Thursday, June 7, 2012

I'll Stimulate You, You Stimulate Me.


Remember that $787 billion Stimulus package from back in 2009? You know, the one that so many people claim was a colossal waste? Well, according to the Congressional Budget office, which is non-partisan and widely respected, the stimulus was a big success and added approximately  3.3 million jobs to the economy. And 80% of all economists agree. Only 4% of economists disagree. Now I'd say that's quite a margin. So if it was such a great fix-all, how come we still have unemployment of over 8%? Do you suppose our "Great Recession" was worse than everybody thought it was? I mean if it was just a bump in the road like we've experienced over the years every so often, that many jobs would have brought our unemployment below normal averages, right? Well, maybe our Great Recession was bigger than we thought. And maybe recessions this big don't go away quickly. Hey, maybe the Stimulus wasn't big enough after all, as many economists believe, though not all. Maybe it should have been bigger and lasted longer There's something else I've noticed. When enough people are discouraged, things almost always get worse. It's sort of like "you get what you ask for." Maybe we really do need a roads and bridges stimulus package to help bring our infrastructure up to grade and employ another million or so workers. It would increase the debt, but ya know the best way to reduce the debt? Cut waste and get more people back to work and paying taxes. Ya know what a bad way to cut debt is? Put more people on unemployment.

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