Economic recovery package before Congress"would provide massive fiscal stimulus."

[Mick Jagger]

This statement implies that you think all of the spending in the bill is justified, well informed, and needed.

I'll take that to mean that you can't actually point out any pork in the Bill, so that it may be discussed by intelligent well educated fair minded patriotic gentlemen.

PS: CBO director Douglas Elmendorf believes it will provide a "massive fiscal stimulus."

 

[Mick Jagger]

...you think all of the spending in the bill is justified, well informed, and needed.

CBO director Douglas Elmendorf believes it will provide a "massive fiscal stimulus."

 

[fossten]

They're actually the CBO's estimates of the effects of the Senate legislation on GDP and employment that encompasses a majority of economists’ views.

Thanks for confirming my statement.

 

[fossten]

They're actually the CBO's estimates of the effects of the Senate legislation on GDP and employment that encompasses a majority of economists’ views.

That's a misleading statement. The majority of economists actually think that any stimulus, as long as passed quickly, will help. They don't necessarily support this 'stimulus.'

Henny Penny could not be reached for comment.

Government doesn't create money, it only confiscates it. Whatever money the government spends to 'stimulate' the economy is money that is taken from the private sector. Any time money is filtered through a bureaucracy, some of it is lost. A cow cannot survive by feeding on its own udder.

 

[fossten]

That''s a lie. The report says no such thing.

That''s another lie. The report says no such thing.

You're the liar.


http://www.washingtontimes.com/news/2009/feb/04/cbo-obama-stimulus-harmful-over-long-haul/

http://www.cbo.gov/ftpdocs/99xx/doc9958/01-08-Outlook_Testimony.pdf

 

[Mick Jagger]

Government doesn't create money...

The Fed creates the money. I know this because I passed "Introduction to Economics" at NTSU. Dick Armey taught the class.

 

[Mick Jagger]

You're the liar.

Get a hair cut and go try to find a job...

 

[Mick Jagger]

That's a misleading statement. The majority of economists actually think that any stimulus, as long as passed quickly, will help. They don't necessarily support this 'stimulus.'

I trust the CBO when it said that the "CBO has developed a range of estimates of the effects of the Senate legislation on GDP and employment that encompasses a majority of economists’ views."

 

[Mick Jagger]

Government... only confiscates it.

Government can borrow money. I know this because I passed "Into to Economics", and Dick Armey taught the class.

 

[Mick Jagger]

Thanks for confirming my statement.

Have you found a job yet?

 

[shagdrum]

Mick baby is your thorn not mine.
I wouldnt waste my time with him.

I didnt think you would....is he not on your ignore diaper?

Nice attempt to deflect.

I wasn't talking about him, I was talking about you, and you know it. Now you seem to be trying to mischaracterize me (no suprise there).

 

[MonsterMark]

If only Obama would listen to himself speak here.

It is only 1 minute long, but the last 10 seconds would save America again.

The solution is in front of his face yet Obama is doing the exact opposite


YouTube - Obama prefers Ronald Reagan over Bill Clinton

 

[Mick Jagger]

JANUARY EMPLOYMENT REPORT

With job losses mounting and the recession deepening, there is no time to waste enacting the economic recovery package now before the Congress. That package will provide needed benefits to unemployed workers, and it would help stem the tide of job losses and moderate the severity of the downturn.

The recession that began in December 2007 has entered its 14th month, and the economy continues to hemorrhage jobs. The Congressional Budget Office estimates that without a recovery package the unemployment rate will reach 9.0 percent in the fourth quarter of this year and will be down only to 7.5 percent two years later. The recovery package cannot end the recession immediately but it can limit the increase in unemployment and boost the number of jobs substantially above what it otherwise would be over the next several years. Meanwhile, labor market conditions are grim.