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Old July 18th, 2012, 12:21 PM   #1
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This is liberal economics 101. This would be true if the money funding this fell out of the sky, but it doesn't.



Quote:

Hoyer: Food Stamps, Unemployment Insurance 2 'Most Stimulative' Things for Economy



(CNSNews.com) – House Minority Whip Steny Hoyer (D-Md.) said Tuesday that food stamps and unemployment insurance are the two "most stimulative" t things you can do for the economy.



During a pen and pad briefing with reporters on Capitol Hill, Hoyer was asked if any Democrats are “reconsidering the wisdom” of letting the Bush tax cuts expire at year’s end for the top income earners given the still struggling U.S. economy.



"I haven’t talked to any who are of that mind," said Hoyer. "If you talk to economists, they will tell you there are two things that are the most stimulative that you can do -- one’s unemployment insurance, the other’s food stamps, okay?”



“Why is that?” he said. “Because those folks who receive those resources must spend them. And they’ll spend them almost upon receipt. Most economists with whom I talk believe that those with significant discretionary income, that that’s not the case.”



Unless action is taken by Congress, the Bush tax cuts will expire on Jan. 1, 2013. Originally enacted in 2001 and 2003, President Barack Obama and Congress renewed the cuts for all income-brackets for two years in 2010.



Obama and the Democrats are now proposing that the rates be extended for one more year, until the end of 2013, for people earning less than $250,000 a year, while Republicans want the rates extended for people in all income brackets.



The Congressional Budget Office (CBO has projected that if the Bush tax cuts are allowed to expire at the end of 2012, coupled with the defense cut sequester, it will lead to a 1.3 percent contraction in GDP after Jan. 1, 2013.
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Old July 18th, 2012, 12:32 PM   #2
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I don't know about falling from the sky, but money has been pouring out of the Fed and the banking system for more than a decade.



In fact, we may see QE3!!! Just not before the election, that's for sure. Big money, and big bankers, are lining up behind Mr. Romney.
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Old July 18th, 2012, 12:41 PM   #3
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Quote:
Originally Posted by imaginethat View Post
I don't know about falling from the sky, but money has been pouring out of the Fed and the banking system for more than a decade.



In fact, we may see QE3!!! Just not before the election, that's for sure. Big money, and big bankers, are lining up behind Mr. Romney.


Hoyer’s statement is not a liberal outlier. Nancy Pelosi made these statements when Speaker of the House:


[indent=1]Unemployment Checks Fastest Way to Create Jobs. Unemployment benefits are creating jobs faster than practically any other program. It injects demand into the economy. It creates jobs faster than almost any other initiative you can name.[/indent]
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Old July 18th, 2012, 01:14 PM   #4
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Quote:
Originally Posted by Jimmyb View Post
Quote:
Originally Posted by imaginethat' timestamp='1342639934' post='414661

I don't know about falling from the sky, but money has been pouring out of the Fed and the banking system for more than a decade.



In fact, we may see QE3!!! Just not before the election, that's for sure. Big money, and big bankers, are lining up behind Mr. Romney.


Hoyer’s statement is not a liberal outlier. Nancy Pelosi made these statements when Speaker of the House:


[indent=1]Unemployment Checks Fastest Way to Create Jobs. Unemployment benefits are creating jobs faster than practically any other program. It injects demand into the economy. It creates jobs faster than almost any other initiative you can name.[/indent]


I'm not saying Hoyer is a liberal outlier. I'm saying, don't expect anything but promises from the Fed before Nov. 4, because big money and big bankers want a President Romney.



And I'm puzzled Jimmy. Unemployment benefits put money directly into the hands of citizens, as opposed to the bailouts to big money and big bankers.
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Old July 18th, 2012, 01:59 PM   #5
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Quote:
Originally Posted by imaginethat View Post
Quote:
Originally Posted by Jimmyb' timestamp='1342640498' post='414664

[quote name='imaginethat' timestamp='1342639934' post='414661']

I don't know about falling from the sky, but money has been pouring out of the Fed and the banking system for more than a decade.



In fact, we may see QE3!!! Just not before the election, that's for sure. Big money, and big bankers, are lining up behind Mr. Romney.


Hoyer’s statement is not a liberal outlier. Nancy Pelosi made these statements when Speaker of the House:


[indent=1]Unemployment Checks Fastest Way to Create Jobs. Unemployment benefits are creating jobs faster than practically any other program. It injects demand into the economy. It creates jobs faster than almost any other initiative you can name.[/indent]


I'm not saying Hoyer is a liberal outlier. I'm saying, don't expect anything but promises from the Fed before Nov. 4, because big money and big bankers want a President Romney.



