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Reply #2: Which means it is a failure. [View All]

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Statistical Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-06-09 06:38 AM
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2. Which means it is a failure.
If I give you $1000 today that would create some stimulus.
If I give you $3 per paycheck for next 3 years it would not.

The majority of the "stimulus" bill was not stimulus. It was normal spending put in a box with the word stimulus on it.

We could have done real stimulus but politicians saw it as a chance to get their pet projects through using the crisis as leverage. Politics as usual.
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  -Only 10% of the Stimulus Package has been spent ThomWV  Jul-06-09 06:09 AM   #0 
  - Isn't it a failure that its taking so long to spend the stimulus?  dkf   Jul-06-09 06:27 AM   #1 
  - They knew it would take awhile to get the money out - thats why they acted immediately  stray cat   Jul-06-09 08:25 AM   #8 
  - Which means it is a failure.  Statistical   Jul-06-09 06:38 AM   #2 
  - To the two replys above - how long would it take you to spend a trillion dollars?  ThomWV   Jul-06-09 07:24 AM   #3 
  - No serious economist thinks the stimulus was even stimulus.  Statistical   Jul-06-09 08:23 AM   #7 
     - Yup, China has it all over us on how to stimulate an economy.  dkf   Jul-06-09 08:34 AM   #9 
        - Of course that doesn't even cover the cost of the "non stimulus"  Statistical   Jul-06-09 08:39 AM   #10 
           - I didn't realize that medicare/medicaid was already our #1 budget  dkf   Jul-06-09 09:38 AM   #11 
  - No, a failure would be if....  chrisa   Jul-06-09 07:49 AM   #4 
  - No, a failure would be if....  chrisa   Jul-06-09 07:49 AM   #5 
  - True, but the "stimulus" money is only a small portion of what's been spent to revive the economy.  MercutioATC   Jul-06-09 07:52 AM   #6 
  - Dean Baker has a different take  hfojvt   Jul-06-09 09:45 AM   #12 

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