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For Those Who Think The Stimulus Had No Effect


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I think this is one point that we all can agree on.

No.

 

we can't agree there is going to be a lot of pain in eliminating 15 trillion in debt? when you look up on a sunny day and see blue sky, what color do you think it is?

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we can't agree there is going to be a lot of pain in eliminating 15 trillion in debt? when you look up on a sunny day and see blue sky, what color do you think it is?

 

I think I was agreeing.

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we can't agree there is going to be a lot of pain in eliminating 15 trillion in debt? when you look up on a sunny day and see blue sky, what color do you think it is?

 

I missed that you added emphasis. I thought you meant the whole post. My bad.

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Well we can see a good example of democrat stimulus and the effect it is having here

 

Cliffs:

 

The plants building parts for Chevy Volt are paying employees to stand around and play board games because there is no sales of those crap cars but the tax dollars to fund them needs to be spent...so come in and chill all day while getting union wages.

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Well we can see a good example of democrat stimulus and the effect it is having here

 

Cliffs:

 

The plants building parts for Chevy Volt are paying employees to stand around and play board games because there is no sales of those crap cars but the tax dollars to fund them needs to be spent...so come in and chill all day while getting union wages.

 

Hard to believe sales are slower than expected in a plant that produces a product for a gimmick car that has virtually no demand…who could have seen this coming??

Sadly this is just one of many and not even the worst, this plant seems to have a real product, even if nobody wants it and people who actually care…so that is a least refreshing. Maybe we can get these people to work together to turn the propellers at the nearest wind farm instead of creating batteries!! It seems that they would both have a similar effect.

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I'm confused. Was it a Stimulus or a Bail Out?

 

For the record, I have been consistent in stating that I was Philosophically against the Stimulus (especially for the Auto Companies), but recognized that Reality was getting getting in the way of my Philosophy. At the time I said it was preferable to a hard crash that would have resulted in no Government action. Government action is supposed to avoid or result from a Market Failure. And 4 years ago there was a clear Market Failure. I did not and do not feel that the Government should have owned any part of any company as a result. Furthermore, the Government Action should not be evaluated based solely (nor even primarily) on the direct dollar payback from the "loans". The Government isn't in the business of profiting from their policies. The Quantitative analysis of Public Policy must go deeper than just trying to profit from an "investment".

 

Also I don't know why Obama gets to claim credit for TARP (nor criticize Congress for leaving Washington to campaign) since he scoffed at McCain's offer to suspend the campaigning to return to Washington to work on TARP.

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