Economics: Liberal style

http://www.examiner.com/american-po...d-unemployment-insurance-will-grow-us-economy

what a fucking idiot! Seriously, how do you respond to something this stupid?

The Reagan revolution and 30+ years of conservative policies have pounded America's economy down to consumerism.

So food stamps and employment are sound demand side stimulus.


Mere parsimony (frugality, stinginess) is not economy. Expense, and great expense, may be an essential part in true economy.
Edmund Burke
 
Maybe one of you keynesians can produce a chart to show us how this works?

Sure!

In his July 24, 2008 testimony before the House Committee on Small Business, Mark Zandi, chief economist and co-founder of Moody's Economy.com, presented this chart:

cnn-20090127lg.jpg


All the Candidate’s Economists: McCain’s Team

Sen. John McCain released a list of his advisory committee of economists Thursday. The list includes some well-known business economists.

Mark Zandi, chief economist at Moody’s Economy.com, is one of the most widely quoted economists in news articles. In an interview, he said he became involved with the campaign over a year ago through Kevin Hassett, a scholar at the American Enterprise Institute and adviser to Mr. McCain in 2000.
 
The Reagan revolution and 30+ years of conservative policies have pounded America's economy down to consumerism.

So food stamps and employment are sound demand side stimulus.


Mere parsimony (frugality, stinginess) is not economy. Expense, and great expense, may be an essential part in true economy.
Edmund Burke

But the keynesian model ignores the opportunity cost (of the taxes needed to fund the giveaway) to consumers and business.

The stimulus point is undeniable, but food stamps won't lead to job creation either in the long term or short term. All they do is lead to increased revenues in food industry so long as the stamps keep coming. How are the jobs created? I would love to see the arguments on paper. Simply linking a pdf file for econ 101 description of Keynesian basics doesn't even come close to explaining how temporary influx of food stamps is going to lead to job being created.

Did you guys even understand the question?
 
The September jobs report was just released and demonstrates that America is on a far slower path to recovery than anyone originally predicted. Despite this, the shedding of government jobs cloaks a glimmer of hope: more private sector jobs have been created this year than during the entire Bush administration. Read that again: 2010 has had more private job creation than during the entire 8 year tenure of George W. Bush.

This is the 9th straight month of private sector job growth in the midst of a devastating recession that has put a serious strain mostly on the poor and middle class. There has been a total of 863,000 private sector jobs created in 2010, exceeding the total created under the Bush/Cheney regime.

The numbers are not all good however. Companies added 64,000 jobs last month, but after the loss of 159,000 government jobs at all levels, there was a net shedding of ~95,000. The fading influence of the American Recovery and Reinvestment Act (ARRA or the economic stimulus) is causing much of the strain on the job market, as state and local governments still strained by poor revenue are cutting positions, particularly in education.

This is also the central agent that has caused the overall net job loss for the last four months, following a net gain for the first 5 months of the year. The net jobs gained during 2010 stands at 613,000, which is over half of the 1,080,000 jobs were created during the entire time George W. Bush was in office.


http://newsjunkiepost.com/2010/10/0...reated-in-2010-than-during-entire-bush-years/
 
But the keynesian model ignores the opportunity cost (of the taxes needed to fund the giveaway) to consumers and business.

The stimulus point is undeniable, but food stamps won't lead to job creation either in the long term or short term. All they do is lead to increased revenues in food industry so long as the stamps keep coming. How are the jobs created? I would love to see the arguments on paper. Simply linking a pdf file for econ 101 description of Keynesian basics doesn't even come close to explaining how temporary influx of food stamps is going to lead to job being created.

Did you guys even understand the question?

Food stamps and unemployment will do little to create 'new' jobs, but the money that goes to families will go directly back into the economy, keep many homes from going into foreclosure and keep people from living in 2010 Hoovervilles. So it will certainly help preserve existing jobs.

What right wing conservatives ALWAYS ignore is the human cost and capital. Their morally bankrupt punishments require some group of human beings to evaporate.

During the Great Depression conservatives raised the same objections to F.D.R.’s programs. They said the economy must be left alone and it would correct itself in the long run. Commerce Secretary Harry Hopkins shot back: “People don’t eat in the long run. They eat every day.”

