Replies to post #99823 on Tornado Alley (PROG)

[StephanieVanbryce]

My point is that without jobs there is no revenue, therefore, this statement of yours is off the mark .. OR simply shortsighted...

it isn't a jobs bill, it's an increase debt and spend bill, there's a difference. When the spending ends, so do the jobs.

At one time in this country we had a 25% unemployment rate .. what worked was NOT a reduction in government spending BUT an increase in spending ... we had direct government action in creating the WPA and the CCC... then later in the forties we even had for God's Sake - more spending on a buildup of the military....

All this resulted in about a 48% increase in the GDP AND it was due to the direct result of government spending ... needless to say the unemployment rate dropped. ..Stimulus now, Austerity after recovery...and of course back to strict regulation ....

to me so far, It's looks like Obama admn. can give itself a D... IF IT is different this time ... then we don't know the outcome, of course... I just do not see how high unemployment ..reductions in government spending ..NO tax increases - will give us anything resembling a strong recovery ...I sure hope they get off the slow boat to China on some of these things .. ......

[decouverte d Elbe]

It depends on how you spend the money. I agree that if you spend like the last administration did, which was basically following the principles of massive government revenue deduction, while adding unprecedented corporate welfare, which skyrocketed through the roof to unimaginable abuses, then your observations are correct. The policies of the last administration were so damaging, and the fact that they had no corrective course of action, that it was a formula for the complete collapse of the economy, which incidentally would have happened had it been strangled with smarter people at the helm. Now if you can increase government revenues, by actions like eliminating the annual 60 billion$ welfare for student loans given to banks, and replace it with sound fiscal management, you have a chance to overturn the horrid GOP policies that have severely damaged our economy. If a new job means that new hire spends money for donuts in the morning, then the donut maker can tip the waitress, and the waitress can pay her landlord, and the landlord can take a vacation...see how it works!! And everyone in the velocity chain gets the privilege of adding to the revenues in the country!! Of course if you are a politician, and your constituency doesn't understand how a successfull economy works, then you can call job creation waste and such, since the GOP prefer to give away money instead of making it work for the country. Putting the war on a credit card wasn't an act of sacrifice, since they gave away so much elite welfare during their administration. Just ask BP. Noone says that it's going to be easy, as long as we don't do it the Republican way, and look to cut their fat non-revenue producing dependancy on big government, we just might have a chance one day to get out of this stinking disaster, before other GOP legacys comes back to haunt this economy. This is a long project, thanks a lot! I'll take a jobs bill, over free public drilling on government land unregulated, unsupervised, oil and mining welfare anyday. The last Resident was an opportunist. This current President is actually running the country somewhat soundly for a change. Not with a personal agenda, like Bush, but a world agenda, which is basically damage control no matter how you slice it. Aren't you proud that GM and the banks are payed up almost, with interest? Now how do we collect off of the rest of the GOP big welfare recipients? Any ideas?