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Topic: Japan is caught
in a stimulus trap |
Japan is caught
in a stimulus trap
Washington Post, by Robert J. Samuelson
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Original Article
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Posted By:nhchemist, 2/4/2013 10:05:30 AM
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| The lesson is that huge budget deficits and ultra-low interest rates — the basics of stimulus — have limits and can be self-defeating. To use a well-worn metaphor: Stimulus becomes a narcotic. People feel better for a while, but the effect wears off. The economy then needs a new fix. Too many fixes may spawn new problems (examples: excessive debt, asset “bubbles,” inflation). That’s already happened in Japan. It’s caught in a trap. On the one hand, it needs stimulus to grow. On the other, the debt from past stimulus measures threatens future growth.
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Comments:
The US is a few years behind Japan, but catching up (or is that going down?) rapidly. For those who believe that our innovation will save the day, regulations are stifling our ability to innovate.
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Reply 1 - Posted by:
dman, 2/4/2013 10:36:36 AM (No. 9157360)
From the Weimar Republic to Japan, history provides examples of the futility of Keynesian economics. The Chicago gang in the WH simply doesn´t care.
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Reply 2 - Posted by:
veritas, 2/4/2013 11:58:20 AM (No. 9157585)
Remember, the "fixes" offered [read: imposed] by gov´t, or suggested by economists, are much more like the "fixes" of junkies than the fixes of a good mechanic.
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Reply 3 - Posted by:
stablemoney, 2/4/2013 1:04:35 PM (No. 9157749)
So is the U.S. Get rid of democrats.
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Below, you will find ...
Most Recent Articles posted by "nhchemist"
and
Most Active Articles (last 48 hours)
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Most Recent Articles posted by "nhchemist"
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On Medicaid expansion, the right
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Union Leader [Manchester, NH], by Charles Arlinghaus
Original Article
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Posted By: nhchemist- 5/22/2013 9:35:48 AM
Post Reply
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Like most states in the country, New Hampshire is having a difficult time answering the question about whether to expand Medicaid coverage. For the last decade, politicians of both parties have made no attempt to expand Medicaid coverage in the state. With the federal government dangling some initial money for the program, some are tempted, but unsure. Today, with so many unanswered questions, policymakers should avoid a rush to judgment and just say, "maybe."
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Senate Dems Have as Much
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US News & World Report, by Brian Walsh
Original Article
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Posted By: nhchemist- 5/15/2013 2:37:17 PM
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With Washington gripped by a trio of exploding scandals this week – from Benghazi to government spying on news outlets to thug tactics by the Internal Revenue Service – Senate Democrats seem to be hoping that if they just yell loud enough then voters will overlook a key role they played in at least one of them. (Snip) Over the last three years, Democratic senators repeatedly and publicly pressured the IRS to engage in the very activities that they are only now condemning today. At the same time, Republicans repeatedly and publicly warned against this abuse of government power
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7 Caught Trespassing At Quabbin Reservoir;
Patrols Stepped Up Across State
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CBS (Boston), by Staff
Original Article
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Posted By: nhchemist- 5/15/2013 7:01:31 AM
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BELCHERTOWN – Shortly after midnight Tuesday, seven people were caught trespassing at the Quabbin Reservoir. State Police say the five men and two women are from Pakistan, Saudi Arabia, and Singapore, and “cited their education and career interests” for being in the area. The men told police they were chemical engineers and recent college graduates. The Quabbin, in Belchertown, is one of the country’s largest man-made public water supplies.
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Restaurant owners blast proposal
to tax employees´ tips as
business´ income
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Union Leader [Manchester, NH], by Dave Solomon
Original Article
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Posted By: nhchemist- 5/14/2013 7:11:13 PM
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CONCORD - Representatives of the hospitality industry are expected to turn out in force today to support a Senate proposal that would block state tax collectors from using tips to calculate a business owner´s tax bill. (Snip) For a profitable restaurant, the change would increase the deduction against the business profits tax, and could be a wash. But for an unprofitable or break-even business, the change would mean a significant increase in taxes.
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Register Guns, not Immigrants
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American Thinker, by Michael Bargo Jr.
Original Article
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Posted By: nhchemist- 4/21/2013 1:13:05 PM
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The recent bombings at the Boston marathon finishing line once again reminded Americans of their vulnerability to terrorist acts. Fresh in the collective public awareness is also the issue of gun violence. Congress is at the same time wrestling with immigration reform. It is very interesting to note that while background checks are considered the major method to control gun violence, with regard to immigration Democrats have very aggressively fought the existing Federal background checks required for persons entering the U.S.
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Once more, weighing in on
never-ending gun issue
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Union Leader [Manchester, NH], by John Harrigan
Original Article
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Posted By: nhchemist- 3/31/2013 9:20:47 AM
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Gun control has been driving the news this week, or at least the mail. In recent weeks readers have been encouraging me to dive into the morass. There is so much noise on this issue that I don´t know where to begin. (Snip) There are abundant gun laws on the books. If they were enforced and followed up we might be able to make a dent in gun violence. But laws don´t curb the lawless.
