Quote:
Originally Posted by spence
1) According to the CBO the Stimulus has had a large beneficial impact and by the reckoning of many may have averted a much bigger economic meltdown. People will debate this forever.
2) The projected budget deficits and National debt were caused by both parties. Personally I don't see any solution that doesn't involve both spending cuts and increased taxes.
3) A big reason the unemployment rate isn't dropping further is simply because American businesses have become more productive and the explosive growth that fuels rapid hiring is happening in other parts of the world. This isn't just because we've "shipped jobs overseas", it's because the hiring is taking place close to the action, just like it did in the US in the 1990s.
4) These emerging nations will gradually help the US economy
5) Government investment in growth technologies is a good investment and something I'd like to see Obama do more of
-spence
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#1 your right Spence, people will debate this forever because it is also
speculative and conjecture.
#2 Agree it was caused by both parties, however imho spending cuts,
10% across the board, except military, as a start and TAX CUTS for small and medium size business will help with unemployment.
#3 That makes sense. However, sending jobs overseas started 35
years ago as high taxes and government over regulation is what started
the move.
#4 My Grandsons will have gray beards before emerging countries help
our US economy.
#5 Private investment in tech companies is a better route as competition
will get us there faster and the taxpayer won't have the expense of
another bureaucracy and having to pay benefits and retirement for government
employees.