Recovery.gov

[Wilfredo Ledezma]

When will stagflation kick in?

2012??

[DennyMcLain]

I agree on the first part. Which is why I think the banks should've never taken that bailout back in the fall.

Thanks... sort of.

The Iraq spending thing is in the past. Your never going to get that money back, so it's useless whining about it.

That's the whole fucking point, assclown. THAT money is gone forever. THIS money can be paid back in the form of commerce.

Plus, its irrelevant to the question. If the government is going to create jobs, how do they pay their employees? You can't just create revenue and capital out of thin air.

WHAT DO YOU THINK THE SPENDING PACKAGE IS FOR? DO YOU HAVE ANY CLUE WHAT YOU'RE TALKING ABOUT????

Jimmy Carter tried this.

FUCK JIMMY CARTER!!!!

[Wilfredo Ledezma]

WHAT DO YOU THINK THE SPENDING PACKAGE IS FOR? DO YOU HAVE ANY CLUE WHAT YOU'RE TALKING ABOUT????

Government spending doesn't increase aggregate consumption. Plus none of the jobs it creates are sustainable. Infrastructure work is short-term.

[DennyMcLain]

Government spending doesn't increase aggregate consumption. Plus none of the jobs it creates are sustainable. Infrastructure work is short-term.

Infrastructure work isn't just government "employment". It's steel, concrete, wood, electrical and other materials needed to build a bridge, or a dam, or railways, or whatever. These materials are supplied by companies currently laying off huge numbers (or going under) due to low growth in development, and these companies are middle men for raw material companies supplying them the wood, steel or whatever. This helps the steel mills and the loggers and the copper mines, etc. etc.

Consider it fuel for a fire. If the logs are dry enough, the fire can take. If the logs are too moist, it won't. The key is to get fuel on those logs and light them before the rain of despair soaks them so completely that no catalyst will work.

It's a trickle up effect that, if performd wisely, can work. Oh, I forgot to mention all of the taxes on those goods, for both the state and federal sides.