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Wednesday, Aug 29
2012, 9:23 AM
More on Q2 GDP: What stimulus? Government spending has been a negative to flat contributor to...
: What stimulus? Government spending has been a
negative to flat contributor
to GDP since 2010.
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Thats because we didn't spend enough, more spending will definitely 100% fix the problem... I promise.
Would I lie? (Spaceballs reference!!)
29 Aug 2012, 09:25 AM
This seems to have been proven in multiple studies. Corporations are accumulating cash and not investing either. Time for radical rethinking!
Focus government on funding basic research and shoring up SS, (bring back the full payroll tax) initial $50-100 Billion reduction in military spend
Zero corporate tax rate in exchange for mandatory 12% dividend payout - get the money into the hands of the consumers!!! the only part of the GDP equation that seems to be working.
29 Aug 2012, 09:27 AM
At first I was thinking, "great here is our token left winger," but I actually find you tax/dividend exchange idea interesting. That might actually be a good way to get some money movement in the economy.
I am not a fan of the SS full payroll tax idea. I would opt out and take care of myself if I could instead of feeding the black hole that will likely be insolvent before I qualify for it.
29 Aug 2012, 06:17 PM
We've been stimulated so much in 2009 that we've developed an immunity.
29 Aug 2012, 09:33 AM
>>Government spending has been a negative to flat contributor to GDP since 2010.
The deuce you say! That completely ignores the all important "paying off your political allies and cronies" sector of the economy which has really boomed over the last 3 and 1/2 years.
29 Aug 2012, 10:40 AM
The comment from SA above should be changed to read:
"Government spending has been a negative to flat contributor to GDP (GROWTH) since 2010. Otherwise the comment is bogus.
Spending $1.5 - $1.6 trillion a year in deficits is certainly "stimulative".
29 Aug 2012, 05:37 PM
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