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I'm quite well aware of the multiplier effect. Again, that's the point of the article. There is none in this case.
This answer indicates you don't understand the multiplier effect.
I guess that's the problem. There is no multiplication. It's the same 500,000
jobs.
Au contraire. It's clear you're the one who does not understand.
500,000 x 1.
Repeated over and over and over...
No, what's clear is that even with the Stimulus and the velocity of money it involved, the economy still only grew moderately, which tells us that the Bush Meltdown and the failed conservative policies that engendered it, had a huge deflationary impact on the economy.
But I agree with Krugman: the stimulus needed to be 3 times as large to really work well. As it is, it only prevented a total meltdown. Is that what you're arguing?
No, what's clear is that even with the Stimulus and the velocity of money it involved, the economy still only grew moderately, which tells us that the Bush Meltdown and the failed conservative policies that engendered it, had a huge deflationary impact on the economy.
But I agree with Krugman: the stimulus needed to be 3 times as large to really work well. As it is, it only prevented a total meltdown. Is that what you're arguing?
Only the first line is mine.
Obama's claim never changes. What does that tell us?
Fixed it for you.One of you is arguing that we are doing next to nothing on fiscal stimulation for an economy of this size
I'm still waiting for the part where Presidents are not allowed to refer to job growth during their term.The President has indeed been accurate, Time after time, talking about the same 500,000 jobs.
Fixed it for you.
One of you is arguing that we are doing next to nothing on fiscal stimulation for an economy of this size
As the Fed gets deeper into its stimulus program, it's increasingly going off the map. The Fed's latest stimulus policy of choice, quantitative easing, was virtually untested when the bank undertook it, Those massive asset purchases have led to a balance sheet whose size is skyrocketing, from less than $1 trillion in 2008 to over $3 trillion now. The question facing the Fed is how much is too much: $4 trillion? $5 trillion? $10 trillion?
The answer: No one has a clue.
The Fed balance sheet is currently around 20 percent of GDP.
In that case
is not enough of a thought for me to respond to. Answer your own question, then we can talk.
I'm still waiting for the part where Presidents are not allowed to refer to job growth during their term.
It tells us that BHO is slippery with the truth.
Unique? Seriously? Every POTUS describes "his" accomplishments multiple times. I know you need a replacement for the teleprompter meme, and I understand that it bothers cons and neocons to hear job gain data during this POTUS...but really, this is getting silly.Oh they are, but it's BHO's unique choice to take credit over and over for the same jobs instead of creating new ones for which he could take additional credit.
No, I changed your quote to accurately reflect what I said, if you are going to put words in my mouth, you ought to get it correct, Mr "dishonestypatrol".Since you decided to distort my quote rather than state your own position Ill quote you for it.
I understand you are confused about fiscal vs monetary stimulation....which was the point of correcting the words you put in my mouth.With Continued QE, the Fed Moves Farther Off the Map - US News and World Report
I dont think you are looking hard enough.
No, I changed your quote to accurately reflect what I said, if you are going to put words in my mouth, you ought to get it correct, Mr "dishonestypatrol".
I understand you are confused about fiscal vs monetary stimulation....which was the point of correcting the words you put in my mouth.
Dishonesty, indeed.
Since when did bailouts become fiscal/demand stimulation?So you missed the stimulus, TARP, increased federal budget, cash for clunkers, Fannie Mae and Freddie Mac cash measures....you missed all that eh?
No, we have not done much on fiscal demand stimulation as compared to the size of this economy, and the costs have been below zero since bond costs were below the rate of inflation. We have had this same conversation time and again and you never remember the critical points.....but I suppose if you did it would cause much internal conflict....which is why you just repeat the old outdated memes applicable to other times.We have done and are doing quite a bit, but there are structural economic costs to each avenue the government uses to collect the money it spends. Those structural costs have a tendency to slow down the economy or take resources away from the market.
But technically what he said was true.
Unique? Seriously? Every POTUS describes "his" accomplishments multiple times. I know you need a replacement for the teleprompter meme, and I understand that it bothers cons and neocons to hear job gain data during this POTUS...but really, this is getting silly.
Oh, and if you do expect the President to "create jobs", but you don't want debt increases via spending....like tripling the debt during Reagan, what do you think the GOP should propose to increase demand?
A negative you cannot prove! How convenient!Yes. Unique. No other POTUS has presented old news so often as if it were new news.
I see, you believe business hires without demand!As for jobs, try stimulating growth with low taxes and incentives to repatriate profits.
A negative you cannot prove! How convenient!
I see, you believe business hires without demand!
We did lower taxes on individuals who spend a greater amount of their incomes, it helped....but that is demand stimulation, not the corporate tax/supply side fiscal policy you were referring to.Lower taxes stimulate demand.
I know, that is always the next dance step you take after setting up a negative claim you made....... you expect the other person to prove your point.As for the negative, I've actually left you the opportunity to find another POTUS who has done something similar, as you claimed. Hop to it.:mrgreen:
Unique? Seriously? Every POTUS describes "his" accomplishments
multiple times. I know you need a replacement for the teleprompter meme, and I understand that it bothers cons and neocons to hear job gain data during this POTUS...but really, this is getting silly.
Oh, and if you do expect the President to "create jobs", but you don't want debt increases via spending....like tripling the debt during Reagan, what do you think the GOP should propose to increase demand?
Since when did bailouts become fiscal/demand stimulation?
No, we have not done much on fiscal demand stimulation as compared to the size of this economy, and the costs have been below zero since bond costs were below the rate of inflation. We have had this same conversation time and again and you never remember the critical points.....but I suppose if you did it would cause much internal conflict....which is why you just repeat the old outdated memes applicable to other times.
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