"Did the stimulus work? A review of the nine best studies on the subject"

[rudder]

Older article, but still relevant...

http://www.nytimes.com/2010/09/26/us/26stimulus.html

I picked this one out because I am familiar with the area mentioned in the article. The stimulus money was used to employee a large number of people in Perry county, Tn whose unemployment rate as 25%. After the stimulus money was gone and it was realized that all these jobs creating nothing of substance other than to have people work, the layoffs began again. The only thing that save them from going back up to 25% unemployment was an IT call center the state (tax incentives program) was able to bring to the county.

 

[nick1985]

LOL. Would love to see his, Projo, and Spidey's tax returns. I can't imagine all 3 combined make over 30k.

I see this a lot, especially with Spidey...people claiming he doesn't make anything.

Why the obsession on here with taking that and running with it, when its most likely not true?

Hell I even get it, people claiming I don't make anything and I must live at home. Seems a lot of lefties here love to accuse people who disagree with them as being poor...I just dont understand it.

lol

 

[Craig234]

I think this whole thing misses the point: Did the Stimulus as enacted give us the best bang for the dollar?

These studies don't even address that question.

I went out and had a great steak. But that misses the point, another steakhouse had more bank for the buck, so mine doesn't count.

So who cares if the stimulus worked? If there was any way it might have been better, then who cares if it worked?

Another very important question IMO is does this Stimulus have long lasting effects? You spend govt money on a govt job and when that money runs out you lose the job. OTOH, if you create a private sector job, if successful that job create enough profit to continue on practically indefinitely. I believe this stimulus primarily (if not almost exclusively) just allowed for some state/local jobs to continue. Surely the state/local govts would have been harder hit by layoffs. But now that the money has run out, the jobs will be lost anyway.

Fern

That's pretty wrongheaded. All kinds of government employment creates long-term benefits for the economy, and all kinds of private sector does not.

In a downturn, it's largely about keeping the economy going, and short-term is ok for that.

 

[Atreus21]

LOL. Would love to see his, Projo, and Spidey's tax returns. I can't imagine all 3 combined make over 30k.

...This is a curious direction for you lefties to take. Aren't you always equating righties with rich corporate interests with their eye only on keeping the poor man down?

I mean, I knew it was all complete nonsense, but you'd think you guys would at least pretend to be consistent.

 

[nick1985]

All kinds of government employment creates long-term benefits for the economy, and all kinds of private sector does not.

lolz

 

[Ausm]

...This is a curious direction for you lefties to take. Aren't you always equating righties with rich corporate interests with their eye only on keeping the poor man down?

I mean, I knew it was all complete nonsense, but you'd think you guys would at least pretend to be consistent.

We are referring to their sheep not there donors. on second thought you may be correct since Corporations are now classified as people.

 

[Atreus21]

We are referring to their sheep not there donors. on second thought you may be correct since Corporations are now classified as people.

No, they're classified as having freedom of speech.

 

[Ausm]

No, they're classified as having freedom of speech.

LOLwaat? You mean the Freedom to bankroll elections.

 

[Jaskalas]

Cliffs: The stimulus worked in proportion to how big it was.

Cliffs: Spend Spend Spend! Right off the cliff. Who needs a dollar to buy food? Once it is unaffordable the .gov will buy your food for you. Everything is solved by plucking money off the money tree.

Heh, I imagine next you'll tell me printing money has no effect on the price of food, oil, etc. Afterall, housing prices are down so inflation is nill, right? Can you eat a house?

 

[NeoV]

now we are back to the 'stimulus will jumpstart inflation' thing? How's that working out for you?

 

[Craig234]

...This is a curious direction for you lefties to take. Aren't you always equating righties with rich corporate interests with their eye only on keeping the poor man down?

I mean, I knew it was all complete nonsense, but you'd think you guys would at least pretend to be consistent.

Are you that uninformed?

The right serves the wealthy/corporate agenda; they enroll all kinds of poor people, spreading propaganda and selling ideology.

That's why so many poor people will view tax cuts for billionares as moral imperitavies while increasing their taxes is theft, but they hate welfare leeches.

Obviously not everyone who SUPPORTS the right is rich. There are many dupes.

 

[Atreus21]

LOLwaat? You mean the Freedom to bankroll elections.

No, I mean freedom of speech.

 

[her209]

No, they're classified as having freedom of speech.

"Corporations are people."

-- Mitt Romney, 2011

 

[Atreus21]

Are you that uninformed?