And I'm puzzled Jimmy. Unemployment benefits put money directly into the hands of citizens, as opposed to the bailouts to big money and big bankers.

[/quote]



I feel the same way about the bailouts.
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Old July 18th, 2012, 02:47 PM   #6
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The government should bail out everybody who carries a debt.
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Old July 18th, 2012, 02:52 PM   #7
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Quote:
Originally Posted by Jimmyb View Post
Quote:
Originally Posted by imaginethat' timestamp='1342642463' post='414668

[quote name='Jimmyb' timestamp='1342640498' post='414664']

[quote name='imaginethat' timestamp='1342639934' post='414661']

I don't know about falling from the sky, but money has been pouring out of the Fed and the banking system for more than a decade.



In fact, we may see QE3!!! Just not before the election, that's for sure. Big money, and big bankers, are lining up behind Mr. Romney.


Hoyer’s statement is not a liberal outlier. Nancy Pelosi made these statements when Speaker of the House:


[indent=1]Unemployment Checks Fastest Way to Create Jobs. Unemployment benefits are creating jobs faster than practically any other program. It injects demand into the economy. It creates jobs faster than almost any other initiative you can name.[/indent]


I'm not saying Hoyer is a liberal outlier. I'm saying, don't expect anything but promises from the Fed before Nov. 4, because big money and big bankers want a President Romney.



And I'm puzzled Jimmy. Unemployment benefits put money directly into the hands of citizens, as opposed to the bailouts to big money and big bankers.

[/quote]



I feel the same way about the bailouts.

[/quote]





TARP was signed into law by Bush and had broad bipartisan support, so why are you indicting only "liberals" for it's passage?



Even McCain stopped his campaign short to go run back to Washington an lobby for the bailouts.
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Old July 18th, 2012, 02:55 PM   #8
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Quote:
Originally Posted by knowuryder View Post
Quote:
Originally Posted by Jimmyb' timestamp='1342645141' post='414675

[quote name='imaginethat' timestamp='1342642463' post='414668']

[quote name='Jimmyb' timestamp='1342640498' post='414664']

[quote name='imaginethat' timestamp='1342639934' post='414661']

I don't know about falling from the sky, but money has been pouring out of the Fed and the banking system for more than a decade.



In fact, we may see QE3!!! Just not before the election, that's for sure. Big money, and big bankers, are lining up behind Mr. Romney.


Hoyer’s statement is not a liberal outlier. Nancy Pelosi made these statements when Speaker of the House:


[indent=1]Unemployment Checks Fastest Way to Create Jobs. Unemployment benefits are creating jobs faster than practically any other program. It injects demand into the economy. It creates jobs faster than almost any other initiative you can name.[/indent]


I'm not saying Hoyer is a liberal outlier. I'm saying, don't expect anything but promises from the Fed before Nov. 4, because big money and big bankers want a President Romney.



And I'm puzzled Jimmy. Unemployment benefits put money directly into the hands of citizens, as opposed to the bailouts to big money and big bankers.

[/quote]



I feel the same way about the bailouts.

[/quote]





TARP was signed into law by Bush and had broad bipartisan support, so why are you indicting only "liberals" for it's passage?



Even McCain stopped his campaign short to go run back to Washington an lobby for the bailouts.

[/quote]



Man, are you ever putting an overlay on Jimmy. First, it'd be good to put things in context.



I'
Quote:
Originally Posted by Jimmyb View Post
Quote:
Originally Posted by imaginethat' timestamp='1342642463' post='414668

[quote name='Jimmyb' timestamp='1342640498' post='414664']

[quote name='imaginethat' timestamp='1342639934' post='414661']

I don't know about falling from the sky, but money has been pouring out of the Fed and the banking system for more than a decade.



In fact, we may see QE3!!! Just not before the election, that's for sure. Big money, and big bankers, are lining up behind Mr. Romney.


Hoyer’s statement is not a liberal outlier. Nancy Pelosi made these statements when Speaker of the House:


[indent=1]Unemployment Checks Fastest Way to Create Jobs. Unemployment benefits are creating jobs faster than practically any other program. It injects demand into the economy. It creates jobs faster than almost any other initiative you can name.[/indent]


I'm not saying Hoyer is a liberal outlier. I'm saying, don't expect anything but promises from the Fed before Nov. 4, because big money and big bankers want a President Romney.



And I'm puzzled Jimmy. Unemployment benefits put money directly into the hands of citizens, as opposed to the bailouts to big money and big bankers.

[/quote]



I feel the same way about the bailouts.

