Welcome to PatsFans.com

Conservatives agree: the stimulus worked

Discussion in 'Political Discussion' started by JackBauer, Jan 7, 2010.

  1. JackBauer

    JackBauer Pro Bowl Player

    Joined:
    Mar 3, 2005
    Messages:
    16,123
    Likes Received:
    285
    Ratings:
    +673 / 6 / -9

    Well, at least the American Enterprise Institute does:

    AEI Says Stimulus Boosted Economy By 4% | The New Republic

    First one to invent an excuse to downplay this wins!
     
  2. PatriotsReign

    PatriotsReign Hall of Fame Poster

    Joined:
    Jan 15, 2007
    Messages:
    26,670
    Likes Received:
    143
    Ratings:
    +387 / 3 / -15

    #18 Jersey

    Nice try Jack....

    Yes, it worked. The stimulus ARTIFICIALLY inflated the economy. But since "bubbles" or over-inflation of our economy AND excess debt is the disease that caused this mess, is that a good thing?

    The real estate market is likely headed toward a "double-dip" decline. Part of the reason it didn't dip further is due to the first time home buyer's credit. The BEST thing for the RE market would be for it to find it's natural bottom. That is when home sales will truly turn around.

    Bandaids Jack....just bandaids.
     
    Last edited: Jan 7, 2010
  3. JackBauer

    JackBauer Pro Bowl Player

    Joined:
    Mar 3, 2005
    Messages:
    16,123
    Likes Received:
    285
    Ratings:
    +673 / 6 / -9

    Tautology? That's the entire point of an economic stimulus. It's like arguing that defibrillators ARTIFICIALLY revived the patient in cardiac arrest.

    I disagree. What got us into this mess was unfettered greed combined with a lack of regulation and oversight. How does the national debt figure into the equation?
     
  4. PatriotsReign

    PatriotsReign Hall of Fame Poster

    Joined:
    Jan 15, 2007
    Messages:
    26,670
    Likes Received:
    143
    Ratings:
    +387 / 3 / -15

    #18 Jersey

    Are you asking me this because you want to know?

    You tell me how you think it figures in and I'll let you know if you right.

    The RESULT of greed and lack of regulation was the largest bubble economy in US history....that's not debateable Jack. Personally, I believe allowing the markets to find their natural bottom is the shortest way out. That said, I also believe we need much more regulation of the financial markets.

    I believe in the old ways of lending money. Either you are qualified or you're not. In good times or bad, the standard should be the same.

    From a common sense perspective, high deficits aren't good for the economy. Micro it down to a personal level and we'll agree it's not a good idea to carry excessive debt. Why would be ok on a macro-national economic perspective?
     
    Last edited: Jan 7, 2010
  5. JackBauer

    JackBauer Pro Bowl Player

    Joined:
    Mar 3, 2005
    Messages:
    16,123
    Likes Received:
    285
    Ratings:
    +673 / 6 / -9

    Look, I agree with much of what you've said. Obama has stated that the next SOTU address will focus on policies and ideas to reduce the budget deficit.

    But look at it from his perspective. You can't just come out and say "I realize many of you are suffering right now, but really the best thing for all of us is to do absolutely nothing and let things run their course."

    With all of the ginned up outrage directed at Obama about this and that, can you imagine what things would be like now if everyone had merely sat on their hands? My perspective was that the stimulus was a worthy and effective short-term instrument to keep the economy afloat. That doesn't at all mean that there aren't deeper structural and systemic issues that will need to be corrected in the future.
     
    Last edited: Jan 7, 2010
  6. Real World

    Real World Moderator Staff Member

    Joined:
    Aug 15, 2006
    Messages:
    27,144
    Likes Received:
    223
    Ratings:
    +534 / 6 / -2

    Handing a homeless guy a $100, and sending a into a store to spendi t, is "stimulus". Anytime someone injects $700 or so Billion into the economy, there will obviously be some sort of artificial bump. The point of contention for most, is how that money is spent, as opposed to simple spending it. Are you better off handing it to the homeless drunk, or investing it to rehab and old bridge, or school. I'd think the latter makes more sense than the former. Afterall, once the homeless drunk consumes the Slim Jims, Twinkies, and a couple of bottles of hooch, there isn't much left moving forward.
     
  7. PatriotsReign

    PatriotsReign Hall of Fame Poster

    Joined:
    Jan 15, 2007
    Messages:
    26,670
    Likes Received:
    143
    Ratings:
    +387 / 3 / -15

    #18 Jersey

    Well, we prolly agree on more than meets the eye. I'm actually more ok with the stimulus than I am with bailing out the banks and the auto co's. I think we could have allowed more big banks to fail. But it's too late

    I agree with your point regarding Obama being in a lose/lose situation with bailouts/stimulus'....I don't envy him at all. I also believe that when all is said & done, this will shake out well for the people. We've sent a strong message to our representatives and this will continue in the voting booths in the next 3 years. That message will be loud & clear and fairly simple....

    "Politicians have no inherent rights to run the country as they see fit. Our opinion is important, and you better listen"
     
    Last edited: Jan 7, 2010

Share This Page

unset ($sidebar_block_show); ?>