"Republicans care more about property, Democrats care more about people"
Ted Sorensen - President Kennedy's Special Counsel & Adviser, and primary speechwriter
 
"Despite this, the shedding of government jobs cloaks a glimmer of hope: more private sector jobs have been created this year than during the entire Bush administration. Read that again: 2010 has had more private job creation than during the entire 8 year tenure of George W. Bush."

I'll bet anything that local Bush & Dobbs lover tinfoil didn't know that.
 
http://www.examiner.com/american-po...d-unemployment-insurance-will-grow-us-economy

what a fucking idiot! Seriously, how do you respond to something this stupid?

Did you even read the article?

(Excerpt) Like all liberals and most Democrats, she believes in the lunatic concept of subsidizing people in order to get them out of their joblessness and economic hardship. Clearly, Pelosi—that San Francisco values 70-something—doesn’t understand psychology either, because subsidizing people with food stamps and more unemployment insurance just discourages them from finding jobs and pulling themselves out of the hole. It’s a fact.

According to the Cato Institute (a libertarian think-tank) and even that disreputable pseudo-economist that the liberals love to cite, Paul Krugman, giving people more unemployment benefits and insurance only leads to keeping them jobless longer and unmotivated to look for work longer. The elementary, psychological reason is that people who receive extended unemployment benefits are shielded from the full effects of unemployment. Thus, they are not as likely to look for work than if they were not getting a steady check that keeps coming in. If you don’t agree with or understand this basic concept of economics as well as human psychology, then you’re just hopeless! (End)

All crap. First of all, anyone who thinks a normal, healthy person is going to be content living on food stamps and unemployment has never lived on food stamps and unemployment. Living on food stamps and unemployment is being in a hole.

As for the second paragraph and not understanding human psychology that's about as dumb as dumb can get. Of course a starving person is going to be more motivated to find employment just as they will be more motivated to lie and cheat and steal. Maybe if we tortured unemployed people they'd try harder to find employment?

The truth about human psychology is if a person is treated like crap they're much more likely to treat others like crap.

Talk about being hopeless. The author knows little about economics and absolutely nothing about human psychology.
 
But the keynesian model ignores the opportunity cost (of the taxes needed to fund the giveaway) to consumers and business.

The stimulus point is undeniable, but food stamps won't lead to job creation either in the long term or short term. All they do is lead to increased revenues in food industry so long as the stamps keep coming. How are the jobs created? I would love to see the arguments on paper. Simply linking a pdf file for econ 101 description of Keynesian basics doesn't even come close to explaining how temporary influx of food stamps is going to lead to job being created.

Did you guys even understand the question?

And of course the fact that is ignored is rampant food stamp fraud :) Of course that does create more jobs for drug dealers~
 
Yes, let's end all aid to the hungry and homeless because there might be fraud.

Moron.

More than a billion a year in fraud isn't a might be asshole :)

The fact that anyone thinks food stamps stimulate an economy are the real morons...moron

No one said to stop programs for the needy either ...asshole :)
 
More than a billion a year in fraud isn't a might be asshole :)

The fact that anyone thinks food stamps stimulate an economy are the real morons...moron

No one said to stop programs for the needy either ...asshole :)

Nice to see that your Christian sense of charity and kindness are shining through.

As usual.
 
Food stamps and unemployment will do little to create 'new' jobs, but the money that goes to families will go directly back into the economy, keep many homes from going into foreclosure and keep people from living in 2010 Hoovervilles. So it will certainly help preserve existing jobs.

What right wing conservatives ALWAYS ignore is the human cost and capital. Their morally bankrupt punishments require some group of human beings to evaporate.

During the Great Depression conservatives raised the same objections to F.D.R.’s programs. They said the economy must be left alone and it would correct itself in the long run. Commerce Secretary Harry Hopkins shot back: “People don’t eat in the long run. They eat every day.”

"Republicans care more about property, Democrats care more about people"
Ted Sorensen - President Kennedy's Special Counsel & Adviser, and primary speechwriter
HEY YOU STUPID FUCK, I DIDN'T SAY NOT TO GIVE THE POOR FOOD STAMPS!
I JUST OBJECT TO FALSE ECONOMIC THEORIES LIKE FOOD STAMPS BEING THE BEST WAY TO CREATE JOBS.
THOSE ARE THE WORDS OF PELOSI
 
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