Quote:
Originally Posted by marcop
The government passed a stimulus package to help create jobs; without it the recession would've been much, much worse--perhaps a depression rather than a bad recession. And the stimulus package that was passed was watered down by idiots who claimed that tax cuts would stimulate the economy more than spending money would.
I studied economics, and I'm always--really, always--amazed by people who don't have the first clue about how the economy works, spouting off about how the government should influence the economy.
Please, just shut the fuck up. Thank you.
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John Maynard Keynes was one of the first economists to advocate government deficit spending as part of the fiscal policy response to an economic contraction. In Keynesian economics, increased government spending is thought to raise aggregate demand and increase consumption.
Classical economists and Austrian economists, however, believe that increased government spending exacerbates an economic contraction by shifting resources from the private sector, which they consider productive, to the public sector, which they consider unproductive. According to Austrian economists, the reason the Great Depression lasted as long as it did was because of significant government spending and government regulation of the economy.
So blow it out your ass you fucking idiot, Canada is doing well because of conservative spending and the UK is shifting their spending by a cut of 25% . We although have a fucking idiot named Barry that praises a banking industry overhaul that leaves out the two largest names, Fannie Mae and Freddie Mac. Just how does that work, the government owns 80%. You think the stimulus worked at all, where's your proof?
Increased regulation and a heavier tax burden by increasing the size of the government and increasing the national debt to recent levels can in NO way be good for the country.
Entrepreneurs and their small enterprises are responsible for almost all the economic growth in the United States.
Ronald Reagan
Just where did you study economics? Back of the Cracker Jacks box? So just shut the fuck up and go back to the book of Barry and revel in all the shit that is Barry, that shit for brains has got the senate and house so polarized that they can't do anything but his fucked up agenda