Honestly, have any of you yahoos ever taken basic economics. The stimulus was far short of what was needed but without it the economy would have slumped even further and unemployment would have increased by more. You need to understand economics before you criticize. Obamacare was an important factor which prevented loads of people from being swindled by the Healthcare system. Neo-liberal economics has failed, Obama tried something else, and he was not bold enough.
@GoVikes0 Honestly, if you saw Obama's own comparison of what would happen if there was no stimulus compared to his stimulus you would see that the situation would have been way better without the stimulus in hindsight. Basic economics says you don't pay off debt by making more debt. The welfare system is on full collapse mode across the entire world. It is the change you can believe in.
@zempire Basic economics says that you increase Aggregate Demand in an economy by increasing one of the factors and letting the multiplier effect work its magic. Aggregate Demand is made up of Consumer Expenditure + Investment + Government Spending + Net Exports. Increasing one will usually increase the others. The stimulus was supposed to increase Government Spending to let the multiplier work. Sadly it was far short of what was needed.
@zempire Honestly? you certainly can get out of debt by incurring more debt if you borrow to invest in something that earns more revenue. Ask most small business operators who had to incur debt to start their businesses. That's a really lame argument. The stimulus resulted in small business startups, kept work going that may have been canceled. Those workers were paid & spent paychecks on goods & services. DEMAND is what generates jobs, not shoving money at people who don't need it.
@GoVikes0 Why yes I have taken basic economics - and a lot more. But you don't have to have any advanced economic training to know that putting yourself further into debt is not the way to get out of debt. Your argument is akin to the broken window fallacy. Obamacare was also heavily supported by healthcare lobbyists as it protected large corporate and government interests over doctors and patients. Many face losing healthcare altogether thanks to Obamacare.
Tim Kaine is such a tool.
JakeandElwoodBlues 4 months ago
Honestly, have any of you yahoos ever taken basic economics. The stimulus was far short of what was needed but without it the economy would have slumped even further and unemployment would have increased by more. You need to understand economics before you criticize. Obamacare was an important factor which prevented loads of people from being swindled by the Healthcare system. Neo-liberal economics has failed, Obama tried something else, and he was not bold enough.
GoVikes0 4 months ago
@GoVikes0 Honestly, if you saw Obama's own comparison of what would happen if there was no stimulus compared to his stimulus you would see that the situation would have been way better without the stimulus in hindsight. Basic economics says you don't pay off debt by making more debt. The welfare system is on full collapse mode across the entire world. It is the change you can believe in.
zempire 4 months ago
@zempire Basic economics says that you increase Aggregate Demand in an economy by increasing one of the factors and letting the multiplier effect work its magic. Aggregate Demand is made up of Consumer Expenditure + Investment + Government Spending + Net Exports. Increasing one will usually increase the others. The stimulus was supposed to increase Government Spending to let the multiplier work. Sadly it was far short of what was needed.
GoVikes0 4 months ago
@zempire Honestly? you certainly can get out of debt by incurring more debt if you borrow to invest in something that earns more revenue. Ask most small business operators who had to incur debt to start their businesses. That's a really lame argument. The stimulus resulted in small business startups, kept work going that may have been canceled. Those workers were paid & spent paychecks on goods & services. DEMAND is what generates jobs, not shoving money at people who don't need it.
lacaliffa1288 2 months ago
@GoVikes0 Why yes I have taken basic economics - and a lot more. But you don't have to have any advanced economic training to know that putting yourself further into debt is not the way to get out of debt. Your argument is akin to the broken window fallacy. Obamacare was also heavily supported by healthcare lobbyists as it protected large corporate and government interests over doctors and patients. Many face losing healthcare altogether thanks to Obamacare.
Observer2The 4 months ago
I was hoping that it'd be some kind of remix of the Black Eyed Peas song. Sadly, that isn't the case. Thumbs down for that.
eqanasif 4 months ago
Isn't it funny how words come back to haunt you? Hang that obumbler albatross around kaine's neck and beat him like a pinata.
jinx13big 4 months ago