Saturday, June 18, 2011

Steve's barking at Stimulus, none stimulus package

Oh no. I heard another  brain dead person proclaime that the so called stimulus package was a failure.
Lets put this in prospective in reality it should be called the Dutch boy putting his finger in the dike  package. I hope one can recall the story of the brave Dutch boy who saw water coming out of a hole in the dike leaking water, he put his finger in the dike to stop the leak. The story was told that he saved the town, and the town rallied around him. That's what really happened with the so called stimulus packages except the people did't rally around them. Several packages were sent to congress trying to evert a flood of bad unemployment and the total collapse of our economic system. 
Now one can argue that unemployment is unexceptionably too high. One can even make the claim if we had spent a trillion dollars more we actually could have jumped stared the economy,  but one can not make the argument that the Bush and Obama administrations didn't help stop the flood by spending too much with the exception of illogical idiots.
 Now I do believe that I know what the formula is.
 X (the number employed) plus y (disposable income (after necessaries are paid)) = y (the number of jobs added to the economy).
The reverse is also true in the opposite .
The saving of the auto industry has saved thousand of jobs not connected to auto industry.
The giving of cash to the states saved thousand of non government jobs in the state.
The reducing  of x and y reduces the amount of jobs reducing the amount of taxes of such states. Reducing the amount of jobs. One can call this a job deflation.
I've heard how from the so called conservative economist that the Roosevelt stimulus package didn't work.
In 1938 there was more unemployment then in 1933. Of cause they didn't realize (or even worse) that those working didn't have a high disposable income there by failing to jump start the economy.
The claim is that word War Two brought us out of the depression. They are right, the greatest stimulus known to man brought us out of the great depression.

Those who call themselves economist and don't understand this I have to call illogical fools.
I realize that this is one of the more boring blogs I have written, so be it.    

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