Money is like energy. It can be used more or less efficiently, but it does not simply vanish, with no effect. Anyone tided over with extended unemployment benefits, tax reductions, teachers, police and firemen not laid off were benefitted.
Of course the righties don’t accept this, but a more massive stimulus would likely have improved our situation. Obama’s $785B package was as large as could have been done, given the opposition in the senate, and did not provide the optimum boost.
The righties say that all will be well if we cast off the “ballast.” We’ve been doing that since the 1980’s, and in many respects the lack of regulation made the crash and crisis worse this time, together with ill conceived tax reductions going up against two wars purchased on the national credit card. And now the hue and cry is to cut government spending. And likely choke the recovery.
The rule is simple,and Dave Ramsey like in its common sense.
In good times (like the late 90’s, early 00’s) increase revenues and put them on the debt.
In bad times, the government uses its credit to tide us over, and maybe even get the economy going again.
Our Tea Party friends have it bassackwards.
The “job creators” have had the landscape tilted their way for some time now. That path to prosperity has played itself out, a product of the crash.
Of course, private enterprise is the primary engine of the economy. A strong middle class puts the fuel from its pocketbook into the engine to make it run. Right now the fuel supply is weak, and we seem to be making it weaker.
The widget maker won’t hire more workers because he does’t see a demand. Coddling the billionaires (to quote one) doesn’t get us off of this dime.
Money is like energy. It can be used more or less efficiently, but it does not simply vanish, with no effect. Anyone tided over with extended unemployment benefits, tax reductions, teachers, police and firemen not laid off were benefitted.
Of course the righties don’t accept this, but a more massive stimulus would likely have improved our situation. Obama’s $785B package was as large as could have been done, given the opposition in the senate, and did not provide the optimum boost.
The righties say that all will be well if we cast off the “ballast.” We’ve been doing that since the 1980’s, and in many respects the lack of regulation made the crash and crisis worse this time, together with ill conceived tax reductions going up against two wars purchased on the national credit card. And now the hue and cry is to cut government spending. And likely choke the recovery.
The rule is simple,and Dave Ramsey like in its common sense.
In good times (like the late 90’s, early 00’s) increase revenues and put them on the debt.
In bad times, the government uses its credit to tide us over, and maybe even get the economy going again.
Our Tea Party friends have it bassackwards.
The “job creators” have had the landscape tilted their way for some time now. That path to prosperity has played itself out, a product of the crash.
Of course, private enterprise is the primary engine of the economy. A strong middle class puts the fuel from its pocketbook into the engine to make it run. Right now the fuel supply is weak, and we seem to be making it weaker.
The widget maker won’t hire more workers because he does’t see a demand. Coddling the billionaires (to quote one) doesn’t get us off of this dime.