i have read them but most of them are all the same thing and i want to stop bickering about this lets get back on topic; although there have been good comments by some people like you Zootsuit_riot i appreciate your impute. does anyone want to answer my question about what this package will do?
i have read them but most of them are all the same thing and i want to stop bickering about this lets get back on topic; although there have been good comments by some people like you Zootsuit_riot i appreciate your impute. does anyone want to answer my question about what this package will do?
Great someone else who thinks every post that isn't on their side sucks... Also I'm pretty sure it'l put us in another trillion dollars of debt... annnnd possibly ruin Obama's presidency in less than a month...
does anyone want to answer my question about what this package will do?
It's basic macroeconomics. It's called the multiplier effect. Eg if the government invests in a new hospital say $50bn that should veentually turn into around $75bn. It would create new jobs ie Drs, nurses and other staff etc. As well as the construction workers, engineers, labourers etc. The wages all these people receive would be spent within the economy. This would, in the long term, stimulate economic growth, turning that $50bn into a higher figure. At least that is the theory behind most government spending.
spending, spending, spending. lets spend our way out of a resesion.
ya, that makes a lot of ****ing sense
Equally I could say: saving, saving, saving that makes a lot of fucking sense.
If everyone saves it only deepens the recession. How do you think the economy was doing so well over the past few years? The average amount of spending to income was 105%, meaning people spent all they earnt and then a little bit more. If you save your money the recession will deepen. Spending is good.
If you save your money the recession will deepen. Spending is good.
yes it is if more people spend money, other people get more money to spend, they spend money and many people have more money which will help the economy.
