|
|
 Originally Posted by Monty3038
Boost, you are correct... and here is where the problem IMO lies with that. The government creates jobs, such as Roosevelt did (I think it was Roosevelt) with the creation of Dams, Tennessee Valley Authority, other work programs that put people to work... they work. Then they do jump start the economy... but when those jobs dry up, what do they do?
Right now, Obama has created those types of jobs, with the Putting Americans to Work programs, which you have seen on your highways, infrastructure building, etc... but it hasn't jump started the economy? I can name at least 10 projects in my area that have been created by this program, which is pumping millions into people's pockets... but it still hasn't jump started the local economy...
Why?
You're inadvertently equivocating. Existence of spending != quantity/quality of spending.
I'm glad you mentioned FDR. New Deal policies have had incalculably positive effects even to this day. Things like national parks and forest rangers exist mainly because of that old school stimulus. Policy of that era is a great example of how right-wingers oppose it when they can, but gobble up the benefits when they can, then claim the positives were their ideas all along
Obama's stimulus has a few problems, but also a few excellent things.
It was not even remotely capable of fixing the economy due to improper size, type of stimuli, and policy changes. It's not even close, too. The next time you hear somebody made the simplistic comment that the stimulus didn't work or whatever, please stop listening to them because they have no clue what they're talking about. Like seriously, they either don't even understand the first thing about economics or they're lying
A big chunk of the stimulus are deleterious tax cuts, and they actually have a negative drag on the economy. Barry No Balls is somehow incapable of fighting for what is right so he needed to put all those confirmed awful tax cuts in there in order to get a couple necessary votes. Not to mention this new "stimulus" of tax cuts is beyond a joke. It's more a product of the establishment believing their own shit, and a tool that allowed Barry No Balls to convince the Democratic Party-liners that he's not one of the most conservative presidents in US history by getting passage of a few incredibly popular and standard bills.
Some of the stimulus package, however, is R&D type of stuff and infrastructure that will pay off quite a lot over decades. It's not nearly as good as the New Deal was, but we got what our stupid voters deserve, I guess
|
Reply With Quote