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At Least 43,000 New Obamaconomy Workers Freed Up

On Jan 26 07:36 PM Bob Lunn wrote:
> I offer the TVA.

jim.com/econ/chap04p2....
;)


On Jan 26 07:15 PM EMS wrote:
> Money spent on infrastructure is an investment.

Whilst that's technically true, I ideally don't want to see any gov. spending labeled 'investment' as it just increases the risk that spendings which are anything but investments will be considered 'investments' and thus lead to higher gov. spending.
Just brings the unnecessary risk of pork-barrel meddling into it and makes it harder get to the true bottom lime.

At Least 43,000 New Obamaconomy Workers Freed Up

On Jan 26 05:48 PM John Polomny wrote:
Where in the history
> of the world did government create prosperity?

The government can help wealth creation by funding public goods and taking of infrastructure, education level etc
However, after a certain point the effect is marginal, and I'd think that point has already been reached and further spending is of little use.
The most common fallacy today's Keynesians fall under is that gov. spending increases wealth, well it temporarily may boost GDP but at the flipside it also boosts debt, which if taken into account would negate the effect on GDP.
Obama's stimulus programme is one giant hoax. We all can too spend hundreds of billions and feel good about putting people to work, the difference is that we understand that all this is offset by higher debt-levels and that the money spent is money spent, not invested.