Rendell: Food stamps not welfare, but economic stimulus…
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Rendell: Food stamps not welfare, but economic stimulus…
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13 Comments
Your Honor, My client wasn't robbing the bank, he was stimulating the economy.
Will Rendell's economic idiocy never end?
Taking a bucket of water from the deep end of the pool and pouring it into the shallow end of the same pool DOES NOTHING to stimulate, produce jobs, or otherwise cure that which is a fundamental insolvency. Jobs/consumption reduced by the action of taking a bucket of water from the deep end offset any jobs or consumption created by pouring the bucket into the shallow end. This is lunacy. The whole country has gone mad. See Alan Keyes commentary on the economy beginning at the three minute mark, here:
[youtube 3DlTgrMCxPg http://www.youtube.com/watch?v=3DlTgrMCxPg youtube]
I think Ed Rendell has lost his mind or drank too much Philly water. He needs a brain transplant. welfare is now stimulus?Why doesn't he find a ways to stimulate these people to work.
What Rendell appears to be desiring is not just the status quo in the use of 'food stamps' rather he wants an increase in the persons who are 'in need' of food stamps thus creating spending more government money ON FOOD as a way to stimulate the economy? Ah. Now we know the real plan for liberal /politically correct progressive governance. Keep the national financial crisis going – more out of work, more getting extended unemployment 'entitlements' and more in need of government help. Statewide, there will have to be measures enacted to put more people out of work, rather than enable private-sector job creation. Whatever the state Democrats propose look for the side effect – fewer small businesses will be able to remain in business as taxes rise, (more govt money will be needed to provide for more of those needy/out of work, etc.) It's brilliant, really brilliant. The short route to serfdom.
Head-spinning as is the plan, obviously. Mark Zandi's testimony wherein he states… what he does… about food stamp payments increasing GDP… house.gov/smbiz/hearings/hearing-07-24-08-stimulus/Zandi.pdf
He also suggests: "Another economically potent stimulus is aid to financially-pressed state governments."
Hmm. (registered Democrat) Zandi – an ex-advisor to presidential candidate John McCain. Wonder if he gave McCain that advice when McCain trekked back to Washington interrupting his campaign? Media's Zandi Zeitgeist: Government Spending Trumps Tax Cuts
Journalists' leanings toward Keynesian stimulus tactics have centered on economist that advised McCain presidential campaign, but is a registered Democrat. businessandmedia.org/articles/2009/20090204133834.aspx
Alexander Hamilton, Federalist No. 79:
"…In the general course of human nature, A POWER OVER A MAN's SUBSISTENCE AMOUNTS TO A POWER OVER HIS WILL…."
This is no accident.
Hope this isn't frowned upon, clip from other source.
…Other economists say Rendell is right. Every $1 spent in the food stamp program creates a $1.73 increase in gross domestic product, according to a study by Mark Zandi, chief economist with Moody's Economy.com.
I wonder how every dollar of debt effects the GDP in lost income.
18 posted on Thursday, March 12, 2009 10:23:38 AM by Neverforget01
http://www.freerepublic.com/focus/f-news/2205007/...
Another verbal gaffe by Rendell. If he was not so serious, they would be comical.
Anytime you see a suggestion or discussion of some magical "multiplier effect"…….know that you are dealing with a Keynesian.
Are we financing food stamps with debt or via current tax receipts? I assume we are financing food stamps with current tax receipts.
What would those dollars have done if they were left in the hands of the person/people who earned them?
There is NEVER any discussion of the unseen impact of taking money from the productive sector. Would that member of the productive sector have used his/her money to create a job? What is the impact on the human psyche of forcing an otherwise productive citizen to accept a hand out?
Ed Rendell and the rest of the reprobates would be well advised to concentrate on creating jobs by improving the business tax environment rather than on creating/expanding the dependent class.
Fast Eddy is right, Food Stamps are a big stimulator of the economy and the multiplier is much greater than they predict. First they go to the butcher shop and buy steaks, this benefits the butcher shop, truck driver, slaughter house and rancher. Then they turn around and sell the steaks at 50 cents on the dollar to their friends. They take that money to the drug dealer and the state store. This stimulates the economies of Mexico and Columbia and the smugglers and dealers. The money also goes back to the state at an 83% profit at the state stores. This stimulates the economies of Harrisburg and the cheap bottlers in Kentucky and California. Where is the down side? How can anybody be against all this. Oh, by the way. Once the food runs out, it is time to visit the soup kitchens and Food Banks to get the meal a day parents feed their kids. This stimulates charities and school cafeterias.
Food for thought, Dolly. thanks. It's unclear whether new stimulus pkg with its welfare spending rests on debt vs current tax receipts. Especially commend posing what impact on the human psyche the hand-out citizen mentality will engender (well nowadays and with this stimulus pkg non-citizens, illegals, will be getting stimulus checks, too). Star Parker works provide excellent info in that regard.
Once the hidden welfare spending in the bill is counted, the total 10-year fiscal burden (added to the national debt) will not be $816 billion, as claimed, but $1.34 trillion. This amounts to $17,400 for each household paying income tax in the U.S. heritage.org/Research/Economy/wm2276.cfm
link. Recession and Recovery Six Fundamental Errors of the Current Orthodoxy by Robert Higgs lewrockwell.com/higgs/higgs109.html
You have to love Alan Keyes when he gets going and is on a roll. Why did this video have to end? Dolley, execellent video post.
Thank you Dolley.
That is the man who got my vote for the GOP nomination for President. Instead, we got the watch the Manchurian Candidate pretend to contest the Kenyan Candidate.