President Joe Biden - Kamala Harris Administration

[RikidyBones]

now you are changing the discussion.

Keyesian economics suggests government spending will stimulate economic growth. You claimed government spending IS economic growth

But the argument of Keynesian is horrible. It's outcomes are false and short term rather than creating and then calls for higher taxes. Because the gov isn't spending money made from anything other than tax payer dollars thus causing inflation. Thus causing high unemployment, higher poverty line, etc.

 

[evillawyer]

LMFAO a difference without distinction!

Cause and effect (if A, then B) vs. identity (A=B) God, you suck at logic.

 

[RikidyBones]

Cause and effect (if A, then B) vs. identity (A=B) God, you suck at logic.

In Keynesian, the money comes from somewhere. It either shows itself in inflation or higher taxes. Neither are braggable. I'm not sure why you are dying on such a silly hill.

Right now, the admin is deciding to leave it as inflation. Which is more money out of pockets for less goods. That's why so many are worried about "future generations". Cause they will get taxed

 

[evillawyer]

these problems remain 1) most of the government money flooding the economy comes from prior allocations rather than Biden money and 2) government dollars don't necessarily lead to growth

Take it up with the economists who have nearly universally backed Biden's economic recovery plan.

13 Nobel Prize-winning economists back Biden

 

[allvol123]

In Keynesian, the money comes from somewhere. It either shows itself in inflation or higher taxes. Neither are braggable. I'm not sure why you are dying on such a silly hill.

Right now, the admin is deciding to leave it as inflation. Which is more money out of pockets for less goods. That's why so many are worried about "future generations". Cause they will get taxed

Inflation, the taxing of the impoverished, first.

Good job Joe!

 

[volinbham]

Take it up with the economists who have nearly universally backed Biden's economic recovery plan.

nearly universally - interesting metric

PolitiFact - Joe Biden exaggerates support among economists for his $1.9 trillion COVID-19 relief plan

https://www.cato.org/blog/biden-plan

BTW - only one part of the massive plan has been passed; hard to credit current economic growth to a plan that isn't even in play.

But given your love of economic stimulus resulting in strong economic growth I see you are now on Team Trump and credit him for the economic recovery to date and the continued positive impact on the economy from his actions.

 

[utvolpj]

Take it up with the economists who have nearly universally backed Biden's economic recovery plan.

13 Nobel Prize-winning economists back Biden

Almost a year ago and the article even says they're likely just a cover letter for their job app

 

[RikidyBones]

Inflation, the taxing of the impoverished, first.

Good job Joe!

Exactly. EL hates poor people and thinks all minorities are held back into poverty... So EL hates black people.

 

[volfanhill]

Take it up with the economists who have nearly universally backed Biden's economic recovery plan.

13 Nobel Prize-winning economists back Biden

That award has been given out every year since 1969. So over 50 times. I am willing to bet there is more then 26 living Nobel prize living winners. So calm your tits. This was also more about who they supported Biden vs. Trump. Oh and LOL

 

[volinbham]

Take it up with the economists who have nearly universally backed Biden's economic recovery plan.

13 Nobel Prize-winning economists back Biden

oops, didn't see the Factcheck showing his and your claim as MOSTLY FALSE?

 

[volinbham]

View attachment 378708
That award has been given out every year since 1969. So over 50 times. I am willing to bet there is more then 26 living Nobel prize living winners. So calm your tits. This was also more about who they supported Biden vs. Trump. Oh and LOL

every damn time - he never reads what he posts

 

[BreatheUT]

Take it up with the economists who have nearly universally backed Biden's economic recovery plan.

13 Nobel Prize-winning economists back Biden

 

[volfanhill]

oops, didn't see the Factcheck showing his and your claim as MOSTLY FALSE?

That has to hurt.

 

[volfanhill]

every damn time - he never reads what he posts

It's remarkable

 

[RikidyBones]

View attachment 378708
That award has been given out every year since 1969. So over 50 times. I am willing to bet there is more then 26 living Nobel prize living winners. So calm your tits. This was also more about who they supported Biden vs. Trump. Oh and LOL

OMG. What a disaster

 

[RikidyBones]

oops, didn't see the Factcheck showing his and your claim as MOSTLY FALSE?

Nb4 the tired line of "oh now <insert whatever liberal thing is against their stupidity> matters?!?!!"

 

[evillawyer]

To my adoring fans

120+ Economists Call On Congress To Pass “Sweeping” Additional COVID Relief Package | Invest in America

 

[Orangeburst]

But the argument of Keynesian is horrible. It's outcomes are false and short term rather than creating and then calls for higher taxes. Because the gov isn't spending money made from anything other than tax payer dollars thus causing inflation. Thus causing high unemployment, higher poverty line, etc.

I am not as savy on economics as much as some of you, but I see the issues threefold:

1. It creates inflation, which devalues the money borrowed and spent, hence you already have a net negative if growth measured with this stimulus doesnt exceed inflation.
2. The borrowed money has a debt rate, so growth must excced 1+2 to have any return.
3. How can the principle ever be paid back? We literally borrowing to pay off past debts.

and 4 for ***** and giggles...Krugman is an idiot.

 

[volfanhill]

To my adoring fans

120+ Economists Call On Congress To Pass “Sweeping” Additional COVID Relief Package | Invest in America

Really. Again. How many economists do you think live in this country? I am supposed to be impress by a whole 120? Good lord. By your logic, we shouldn't do it bc so few support it.

 

[volinbham]

To my adoring fans

120+ Economists Call On Congress To Pass “Sweeping” Additional COVID Relief Package | Invest in America

relegated to an advocacy group that wants more spending

Sad

 

[evillawyer]

Really. Again. How many economists do you think live in this country? I am supposed to be impress by a whole 120? Good lord. By your logic, we shouldn't do it bc so few support it.

Give me the list of at least 120 economists who have come out and said the feds should not do any economic stimulus right now. I'll wait

 

[volfanhill]

Give me the list of at least 120 economists who have come out and said the feds should not do any economic stimulus right now. I'll wait

A whole 120...

 

[volfanhill]

Give me the list of at least 120 economists who have come out and said the feds should not do any economic stimulus right now. I'll wait

Maybe you can post some more articles you didn't read or post more Biden lies as deemed so by the lefts favorite fact checkers. At this point take the L.

 

[NorthDallas40]

Cause and effect (if A, then B) vs. identity (A=B) God, you suck at logic.

That’s rich as hell watching you spew this bull **** today here. Hey it’s not you it’s all of us pointing out how stupid your “points” are

 

[hog88]

Read closer love:

"Doesn't matter if that dollar is coming from government spending financed by debt or consumer spending financed by tax cuts. Fact is, a sh*t ton of money is being spent. That leads to economic growth, whether you like it or not."

I expressly said that government spending LEADS to economic growth, not that it IS economic growth.

Tax cuts do not necessarily have to increase debt so it does matter.