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Politics Why the Stimulus flopped
- Posted on December 12, 2011 at 7:17am by
Eddie Scarry
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Stimulus [stim-yuh-luh
s] noun, plural: something that incites to action or exertion or quickens action, feeling, thought, etc.: “The approval of others is a potent stimulus.”
Via Hot Air:
Theoretically, for the stimulus to have worked, the government would have had to target idle resources. Instead, the government funneled money into already-existing government contracts. Similarly, for the stimulus to have worked, state leaders would have had to spend stimulus money on top of what they were already spending. All too often, they used stimulus dollars to cover general expenses rather than to increase overall spending. And on and on …
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jimay
Posted on December 12, 2011 at 10:56amThe stimulus was incredibly successful. It was a stimulus to support and motivate the base in the immediate post election phase. People just get confused when they don’t understand what got stimulated.
Report Post »EnochRobinson
Posted on December 12, 2011 at 8:26amThe Federal Government chose to invest taxpayer dollars in entires suh as Solyndra et al.
Report Post »Private investors *voluntarily* place their capital at risk when selectin investments. The Federal Government investing in ventures – both private and public – with stimulus monies was nothing less than the forced risk of taxpayer capital. Myself and every other taxpayer were forced to put our capital at risk by investing in GM, Solyndra, Bank of America, Wells Fargo, and a hundred other ventures that private investors wouldn’t touch with a 12 foot pole. The only means available to funnel capital to these ventures was through brute force, which only the Federal Government was capable of.
Government is force. Period. The People shall only tolerate tyranny so long as they agree with the tyrant.
GrumpyCat
Posted on December 12, 2011 at 7:54amFor the stimulus to have worked the government would have had to direct the money to the same places private investors would have gone. Government lacks that wisdom. Private investors would buy *value* while the government bean counters only count dollars.
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