I'm thinking that a march on Washington may be in order. Bring ropes, lots of them.
Just what is the stimulus package stimulating?
- Thread starter V-Man
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True, but what was different between the two? I mean, the basics are that the government was spending money that they didn't have, deferring those costs for future tax payers, and putting to people to work with that money. The only difference I can see is the size. The money flowing into the economy from the government due to the war effort was much much larger then the money from the New Deal.
Would it be logical to say that if the money put into the economy from the New Deal was on the same order of magnitude as the war effort, that it would have succeeded too? Interesting question there... Since money spent during war time is rarely challenged it is easier to spend lots of it and quickly.
True, but decreasing taxes to all companies does not necessarily mean a savings of jobs. You hire people for the work that you have for them to do. If social spending shifts and changes (like starbucks) will they really keep all those people working that don't have a positive impact on the company? I think the firings are more of a response to tightening credit of the average person, and those impacts flowing up. The economic spending has shifted, not just do to the recession but also due to he mentality of Americans. Some of these shifts will not shift back to where they were before.
you need to understand that back in the day 99% of money made here stayed here.....not anymore. the new deal won't be the same if we are buying foreign cars, timber, steel....etc. additionally, in the day we could build a dam and make a bunch of jobs building something that would earn its keep and keep jobs around forever....we are not going to be building any dams....roads and bridges perhaps, but they require minimal maintainence and that can be done by current staff.
we need to have more productive citizens here, less spending there, more pride and less fluid borders.
This is just the house phase, it'll get A LOT bigger in the Senate.
wait until you see it then, you'll be really sick. Obama wants it even bigger yet.
IE: MAKE IT BIGGER!!!
This will go over 1TRILLION before its done
S
shortstop20
Well-known member
Hmmm, what happend during the last recession that hit this country? I understand that it was no where near the magnitude of the current condition or that of 1929. I don't have to wikpedia about 1929, i was raised by two survivors of the period. During the last recession it was tax cuts, and cuts in govt spending that revived our economy, lead to that president being re elected by a margin that our current pres only has wet dreams of margin of victory. 
Regarding WWII and the Depression, clearly the manufacturing and spending to support the WWII helped us out of the Depression. One should not forget that during those times American civilians gave up a lot and went without many things in support of the war effort. That spending and investment in manufacturing resulted in something sustainable; actual post-war manufacturing.
I see the parallels between the current stimulus and the above in theoretical terms, however America's economy has evolved into more of a "service" economy. I am not sure how the current stimulus plan will result in substantial, sustainable and eventually self-supported industries.
My reading of the major components of the plan lead me to believe that the short-term jobs created may not be sustainable without continued gov't support. That, to me, is the problem with the majority of the package.
I see the parallels between the current stimulus and the above in theoretical terms, however America's economy has evolved into more of a "service" economy. I am not sure how the current stimulus plan will result in substantial, sustainable and eventually self-supported industries.
My reading of the major components of the plan lead me to believe that the short-term jobs created may not be sustainable without continued gov't support. That, to me, is the problem with the majority of the package.
asu_gt, well said.
I am curious as to what markets / industries are the most sustainable and have the most amount or percentage of money staying in this country?
I would think transportation and energy would be the big one. Most people benefit from them, and they make the ability to live cheaper while keeping a larger percentage of money in the country, for the country...
Just some of my thoughts..
I am curious as to what markets / industries are the most sustainable and have the most amount or percentage of money staying in this country?
I would think transportation and energy would be the big one. Most people benefit from them, and they make the ability to live cheaper while keeping a larger percentage of money in the country, for the country...
Just some of my thoughts..
S
shortstop20
Well-known member
Good posts. 
I little light reading that sums it up fairly well for me. The government can spend your way out of a recession theory originates with this character Keynes, FDR modeled his recovery plans according to Keynesian theory.
A little further reading reveals that Keynes was as crazy as a shat house rat.
http://www.nytimes.com/2009/01/11/business/economy/11view.html?_r=1
A little further reading reveals that Keynes was as crazy as a shat house rat.
http://www.nytimes.com/2009/01/11/business/economy/11view.html?_r=1
The stockmarket crash was in 1929 and all the kings men could not end it with all their government projects of Roosevelt but extended it to the point it was the war and after 1942 before it ended, over 13 years, how do you think the american whiners could take a 13 year recession. They are sure going nuts after a few months. SZwampy
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