Wednesday, January 28, 2009

Stimulus Package- How Spending Works

economy, depression, recession, stimulus, economic, conservative, liberal, acorn, national, mall, nea, john galt, libertarian

Okay, so I'm not an economist, and if you are, feel free to correct/educate me. (No, really, I learn a lot from people who take the time to correct me in my comments. It's pretty cool.)

First of all, Democrats are pushing spending as a way to help the economy, and Republicans are pushing tax cuts. Ideologically, this pretty much defines Democrats and Republicans. Here's the thing: both spending and tax cuts do stimulate an economy, the questions is how much and how quickly. For every dollar of spending, you get a $1.50 of stimulus, and it's quick. (Think about it: if Jack isn't working, he isn't paying bills or buying food or renting movies. Give Jack a job, and that's exactly what he'll do.) For every dollar of tax cuts, on the other hand, you get $0.75 of stimulus. Why? Anyone affected by a tax cut already has a job. They're already paying bills and buying food and renting movies. Give them a tax cut, and they might spend more, but maybe not. They might just put more money in their 401k, which doesn't help the economy right now.

So, let's take a look at the evul librul stimulus package, shall we?

$2.4 billion carbon capture products... that's clean coal technology ( i had to look it up.). That $2.4 billion will give people jobs: jobs in development, jobs in actually building the products, jobs in transporting the products, jobs in advertising the products. Jobs are good! (And a cleaner environment doesn't hurt, either. Please don't excoriate me on whether or not clean coal actually works, I don't know. Feel free to educate me, just don't yell.)

$4.19 billion for ACORN and other bogus "community organizing" groups... Yes, I know, the barely there scandal with ACORN. What does ACORN do, anyway? Well, for one thing, THEY EMPLOY PEOPLE. Again, jobs are good. ACORN employees help poor people, which is good, too. (I think that's what sets the bigotsphere off. How dare they help poor people! We all know poor people are immoral and lazy and promiscuous. How do you think they got poor in the first place?) They help with housing, they fight to end predatory lending, they're helping with the Gulf recovery, they help poor children get good educations, they fight for paid sick days and a living wage . . . ACORN is Teh Evul!

$650 million digital tv conversion... I don't really understand the whole conversion thing, but I'm guessing somebody will get a job out of this.

$79 billion to bail out the state education system...god knows we wouldn't want somebody teaching evilution or gay sex to 4 year olds!

Hundreds of millions for family planning...what, no number? damn those poor people wanting to control their fertility! how dare married poor people want to have Teh Seks! how dare poor women want pap smears! (i shouldn't have read that sinner's prayer. i think it worked.)

$400 million global warming research...scientists need jobs, too! (oh, and i'm pretty sure we all need air to breathe- unless Who Is John Galt? has gills.)

$50 million for the National Endowment for the Arts...$12 billion dollars A MONTH for the war in Iraq, and this asshat is angry about a onetime payment of $50 million for art? artists need to eat, too, buddy!

$200 million to refurbish the National Mall..does asshat think we will be refurbishing the National Mall by taping $200 million in ones over every surface? Hello, construction workers REALLY need jobs right now. And, George W. Bush's reign of terror allowed the National Mall, a symbol of our history, to turn into a national disgrace. It should have been refurbished years ago. Shameful.

so, true to his name, Who is John Galt? is against people having jobs. Good for you. See how well it works out for you when we hit depressionland. Asshat.

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