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

Reply
 
LinkBack Thread Tools Display Modes
post #11 of 217 (permalink) Old 01-29-2009, 01:19 PM
BenzWorld Elite
 
mcbear's Avatar
 
Date registered: Apr 2004
Vehicle: E500Es
Location: The BlueGrass State
Posts: 29,579
Mentioned: 0 Post(s)
Quoted: 3 Post(s)
Quote:
Originally Posted by TNTRower View Post
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.

McBear,
Kentucky

Being smart is knowing the difference, in a sticky situation between a well delivered anecdote and a well delivered antidote - bear.
mcbear is offline  
Sponsored Links
Advertisement
 
post #12 of 217 (permalink) Old 01-29-2009, 01:28 PM
BenzWorld Elite
 
Date registered: Feb 2006
Vehicle: 1999 ML320
Location: Ratville
Posts: 24,029
Mentioned: 1 Post(s)
Quoted: 311 Post(s)
About the Pelosi stimulus package passed by the House, reportedly eleven Democrats voted against their party's package.

Quote:
"... 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."
mlfun is offline  
post #13 of 217 (permalink) Old 01-29-2009, 01:32 PM
BenzWorld Elite
 
mcbear's Avatar
 
Date registered: Apr 2004
Vehicle: E500Es
Location: The BlueGrass State
Posts: 29,579
Mentioned: 0 Post(s)
Quoted: 3 Post(s)
Quote:
Originally Posted by mlfun View Post
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.

McBear,
Kentucky

Being smart is knowing the difference, in a sticky situation between a well delivered anecdote and a well delivered antidote - bear.
mcbear is offline  
post #14 of 217 (permalink) Old 01-29-2009, 04:45 PM Thread Starter
BenzWorld Elite
 
TNTRower's Avatar
 
Date registered: Sep 2007
Vehicle: '98 E320 Wagon (non 4matic)
Location: Atlanta, GA & Malabo, Equatorial Guinea
Posts: 6,663
Mentioned: 0 Post(s)
Quoted: 1 Post(s)
Send a message via AIM to TNTRower
(Thread Starter)
Quote:
Originally Posted by mcbear View Post
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.

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

If the Arabs put down their weapons today, there would be no more violence. If the Jews put down their weapons today, there would be no more Israel. --Benjamin Netayahu
TNTRower is offline  
post #15 of 217 (permalink) Old 01-29-2009, 05:18 PM
BenzWorld Veteran
 
ogrenutz's Avatar
 
Date registered: Dec 2006
Vehicle: '81 300GD Cabrio, '78 450 SEL 6.9 Rocketship, Rover HSE
Location: Virginia, USA
Posts: 704
Mentioned: 0 Post(s)
Quoted: 0 Post(s)
SSDD in Washington.....................
Attached Images
 
ogrenutz is offline  
post #16 of 217 (permalink) Old 01-29-2009, 05:37 PM
BenzWorld Elite
 
Date registered: Jan 2008
Location: USA
Posts: 13,380
Mentioned: 0 Post(s)
Quoted: 1229 Post(s)
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?

© All photographs and likenesses of Multipurpose are protected under copyright
law. Any use of photographs in whole or in part is strictly prohibited
unless authorization is granted in writing by copyright holder. All rights
reserved.
Multipurpose is offline  
post #17 of 217 (permalink) Old 01-29-2009, 05:50 PM
BenzWorld Elite
 
mcbear's Avatar
 
Date registered: Apr 2004
Vehicle: E500Es
Location: The BlueGrass State
Posts: 29,579
Mentioned: 0 Post(s)
Quoted: 3 Post(s)
Quote:
Originally Posted by TNTRower View Post
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?

McBear,
Kentucky

Being smart is knowing the difference, in a sticky situation between a well delivered anecdote and a well delivered antidote - bear.
mcbear is offline  
post #18 of 217 (permalink) Old 01-29-2009, 05:53 PM
BenzWorld Elite
 
mcbear's Avatar
 
Date registered: Apr 2004
Vehicle: E500Es
Location: The BlueGrass State
Posts: 29,579
Mentioned: 0 Post(s)
Quoted: 3 Post(s)
Quote:
Originally Posted by Multipurpose View Post
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?

McBear,
Kentucky

Being smart is knowing the difference, in a sticky situation between a well delivered anecdote and a well delivered antidote - bear.
mcbear is offline  
post #19 of 217 (permalink) Old 01-29-2009, 06:00 PM
DP
Moderator
 
DP's Avatar
 
Date registered: Aug 2002
Vehicle: 190E, 400E, SLK350
Location: Chesapeak Bay
Posts: 64,455
Mentioned: 2 Post(s)
Quoted: 1125 Post(s)
Lifetime Premium Member
How easy it is to forget

DP is offline  
post #20 of 217 (permalink) Old 01-29-2009, 06:04 PM Thread Starter
BenzWorld Elite
 
TNTRower's Avatar
 
Date registered: Sep 2007
Vehicle: '98 E320 Wagon (non 4matic)
Location: Atlanta, GA & Malabo, Equatorial Guinea
Posts: 6,663
Mentioned: 0 Post(s)
Quoted: 1 Post(s)
Send a message via AIM to TNTRower
(Thread Starter)
Quote:
Originally Posted by drewprof View Post
How easy it is to forget

True Dat!

Who's John Galt.

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

If the Arabs put down their weapons today, there would be no more violence. If the Jews put down their weapons today, there would be no more Israel. --Benjamin Netayahu
TNTRower is offline  
Sponsored Links
Advertisement
 
Reply

  Mercedes-Benz Forum > General Mercedes-Benz Forums > Off-Topic

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the Mercedes-Benz Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in









Human Verification

In order to verify that you are a human and not a spam bot, please enter the answer into the following box below based on the instructions contained in the graphic.




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes
Linear Mode Linear Mode



Similar Threads
Topic Author Forum Replies Last Post
Obama stimulus could reach $1 trillion: report Jakarta Expat Off-Topic 6 12-15-2008 01:18 PM
Economic Stimulus Payments Schl. livefreeordie Off-Topic 9 03-18-2008 02:07 PM
New Bush Stimulus Package Qubes Off-Topic 8 03-15-2008 07:09 PM
Tax Stimulus Captions............. Jakarta Expat Off-Topic 11 01-24-2008 10:13 PM
On the "Stimulus Package" Marsden Off-Topic 64 01-21-2008 08:06 PM

Posting Rules  
You may post new threads
You may 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 On

 

Title goes here

close
video goes here
description goes here. Read Full Story
For the best viewing experience please update your browser to Google Chrome