Daniel J. Mitchell debates Stimulus Jobs on CNBC

[brendos444]

lol repbublicans created the mess, now these ultra-libertarians think that administration was Keynesian! how silly! and sad! These nutters from Cato and the like have NOTHING useful to say at all.

[kommisar]

Sorry, you're completely wrong, retard. Keynesian economics has been used for well over 70 years now, dating even back to the Great Depression. It's actually been a bipartisan effort to expand government and try to manipulate markets. That means Clinton had a hand in this too. Mitchell is completely right in what he's saying and you're completely wrong. Imagine that, a libtard being wrong.... Shocking.

[MECHITO1330]

obama is saving and creating jobs.

gov't jobs

[thegreatpadaxes]

why does it seem like christian always gets more time?

[ForTehNguyen]

everytime I hear some Keynesian run his mouth, I try to imagine a world when John Keynes never existed and countless lives wouldn't have been ruined.

[Elasaltaculos]

That Christian guy is a dipshit. And Dan wasn't allowed to reply to most of his nonsense.

[HubertPaetz]

This is just pathetic. You stimulate "discussion" by putting a guy who is right and a guy who is a professional liar lenin-keynesian. How can anyone utter that George Bush lowered taxation (without cutting spending!) and reduced regulations?

This is psy-op.

[EvilDandy]

Let's assume that the keynesian was correct and Bush did lower taxes and reduced regulation. He actually said that lowering taxes in part caused the meltdown. What a fucktard.

[111thedude111]

What does "J J A S O N D J F M A M" on the x-axis on those graphs at 2:49 mean?

[TracyII77]

June, July, August, September, October, ...

[Kabukihomewood]

june, july, august, september, etc.

[silentnightwhisper]

Wow. Use your fuckin brain for christ's sake.

[donotswallow]

Dan Mitchell or someone else from Cato/Reason/ect. needs to make a video series explaining what they'd cut from the Federal Government (like the Dept of Ed) and their reasoning for it. These 60 second soundbites on TV don't work well, and it just leaves general public confused.

[bgmorse]

You should read the Cato books. They have several that talk about what they would cut, and why.

[donotswallow]

Oh, I personally understand the reasoning, I'm just speaking more on the general public. They need to make the information more accessible to a larger audience. Even in this video the lady was shocked that he wanted to cut the department of education (listen for it right have he mentions it), as if we wouldn't have schools without it.

[Surhotchaperchlorome]

I've seen Christian Weller on this program

time and time again.

Each time, w/o fail, I'm convinced, he's either a liar/fraud, deluded/stupid or some combination thereof.

[MooseOfReason]

God, more BS that "conservative policies" caused the current economic mess. There's nothing conservative about the Federal Reserve and moral hazards. We haven't had a conservative President in a very long time. I'm talking further back than Reagan, because he doesn't count either.

[Surhotchaperchlorome]

As ShaneDK pointed out, you'd have to go all the way back to Grover Cleveland, or at least Warren Harding to find a small gov't constitutional president.

Reagen may have slashed tax rates, yet the amount of income taxes collected as a % of GDP rose. He still didn't fix our monetary system, and still left that horrible income tax to boot.

At best, he threw us back a few crumbs.

[whoo689]

We need a lot more variety in schools and school choice. That's what will save the system. Not to mention it WOULD be a good idea to get rid of the FEDERAL Department of Education and let the states run their own public schools for a change, as the founders intended and the Constitution says, PER the 10th Amendment (states' rights, bitch).

All the bureaucracy and the unions' grip on public K-12 is killing them and screwing up children's futures. It's time to let go.

[Surhotchaperchlorome]

Which would allow states the option of abolishing their public school systems, and letting them be run via a free market.

[whoo689]

If you ask me, we should just transform the K-12 system similar to what we do with regards to college. I mean, we have a HUGE variety of post-high school education systems. There's liberal arts schools, trade schools, private schools, public schools, art schools, you name it! And America has many of the best colleges on the planet thanks to this competition. And guess what else? They're not beholden to teachers' unions or the NEA! Colleges actually have freedom as individual institutions.

