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stimulus spending program Bill Bentley Lions Jersey

stimulus spending program Bill Bentley Lions Jersey
stimulus-spending-program-bill-bentley-lions-jersey
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Article by Bruno Korschek

Given the recent spate of bad economic news and statistics, there is now no doubt that the Arican political class has failed miserably over the past few years when it es to operating a healthy Jason Jones Jersey , growing economy. All of the recent political class economic programs have been ineffective relative to their objectives including Ca For Clunkers, First Ti Ho Buyers Rebate Program, mortgage salvation programs such as HAMP, and worse of all, the economic stimulus program. All these economic failures did was to add to the skyrocketing national debt without providing any long lasting economic benefit.

The economic stimulus program was the worst culprit, if only because it wasted the most amount of taxpayer money, 0 billion, aording to the latest Congressional Budget Office estimates. The economic models used to predict what would happen with increased ernnt spending were disasters from a prediction perspective. They were fatally flawed in the assumption that one dollar in ernnt spending would mirulously multiple many tis over to create a cascade of economic growth. This did not happen. In ft, so ademic economic experts have estimated for every spent in the economic stimulus program, far less than one dollar in benefit was received.

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At the end of World War II, the United States needed to do a massive retooling and refocusing of the dostic economy, going from a warti based economy to a pee ti based economy very quickly. Why? There was no longer a need to produce military goods and there were millions and millions of service n and won ing ho to look for a job. Today’s political class would have introduced a massive economic stimulus spending program Bill Bentley Lions Jersey , with the corresponding increase in ernnt taxes and budget, to “create jobs.”

Fortunately, the political class in 1945 did the ext opposite:

- From 1945 to 1948, the ernnt tually decreased its size and spending by about 68%, going from a Federal budget in 1945 of .7 billion to a much smaller size of under billion by 1948.

- During that three year ti fra, the economy grew by over 6% a year, going from a GDP of 3 billion in 1945 to over 9 billion by 1948.

- Despite millions of ex-military people flooding the job market, unemploynt never went above 4% during the sa ti period, a level of unemploynt that today’s politicians would kill for.

Let’s review: 1940s ernnt spending is slaed, economic growth skyrockets, and unempl

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