Quote:
Originally Posted by Jason1
Look, nobody is saying the stimulus package will make the DOW rise 4000 points in 3 days or anything like that. But the fact of the matter is they say it will create or save at least 3.5 million jobs, and to me, that is money well spent that will help in the long run, and nobody here nor their will change my mind on that.
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I'm not saying the DOW should raise that much in 3 days either, but there is a long history of the markets responding immediately to poltiical decisions they like or dislike. When Clinton was elected during a recession in the early 90's, the markets jumped almost immediately. The market liked Clinton and it showed, and in the end the market was right about his long term economic impact. Measuring immediate market reaction isn't about long term success, but instead an indicator of healthy economic policy, and when the markets immediately retreat, negative reaction.
Jason, I've long given up on the idea that I can change your mind. If anyone is steadfast in their political philosophy, it would be you. I simply want to better understand your point of view, and I have to think that if you believe in progressive politics this strongly, I have to believe there must be convincing reasons beyond class warfare and contempt of wealth.
So, I'm not trying to change your mind, I simply want to understand your reasoning:
What is it specifically about my concerns do you believe are unwarranted, and why?
What is it about the stimulus do you believe will work, and why? (aside from throwing money at the problem)