus was Keynsian economics. Government has levers and dials that it can manipulate, so goes the theory, to coerce the economy to go where the economy ought to go. One lever is the interest rate maintained by the federal reserve board. Another lever -- or is it a dial? -- is the spending the government undertakes. Now no one disagrees that the government throwing money out into the economy puts money into people's pockets. Of course, the football player who threw dollar bills into the air in a Las Vegas night club put money in people's pockets too. But there is more to Keynsian economics. Keynsian economics proposes that such money injected into the economy acts like a small slug of water priming a pump in a water well. The returned flow is much greater than the injection. But for this to work some precision and insight is needed to target the injection carefully. There was not any precision targeting associated with the stimulus package thrown out by the Democrats in 2009.

Now the above is a faithful rendering of Keynsian economic theory -- targeted government spending can coerce the economy towards growth. That is a theory. Not every one agrees with that theory any longer. It is my view that less than 50% of economists agree with Keynsian economic theory. But even if you accept Keynsian theory . . . the stimulus needs to be TARGETED!!! It wasn't. It was rather used to pay off political supporters in many cases.
Alsatian is offline   Reply With Quote
 
 
Reply


Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off

 

All times are GMT -8. The time now is 12:25 PM.