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<blockquote data-quote="diesel96" data-source="post: 748823" data-attributes="member: 9859"><p>It is sad to see that the U.S. Congress( mostly the guys with the (R) in front of their name) is having trouble passing just $24 billion for unemployment insurance at a time when the economy is weak and unemployment is at nearly 10 percent. This shows the power of right-wing ideology in this country: even the simplest, smallest and most obvious steps to relieve economic misery can be held back. </p><p>It seems that the right has made headway in convincing some politicians, and a good part of the media, to take seriously their message that government spending is the problem rather than a solution for our economic ills. However, the public is far from convinced....the latest Gallup poll finds that Americans favor "additional government spending to create jobs and stimulate the economy" by a huge margin of 60 percent to 38 percent.</p><p> </p><p><a href="http://www.google.com/url?sa=t&source=web&cd=1&ved=0CBIQFjAA&url=http%3A%2F%2Fwww.gallup.com%2Fpoll%2F140786%2Famericans-back-stimulus-spending-create-jobs.aspx&rct=j&q=Gallup+poll+finds+that+Americans+favor+%22additional+government+spending+to+create+jobs+and+stimulate+the+economy&ei=_QIrTJnXCoOClAfq9NzgAw&usg=AFQjCNHeb3v8HK5NT3FnpTcfap99fvC59Q" target="_blank"><span style="font-size: 15px"><span style="color: #1111cc"><strong>Americans</strong> Back More Stimulus Spending to Create Jobs</span></span></a></p><p> </p><p>The majority view is supported by basic economic logic. It was the collapse of private demand....consumption and investment brought on by the bursting of an $8 trillion housing bubble that put us in this mess. Since our trade deficit is growing again that leaves only government spending to give the economy a boost until private spending is sufficient to bring us back to full employment.</p><p> </p><p>Right-wing politicians argue that the last 16 months of stimulus have not worked, since unemployment remains at 9.7 percent. This is nonsense. The non-partisan Congressional Budget Office estimates that the president's initial stimulus created between 1.2 million and 2.8 million jobs, and private estimates... from across the political spectrum...are in the same range.</p><p> </p><p>The choice is simple, really.... more stimulus spending or more unemployment with more poverty and more people losing their homes and health insurance.</p><p> </p><p>The problem with the stimulus is simply that it has not been big enough....it has replaced perhaps one-tenth of the loss of private demand. </p><p> </p><p></p><p> </p><p>Your on to something here wkmac.....we (especially Canada) need to police the police now-a-days......Is the Gov't of Az pushing their LEO's down that road ?</p><p> </p><p>[video=youtube;gAfzUOx53Rg]http://www.youtube.com/watch?v=gAfzUOx53Rg&feature=related[/video]</p></blockquote><p></p>
[QUOTE="diesel96, post: 748823, member: 9859"] It is sad to see that the U.S. Congress( mostly the guys with the (R) in front of their name) is having trouble passing just $24 billion for unemployment insurance at a time when the economy is weak and unemployment is at nearly 10 percent. This shows the power of right-wing ideology in this country: even the simplest, smallest and most obvious steps to relieve economic misery can be held back. It seems that the right has made headway in convincing some politicians, and a good part of the media, to take seriously their message that government spending is the problem rather than a solution for our economic ills. However, the public is far from convinced....the latest Gallup poll finds that Americans favor "additional government spending to create jobs and stimulate the economy" by a huge margin of 60 percent to 38 percent. [URL="http://www.google.com/url?sa=t&source=web&cd=1&ved=0CBIQFjAA&url=http%3A%2F%2Fwww.gallup.com%2Fpoll%2F140786%2Famericans-back-stimulus-spending-create-jobs.aspx&rct=j&q=Gallup+poll+finds+that+Americans+favor+%22additional+government+spending+to+create+jobs+and+stimulate+the+economy&ei=_QIrTJnXCoOClAfq9NzgAw&usg=AFQjCNHeb3v8HK5NT3FnpTcfap99fvC59Q"][SIZE=4][COLOR=#1111cc][B]Americans[/B] Back More Stimulus Spending to Create Jobs[/COLOR][/SIZE][/URL] The majority view is supported by basic economic logic. It was the collapse of private demand....consumption and investment brought on by the bursting of an $8 trillion housing bubble that put us in this mess. Since our trade deficit is growing again that leaves only government spending to give the economy a boost until private spending is sufficient to bring us back to full employment. Right-wing politicians argue that the last 16 months of stimulus have not worked, since unemployment remains at 9.7 percent. This is nonsense. The non-partisan Congressional Budget Office estimates that the president's initial stimulus created between 1.2 million and 2.8 million jobs, and private estimates... from across the political spectrum...are in the same range. The choice is simple, really.... more stimulus spending or more unemployment with more poverty and more people losing their homes and health insurance. The problem with the stimulus is simply that it has not been big enough....it has replaced perhaps one-tenth of the loss of private demand. Your on to something here wkmac.....we (especially Canada) need to police the police now-a-days......Is the Gov't of Az pushing their LEO's down that road ? [video=youtube;gAfzUOx53Rg]http://www.youtube.com/watch?v=gAfzUOx53Rg&feature=related[/video] [/QUOTE]
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