tag:blogger.com,1999:blog-13164186.post2327985222386114887..comments2024-01-27T19:26:32.604-05:00Comments on Bubble Meter: My thoughts on a second stimulusDavidhttp://www.blogger.com/profile/11169148764438565562noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-13164186.post-83647370794234979562009-10-11T15:37:03.843-04:002009-10-11T15:37:03.843-04:00oboe said...
"Cool. So on one hand we've ...oboe said...<br /><i>"Cool. So on one hand we've got pretty much every legitimate economist across the political spectrum, and weighing in on the other side is Mr J.</i><br /><br />If you are trying to say that pretty much every legitimate economist across the political spectrum supported the stimulus package, then you've only been paying attention to one side of the debate. Greg Mankiw (Harvard), Robert Barro (Harvard), and Eugene Fama (U. Chicago) are some of the top economists in the world, and they have all opposed the stimulus package. In fact, support of the stimulus package has been pretty much dependent on political ideology.<br /><br />I support a stimulus package if and only if the spending is done wisely. I'm not willing to harm long term economic growth just to avoid short term pain. On the other hand, if states are forced to cut useful investment spending (e.g. education and infrastructure), then it will harm the economy in both the short term and the long term.Jameshttps://www.blogger.com/profile/15243567377599238583noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-72530981045906250272009-10-11T12:41:47.741-04:002009-10-11T12:41:47.741-04:00"So on one hand we've got pretty much eve..."So on one hand we've got pretty much every legitimate economist...etc"<br /><br />yeah the same ones that couldn't see the freight train coming straight at their nose. I only trust an "expert" if they are ACTUALLY and expert. Self proclaimed gurus who cant do their job aren't all that "legitimate" in my book.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-68977065537715463772009-10-09T12:18:32.153-04:002009-10-09T12:18:32.153-04:00The first one was pretty much useless IMHO. A
Co...<i> The first one was pretty much useless IMHO. A </i><br /><br />Cool. So on one hand we've got pretty much every legitimate economist across the political spectrum, and weighing in on the other side is Mr J.<br /><br />heh.oboenoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-157490761455698742009-10-08T21:16:21.222-04:002009-10-08T21:16:21.222-04:00They haven't spent the first one yet on the re...They haven't spent the first one yet on the real job producing projects. A lot of the spending, like the tech-related, takes months of planning and they're just beginning to get this set up. The money was only approved 7 months ago. <br /><br />If we're on a turnaround, then hiring should pick up by the middle of next year. If it doesn't.... who knows because it'll be over 10%kobhttps://www.blogger.com/profile/15351473838412364000noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-78802162353738964582009-10-08T18:33:29.015-04:002009-10-08T18:33:29.015-04:00When the first stimulus package was released, I th...When the first stimulus package was released, I thought to myself a second one will most likely follow the first. Once again, with the stimulus they will just be putting a bandage over the wound. <br /><br />The first one was pretty much useless IMHO. A total waste of taxpayers money. What it did was pretty much an attempt to stir up consumption when people are losing jobs, money, equities, and debt kept piling up. They need to fix the source!Dr. Zithttps://www.blogger.com/profile/09767377198457948090noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-75684147888288535082009-10-08T17:50:32.202-04:002009-10-08T17:50:32.202-04:00I dont care either way. Im always in the demograph...I dont care either way. Im always in the demographic that doesnt ever get help. Either I make too much, or not enough...or Im the wrong race, sex, height, weight or state of health.<br /><br />Nobody wants to help me, so I therefore dont care about them either. Im a true American in every sense of the word. At any rate, another stimulus will go through and my taxes will pay for it. Such is life.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-75714508177281788842009-10-08T16:40:50.898-04:002009-10-08T16:40:50.898-04:00its unfortunate that political considerations forc...its unfortunate that political considerations forced a very poorly structured stimulus. I'm basically in favor of a second stimulus but only if its actually structured very differently. Otherwise we're probably better off with nothing. State aid and unemployment extension are no brainers while the housing credit is completely ridiculous.Anonymoushttps://www.blogger.com/profile/07941397575879054298noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-50505207104033763752009-10-08T12:36:13.748-04:002009-10-08T12:36:13.748-04:00I would like a rent credit. How about a lousy $10...I would like a rent credit. How about a lousy $1000 credit? That would stimulate me. And maybe increase rents to make landlords wealthier.Anonymousnoreply@blogger.com