|
REPORT ABUSIVE REPLY
|
|
Message Subject
|
Democrats are insane... deficit deal must include stimulus! LOL!
|
|
Poster Handle
|
Instant Karma |
|
Post Content
|
...
What is discredited is the idea that cutting taxes on the rich creates jobs.
Quoting: Instant Karma Except your point has no connections to what I said. Keynes and Paul Krugman are hacks. All of the money in circulation comes from the banks. If they aren't lending, the economy will collapse. Government borrowing from the banks is the only way to get money in circulation if the banks aren't lending enough to businesses or individuals. That is what got us out of the Bush economic collapse, not tax cuts. OMG, Did you even graduate from high school? You actually think that circulation of money between the banks and the government causes the economy to grow? It requires businesses to borrow money and then invest it in NEW employees. The key word is Businesses. Businesses will only invest (BORROW) if they think the current environment will allow it to be successful. The government can throw as much money as it wants around but that will only stimulate temporary jobs at best. The actual business people are waiting for a sign that PEOPLE are willing to spend their money. Not whether the government has created shovel ready jobs. The banks weren't lending in 2008. That's why we were losing 700K jobs a month by Q4. The private banks control the economy more than the government. If you want to understand how the economy really works go to the link in my signature.
|
|
|
Please verify you're human:
|
|
|
Reason for reporting:
|
