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The stimulus package 5 years later- was it worth it? Zero Hedge says no

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KarlRove

KarlRove

http://www.zerohedge.com/news/2014-02-17/5-years-later-what-did-obamas-american-recovery-reinvestment-act-achieve

"The failure of the stimulus was a failure of the neo-Keynesian belief that economies can be jolted into action by a wave of government spending. In fact, people are smart enough to realize that every dollar poured into the economy via government spending must eventually be taken out of the productive economy in the form of taxes. The way to jolt an economy to life and to sustain long-term growth is to create more incentives for people to work, save and invest. Let's hope Washington's next stimulus plan is aimed at reducing the tax and regulatory burden on American job creators."

Guest


Guest

It might be the single lump sum biggest waste of money in the history of the world. Let's call it obama-stash.

Another progressive accomplishment.

Floridatexan

Floridatexan


http://rationalwiki.org/wiki/Zero_Hedge

"Zero Hedge[1] is a batshit insane Austrian economics-based finance blog run by a pseudonymous founder who posts articles under the name "Tyler Durden," after Chuck Palahniuk's Fight Club personality.
Tyler claims to be a "believer in a sweeping conspiracy that casts the alumni of Goldman Sachs as a powerful cabal at the helm of U.S. policy, with the Treasury and the Federal Reserve colluding to preserve the status quo." While this is an entirely reasonable statement of the problem, his solution actually mirrors the anatagonist in Fight Club in that Tyler wants, per Austrian school ideas, to lead a catastrophic market crash in order to destroy banking institutions and bring back "real" free market capitalism.[2]
The site posts nearly indecipherable analyses of multiple seemingly unrelated subjects to point towards a consistent theme of economic collapse any day now, and has accurately predicted 200 of the last 2 recessions. Tyler seems to repeat The Economic Collapse Blog's idea of posting blog articles many times a day and encouraging people to post it as far and wide as humanly possible. Tyler moves away from the format of long lists to write insanely dense volumes[3][4] filled with often contradicting jargon that makes one wonder if the writers even know what the words actually mean.[5] The site first appeared in early 2009, meaning that (given Tyler's habit of taking a shit on each and every positive data point), anyone listening to him from the beginning missed the entire 2009-2013 rally in the equities market.
The only writer conclusively identified is Dan Ivandjiiski, who conducts public interviews on behalf of Zero Hedge.[6] The blog came online several days after he lost his job at Wexford Capital, a Connecticut-based hedge fund (run by a former Goldman trader).
Zero Hedge is not quite the NaturalNews of economics, but not for want of trying..."

Guest


Guest

Yes of course it's a website that doesn't kowtow to der furher Obama and it has no relevance. Lol

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