Quote:
Originally Posted by Little Stevie
 This is a reasoned response? LMAO! Cap'n Kangaroo. I mentioned specifics YOU chose to deflect. Go play with your mirror. |
I'm happy you seem sufficiently amused that you see fit to post a cute little emoticon. But you're once again dodging the fact that you posted nothing of substance, as I suggested that you do in post nos. 24, 42, and 44. You continue to fail to offer a reasoned response to my very simple question, and to back up your foolish claim that I posted a "mistake" in a thread on recovery from recessions. If you wish to have us believe that you've even remotely attempted to offer specifics, you must give a clear answer to that question.
Simply offering a clueless statement such as this:
Quote:
Originally Posted by Little Stevie
Then you have the stupidity and audacity to claim the stimulus did not head off a depression.
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...which, of course, not only fails to answer the question, but is ridiculous on its face -- and obviously does not rise to the level of being classifiable as a "reasoned response!"
I also suggested to you that if you want to learn more about this issue, you can simply go here:
http://www.eccie.net/showthread.php?t=353036&highlight
Although you started the thread, you apparently learned nothing from it. Note posts 19, 21, and 34. Get back to me with specific responses if you disagree; otherwise you would do well to hit the "mute button" again!
And no one believes the ARRA was necessary to prevent an "abysmal depression" (your words), save for a few extreme partisans, ideologues, lefty bloggers, and other flat-earthers. For one thing, all you need to do is look at the timeline. In terms of all the data we watch (industrial production, new orders, inventory drawdown/accumulation, etc., the descent had abated and the economy was stabilizing before any of the "stimulus" money was even spent.
And as I explained in the other thread, there's not a shred of evidence that fiscal stimulus plans work as claimed by their supporters. Please point to an instance in U.S. history when such an initiative has boosted the wealth of the nation, or even worked remotely as well as its supporters would have you believe.
Since the founding of our nation, we've had recessions, financial crises of various sorts, bank panics, asset bubble busts, deflations, etc. But prior to the 1930s, no one engaged in the practice of pushing through a big surge of spending in an effort to combat a recession. But the economy always recovered, generally very quickly and robustly.
History is abundandly clear on that.
A Typical Clueless Little Stevie Rant!
