Most Economists believe the U.S. doesn't need another round of Stimulus »
Posted By WikiMap 4 months, 3 weeks ago in NewsJust eight of 51 economists in The Wall Street Journal's latest forecasting survey said more stimulus is necessary, suggesting an average of about $600 billion in additional spending.
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doppich4 months, 2 weeks ago
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Krugman wrote about this piece:
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"And here’s the thing: it’s NOT because they think a solid recovery is on the way. On the contrary, their outlook is quite bleak: on average, the surveyed economists expect unemployment to rise to 10 percent, still be 10 percent in June 2010, and fall only to 9.5 percent by the end of 2010. And a fair number of the forecasters — including Jan Hatzius of Goldman, whose analysis I follow closely, and has been spot on so far — think that unemployment will actually rise through 2010.
"So they’re not saying that everything’s OK, no stimulus needed. They’re saying that they don’t like stimulus. And why should you be surprised? These are business economists; they’re generally conservative."-
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tadair9194 months, 2 weeks ago
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krugman is just another keynesian that got us in this mess. hello? keynesianism failed. the boom-bust cycle caused by a central bank is causing this. throwing more money into a fire isn't going to put it out. artificially keeping prices high on the backs of your grandchildren isn't helping anything.
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Endoscopy4 months, 2 weeks ago
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Well doppich, Obama told us he had to have that fake stimulus package or there would be 8% unemployment by 2010. He got the package with no one allowed to read it before voting on the final version. (1000 pages added in conference with only Reid and Pelosie with their staffs and some treasury people.)
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What we have now is 9.7% according to one site at the end of June. That means we are going into double digits this month. OBama promised this would not happen if that "emergency" bill was passed. OBAMA LIED!!!!!!!
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fjgalt4 months, 2 weeks ago
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Taking wealth from those who produce to give to those who don't doesn't increase wealth or result in a net increase in jobs. When government "creates" jobs, it is at the expense of as many or more jobs.
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Look at it on a personal level. If people are taxed to create new jobs, the loss of purchasing power to those paying the taxes means the loss of jobs for the people who would have made the products and services those taxpayers would have bought. Public officials can point to the jobs created but can't (and wouldn't) show the layoffs and firings that resulted.
If the money for creating jobs is borrowed, then the loss of wealth in the future as the loans are repaid will result in job losses in that future. Borrowing merely postpones the problem of jobs lost and is even worse because there will be interest on the borrowed wealth.-
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german-shepard4 months, 2 weeks ago
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This is just more of the same crooked advice that turned the United States into a financial wasteland.
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When will you start thinking so it betters the country and not continually make some insinuation about government not being able to be a good employer.
Who is the biggest employer in the US? The US Government! See the following link for proof of that.
http://federaljobs.net/overview.htm
All of this talk about the Government being inefficient is just so much bull. -
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hyperbola4 months, 2 weeks ago
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But we do that regularly and increasingly ever since Reagan.
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We have been taking wealth from average Americans who produce and giving it to corrupt financial oligarchs who produce nothing.
As for "interest" on the borrowed wealth, yes the government giving a private organization like the Fed the right to "tax" it is a big mistake. One we avoided as a country for a long time.
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calitennflo4 months, 2 weeks ago
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Economist-an expert in the science of economics
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wordnetweb.princeton.edu/perl/webwn
I find this hard to believe that there are experts in the field of economics...or they would be joining us with the Historical proof proved...money would then be seen as it is...a waste of our time.
Doctrine-a belief (or system of beliefs) accepted as authoritative by some group or school
wordnetweb.princeton.edu/perl/webwn -
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BB644 months, 2 weeks ago
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Most economists I know didn't feel we needed the lefty porkulus package in the first place. With his seizure of the banks, insurance and the auto industry, investors were concerned and moved money overseas. With the huge pork barrel gift to Obama's twigs & berry wing, we pulled back even more. This is the same thing that happened to FDR and his new deal. Removing private investment capital only slowed our recovery then. For some reason Obama's team doesn't get it. It's like the war on terror, unless the people take ownership of the country, the terrorists would always return. Private business must be permitted to grow. Today, for some dumb reason, the left feels profit is bad. Without profit, we wouldn't be the nation we are today. Capitalism produces new products and services. Without a profit incentive, you have socialism or more closer, Marxism. Everyone's equal, no incentives, no growth. More social programs so you really don't have a reason to get up and work. We have that from entire communities. Look at the generations on welfare. We've taught them that living on welfare is a good career move.
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We need government to be reduced. There are entire agencies that should be dumped. It's time for the Feds to return to the original concepts the forefathers designed. Defense, promotion of business, commerce, and the like. Education was never a part of this. Arts, never public. It's time to clear a lot of the make work position in Washington.-
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hyperbola4 months, 2 weeks ago
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Ah my! The same old slogans the "right" has been trained to chant ever since they got suckered into Reagan's "trickle-down" malarkey!
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Fact is, as we bought into those slogans we began to lose more and more of our headstart over the rest of the world.
The sooner we stop paying attention to those chants and re-distribute the wealth to productive Americans (instead of super-rich financial crooks), the better.
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