The Bipartisan Stimulus Package - Page 2 - Mercedes-Benz Forum

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post #11 of 217 (permalink) Old 01-29-2009, 02:19 PM
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It sounds pretty reasonable.

Keynesian as well as Supply side get to see which does it better or equally as well. The public is listened to and Obama gets a bi partisan pedigree that can't be taken!
Good thing Rush has a radio show. His economic logic sucks and his "facts" lack...well...facts.

So no, it doesn't sound reasonable. It sounds like the ramblings of a man losing his relevance in a changing world.

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post #12 of 217 (permalink) Old 01-29-2009, 02:28 PM
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About the Pelosi stimulus package passed by the House, reportedly eleven Democrats voted against their party's package.

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"... Congress took his ideas and then added too many of our pet projects and wish lists," said Rep. Jim Cooper, D-Tenn. "If history is any guide, the Senate will only make it worse."
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post #13 of 217 (permalink) Old 01-29-2009, 02:32 PM
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About the Pelosi stimulus package passed by the House, reportedly eleven Democrats voted against their party's package.
There are 536 opinions that count in building this package. I imagine there will be more dissent, from both the left and right.

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post #14 of 217 (permalink) Old 01-29-2009, 05:45 PM Thread Starter
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Good thing Rush has a radio show. His economic logic sucks and his "facts" lack...well...facts.

So no, it doesn't sound reasonable. It sounds like the ramblings of a man losing his relevance in a changing world.
Can you be more specific? I am interested in what exactly you think will not work?

Who's John Galt.

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post #15 of 217 (permalink) Old 01-29-2009, 06:18 PM
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post #16 of 217 (permalink) Old 01-29-2009, 06:37 PM
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So more pork barrel spending for libs pet projects concealed as a economic plan, is this what we're getting from O ba ma!

Is this the change we voted for?

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post #17 of 217 (permalink) Old 01-29-2009, 06:50 PM
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Can you be more specific? I am interested in what exactly you think will not work?
The primary issue is that you can't exercise tax cuts while also continuing a policy of deficit spending. The reduction of revenue requires additional borrowing which further drains revenues with additional debt maintenance.

I know the supply siders love to say that tax cuts generate revenues. Only problem is, there is no proof of that because the government, at the same time is also injecting monies into the appropriations stream through borrowing which mimics "growth" without actually providing that growth.

Studies from the 1981 Reagan tax cut show that they negatively impacted the GDP by 3% in the first two years. That sharp decline is why, in the first 13 months Reagan went from TAX CUT to the largest Tax Increase as a percentage of GDP in US History. The deficit spending associated with the tax cuts simply drained the system at a rate that was not expected.

In 1990 Bush 1 experienced the very same issue and the following recession lost him a second term. Bush 2 experienced the very same issue in both 2003 and again in 2006-2008 and provided a catalyst for a Democratic victory in 2008. The three times Supply Side Economics have been tried, and deficit spending have been associated with them they have failed.

The Limbaugh farce, and that is really all it is, comes with a Supply Side/Deficit Spending equation already designed into the system. How many times does the NeoCon mind have to experience the same lesson of failure before they learn to consider a different set of options?

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post #18 of 217 (permalink) Old 01-29-2009, 06:53 PM
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So more pork barrel spending for libs pet projects concealed as a economic plan, is this what we're getting from O ba ma!

Is this the change we voted for?
So are you focusing on the 0.2% that is some serious pork earmarks or are you focusing on the 99.98% that is not?

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post #19 of 217 (permalink) Old 01-29-2009, 07:00 PM
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post #20 of 217 (permalink) Old 01-29-2009, 07:04 PM Thread Starter
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How easy it is to forget

True Dat!

Who's John Galt.

"Timeo Danaos et dona ferentes" - Virgil, The Aeneid, Book 2

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