The simple reason government spending fails to end recessions is that Congress does not have a vault of money waiting to be distributed. Every dollar Congress “injects” into the economy must first be taxed or borrowed out of the economy. No new income, and therefore no new demand, is created. They are merely redistributed from one group of people to another. Congress cannot create new purchasing power out of thin air.
This is no longer a theoretical exercise. The idea that increased deficit spending can cure recessions has been tested, and it has failed. If growing the economy were as simple as expanding government spending and deficits, then Italy, France, and Germany would be the global economic kings. And there would be no reason to stop at $787 billion: Congress could guarantee unlimited prosperity by endlessly borrowing and spending trillions of dollars.
$787 billion (actually $862 B) “stimulus” a flop. In a January report, White House economists predicted the bill would create (not merely save) 3.3 million jobs. Since then, 2.8 million jobs have been lost, pushing unemployment toward 10 percent.
CalifSunshine2008 Have you read "Ruls For Radicals"? If you do, you think you might be reading Obama's plans for his campaign and his plans for America. You will also see how he lied to get into power.
I sent today a verse of Bible,Prov.6:12-19, that for me discribe this aberration
person.For someone who believes as profecy,I believe is more as a CURSE to America and to his 50%race(black) due our marginal lethargy to what is wrong to begin with it.Pay back is always a b#$%^!!!
It's a easte of time laying the absulute concrete proven facts in front of the obama flock, because they just will not accept the obvious truth. Me along with others tried showing the obvious lies, contradictions, and hypocrisies to the sheep during the election, and all we got was personal attacks, name calling, and were called liars, even though the proof was right in front of them, and on this very site. This country must collapse for people to learn for themselves.
And while King Zero enjoys the balmy temp of the Oval office, and snarks at folks in DC for not being "flinty" enough to send their kids to school in a blizzard, he apparently thinks folks freezing to death need to be "flinty," too. So where's FEMA? Mebbe they're wintering someplace warm, too.
Bush caught hell for not leading LA's Governor by the hand when Katrina hit; now King Zero's gonna take a pass for fiddling while America freezes?
People read our Declaration of Independence. It clearly states "whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government".
I wrote, emailed, and called my Kansas Reps and told them NOT to vote for obama's Stimulus Bill....Congressman Todd Tiahrt (R) listened to Kansans and voted NO. We are doing our part, so should everyone else...I hope all are getting involved...there are petitions online as well.
We are watching obama very closely and he isn't doing well out the starting gate...libs should be ashamed for doing this to America!!!
Of course only government, and more government,can only help the economy.What do you expect? He is wanting to take this country to socialism, and millions of people voted for it. We should let the ones who voted for him, pay all this back. He's not my president!
I still want this Hussein son of a bitch to show his original vault birth certificate because he was clearly born in Kenya and has lied to everyone. This fraud is not even legally president!!
3/3
The simple reason government spending fails to end recessions is that Congress does not have a vault of money waiting to be distributed. Every dollar Congress “injects” into the economy must first be taxed or borrowed out of the economy. No new income, and therefore no new demand, is created. They are merely redistributed from one group of people to another. Congress cannot create new purchasing power out of thin air.
FreedomInAmerica 8 months ago
2/3
This is no longer a theoretical exercise. The idea that increased deficit spending can cure recessions has been tested, and it has failed. If growing the economy were as simple as expanding government spending and deficits, then Italy, France, and Germany would be the global economic kings. And there would be no reason to stop at $787 billion: Congress could guarantee unlimited prosperity by endlessly borrowing and spending trillions of dollars.
FreedomInAmerica 8 months ago
1 /3
nrd.nationalreview com/article/?q=MTViNmZiZmQ4NmMxM2Y5NmEzNWIwYWRmNmNhMWJlY2I=
$787 billion (actually $862 B) “stimulus” a flop. In a January report, White House economists predicted the bill would create (not merely save) 3.3 million jobs. Since then, 2.8 million jobs have been lost, pushing unemployment toward 10 percent.
FreedomInAmerica 8 months ago
10 star page right here folks!!
Trimixtech 1 year ago
OBUMMER
The thug socialist lover,
Who hates the capitalist ways.
He's trying to take over the global
maneuver to destroy the US of A
Trimixtech 1 year ago
we the moron american people= give us condoms and abortions so we wont reproduce. Kill our offspring and generations. Genocide for the poor....
thepearlheart 3 years ago
ACORN got 7 billion dollars.
bowflexor 2 years ago
Arrogant,narcissistic,incompent asshole.
onecelticwarrior 3 years ago
The joke is on U.S. We elect a socialist and expect something else? Call your representatives and show your outrage.
johnm295 3 years ago
He is a fascist. Socialism is simply a form of egalitarianism.
biped19 2 years ago
Money for comdoms, money for abortions, money for new cars for congress, etc., etc., etc.,-stupid fuckin' liberals.
