Posted on 03/08/2010 5:14:52 PM PST by Kaslin
Abraham Lincoln once asked an audience how many legs a dog has, if you called the tail a leg? When the audience said "five," Lincoln corrected them, saying that the answer was four. "The fact that you call a tail a leg does not make it a leg."
That same principle applies today. The fact that politicians call something a "stimulus" does not make it a stimulus. The fact that they call something a "jobs bill" does not mean there will be more jobs.
What have been the actual consequences of all the hundreds of billions of dollars that the government has spent? The idea behind the spending is that it will cause investors to invest, lenders to lend and employers to employ.
Economic Sedative
That was called "pump priming." To get a pump going, people put a little water into it so that the pump will start pumping out a lot of water. In other words, government money alone was never supposed to restore the economy by itself. It was supposed to get the private sector spending, lending, investing and employing.
The question is: Is that what has actually happened?
The stimulus spending started back in 2008, during the Bush administration, and has continued under the Obama administration, so it has had plenty of time to show what it can do
(Excerpt) Read more at investors.com ...
Ping
Obummer is the tail of the dog because he smells his end.
stimulus for obama buddies
You are very welcome
Why is it I don’t feel stimulated? Rather depressed!
We have a bunch of financial illiterates trying to play politics with the nations economy.
Neither does calling it “healthcare”....
Respectively they’re basically bribery and taxation...the two activities in which Congress is outstanding...
Thanks for the ping jaz.
The Left holds that if enough people believe in an unworkable plan, it will work.
They know that logic, reason, evidence, etc. are not on their side, so they are forced to use fallacies and intimidation to spread their propaganda and marginalize those who oppose them.
Amen, brother.
This whole "jump start", "pump prime", "stimulus" idea is just a cheap excuse for more government spending, nothing more. For Bush, it was spending so he wouldn't be blamed for doing nothing in his final months. For Obama, it was a crisis too good to waste.
I almost blame Bush more. He legitimized "stimulus". I remember when Clinton tried for a similar bill his first year, and congressional Repubs campained hard against the concept, and won.
I guess we're all phony Keynesians now.
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