Known turncoat pops off
Comments
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Yes, Hondo I'm dying to chase after you into the weeds while you ignore everything I actually said.2001400ex said:
Bob do you want to talk about the role the collapse of banks in that time period had on the economy?SFGbob said:Why was the economy so shitty five years into the New Deal? Unemployment remained in double digits until 1941, eight years after the New policies had started. The New Deal actually retarded economic growth and crippled a strong and sustained economic recovery. Just like with Obama's recovery, all of the government spending and all of the new regulations hurt economic growth and lead to an anemic recovery.
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Ah yes, the stimulus failed because it just wasn't BIG enough and "real" Socialism just hasn't been tried yet.HardlyClothed said:
Economic lightweight. The stimulus failed because it was not nearly big enough. Needed to be $2 trillion or more but investment bankers Larry Summers and Timmy Geithner kneecapped it by capping it at $500 billion. It also included massive tax cuts that were saved instead of spent, just like always. And the foreclosure crisis that wiped out the net worth of millions of middle and lower class families.SFGbob said:Why was the economy so shitty five years into the New Deal? Unemployment remained in double digits until 1941, eight years after the New policies had started. The New Deal actually retarded economic growth and crippled a strong and sustained economic recovery. Just like with Obama's recovery, all of the government spending and all of the new regulations hurt economic growth and lead to an anemic recovery.
It wasn’t regulations moron.
The economy was out of recession in June of 2009. Given the depth of the decline the economy should have come roaring back but it didn't. Just like it didn't during the 1930s. Gosh I wonder why?
Shocking how you dodged like a Kunt every question I asked. -
I guess the jobs weren't shovel readyHardlyClothed said:The stimulus also favored short term projects over longer term investments, another reason it sucked.
Another big lie by Obama btw -
Weren't most of the "massive tax cuts" in the form of a temporary pay roll tax cut that we were told is one of the best ways to stimulate an economy because most the people getting that money will spend it immediately? Was that just another lie we were told? Now this guy is claiming the "massive tax cuts" were all just saved.RaceBannon said:
I guess the jobs weren't shovel readyHardlyClothed said:The stimulus also favored short term projects over longer term investments, another reason it sucked.
Another big lie by Obama btw
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Wow, it’s almost as if without sufficient government investment (like the Keynesian wartime economy) getting out of a recession takes longer, which is exactly what I said in my last post. It didn’t come roaring back because the $500 billion stimilus was a joke.SFGbob said:
Ah yes, the stimulus failed because it just wasn't BIG enough and "real" Socialism just hasn't been tried yet.HardlyClothed said:
Economic lightweight. The stimulus failed because it was not nearly big enough. Needed to be $2 trillion or more but investment bankers Larry Summers and Timmy Geithner kneecapped it by capping it at $500 billion. It also included massive tax cuts that were saved instead of spent, just like always. And the foreclosure crisis that wiped out the net worth of millions of middle and lower class families.SFGbob said:Why was the economy so shitty five years into the New Deal? Unemployment remained in double digits until 1941, eight years after the New policies had started. The New Deal actually retarded economic growth and crippled a strong and sustained economic recovery. Just like with Obama's recovery, all of the government spending and all of the new regulations hurt economic growth and lead to an anemic recovery.
It wasn’t regulations moron.
The economy was out of recession in June of 2009. Given the depth of the decline the economy should have come roaring back but it didn't. Just like it didn't during the 1930s. Gosh I wonder why?
Shocking how you dodged like a Kunt every question I asked. -
RaceBannon said:
I guess the jobs weren't shovel readyHardlyClothed said:The stimulus also favored short term projects over longer term investments, another reason it sucked.
Another big lie by Obama btw
Now you’re getting it -
They didn’t stimulate the economy because tax cuts never do. Try to follow along.SFGbob said:
Weren't most of the "massive tax cuts" in the form of a temporary pay roll tax cut that we were told is one of the best ways to stimulate an economy because most the people getting that money will spend it immediately? Was that just another lie we were told? Now this guy is claiming the "massive tax cuts" were all just saved.RaceBannon said:
I guess the jobs weren't shovel readyHardlyClothed said:The stimulus also favored short term projects over longer term investments, another reason it sucked.
Another big lie by Obama btw -
The austerity imposed by sequestration was also really stupid. Almost like I’m not defending Obama and his pro-banker economic team. How novel!
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Here's some of the tax cuts in the Stimulus Fraud.
Among other things, the mix of tax cuts includes a refundable credit of up to $400 per individual and $800 for married couples; a temporary increase of the earned income tax credit for disadvantaged families; and an extension of a program that allows businesses to recover the costs of capital expenditures faster than usual.
Which part of these "massive tax cuts" were saved instead of being spent? -
ARRA included $300 billion in tax cuts. Try to keep up.SFGbob said:Here's some of the tax cuts in the Stimulus Fraud.
Among other things, the mix of tax cuts includes a refundable credit of up to $400 per individual and $800 for married couples; a temporary increase of the earned income tax credit for disadvantaged families; and an extension of a program that allows businesses to recover the costs of capital expenditures faster than usual.
Which part of these "massive tax cuts" were saved instead of being spent?
