Stimulus

Originally posted by karnachz
Has Obama actually raised taxes on anyone (except the rich and corporations, which he hasn't done yet)?

the inflation tax will soon take effect

Originally posted by david haworth
the inflation tax will soon take effect

http://www.economagic.com/em-cgi/data.exe/var/inflation-cpiu-dec2dec

http://en.wikipedia.org/wiki/File:US-Inflation-by-year.png

http://www.economagic.com/em-cgi/data.exe/var/umprate-annual

Those are the figures for inflation and unemployment. It seems that war is prone to cause inflation, and the Vietnam war (combined with oil shocks) was a factor in causing the stagflation crisis in the 1970s. That's not surprising -- spending a country's resources on an activity that brings no economic gain tends to cause inflation.

Has peacetime spending on domestic infrastructure -ever- caused inflation problems? In the US, at least, it doesn't seem so. In fact, look how good the figures for inflation and unemployment were during the economically liberal post-WW2 years under Truman, Eisenhower and JFK. GDP growth was also good during this time period, plus the WW2 debt was being paid off nicely (see graph that I often cite).

Originally posted by karnachz
http://www.economagic.com/em-cgi/data.exe/var/inflation-cpiu-dec2dec

http://en.wikipedia.org/wiki/File:US-Inflation-by-year.png

http://www.economagic.com/em-cgi/data.exe/var/umprate-annual

Those are the figures for inflation and unemployment. It seems that war is prone to cause inflation, and the Vietnam war (combined with oil shocks) was a factor ...[text shortened]... this time period, plus the WW2 debt was being paid off nicely (see graph that I often cite).

inflation in the 70s was caused by our abandonment of the gold standard. you're looking at inflation in terms of a rise in prices which is simply wrong, inflation is an increase in the supply of money or credit. at some point in our history, we produced enough to keep up with our bloated government spending. those days of production and savings are over, we now have to borrow money from the chinese to pay for these stimulii and they're eventually going to realize that we are giving them nothing more than paper

http://en.wikipedia.org/wiki/File😀ollar_value_chart.gif

Originally posted by david haworth
inflation in the 70s was caused by our abandonment of the gold standard. you're looking at inflation in terms of a rise in prices which is simply wrong, inflation is an increase in the supply of money or credit. at some point in our history, we produced enough to keep up with our bloated government spending. those days of production and savings are ov ...[text shortened]... iving them nothing more than paper

http://en.wikipedia.org/wiki/File😀ollar_value_chart.gif

The Chinamen may want some of our public lands as payment. What do we tell them then?

Originally posted by utherpendragon
what?! you said obama did not say such and such.I show you the quote,you call me ignorant. real mature.

You know you have beaten them when the labels start spewing.

Originally posted by joe beyser
You know you have beaten them when the labels start spewing.

its an age old tactic of the Stateist

Originally posted by joe beyser
The Chinamen may want some of our public lands as payment. What do we tell them then?

some of our public lands?

Originally posted by sh76
Ultimately, the economy turns on consumer confidence. If you pump a trillion dollars into the economy but employers don't believe that this is a fundamentally good thing in the long run, the job creation effect of the stimulus is going to be minimal.

Granted, it's early. I'm willing to give Obama at least another 6 months before I judge his performance on th ell, maybe it would have been worse if..." By that standard, you can never judge anything.

Hah! Since when do employers care about what's "fundamentally a good thing in the long run"?

Besides, I'm not saying I agree with the stimulus plan. I think that even in a time of crisis, the budget deficit should be limited to 5% at most. Obama should raise the taxes for the top 25% earners immediately. However, to say that the stimulus package is not creating any jobs on the short term is bizarrely delusional.

Originally posted by KazetNagorra
Hah! Since when do employers care about what's "fundamentally a good thing in the long run"?

Besides, I'm not saying I agree with the stimulus plan. I think that even in a time of crisis, the budget deficit should be limited to 5% at most. Obama should raise the taxes for the top 25% earners immediately. However, to say that the stimulus package is not creating any jobs on the short term is bizarrely delusional.

they're unproductive jobs that arent worth anything. digging holes and filling them back up type of thing

Originally posted by david haworth
they're unproductive jobs that arent worth anything. digging holes and filling them back up type of thing

So you do know all the jobs that were created by the stimulus plan?

Originally posted by KazetNagorra
So you do know all the jobs that were created by the stimulus plan?

No, but i do know that none of the jobs are in manufacturing. Fixing potholes and bridges is a burden on the economy because it costs money and doesnt produce anything that we can export. I also know that the government doesnt know where the jobs should be allocated

Originally posted by KazetNagorra
Hah! Since when do employers care about what's "fundamentally a good thing in the long run"?

Since they determine whether it's a safe climate in which to expand their businesses. If they think the economy is recovering, they're more likely to expand their businesses. If they think the stimulus package won't help, they're less likely to do so.