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Topic:
Economists Agree--The Stimulus Worked [Locked] |
Sin_of_Onin  Posts: 1,307
Registered: 2005-6-29 08:21:12
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Date Posted:
1/1/00 12:01am
Subject:
Economists Agree--The Stimulus Worked |
What he said is nonsensical gibberish AA.
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Date Posted:
1/1/00 12:01am
Subject:
Economists Agree--The Stimulus Worked |
Are these the same economists that laughed at dire economic warnings back in 2006?
Why do you keep listening to a group of people that have been nothing but consistently wrong the last 20 years?
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It is no measure of health to be well adjusted
to a profoundly sick society. - Jiddu Krishnamurti
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theredkay1  Posts: 611
Registered: 2008-5-16 10:37:09
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Date Posted:
1/1/00 12:01am
Subject:
Economists Agree--The Stimulus Worked |
Abaddon_Ambrosius posted:
Desnoxvu posted:
The bankers and large corps got bailed out but the middle class and poor are getting destroyed. This is what happens in a keynesian society. The rich got richer and the poor got poorer, it isn't a coincidence.
The FED gave 17 trillion to their millionaire and billionaire buddies and the government decided to change the way they calculate unemployment to remove people who are not eligible for unemployment benefits.
People need to ask the question, why is it that all these banks and credit card companies have all the money and I need to be a slave to them in order to survive. Discount window much?
You see... this is a statement those on the "American left" should TOTALLY agree with. It is what happened, and crony capitalists made it happen. However, because you have a Ron Paul icon, since most of them are partisan Dem instead of being classically liberal (ie fiscal conservative, small state, civil libertarian)... they're going to figure out ways to rant against it.
The left agrees with his statement of the way things are: bailouts happened, banks have lots of money, inequality is expanding.
Why should the left (or anyone) agree with the rest of what he said? Because you wish they would?
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DemonicXH Title: Camelot Vault Staff
News Editor
Posts: 584
Registered: 2003-12-1 08:14:17
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Date Posted:
1/1/00 12:01am
Subject:
Economists Agree--The Stimulus Worked |
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Because it's a question that needs to be answered..
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Sin_of_Onin Posts: 1,307
Registered: 2005-6-29 08:21:12
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Date Posted:
1/1/00 12:01am
Subject:
Economists Agree--The Stimulus Worked |
B_Shinkicker posted:
Are these the same economists that laughed at dire economic warnings back in 2006?
Why do you keep listening to a group of people that have been nothing but consistently wrong the last 20 years?
Actually one thing that economists are usually not very good at as a group is understanding the specifics one one particular industry to the point that they could have predicted the latest crisis in full. As a group they can easily predict that housing prices going up as a result of the Fed lowering rates will eventually result in a reduction in prices. Some people beat their chests over this but most people didn't pay much attention because it was assumed even before the Fed Reserve made their move.
The fact that hundreds of billions of dollars worth of investments were rated drastically higher than what their true rating was and that the nature of the debt instruments made it unclear what anyone's risk was after the crash was not predicted by many people at all.
-----signature-----
"Okay... I'm with you fellas" --Delmar
F is for Fake-believe
"We apologise for the inconvenience" --God
"What Jesus fails to appreciate is that it's the meek who are the problem"--Reg
Run, Forrest! Run!
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DemonicXH Title: Camelot Vault Staff
News Editor
Posts: 584
Registered: 2003-12-1 08:14:17
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Date Posted:
1/1/00 12:01am
Subject:
Economists Agree--The Stimulus Worked |
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And the fact that the WO keeps toting unemployment numbers that totally exclude millions of people is a red flag.
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Date Posted:
1/1/00 12:01am
Subject:
Economists Agree--The Stimulus Worked |
I'm under the impression that the current raise in gas prices is due to commodity speculation on oil prices and not to do to any issues with supply and demand.
http://www.upi.com/Business_News/Energy-Resources/2012/02/21/Executive-Speculation-driving-oil-prices/UPI-27001329822937/?spt=hs&or=er
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SoBaKi  Posts: 487
Registered: 2002-2-26 09:31:13
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Date Posted:
1/1/00 12:01am
Subject:
Economists Agree--The Stimulus Worked |
Remnant_OBrien posted:
I'm under the impression that the current raise in gas prices is due to commodity speculation on oil prices and not to do to any issues with supply and demand.
http://www.upi.com/Business_News/Energy-Resources/2012/02/21/Executive-Speculation-driving-oil-prices/UPI-27001329822937/?spt=hs&or=er
Wrong thread Remnant.
http://vnboards.ign.com/outpost/b22180/116177608/p1/?28
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theredkay1 Posts: 611
Registered: 2008-5-16 10:37:09
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Date Posted:
1/1/00 12:01am
Subject:
Economists Agree--The Stimulus Worked |
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Its really hard to run economic experiments. But I think we have a good (although imperfect) one right now.
- A country running budget deficits is faced with a recession and a steep dropoff in consumer demand paired with low interest rates. The prescription for this country is: large government cutbacks, low inflation and no attempt to devalue the currency.
This appears to be pretty close to the prescription offered by many on the right. This is the way out. Government will shrink and the private economy will grow. Creditors will reward government cutbacks and business will feel more adventurous.
The results in Greece have been an utter disaster but strangely this has had no impact on the presription coming from the right. There seem to be two responses, 1) they just need more austerity and 2) lets stick our head in the sand and pretend Greece isnt following our plan. Sometimes people will alternate between the two.
- We have another example in England where the government undertook fiscal tightening (AUSTERITY!!) 2 years ago....and then shortly plunged back into a recession.
The response to this seems to again be a combination of #1 & #2 from above.
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Thugoneous Title: Watching Caliente, BRB.
Posts: 1,128
Registered: 2002-11-2 18:00:54
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Date Posted:
1/1/00 12:01am
Subject:
Economists Agree--The Stimulus Worked |
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