Re: Why govt spending doesnt create jobs
posted at 6/23/2013 2:35 PM EDT
In response to Hansoribrother's comment:
In response to StalkingButler's comment:
[QUOTE]Government spending does not directly take away jobs from the private sector, but where does the money come from?
There comes a point at which government spending DOES take away jobs from the private sector. No one is arguing against the obvious shared need for defense and basic infrastructure, the legitimate and necessary use of government. The problems arise when goverment expands beyond the essential and taxes must be levied to support it.
Just imagine how much better off we'd be if, instead of "investing" in a bunch of destined to fail green businesses, that money was available to be invested in wealth producing concerns. These are where new jobs come from and the taxes that provide the foundation to support government services.
Never underestimate the power of stupid people in large groups.
I agree, but I said "directly" because they can borrow money and spend it. Maybe it is picking hairs.
They really f'd up with that hand out to Obama's friends in green energy. It was nothing more than laundering taxpayer money to give to the DNC.
If they were really interested in alternative nergy they would have invested in companies that could produce clean energy to replace fossil fuels. RIght now that would be more in R&D for things like fusion or fuel cells, etc. BUt no, they gave the $ to their political pals that make electric cars that have to be charged by electricity from dirty fossil fuel plants.
The Obama Administration has politicized virtually the entire bureaucracy. Tax payer money is being laundered. THey might as well just give it to the DNC.
Ya just gotta sit back and laugh at the twisted perspective thru which wingnuts view the world. It's an alternate reality that is borne of a need for self-delusion.
The DOE loan guarantee program was created in 2005 by the wingnut-led Congress and signed by a wingnut President.
Now, all of a sudden, the same program the whackjobs created and utilized for years is bad because the other party is now using the same program.
Just more hypocrisy and attempts to evade responsibility by the whacko wingnut party.
Mr. McConnell, of Kentucky, is one of several prominent Republicans who have worked to steer federal money to clean-energy projects in their home states, Energy Department documents show.
Mr. McConnell made two personal appeals in 2009, asking Energy Secretary Steven Chu to approve as much as $235 million in federal loans for a plant to build electric vehicles in Franklin, Ky.
Representative Lamar Smith, (R) Texas wrote to Mr. Chu asking him to approve loan guarantees from stimulus money for a Texas project proposed by Tessera Solar, documents show.
Representative Fred Upton, Republican of Michigan and another critic of the Energy Department program, signed letters along with other members of the Michigan delegation in 2009 and 2010, pushing at least five clean-energy projects in his state, including a $207 million loan request from EcoMotors International. And Representative Cliff Stearns, Republican of Florida, praised the opening last year of a lithium-ion battery manufacturing plant in his state, which relied upon an Energy Department grant.
A California electric car maker that announced Friday that it was shutting its doors earned the support of a pair of Republican lawmakers who are at the center of the political battle on Capitol Hill over the Department of Energy's renewable energy loan program.
One of those supporters of Aptera Motors was House Oversight and Government Reform Chairman Darrell Issa (R-Calif.)... On Jan. 14, 2009, Issa wrote Energy Secretary Steven Chu urging that Aptera's request for a loan under DOE's Alternative Technology Vehicle Manufacturing (ATVM) program be given "full consideration."