Sponsored Content




Intermarkets' Privacy Policy
Support


Donate to Ace of Spades HQ!



Recent Entries
Absent Friends
Bandersnatch 2024
GnuBreed 2024
Captain Hate 2023
moon_over_vermont 2023
westminsterdogshow 2023
Ann Wilson(Empire1) 2022
Dave In Texas 2022
Jesse in D.C. 2022
OregonMuse 2022
redc1c4 2021
Tami 2021
Chavez the Hugo 2020
Ibguy 2020
Rickl 2019
Joffen 2014
AoSHQ Writers Group
A site for members of the Horde to post their stories seeking beta readers, editing help, brainstorming, and story ideas. Also to share links to potential publishing outlets, writing help sites, and videos posting tips to get published. Contact OrangeEnt for info:
maildrop62 at proton dot me
Cutting The Cord And Email Security
Moron Meet-Ups

NoVaMoMe 2024: 06/08/2024
Arlington, VA
Details to follow


Texas MoMe 2024: 10/18/2024-10/19/2024 Corsicana,TX
Contact Ben Had for info





















« Riots in the French Caribbean Resort of Guadeloupe. (genghis) | Main | Top Headline Comments 02-23-09 »
February 23, 2009

Rick Santelli, The Man Who Talked Back

Ruminations of America's new Joe the Plumber.

This one's got the credentials -- he's a reporter, right? -- so I'm sure the media won't need to vet him.

This may have been Santelli's most important economic point: "You know, they're pretty much of the notion that you can't buy your way into prosperity, and if the multiplier that all of these Washington economists are selling us is over… that we never have to worry about the economy again. The government should spend a trillion dollars an hour because we'll get 1.5 trillion back." Of course, all this government spending doesn't create prosperity. It merely transfers/steals prosperity from the future and brings it to the present to cushion the current downturn. Remember, here is what the Congressional Budget Office had to say about the stimulus spendathon:
In contrast to its positive near-term macroeconomic effects, the Senate legislation would reduce output slightly in the long run, CBO estimates, as would other similar proposals. The principal channel for this effect is that the legislation would result in an increase in government debt. To the extent that people hold their wealth in the form of government bonds rather than in a form that can be used to finance private investment, the increased government debt would tend to "crowd out" private investment—thus reducing the stock of private capital and the long-term potential output of the economy. ... Including the effects of both crowding out of private investment (which would reduce output in the long run) and possibly productive government investment (which could increase output), CBO estimates that by 2019 the Senate legislation would reduce GDP by 0.1 percent to 0.3 percent on net.

Meanwhile, the tea party movement is spreading. Nice Deb has these pictures from a Kansas City area demonstration.



digg this
posted by Ace at 08:54 AM

| Access Comments




Recent Comments
m: "27 PAGING ADMIRAL ACKBAR... Posted by: Tex Lovera ..."

Boswell: "Doesn't she look like one of the male characters i ..."

Joe Mannix (Not a cop!): "Some rich guys -- especially young ones -- still g ..."

Ciampino - real takeoff postponed: "Launch scrubbed until 1:37PM ET(?) tomorrow 3/29/2 ..."

nurse ratched : "There was a time when I thought Stephen Colbert wa ..."

Ashley Judd's Puffy Scamper: "Maybe. Sam wasn't too bad looking and he had a vas ..."

Joe Mannix (Not a cop!): "As I recall she bragged about being a freak and th ..."

J.J. Sefton: " Stephen Colbert, host of CBS' "The Late Show with ..."

Elric Blade: "197 SBF's girlfriend had the one important quality ..."

SBF's cellmate.: "So long as he keeps his mouth shut . . . . [i]P ..."

Sock Monkey * Unsynchronized: " I added a good photo of his girlfriend... Post ..."

Bret : "Let me guess…no one actually read the bill. ..."

Recent Entries
Search


Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
Powered by
Movable Type 2.64