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Thread: Occupy Wall Street protest
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10-29-2011 #701
Re: Occupy Wall Street protest
But pleasures are like poppies spread
You seize the flow'r, the bloom is shed
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10-29-2011 #702
- Join Date
- Dec 2006
- Location
- Canada
- Posts
- 220
Re: Occupy Wall Street protest
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10-29-2011 #703
Re: Occupy Wall Street protest
Dear God, does your intellectual dishonesty know no bounds??? You claim you want to deal in facts, please start, I've been waiting. The entire economics profession has countless charts, graphs and models that all point to the effectiveness of the stimulus and the need for more. Here's one based on the model by conservative Douglas Holtz-Eakin:
Where's your evidence? If what you claim is so obviously true it would show up in the data. You can only point to dishonest Heritage Foundation graphs which I've already debunked in the Politics section. The balance of evidence completely vindicates Keynesianism and refutes your austerity approach.
As for your testimony, first of all the CBO director says he believes according to the evidence that the stimulus worked and more stimulus is needed so case basically closed. But you're taken in by a deceptive and meaningless question by the radical extremist Toomey. Let me illustrate how useless this question by posing another.
SEN TOOMEY: I know it is your view that the recent failure to drop atomic weapons on Chicago has saved millions of lives that would have been lost if we had dropped nuclear bombs on the city. But surely you'd agree, that that essentially asks for a comparison to a counterfactual, and as such, it's completely impossible to prove?
DR. DOUGLAS ELMENDORF, director of the CBO: Yes, that's right, senator.
You see this? Every counterfactual is impossible to prove! And since time only appears to go in one direction we can't go back to do experiments to see what would have happened. But this does not mean we have no idea how the world works because we can track different policies across locations and over time. And the evidence from all this research says, as the CBO director says, the stimulus worked and we need more.
This is basically a red herring. I've never said that tax-cuts are not stimulative, just that they're far less stimulative than fiscal policy and hence a waste of money. It's up to you to defend why you think tax cuts are stimulative but fiscal policy is not, because all the evidence and the experts contradict that claim. In a previous post in this thread I already outlined the case for infrastructure spending now.
You haven't provided a single shred of evidence for your point of view, just misdirection, character assassination and wildly incorrect claims. Btw I'm still waiting for all those examples of when Krugman was "flat out wrong." But I'm not holding my breath.
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10-29-2011 #704
- Join Date
- Apr 2010
- Posts
- 36
Re: Occupy Wall Street protest
If there's one thing we can all agree on...if we hadn't wasted $1 Trillion in Iraq (thanks Bush supporters you know who you were), we would probably be $1 Trillion (+interest) wealthier as a nation. We would probably also be working on getting to Mars, building the fastest supercolliders and the world's fastest computer instead. We're way behind in education and it's starting to show on our trajectory to 2nd world status (thanks crappy educational system, bad parents, rap music and restrictions on smart immigrants from scaaary countries coming here).
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10-29-2011 #705
- Join Date
- Dec 2006
- Location
- Canada
- Posts
- 220
Re: Occupy Wall Street protest
Serious question from a non Amrerican:
Is there a chance the Democrats will put someone up against Obama for the Dem nomination?
There was a report on a poll i heard on the local news here in Toronto Canada that Hilary Clinton would destroy any republican candidate by something like 20 points.
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10-29-2011 #706
- Join Date
- Dec 2006
- Location
- Canada
- Posts
- 220
Re: Occupy Wall Street protest
I'm a conservative voter (granted Conservative in Canada is somewhat different than the US, here in Canada the Conservative Prime Minister has no intrest in opening the gay marriage or abortion (both legal) debates)) but from the numbers I've seen Obama has added to the debt in 3 1/2 years as much as Bush added in 8 years.
Am I wrong?
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10-29-2011 #707
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10-29-2011 #708
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10-29-2011 #709
- Join Date
- Dec 2006
- Location
- Canada
- Posts
- 220
Re: Occupy Wall Street protest
Last edited by cockgobbler; 10-29-2011 at 03:55 AM.
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10-29-2011 #710
- Join Date
- Dec 2006
- Location
- Canada
- Posts
- 220
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