 | Blogs > 60minman > My Blog > The Fallacy of Creating Jobs by Stimulus Spending. |
8/7/2010 8:13 pm |
.....I like many Americans get a little sick of the arrogance and elitist know it all attitudes of Liberals. They tell us Spending vast sums of money helps the economy and saves jobs. They tell us the only way to reduce the debt is to raise taxes. Utter and complete nonsense. Are they so dense that they do not know that every dime spent on stimulus to create demand and a job has to come from somewhere and it ain't the tooth fairy. For every dime spent there is one less dime that the private sector can spend to create a real job instead of filling potholes in Pennsylvania.......Hey but what do I know I'm just 60minman........ .........Recently POTUS's press Secretary Robert Gibbs ranted away at Rush Limbaugh for criticizing the bailout of General Motors. Gibbs said it "saved" millions of jobs. Did the money fall from the sky? Just how difficult is it to understand that when you take money from taxpayers to save the jobs of one set of workers what does it do to the demand for jobs for other sets of workers? go to the head of the class if you say its a wash. For every job saved another job is lost. Why do you think that unemployment has been stuck at around 10% these past 18 months. "Its the Spending Stupid" is the new battle cry that's wasted on liberal ideology as they wonder why and blame their political troubles on the perceived racism of the Tea Party...........Proponents of Keynesian theory are just to dense to understand that borrowing does the same thing. When people spend money on Government Bonds there is less money in the private sector to be spent on goods and services that again create real jobs instead of some paper pusher at the local city hall....... ......In Business the bottom line is profits which creates capital and used for expansion, which in turn creates legitimate employment, which will reduce the Debt by economic growth. Alas Joe Liberal on the other hand thinks otherwise. Spending vast sums of money in politically strategic places helps the Demon-ocrats politically but not the economic future and stability of this Country, and that is obviously their bottom line.......... .....God bless the United States of America and God save us from these economic bimbo Liberals. "The cause of America is in a great measure the cause of all mankind."....T. Paine |
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8/7/2010 8:58 pm |
I have a step son in Wisconsin who works for a Chevy dealer with two stores as his sales manager. He wishes the government would go back to what they were doing before they became US General Motors. It has severly complicated the way they do business. But isn't that always true of everything the government gets involved in? "If you can't answer a man's arguments, all is not lost; you can still call him vile names."
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8/8/2010 2:22 am |
Small business are the back bone when it comes to creating real jobs. I am friends with about a dozen of them. Two and three years ago they had between twenty and thirty on their payroll. Today they have at the most six. Those few are there out of respect for their past contributions to the company. Each day the employees discuss with the owner some things they may consider to keep their heads above water and those discussions are what is keeping the company's head above water today. The owners all make the same statement, "if I get one more tax I am closing the doors." . A Nation of Sheep Breeds a Government of Wolves !
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8/8/2010 3:55 am |
small business is indeed the backbone of every western economy sadly so many have gone to the wall as customers have dried up and show little sign of returning in my own case i gave my business away for £1 - $1.50 my ill health didn't allow me to do the long hours 7 days a week needed just to scrape the lease payments in as customers where very thin on the ground Government stimulus programs create a starting point that allows small businesses the grow from people having some disposable spending money in their pockets, just look at the Hoover dam in Boulder co many thousands where employed and millions benefited from those flowing dollars whilst now 80 years later the economy enjoys tax income from the free electricity the dam produces with unemployment around here at 30% plus only a government led program is going to produce work, sadly with a new coalition Conservative government it will never happen as they would rather see people down and out than working conservatism is ok if you are a wealthy person living on the easy un earned income of stocks and shares etc but life sucks if your at the foot of the social ladder in life's catch 22
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 8/8/2010 4:03 am |
as most people with a half a brain already know the stimulus or porklus has been a dismal flop. government motors closed down a former employer of mine, he had two stand alone buick dealerships one of which his father had started. between the two dealerships there were about 60 employees now out of work. hows that hope and change working for those people? When people fear the Government--That is Tyranny, when Government fear's the people--that is Liberty
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8/8/2010 5:59 am |
We have to remember the money that went to bail out the auto industry was issued as loans to be paid back...not corporate welfare. And they are being paid back. I am also for helping the small business man with loans.
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8/8/2010 6:27 am |
What Rich says is true Governments cannot run things efficiently I can say a lot about stimulus(or wastage) but I think It is 11.30pm and would take me till 2am ....LOL I may write a blog about it I also agree with GA small business are what create real jobs
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