Because if the United States doesn't share it's wealth(such as it is) with the world, the world will be less inclined to share it with America. As a result alot less money gets spent and the multiplyer effect is greatly reduced.can someone explain in lament terms, what is so bad about protectionism? why is it so bad for the US?
ohk. what about with the obama stimulus? apparently you have to buy US metal and iron for infrastructure. isn't that a good thing? keeping jobs within the US? i only see Europe/Asia having a fit.You end up paying more for shittier quality stuff in order to subsidise inefficient industries.
It's terrible.
hmm, i get what you mean.Because if the United States doesn't share it's wealth(such as it is) with the world, the world will be less inclined to share it with America. As a result alot less money gets spent and the multiplyer effect is greatly reduced.
Stimulus Battle, Obama Cabinet Top Week's News | Online NewsHour | February 13, 2009 | PBSI think it's a wasted opportunity. And I wish they had taken a bill and really done a sharp, short, shock, temporary, timely and targeted, as Larry Summers once said. And that would have been like a payroll tax going right to the lower middle class, giving them a lot of money right away.
But, instead, they married some stimulus with a bunch of long-term stuff which will spend out very slowly, very diluted across dozens or, really, hundreds of programs, and I think it will have a very limited effect.
And, you know, Christina Romer talked about the Rooseveltian moment. And that's the crucial variable here. What is public confidence? We spent $1.7 trillion last year, had no stimulative effect that I can tell because confidence is so low.
And that's the thing none of the economists can really calculate; it doesn't fit into their models. So when they're projecting job projections, that's all based on a guess of how people feel. But if people are still scared about the future, then they're not going to -- they're not going to invest. They're not going to risk. They're not going to spend.
And so I'm -- my regret is that they didn't really hit it hard, hit it temporary, and not shove in all these other programs.
nah dawg. if we protect one industry, another industry will be disadvantaged.ohk. what about with the obama stimulus? apparently you have to buy US metal and iron for infrastructure. isn't that a good thing? keeping jobs within the US? i only see Europe/Asia having a fit.
We need another World War so that, when it ends, everyone will be happy and consumer and business confidence will boom.I liked David Brooks' take on the stimulus package:
Stimulus Battle, Obama Cabinet Top Week's News | Online NewsHour | February 13, 2009 | PBS
Are you trolling or serious?We need another World War so that, when it ends, everyone will be happy and consumer and business confidence will boom.
Money.Surely there are things besides armies and economies to stimulate?
flicks hair
"If you can't act gay, you are gay". Nuff said.Iron I am under the distinct impression that you are flirting with me.
please send a naked picture of yourself to me asap
Most homophobes are closet homosexuals I suppose.