UglyCasanova
Lifer
Saw this on the WSJ forums and thought it was interesting.
To me this makes much more sense that going even further in debt for an idea that we aren't sure will work but will put a huge strain on all of us for years and years to come and possibly send inflation through the roof. And this is assuming that the recession is something that even needs to be fought. The recession might be viewed as not the problem but the cure, and the overinflated, inefficient economy that we had was what needed to be dealt with.
I just don't believe that throwing enormous sums of money around trying to reinflate it to unrealistic levels should be our goal, and we need to be thinking more long term. The politicians in Washington seem to be only concerned with the short term and stopping the job loss. Case in point, the Buy American clauses going around. This will more than likely cause retaliation and trade wars, disrupt global trade tremendously, and do far more harm both here and abroad. Do they care? It saves American jobs (and causes us to lose many, many more)!Well if the jobs are not economical, then they should go. We can build all of the infrastructure we want, create thousands of new jobs, and then what? Have we done anything sustainable? When the roads are finished are we back to square one? And how much did one of these newly created jobs cost us?
Each dollar we spend is a dollar that we will eventually have to pay. That dollar is being taken out of a taxpayers pocket and given to someone else in order to stimulate the economy. We should only hope that our return is greater with where the assets are now being allocated, compared to what the taxpayer would have invested it in. Lord knows the government is good at handling money and investing it wisely. But maybe all of the spending actually will stimulate ourselves out of the recession and hopefully into a leaner, meaner position than the one we occupied before. Hopefully the gains from it will offset the burdens it will bring.
To me this makes much more sense that going even further in debt for an idea that we aren't sure will work but will put a huge strain on all of us for years and years to come and possibly send inflation through the roof. And this is assuming that the recession is something that even needs to be fought. The recession might be viewed as not the problem but the cure, and the overinflated, inefficient economy that we had was what needed to be dealt with.
I just don't believe that throwing enormous sums of money around trying to reinflate it to unrealistic levels should be our goal, and we need to be thinking more long term. The politicians in Washington seem to be only concerned with the short term and stopping the job loss. Case in point, the Buy American clauses going around. This will more than likely cause retaliation and trade wars, disrupt global trade tremendously, and do far more harm both here and abroad. Do they care? It saves American jobs (and causes us to lose many, many more)!Well if the jobs are not economical, then they should go. We can build all of the infrastructure we want, create thousands of new jobs, and then what? Have we done anything sustainable? When the roads are finished are we back to square one? And how much did one of these newly created jobs cost us?
Each dollar we spend is a dollar that we will eventually have to pay. That dollar is being taken out of a taxpayers pocket and given to someone else in order to stimulate the economy. We should only hope that our return is greater with where the assets are now being allocated, compared to what the taxpayer would have invested it in. Lord knows the government is good at handling money and investing it wisely. But maybe all of the spending actually will stimulate ourselves out of the recession and hopefully into a leaner, meaner position than the one we occupied before. Hopefully the gains from it will offset the burdens it will bring.