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A Tale of Two States
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Bangor Daily News[ME], by J. Scott Moody
Original Article
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Posted By: nhchemist- 3/28/2013 8:54:21 PM
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Today the U.S. Department of Commerce’s Bureau of Economic Analysis released their 2012 personal income estimates. Personal income is an important economic measure of a state’s well-being. (Snip) Since 1950, Maine has increased taxes and spending dramatically with the introduction of the sales tax in 1951 and the income tax in 1969. New Hampshire, on the other hand, did not. Increasing taxes on the private sector has two consequences. First, higher taxes will mean less money in the pockets of individuals and businesses which will reduce their ability to invest for the future.
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Most Active Articles (last 48 hours)
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Criminality Appears To Lie at the
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New York Sun, by Lawrence Kudlow
Original Article
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Posted By: FlyRight- 5/23/2013 5:59:27 AM
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When you get right down to it, the political targeting and stalling of tax-exempt applications by the IRS was an effort to defund the Tea Party. Rick Santelli, one of the Tea Party founders and my CNBC colleague, was the first to make this point. I’ve taken it a step further: The IRS was taking the Tea Party out of play for the 2012 election, as it looked to avoid a repeat of 2010 and another Tea Party landslide.There are a lot of numbers out there.
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Eva Longoria graduates with
master´s degree in Chicano studies
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Los Angeles Times, by Nardine Saad
Original Article
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Posted By: NorthernDog- 5/23/2013 3:03:53 PM
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Eva Longoria is backing up her beauty with a whole lot of brain. The actress graduated with a master´s degree Wednesday. Longoria, 38, took home a real degree (not an honorary one) in Chicano studies from Cal State Northridge, where she physically attended classes for three years, according to TMZ. "Big day today!!! Very excited to graduate for my master´s degree in Chicano studies! You´re never too old or too busy to continue your education!" the actress wrote on her Who Say site Wednesday, sharing loads of pics of her big day, posing with her family, cohorts and diploma.
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Mark Levin Tears Into Obama: ‘Flat-
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Nothing About IRS Targeting
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Mediaite, by Josh Feldman
Original Article
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Posted By: KarenJ1- 5/23/2013 9:48:28 PM
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Conservative radio host Mark Levin is very skeptical of the idea that President Obama had absolutely no idea about the IRS tea party targeting before the story broke in the news mere weeks ago. Levin declared adamantly that it is a “flat-out, bald-faced lie” that Obama didn’t know beforehand, citing prior reports by a few conservative news outlets picking up on the news well before the 2012 presidential election. Levin said, “I don’t believe for two seconds that Obama wasn’t aware of this.”
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Obama nominates Nuland for
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Politico, by Reid J. Epstein
Original Article
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Posted By: KarenJ1- 5/23/2013 10:08:52 PM
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President Obama on Thursday nominated Victoria Nuland, a State Department official involved in the editing of the administration´s talking points on Benghazi, to be the next assistant secretary of state for European and Eurasian affairs. Nuland, a career foreign service officer who was until recently State´s top spokesperson, had long been expected to be nominated the post to replace Philip Gordon, who Obama picked to serve as Middle East coordinator for the National Security Council. Nuland´s nomination -- which requires Senate confirmation -- could come under scrutiny from Republicans who see her as playing a central role in shaping
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Why was the Department
of Homeland Security monitoring
Tea Party IRS demonstrations?
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American Thinker, by Sally Zelikovsky
Original Article
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Posted By: magnante- 5/23/2013 8:09:21 AM
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What´s so interesting about 60 tea partiers protesting the IRS in San Jose, California on Tuesday, May 21st? The fact that this bit of information was conveyed to the protesters by a Department of Homeland Security officer who was also in attendance. What was a DHS agent doing at the San Jose Tea Party protest? (snip) they weren´t just spying on us in San Jose and monitoring us in San Francisco, they were watching us throughout the entire state
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Anthony Weiner says Houston
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him ‘a new man’
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Houston Chronicle, by Nicole Narea
Original Article
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Posted By: Dreadnought- 5/23/2013 10:52:02 PM
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Anthony Weiner’s New York mayoral candidacy was only made more improbable today after he revealed that he visited a Houston psychiatric facility following his resignation from Congress in 2011. Haunted by scandal surrounding his sexually explicit online communications with women, the Democratic former congressman sought treatment for his compulsive behavior from mental health professionals at the Gabbard Center. According to its website, the facility provides “3-day outpatient psychiatric evaluation,” particularly to “professionals who are in personal or professional crises.” While Weiner did not disclose
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The Mystery Night
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Politico, by Rich Lowry
Original Article
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Posted By: RappVol- 5/23/2013 7:36:59 AM
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On “Fox News Sunday” last weekend, White House aide Dan Pfeiffer was asked about President Barack Obama’s whereabouts the night of the Sept. 11 attack in Benghazi. This was the night when we lost our first ambassador in 30 years, and when three other Americans were killed in an attack that lasted all night long at multiple locations within the eastern Libyan city. Since the president is commander in chief, one would think where he was and what he did during such an event would be of obvious public concern.
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