The right serves the wealthy/corporate agenda; they enroll all kinds of poor people, spreading propaganda and selling ideology.

Baloney. The right is in the business of subjugating the masses far less than the left, who depend on keeping blacks in a perpetual state of poverty to secure their votes. What has who-knows-how-many years of well-intentioned government programs done to elevate the black underclass?

That's why so many poor people will view tax cuts for billionares as moral imperitavies while increasing their taxes is theft, but they hate welfare leeches.

If poor people support tax cuts, it's probably because they have a modicum of understanding of how money is spent, and therefore that they are better stewards of their scant resources than the government is.

Obviously not everyone who SUPPORTS the right is rich. There are many dupes.

Indeed there are many dupes.

 

[Jaskalas]

now we are back to the 'stimulus will jumpstart inflation' thing? How's that working out for you?

How do you think it's working out?

The problem is not QE1, QE2, or even QE3. It's not the stimulus we've already had. The problem is that these policies DO NOT WORK, and once the money runs out you have to keep printing it, keep pouring it, keep wasting it.

Your government run economy doesn't stop its need to be fed, and it's the extra $1 trillion thrown onto our budget each and every year that's going to kill people. You're talking another $10 trillion in debt each decade. Now we know why the Democrats attacked and killed the balanced budget amendment.

You'll find adding $1 trillion onto our already $3.7 trillion budget is impossible. Income taxes at 100% couldn't even pay for that. You're only going to get what you want through more debt, and more printing. In effect, what you're demanding is the destruction of the dollar.

 

[Atreus21]

"Corporations are people."

-- Mitt Romney, 2011

Corporations are groups of people. Being in a group abridges no rights. This applies to unions too.

 

[Ausm]

No, I mean freedom of speech.

How can you protect their Freedom of speech if they are not a human being?

 

[Atreus21]

How can you protect their Freedom of speech if they are not a human being?

Groups of people have no less freedom of speech than individuals.

 

[Ausm]

Groups of people have no less freedom of speech than individuals.

So who are the groups of people the Corporations are talking for The owners? Their Workers? Stockholders? I'm sure they wouldn't all be on the same Agenda.

 

[Thump553]

Sounds like the studies verify what Paul Krugman said from the beginning-sthe stimulus was too small (please pass the smelling salts to teabaggers).

I think the Obama Administration's economic team would have been far more effective with Paul Krugman on board, but I guess there were major personality conflicts with the existing parties (converted to plain English, they are all academic prima donnas).

I'm a bit astonished that the Washington Post would be the source of this info.

 

[Atreus21]

So who are the groups of people the Corporations are talking for The owners? Their Workers? Stockholders? I'm sure they wouldn't all be on the same Agenda.

1. What difference does that make?

2. You think unions are any different?

 

[Ausm]

1. What difference does that make?

It makes a huge difference sorry you can't understand why...

2. You think unions are any different?

Yes because they have to report how much money they contribute to an Election process.

 

[bfdd]

LOL. Would love to see his, Projo, and Spidey's tax returns. I can't imagine all 3 combined make over 30k.

lols, ^ all of you talking about this shit are retarded.

pst Jhhh got mine? I don't use credit. I could have bought a house in 06 or 07 got great rates blah blah, then I'd be ass under right now like a fucking dipshit. i didn't run a company into the ground because im not a fucking dipshit. who cares if idiots lose their valueless jobs? valuable jobs will be created in their place... or they won't. the worst that can happen is people get mad and they take it out on their politicians. THAT IS A GOOD THING, but whatevs print more worthless cash to placate the masses for another couple years.

 

[nick1985]

How do you think it's working out?

The problem is not QE1, QE2, or even QE3. It's not the stimulus we've already had. The problem is that these policies DO NOT WORK, and once the money runs out you have to keep printing it, keep pouring it, keep wasting it.

Your government run economy doesn't stop its need to be fed, and it's the extra $1 trillion thrown onto our budget each and every year that's going to kill people. You're talking another $10 trillion in debt each decade. Now we know why the Democrats attacked and killed the balanced budget amendment.

You'll find adding $1 trillion onto our already $3.7 trillion budget is impossible. Income taxes at 100% couldn't even pay for that. You're only going to get what you want through more debt, and more printing. In effect, what you're demanding is the destruction of the dollar.

:thumbsup:

 

[Atreus21]

1. What difference does that make?

It makes a huge difference sorry you can't understand why...

Please explain that to me.

2. You think unions are any different?

Yes because they have to report how much money they contribute to an Election process.

We're talking about Freedom of speech, not money contributions.