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Originally Posted by whell
It was a question, not a statement. I did go to great lengths to even add a question mark at the end of the sentence.
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Fair enough. Bear with me while I work my way through the nuances.
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Originally Posted by whell
But Nancy Pelosi tells us that unemployment benefit payments "creates jobs faster than most any other initiative"!  I believe that government spending could be reduced - with the money being returned to the economy and spent productively - without creating government unemployment.
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Nancy does look surprisingly life-like on occasion, doesn't she? Don't remember that quote but I'll take your word for it. Not sure I agree but I think you'll agree that people can't spend what they don't have (please don't ask me 'Why not? The government does.') and unemployment benefits do put cash in the economy. I'd be quite interested in the details of the 'return it and they'll spend it' assertion particularly as it relates to the large corporations.
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Originally Posted by whell
Maybe no freeze - dried solutions. But at least we now know what solutions don't work, and hopefully we don't make the mistake of rolling them out again.
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Not sure I agree that we know that the stimulus didn't work. There are those who would assert that absent the stimulus the U.S. would have actually fallen into depression.