SigalaSigala 3 years ago
SigalaSigala Including everything you mentioned, Obama's "stimulus package" also is giving a tax break to ACTORS IN HOLLYWOOD!!!!
He is full of shit and so are the people who supported him.
ccgraphics20 3 years ago
He's a prodigy of Saul Alinksy.
CalifSunshine2008 3 years ago
CalifSunshine2008 Have you read "Ruls For Radicals"? If you do, you think you might be reading Obama's plans for his campaign and his plans for America. You will also see how he lied to get into power.
ccgraphics20 3 years ago
I did my bit to help the economy. I been buying ammo
knightstalker1369 3 years ago
LMAO
bowflexor 2 years ago
I sent today a verse of Bible,Prov.6:12-19, that for me discribe this aberration
person.For someone who believes as profecy,I believe is more as a CURSE to America and to his 50%race(black) due our marginal lethargy to what is wrong to begin with it.Pay back is always a b#$%^!!!
othbor 3 years ago
These big-government politicians are all the same. It's all a bunch of bs. 5/5
machaeroguy 3 years ago
Thanks BigOne!
rachelabombdotcom 3 years ago
Obama is a fucking scumbag and I hope god sends him to hell.
writertrump 3 years ago
hopefully they will demand(scotus) the records on him
knightstalker1369 3 years ago
It's a easte of time laying the absulute concrete proven facts in front of the obama flock, because they just will not accept the obvious truth. Me along with others tried showing the obvious lies, contradictions, and hypocrisies to the sheep during the election, and all we got was personal attacks, name calling, and were called liars, even though the proof was right in front of them, and on this very site. This country must collapse for people to learn for themselves.
BitterCycle 3 years ago
Wonder what the sheep are thinking now!
ScarlettKnights 3 years ago
I know my Congressman George Radanovich (R-CA) voted against the stimulus, too bad my Senators won't.
bittergunowner12 3 years ago
FIVE STARS!
newyorkbabydoll 3 years ago
And while King Zero enjoys the balmy temp of the Oval office, and snarks at folks in DC for not being "flinty" enough to send their kids to school in a blizzard, he apparently thinks folks freezing to death need to be "flinty," too. So where's FEMA? Mebbe they're wintering someplace warm, too.
Bush caught hell for not leading LA's Governor by the hand when Katrina hit; now King Zero's gonna take a pass for fiddling while America freezes?
Obama sucks, and so do those who support him!
='[.]'=
Raycheetah 3 years ago
We won't freeze, Remember Gore and his global warming rant
knightstalker1369 3 years ago
can we get our money back, a refund, please???
RestrainedNoMore 3 years ago
We tried to tell the sheeple who voted in this idiot. They will all know-soon enough.
Better write and call your Reps people-that's what WE CAN DO.
wildflowersandi 3 years ago
WAKE UP PEOPLE !!!!
People read our Declaration of Independence. It clearly states "whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government".
It is time !!!
catnkaboodle 3 years ago
I wrote, emailed, and called my Kansas Reps and told them NOT to vote for obama's Stimulus Bill....Congressman Todd Tiahrt (R) listened to Kansans and voted NO. We are doing our part, so should everyone else...I hope all are getting involved...there are petitions online as well.
We are watching obama very closely and he isn't doing well out the starting gate...libs should be ashamed for doing this to America!!!
5 stars on the video and faved
...thanks Bigone5555J.
myangels7 3 years ago
I'm sure every representative but Dennis Moore voted for it.
bittergunowner12 3 years ago
Five Stars!!
MadBadVoodo 3 years ago
Tar & feather they all!
rambo2700 3 years ago
Of course only government, and more government,can only help the economy.What do you expect? He is wanting to take this country to socialism, and millions of people voted for it. We should let the ones who voted for him, pay all this back. He's not my president!
Thanks, good job on the comparison info!
menana2u 3 years ago
Of course Obama brainwashed kool aid drinking zombies will never face the truth.
bittergunowner12 3 years ago
I still want this Hussein son of a bitch to show his original vault birth certificate because he was clearly born in Kenya and has lied to everyone. This fraud is not even legally president!!
alancook01 3 years ago
Yep, but his brainwashed, kool aid drinking zombies will never see the truth.
bittergunowner12 3 years ago
Great, intelligent, comprehensive and independent commentary! Keep up the good work.
5 stars.
PatriotMcCain 3 years ago
Agreed. This man is what my mom calls a snake-oil salesman. When are the Obamatrons going to wake up and smell the TRUTH?!
Angie2343 3 years ago