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the success of the bush tax cuts
On Jun 15, 1:51*pm, wrote:
On Wed, 15 Jun 2011 07:46:12 -0400, BAR wrote: In article , says... On Tue, 14 Jun 2011 16:16:47 -0600, Canuck57 wrote: On 14/06/2011 3:03 PM, wrote: On Tue, 14 Jun 2011 14:26:07 -0600, wrote: On 14/06/2011 11:14 AM, wrote: On Tue, 14 Jun 2011 08:21:23 -0400, * wrote: In , says... On Mon, 13 Jun 2011 20:01:07 -0400, * wrote: In , says... On Sun, 12 Jun 2011 17:22:54 -0600, wrote: On 11/06/2011 6:31 PM, wf3h wrote: On Sat, 11 Jun 2011 11:40:36 -0600, wrote: meaningless. and, of course, your method was tried it was called the depression of 29 ever hear of it?? Actually, you dumbsh1t fleabaggers says the right winger with a reader's digest view of economics should read. *In 1929 they tried to spend out of it. *In 1933 they realized after the 1932 crash that fleabagger debt spend does not work. *Took 6 years of restraint to cover the debts and recovery was slow. really? uh...why did the depression end in 39? did something happen in 39? uh yeah...the US started to spend for ww2 canuck's moronic view of economics is exceeded only by his ignorance of history It was something called lend lease that got the factories moving again. So, money was spent by the US gov't. This stabilized the economy. Thanks for the confirmation. It was just like any other business deal. The corporations were told that if they made and sold the items now they would get some money down the road. This loaded up the companies billables and they could use that to borrow against. Which is exactly what happens when the gov't pumps money into the economy for things like the STIM. Jobs are created and people pay taxes. Same with the GM/Chrysler bailouts. All those people are still employed and paying taxes. The best bang for your buck (other than a war) are things like food stamps. That money returns to the economy immediately, and is a net positive, esp. in the short term. Look up the fine print of lend lease. *First, it was less than a trillion dollars to end a decade long depression. *Very, very cheap and efficient compared to Obamanomics. *And no government debt for it. |
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