[whoo689]

Sure, they get funding from the state governments and federal gov't for things like student loans, but they're still nowhere near as centralized or controlled as the K-12 public schools. And yes, there are state school systems like University of Missouri (4 schools throughout the state), but it's still not as bad as the idiotic invention known as "school districts." The people at the top keep a pretty hands-off approach, and I believe that should be done for K-12 as well. It can do wonders.

[whoo689]

I know all about those "youth jobs." They're a crock of shit, as expected. My state's governor Jay Nixon is using stimulus funds for one of those things, and when I read the fucking email I got regarding it from one of the department's at Mizzou in May or April, I was like "You kidding me?? This is bullshit."

Christian Weller is such an idiot. Yes, there's a whole body of "evidence" for his Keynesian nonsense, but that was DEBUNKED half a century ago!! Where were these liberal fucks?

[whoo689]

It's too easy for gov't officials to say "We're gonna create more jobs!" and then set aside some billions of dollars and make it look like they're actually propping up the economy.

[whoo689]

The stimulus gov't jobs don't give "employment." What they give is temporary regular paychecks. But once the funding dries up, or the project is over, you're fired. Then you'll have to find another job. And employment will GO UP! Has Obama thought about that?

[whoo689]

Stimulus jobs are just a way to temporarily lower the unemployment rate to make it look like the economy is "doing better." It's the same ridiculous scheme cooked up by Roosevelt and his lackeys with WPA, CCC and PWA. They made unemployment look a lot lower than it was during the Depression, and anyone smart enough to see through the bullshit realizes it didn't do anything for actual recovery. It's a smokescreen.

REAL EMPLOYMENT is created by the private sector b/c of growth.

[11mc22]

Can I ask a question?

Is public school really the only way to education?

How about homeschooling and etc?

[return135]

christian= clueless statist.

[NgyuenKim]

i understand cato trying to fight for efficient industry but education? Education efficiency would likely entail socially devastating consequences. Free markets only work efficiency when the operators have full information. Education allows a free market to function. A free market does not have an interest in educating everyone. Only an interest in educating who needs to be. Of course test scores fall when you take everyone into a school not just the select few.

[MrBr3w]

"Education allows a free market to function."

Information allows a market to function.

"A free market does not have an interest in educating everyone."

If people wants education, then it will be supplied. Companies want their employees to be well educated and well aware of current knowledge especially in high tech industries. This is the reason why companies train their employees, some of them even pay employees to take certain courses to improve their skills.

[NgyuenKim]

Education is the means to find information. Education is largely knowing how to find and understand information

right some want educated and other are interesting in uneducated workers. Like McDonalds who stated goal was that they focus on making their restaurants require no training to run.

Some companies have an interest in keep their consumers and works uneducated other don't. Efficiency would also dictate that slavery would be allowed. We don't a truely free market is a crass enterprise.

[ImNotJonsie]

There's actually a good analysis of government education by John Stossel called "Stupid in America". I believe the entire show(1 hour) is posted somewhere here on YouTube. Basically, the American idea that the government can just keep throwing money at something and get better results is not only false, but in the end extremely expensive. Especially when no or minimal competition is allowed.

[whoo689]

One of the things Stossel reveals, which is quite telling for all the liberals, is that Belgium (among other European nations) ACTUALLY lets their students have VOUCHERS to decide what school to go to! Can you believe it? These liberal Western European Keynesian nations even know the benefits of school choice.

Yet here in the US we still have a long way to go in an efficient direction like that.

[MooseOfReason]

NgyuenKim, How about the graduation rate in schools? I would say the public schools aren't interested in educating everyone, otherwise our students would actually be graduating.

Also, what do you mean by "full information"?

[CountArtha]

I'm getting REALLY sick of the liberal straw man argument that Bush was some kind of Laissez-Faire captialist.

[Brassmouth]

I cant stand that CAP guy. Such a State apologist. If the economy was totally socialized tomorrow, this guy would be there to cheerlead the whole thing.