What do we expect of the woman who said congress has to pass the health care reform bill before we will know what’s in it.
So, if unemployment grows, this grows the stimulus effect and GDP grows leading to decreased unemployment?
Nancy, then if GDP grows and unemployments decreases, you will call for greater unemployment to grow the economy?
Are you senile or the stupidest person on the planet.
So, if we take her idea to its “logical” conclusion, EVERYONE should become unemployed and sign up for unemployment benefits and food stamps. This will make the economy recover instantly, with an added bonus that with $1.75 going back in to the economy for every $1.00 spent on welfare, the “mythical” deficit should disappear injust a few short years.
Wow! That’s incerdible.
One problem, though, if EVERYONE is unemployed, who will hand out the food stamps?
only difference between today and 1930’s is today everybody gets supported by the gubmint.................... With maxed out credit cards..........................that China is backing................for awhile............
She honestly believes that taking money from the productive to subsidize the non-productive will grow the economy. Every day, we get more insights into the mindset that got us into the disaster we are in.
She really IS crazy.
She confusing the movement of cash from savings/investment (present or future) TO consumption. This actually causes a decline in an economy because the thing consumed has a lesser value than the cost of it (i.e. consumption means capital eaten today is not here for investment tomorrow).
This is why we have to stop electing spoiled rich people who don’t have a clue what the real world is like. The worst thing that has happened to this country is turning politics into entertainment.
Dem Keynesians are told that for every dollar they borrow and spend, we get at least $1.50 in new GDP, which amounts to a certain amount of jobs.......
That’s why they will always keep insisting that the stimulus worked and the economy would have been worse by that much GDP and jobs if they hadn’t borrowed and spent the economy...
Which ignores WHY the economy started sliding and contracting in the first place......there’s fiscal policy, monetary policy, and regulatory policy.......
There was really NOTHING wrong with fiscal policy before the recession, ‘cept tax on profits was too high and tax on short term cap-gains was too low......
Meanwhile, government social spending does NOT “grow” the economy.....it might keep it from shrinking a little now by borrowing some growth from the future.....plus it’s the humane thing to do...
We also have a President who didn't know that cap gains tax dereases had actually increased revenues throughout modern history. This was revealed in a Charlie Gibson interview with the brilliant one prior to his being elected.
We're in deep doo-doo people.
I didn’t think you could get dumber than brain dead.
(MA)Welfare card can be swiped for booze, slots
http://www.bostonherald.com/news/regional/view/20101008welfare_card_can_be_swiped_for_booze_slots/srvc=home&position=0
Nancy Pelosi is a nerd, if the people of California votes her in again, they deserve the poverty they will get.
