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View Diary: Why everyone's attempt to grade the speech gets an "F" (268 comments)

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  •  The infrastructure plan would be great (1+ / 0-)
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    MichaelNY

    It's tough to know how that fits in with this spending freeze he talked about last night. I acknowledge that one couldn't expect to hear every detail last night, but I still find it a puzzling contradiction. Does Obama want to spend money or not?

    But the private sector isn't going to start hiring without an increase in aggregate demand. Or, at least, they're not going to hire enough to get us out of this pit we're in.

    We still need aggressive government action in the economy. And I fully acknowledge that it will be extremely difficult with the Republicans in the House. No doubt. But approaching 2012, people need to know what the Obama Administration believes is the best way to fix the economy. That way they can vote for it.

    "The pie shall be cut in half and each man shall receive...death. I'll eat the pie." Homer as Solomon

    by Lost Left Coaster on Wed Jan 26, 2011 at 04:06:27 PM PST

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    •  Spending freeze is a gimmick phrase (3+ / 0-)

      Private sector can boost its own demand by hiring workers.  

      The contrast will be crystal clear in the upcoming months about who wants to do something and who wants to go backwards.  Republicans, stupidly, have already ceded the middle ground.

      "[R]ather high-minded, if not a bit self-referential"--The Washington Post.

      by Geekesque on Wed Jan 26, 2011 at 04:11:18 PM PST

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      •  Surrrrre, businesses always hire more workers (0+ / 0-)

        to increase demand. Not. It works the other way: businesses hire workers to meet increased demand.

        The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt. Bertrand Russell

        by accumbens on Wed Jan 26, 2011 at 05:30:04 PM PST

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        •  Businesses hire based on projected demand (0+ / 0-)

          They realize, as opposed to those who prefer simplistic economic models, that demand is part of a feedback mechanism. If they project that other companies are also going to hire in the near-term, therefore stimulating demand, they will be comfortable in hiring more workers.

          One night in Bangkok makes a hard man humble ... Murray Head

          by virginislandsguy on Wed Jan 26, 2011 at 07:50:10 PM PST

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          •  I agree, businesses can be motivated to hire more (0+ / 0-)

            more workers if they think there will be an increase in demand.  I also agree that the projection would be based in part on whether they see other companies(especially competitors and supply chain) hiring.  But they do not hire workers in order to increase demand.  That is like pushing on a string.

            The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt. Bertrand Russell

            by accumbens on Wed Jan 26, 2011 at 08:53:15 PM PST

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