Keynsian spending

Althea said:
Let's all ignore the fact that the worst issue facing the Stimulus, was the rush to get money to each state that came begging.

There were quite a few Red states that created very few jobs, but used to money to balance their budgets.

Then they bragged about a balanced budget, while hailing the failure of the Stimulus.
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Virginia spent it on teachers (some teachers).
Bloo states did their share as well.
 
Celticguy said:
The donkeys forgot that JFK lowered taxes.
Not the same program.
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Not following the connection. If gov't is suppose to be the massive driver of economic growth and in control of all infrastructure why even have a Republican Party? (Or party that claims to support markets and limited gov't)
 
Establishment said:
Technically, the economy is still bad, and we could use the specific infrastructural maintenance, rather than just paying people to pick-up trash and dig ditches.
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Infrastructure works worked in our past. We need it again. Enough with spending billions on wars in the ME, we need to build America. After WWII we did this and we entered a golden age. It can be done again.
 
Seahawk said:
Infrastructure works worked in our past. We need it again. Enough with spending billions on wars in the ME, we need to build America. After WWII we did this and we entered a golden age. It can be done again.
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We got really cool projects, from the Erie Canal, to the Transcontinental Railroad, to the Hoover Dam, to the Interstate Highway System. None of these projects stimulated the economy of their day, although they were extremely useful. The postwar economy was a product of the rest of the world being bombed-out and wrecked.
 
Establishment said:
We got really cool projects, from the Erie Canal, to the Transcontinental Railroad, to the Hoover Dam, to the Interstate Highway System. None of these projects stimulated the economy of their day, although they were extremely useful. The postwar economy was a product of the rest of the world being bombed-out and wrecked.
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You don't think any of those things stimulated our economy?

The interstate system is a world wonder. Without it, America would not be what is. All countries follow us on this regard, well except for the retards across the pond who drive on the wrong side of the road.

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Establishment said:
We got really cool projects, from the Erie Canal, to the Transcontinental Railroad, to the Hoover Dam, to the Interstate Highway System. None of these projects stimulated the economy of their day, although they were extremely useful. The postwar economy was a product of the rest of the world being bombed-out and wrecked.
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Was listening to a podcast this morning about Krugman and his claim of the Erie Canal being a great gov't success and they spoke about how many other attempted canals were failures and boondoggles that many states codified into state law that no more canals would be built. So it doesn't take away the success of Erie but looked at on the whole the amount of money the gov't spent to get one successful canal was a horrible investment.
 
Seahawk said:
You don't think any of those things stimulated our economy?

The interstate system is a world wonder. Without it, America would not be what is. All countries follow us on this regard, well except for the retards across the pond who drive on the wrong side of the road.

Sent from my LG-D631 using Tapatalk
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No, they had zero impact on the economic struggles of their age. Following passage of the National Highway Act, there was a sizable recession. They did reach well beyond their present day to positively impact the economy.
 
Establishment said:
No, they had zero impact on the economic struggles of their age. Following passage of the National Highway Act, there was a sizable recession. They did reach well beyond their present day to positively impact the economy.
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He's using the old "only the government can do it" argument and it's the same argument some Trump supporters have tried to use building a wall with Mexico that it would have a stimulative effect.
 
cawacko said:
Now why is Trump going into the Democratic/Keynesian playbook for a solution?
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It isn't the Dem playbook. It's the Republican playbook.

Cut revenue, and increase spending

Then, when you've totally fucked the economy, blame Democrats who are hired to fix the mess.
 
cawacko said:
Was listening to a podcast this morning about Krugman and his claim of the Erie Canal being a great gov't success and they spoke about how many other attempted canals were failures and boondoggles that many states codified into state law that no more canals would be built. So it doesn't take away the success of Erie but looked at on the whole the amount of money the gov't spent to get one successful canal was a horrible investment.
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Wrong. What the Erie canal did, was to prove that the private sector cannot be counted on to fund important projects that won't yield a rapid ROI.

In its day, the Erie canal was one of the most important advances with respect to opening up commerce between states.
 
cawacko said:
I read a recent Krugman column so this was on the brain. The basic Keynesian belief is when the econony is in trouble the gov't needs to step in and help the economy out with spending correct? Then when the econony is good we reduce spending.

So in our supposed good/excellent econony Krugman and our two Democratic Presidential candidates are proposing massive gov't spending on infrastructure.

What is the Keynesian argument for this other than a general belief that it's always a good time for more gov't spending?
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because you fucktards refused to keep the house in good order while you crashed the economy and lied us to war
 
the right wing shit heads refused to repair the roof and upgrade the plumbing and electrical after you cheated your way into the office.



instead you got out kids killed so chenney could have ME oil profits
 
Althea said:
It isn't the Dem playbook. It's the Republican playbook.

Cut revenue, and increase spending

Then, when you've totally fucked the economy, blame Democrats who are hired to fix the mess.
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Huh? Nice random response to what's not being discussed
 
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