[Dialogue] Stimulus package examined

[R Williams]

What you do is, you install a drip system in the deep end of the pool and let it "trickle down" to the shallow end because, as Adam Smith so aptly pointed out, all boats rise in a rising pool, assuming of course that (1) you have a boat and (2) it hasn't been foreclosed on.
 
Randy
 
--- On Tue, 2/17/09, Jim Baumbach <wtw0bl at new.rr.com> wrote:

From: Jim Baumbach <wtw0bl at new.rr.com>
Subject: Re: [Dialogue] Stimulus package examined
To: "Colleague Dialogue" <dialogue at wedgeblade.net>
Date: Tuesday, February 17, 2009, 1:36 PM


Karen, according to the right-wingers, using this example, what is needed to stimulate the economy is to drain the pool and expect it to refill itself..  Of course an empty pool is due to all the reduced taxes and deregulation but sooner or later without any government interference (the terms of true capitalistic principles: "laissez-faire" meaning that the market will eventually respond and be self-correcting) the pool will be refilled by the ones who emptied it.  The idea is that by doing nothing the economy will recover, jobs will be plentiful, and all the billionaires who have nothing better to do with their wealth will invest their money into the economy "to create new jobs" just as they have been doing it for the last 8 years or more years. 

Despite the idea that it is insanity to do the same thing over and over again and expect different results, nevertheless, cutting taxes and reducing spending is the only way to save our economy if only those lazy, fat welfare recipients would stop laying on their couches, watching TV and go out an get one of the many high paying jobs waiting to be filled.  This is the best wisdom I have heard from my right-wing associates.

Don't let the "nay-sayer" doom and gloomers become the portrayers of the Word of God.

Jim Baumbach



KarenBueno at aol.com wrote: 



 My colleagues--I received this from one of my right-wing friends.  Please help me compose an adequate response.
Karen Bueno





Shortly after class, an economics student approaches his economics professor and says,
"I don't understand this stimulus bill. Can you explain it to me?"
The professor replied, "I don't have any time to explain it at my office, but if you come over to my house on Saturday and help me with my weekend project, I'll be glad to explain it to you." The student agreed.
At the agreed-upon time, the student showed up at the professor's house. The professor stated that the weekend project involved his backyard pool.
They both went out back to the pool, and the professor handed the student a bucket. Demonstrating with his own bucket, the professor said, "First, go over to the deep end, and fill your bucket with as much water as you can." The student did as he was instructed.
The professor then continued, "Follow me over to the shallow end, and then dump all the water from your bucket into it." The student was naturally confused, but did as he was told.
The professor then explained they were going to do this many more times, and began walking back to the deep end of the pool.
The confused student asked, "Excuse me, but why are we doing this?"
The professor matter-of-factly stated that he was trying to make the shallow end much deeper.
The student didn't think the economics professor was serious, but figured that he would find out the real story soon enough.
However, after the 6th trip between the shallow end and the deep end, the student began to become worried that his economics professor had gone mad. The student finally replied, "All we're doing is wasting valuable time and effort on unproductive pursuits. Even worse, when this process is all over, everything will be at the same level it was before, so all you'll really have accomplished is the destruction of what could have been truly productive action!"
The professor put down his bucket and replied with a smile, "Congratulations. You now understand the stimulus bill."
 


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