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| Obama claims his stimulus has created or saved over 150,000 jobs | |
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| Topic Started: May 30 2009, 12:03 AM (90 Views) | |
| flumes | May 30 2009, 12:03 AM Post #1 |
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CLEVELAND ROCKS!
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787,000,000 + bureaucracy = 150,000 jobs Or $5,246,666.67 for 1 job. 5 million dollors a job, and BHO is happy with his little package? Socialism. :furious: |
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| Porcu | May 30 2009, 08:13 AM Post #2 |
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"Work is the curse of the drinking classes."
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Have you Flumes, or anyone for that matter, read stuff written by Stephen Moore? I'll dig later to find some stuff and post the links here but he's brilliant IMO. |
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| Nag Ehgoeg | May 30 2009, 11:14 AM Post #3 |
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The Devil's Advocate
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Uh flumes... I don't know how to say this but... Wasn't it a $787,000,000,000 plan? But yeah, $5,246,666 per job. Still, each of those people with jobs are paying to support other people with jobs. They have jobs in companies that are providing services for the American people. These companies don't go out of business so new companies don't have to fight the bureaucracy to start up. Edited by Nag Ehgoeg, May 30 2009, 11:18 AM.
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| Tristan da Cunha | May 30 2009, 03:18 PM Post #4 |
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Science and Industry
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The problem is, a lot of companies precisely need to go out of business, most notably (in the US) in the construction industry. There've been systematic malinvestments and misallocation of resources for the past decade (or more) and the only way to correct that is to close down the superfluous businesses. If the government keeps using interventionist methods to keep zombie businesses alive, the American economy will simply keep producing excess automobiles and excess housing units when those are precisely not in demand. It's just like how the Soviet economy kept producing excess heavy machinery and capital goods when heavy machinery and capital goods were precisely not in demand. When there's a prolonged asymmetry of supply and demand due to the quixotic government interventions, the system will collapse catastrophically. This fate is unavoidable and written into the system. We will see the US and other Keynesian economies collapse under their own deadweight similar to how the Soviet economy collapsed in the 1980s and 90s due to unbearable and terminal economic inefficiencies. The US can avoid this fate, of course, by formenting a global war that kills millions of people and that actually physically liquidates (that is bombs, dynamites, napalms) the world's malinvested manufacturing capacity that Obama and other world leaders refuse to liquidate peacefully through the bankruptcy courts. If the bankruptcy courts are allowed to do their job, employment will recover swiftly and the economy will be able to readjust to a truly stable and sustainable state, and in a surprisingly short amount of time. Economic doomsayers are often accused of being "paranoid" and "gloom-and-doomers" by the interventionists. However, the true paranoia is shown by the interventionists, who believe the scaremongering myth that a depression will last a long time without government intervention, or who don't realize that natural and sustainable market action will be able to swiftly correct economic defects and provide widespread employment as it has always been able to do in any historical example where the government wisely refrained from interventions. Regarding the fighting of bureaucracy by new companies and startups, the solution is blindingly simple, so as to not require mentioning. Edited by Tristan da Cunha, May 30 2009, 03:20 PM.
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| Tristan da Cunha | May 30 2009, 03:32 PM Post #5 |
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Science and Industry
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While Stephen Moore is an advocate of certain particular sound policies, I think one needs to be constantly wary of the class of "Establishment libertarians" like Stephen Moore who percolate around Washington DC and are grown from the statist-corporate/fascist soil there. When the Democrats are in power, people like Stephen Moore or the Cato Institute will dutifully play the role of the loyal opposition and polemicize against the Dems, but once the Republicans are in power, these people swiftly abandon principles and heartily advocate pro-interventionist, neoconservative economic policies that may be more subtle and sophisticated than, but are just as insidious and damaging as, the Democrats' outright crude socialism. In short, take these people with a grain of salt as they are more often than not economic Trojan Horses. |
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| Porcu | May 30 2009, 03:59 PM Post #6 |
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"Work is the curse of the drinking classes."
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I discovered him fairly recently but your point does make me want to read some of his earlier writings. Point duly taken TC. |
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| Tristan da Cunha | May 31 2009, 12:03 PM Post #7 |
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Science and Industry
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I think it's worth considering the dangers of Stephen Moore's 2004 book "Bullish on Bush". In it Moore expounds and defends Bush's inflationary policies that created the recent economic bubble and caused today's economic crisis. I've been browsing that book on Google Books. It's pretty much a blueprint for "How to cause an epic, once-in-a-century Great Depression." What's dangerous about this book is that it couches its astonishing arguments in the typical Clinton/Bush, feel-good, populist vocabulary that obscures economic law with the intent of deceiving the reader into believing the Keynesian-monetarist economic voodoo that is firmly enshrined in both the Democrats' and Republicans' platforms. A true Trojan Horse for monetary bolshevism.
Edited by Tristan da Cunha, May 31 2009, 12:03 PM.
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11:38 AM Jul 13