[/quote]



Second, after putting things in context, you claim that he's blaming liberals for anything simply vanishes.
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Old July 18th, 2012, 02:57 PM   #9
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Quote:
Originally Posted by imaginethat View Post
Quote:
Originally Posted by knowuryder' timestamp='1342648339' post='414697

[quote name='Jimmyb' timestamp='1342645141' post='414675']

[quote name='imaginethat' timestamp='1342642463' post='414668']

[quote name='Jimmyb' timestamp='1342640498' post='414664']

[quote name='imaginethat' timestamp='1342639934' post='414661']

I don't know about falling from the sky, but money has been pouring out of the Fed and the banking system for more than a decade.



In fact, we may see QE3!!! Just not before the election, that's for sure. Big money, and big bankers, are lining up behind Mr. Romney.


Hoyer’s statement is not a liberal outlier. Nancy Pelosi made these statements when Speaker of the House:


[indent=1]Unemployment Checks Fastest Way to Create Jobs. Unemployment benefits are creating jobs faster than practically any other program. It injects demand into the economy. It creates jobs faster than almost any other initiative you can name.[/indent]


I'm not saying Hoyer is a liberal outlier. I'm saying, don't expect anything but promises from the Fed before Nov. 4, because big money and big bankers want a President Romney.



And I'm puzzled Jimmy. Unemployment benefits put money directly into the hands of citizens, as opposed to the bailouts to big money and big bankers.

[/quote]



I feel the same way about the bailouts.

[/quote]





TARP was signed into law by Bush and had broad bipartisan support, so why are you indicting only "liberals" for it's passage?



Even McCain stopped his campaign short to go run back to Washington an lobby for the bailouts.

[/quote]



Man, are you ever putting an overlay on Jimmy. First, it'd be good to put things in context.



I'
Quote:
Originally Posted by Jimmyb View Post
Quote:
Originally Posted by imaginethat' timestamp='1342642463' post='414668

[quote name='Jimmyb' timestamp='1342640498' post='414664']

[quote name='imaginethat' timestamp='1342639934' post='414661']

I don't know about falling from the sky, but money has been pouring out of the Fed and the banking system for more than a decade.



In fact, we may see QE3!!! Just not before the election, that's for sure. Big money, and big bankers, are lining up behind Mr. Romney.


Hoyer’s statement is not a liberal outlier. Nancy Pelosi made these statements when Speaker of the House:


[indent=1]Unemployment Checks Fastest Way to Create Jobs. Unemployment benefits are creating jobs faster than practically any other program. It injects demand into the economy. It creates jobs faster than almost any other initiative you can name.[/indent]


I'm not saying Hoyer is a liberal outlier. I'm saying, don't expect anything but promises from the Fed before Nov. 4, because big money and big bankers want a President Romney.



And I'm puzzled Jimmy. Unemployment benefits put money directly into the hands of citizens, as opposed to the bailouts to big money and big bankers.

[/quote]



I feel the same way about the bailouts.

[/quote]



Second, after putting things in context, you claim that I'm blaming liberals for anything simply vanishes.

[/quote]



That was not directed at you it was directed at Jimmy, sorry if I replied to the wrong post in the thread.
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Old July 18th, 2012, 03:01 PM   #10
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Quote:
Originally Posted by knowuryder View Post
Quote:
Originally Posted by Jimmyb' timestamp='1342645141' post='414675

[quote name='imaginethat' timestamp='1342642463' post='414668']

[quote name='Jimmyb' timestamp='1342640498' post='414664']

[quote name='imaginethat' timestamp='1342639934' post='414661']

I don't know about falling from the sky, but money has been pouring out of the Fed and the banking system for more than a decade.



In fact, we may see QE3!!! Just not before the election, that's for sure. Big money, and big bankers, are lining up behind Mr. Romney.


Hoyer’s statement is not a liberal outlier. Nancy Pelosi made these statements when Speaker of the House:


[indent=1]Unemployment Checks Fastest Way to Create Jobs. Unemployment benefits are creating jobs faster than practically any other program. It injects demand into the economy. It creates jobs faster than almost any other initiative you can name.[/indent]






I'm not saying Hoyer is a liberal outlier. I'm saying, don't expect anything but promises from the Fed before Nov. 4, because big money and big bankers want a President Romney.



And I'm puzzled Jimmy. Unemployment benefits put money directly into the hands of citizens, as opposed to the bailouts to big money and big bankers.

[/quote]



I feel the same way about the bailouts.

[/quote]





TARP was signed into law by Bush and had broad bipartisan support, so why are you indicting only "liberals" for it's passage?



Even McCain stopped his campaign short to go run back to Washington an lobby for the bailouts.

[/quote]



I don't know. Why don't you point out where I indicted liberals about TARP? How long have you been creating alternate realities in your mind?
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