Comments on: Felix TV: The fiscal solution http://blogs.reuters.com/felix-salmon/2010/11/17/felix-tv-the-fiscal-solution/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Dollared http://blogs.reuters.com/felix-salmon/2010/11/17/felix-tv-the-fiscal-solution/comment-page-1/#comment-21112 Thu, 18 Nov 2010 20:36:48 +0000 http://blogs.reuters.com/felix-salmon/?p=6184#comment-21112 But DanHess, it’s incredibly inefficient stimulus. Given who gets it and what they do with it, it’s more likely to be buying shares in Baidu than startups in Silicon Valley, or buying trips to Paris than take-and-bake pizzas in suburban Chicago.

It’s part of the problem, more than it is a help.

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By: TFF http://blogs.reuters.com/felix-salmon/2010/11/17/felix-tv-the-fiscal-solution/comment-page-1/#comment-21108 Thu, 18 Nov 2010 18:34:16 +0000 http://blogs.reuters.com/felix-salmon/?p=6184#comment-21108 @DanHess, don’t forget the repeated extension of unemployment benefits. Not saying that doesn’t make sense on a humanitarian basis, but massive deficit spending is the essence of “fiscal stimulus”.

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By: DanHess http://blogs.reuters.com/felix-salmon/2010/11/17/felix-tv-the-fiscal-solution/comment-page-1/#comment-21104 Thu, 18 Nov 2010 17:42:45 +0000 http://blogs.reuters.com/felix-salmon/?p=6184#comment-21104 An extension of some or all of the Bush tax cuts, totally unfunded by spending cuts of course, is an enormous likely piece of fiscal stimulus happening presently.

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By: DanHess http://blogs.reuters.com/felix-salmon/2010/11/17/felix-tv-the-fiscal-solution/comment-page-1/#comment-21102 Thu, 18 Nov 2010 16:51:54 +0000 http://blogs.reuters.com/felix-salmon/?p=6184#comment-21102 Felix —

We have massive fiscal stimulus built in. It takes the form of a huge structural deficit that will never be addressed with Obama and Congress gridlocked.

This stimulus takes place every day of ever year from now until ????

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By: Dollared http://blogs.reuters.com/felix-salmon/2010/11/17/felix-tv-the-fiscal-solution/comment-page-1/#comment-21076 Wed, 17 Nov 2010 23:58:46 +0000 http://blogs.reuters.com/felix-salmon/?p=6184#comment-21076 And please, make it embeddable. I have a friend at the WSJ and I need to post it on his Facebook wall and ask why we have to depend on Reuters for this level of pedantic innovation.

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By: Dollared http://blogs.reuters.com/felix-salmon/2010/11/17/felix-tv-the-fiscal-solution/comment-page-1/#comment-21074 Wed, 17 Nov 2010 23:54:05 +0000 http://blogs.reuters.com/felix-salmon/?p=6184#comment-21074 I’ll repeat myself from earlier in the week. What if Ben Bernanke came out and said: “I’ll stop QE2 when Congress 1) lapses the Bush Tax Cuts, because they are ineffective and budget busting and 2) uses 70% of the new revenue to fund direct stimulus.”

Fed Chair Alan Greenspan intervened in 2001 to push the cuts through. Why can’t Bernanke step in now with his Fed Chair’s prescription? If he believes stimulus will work better, doesn’t he owe that judgment to the American public?

Unless we think Bernanke is a Republican hack who cares only about tax cuts……but we really don’t know that with anywhere near the level of certainty that we now have about Greenspan’s direct support of the GOP

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By: LadyGodiva http://blogs.reuters.com/felix-salmon/2010/11/17/felix-tv-the-fiscal-solution/comment-page-1/#comment-21070 Wed, 17 Nov 2010 20:57:07 +0000 http://blogs.reuters.com/felix-salmon/?p=6184#comment-21070 Felix,
I nearly had a seizure watching that vid. WTF? Do you think your readers all have ADD?

What exactly would a government program targeted at putting the unemployed back to work look like? Should we make the census permanent?

We gave the Feds nearly a trillion in cold hard cash and they pissed it away. Since then, Obama has said about five words and Geithner has done ZERO about putting people back to work (unless you include “remembering them in my prayers” as a plan).

There would have to be serious debate about WHAT would actually work, but the cowardly Dems won’t even broach the subject with the great and powerful Oz (Boehner, our new default overlord). This is a democracy?

We deserve better than this. Really, America, we do.

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By: MickWeinstein http://blogs.reuters.com/felix-salmon/2010/11/17/felix-tv-the-fiscal-solution/comment-page-1/#comment-21069 Wed, 17 Nov 2010 20:43:29 +0000 http://blogs.reuters.com/felix-salmon/?p=6184#comment-21069 Love it. Now make it embeddable!

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By: JPB3 http://blogs.reuters.com/felix-salmon/2010/11/17/felix-tv-the-fiscal-solution/comment-page-1/#comment-21061 Wed, 17 Nov 2010 18:44:50 +0000 http://blogs.reuters.com/felix-salmon/?p=6184#comment-21061 I am holding my breath! The Fed is creating money out of thin air and using it to buy U.S. Treasuries. In other words, the Fed is creating money out of thin air and, indirectly, lending it to the U.S government.

I think the U.S. Congress is smart enough (barely!) to figure out that it should go ahead and spend the money the Fed is creating out of thin air.

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