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> There is also no question that >dollars in the private economy has a far >higher multiplier effect on employment than >when spent by the government. This is the >classic guns vs. butter example used in basic >econ classes.
You follow the herd. You don't understand Laffer should have his noble prize revoked. You don't understand a little country like Germany almost took down the World based upon government spending. You don't understand there are only so many cars you can produce, fitness videos stars can pump, and food you can grow. You don't understand the great depression was caused by too much farm production causing prices to drop.
All valid points but don't forget the overwhelming maldistribution of wealth at that time in the US. The top one tenth of 1 percent of the population earned as much as the bottom 42%. A staggering statistic even by today's standards.
Take it from one on the bottom; what's the problem here? Are you suggesting that taking from those who earn and have and giving to those who do not earn and therefore do not have is equitable? Equitable for who?
Surf writes, "All valid points but don't forget the overwhelming maldistribution of wealth at that time in the US. The top one tenth of 1 percent of the population earned as much as the bottom 42%. A staggering statistic even by today's standards."
It is also a historical fact that all properous societies experience this division. The measure of the society, IMHO, is the standard of living of that bottom 42%.
Bill Gates by himself is good for the bottom 1% or 2%. I would venture the benefit to society of the solftware age under rewards Mr. Gates.
Not to be scooped, Matt (the Clinton hater), has hot info on the Plame case but won't publish in detail until others have. Probably doesn't want to be the one to start another watergate. Looks like Carl could be in trouble though.
Boy that's a downer.
"You sound like a union member - and I mean that in only the worst way."
Should i pass that one on to my buddy George? Shop steward for the welders union and die-hard republican. Fights his own members, those guys who elected him and continually keep him as steward, for what he recognizes as the needs of management in having the business (one of the mega casino concerns) succeed as well as fighting management for what he knows are the needs of his members. A fair guy, not like you far-outers of both sides. Too few of him around these days, among both worker bee and management populations.
billber, writes, "You don't understand a little country like Germany almost took down the World based upon government spending."
How was all of this govenment spending funded. In Germany it was by the govenment seizure of the private capital of it citizens that were scapegoated by the government. It was further finaced by the seizure of the assets of it's neighbors. In the end it collapsed as it ran out of men and money to seize.
Perhpas the invassion of Cananda and the seizure of it's assets would help the US economy, but I think it would be much more trouble than its worth. LOL
I think the German and French socialist model of the last 20 years clearly shows how this policy fails.