Re: Deficits no concern?


"*** 'Tater" <nunya@xxxxxxxxxxxxxxx> wrote in message
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Ed Huntress wrote:
"*** 'Tater" <nunya@xxxxxxxxxxxxxxx> wrote in message
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Ed Huntress wrote:
"Richard J Kinch" <kinch@xxxxxxxxxxx> wrote in message
news:Xns9B6F8E6C0F397someconundrum@xxxxxxxxxxxxxxxxx
Ed Huntress writes:

There are thousands of such projects all over the country.

Sure, but added all together they don't begin to approach the scale
of make-work that will be effective, for better or worse. The
bleating about "infrastructure" is just cover. Obama wants to hand
out checks equal to the GDP...

Economists who are evaluating his statements are saying perhaps 12%
of GDP.

...like a new Roman emperor buying loyalty from his legions, but it
cannot be called a handout. It must be for the children, or for
"crumbling" infrastructure, or creating goodjobsatgoodwages, etc.
Prepare to be stimulated.

Empty speculation, based on vapor, not on facts.

I'm sure Richard has "learned" all of what he proclaims on the talk
show circuit.
Those guys are interested in garnering an audience, not sharing
knowelege.

I hope you're not referring to Richard. <g> FWIW, there is plenty of
talk and conventional wisdom to support what he says about this
subject. The trouble is (and it's fortunate for me, because it
provides me with a job), the conventional wisdom is wrong more than
half of the time.

Ok but after a little study I've concluded that such talk and conventional
wisdom is refuted by the actual facts and history.

Sure. The conventional wisdom about saving and virtue is exactly what got
Japan into stagnation for a decade. They saved themselves right into an
economic slump. If they'd spent more on domestic products instead of relying
on exports in the face of cheaper competition they would have thrived.
Little in economics is as simple as it appears.


And it only took me 30 seconds to check the Fed for money supply
figures; less than a minute, and I had them graphed. Although it's
frustrating to me here, I'm glad, in a way, that most people don't
bother to see if they're making correct assumptions.

Sure Ed!
It's what you have earned your living doing. Were everyone to poke around
a
little you'd have had to be iether unemployeed or spent your years makin'
stuff.
LOL

My fear is that there is a team in India or Russia writing a computer
program as we speak, that does it better and faster.

--
Ed Huntress


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