Hear his take here.
Some choice quotes:
"The biggest scam in American history."Obama voter, tell me what you think of this. Does Dave have it all wrong? What, in your mind, is a good explanation?
"This is not a stimulus bill. This is a spending bill."
"You have been lied to America."
"The money is being spent on his personal agenda."
"If you don't get on your Congressman to stand on his neck, you have no backbone America!"
4 comments:
A few observations.
Ramsey has committed a gross oversimplification of Keynesian economics. Flat-out calling Keynes a "socialist" is an "absolute lie", as Keynes's own influential "Economic Consequences of the Peace" criticizes Lenin's belief of currency as the point at which to unravel society. Yet, Keynes's economic beliefs are far too complex and far-reaching to be boiled down in a neat category. I can't even begin to understand it.
Ramsey also seems to be naive about the existence of pork and riders in bills. If he thinks this bill is the biggest lie in recent American history, he obviously hasn't been paying close attention to pork in the last several decades. Additionally, as both a student and a future music educator, I am somewhat staggered by the assertion that student loans and arts funding are tangential to helping the economy. Perhaps he didn't read enough history to discover that some of the most robust government projects of the New Deal involved music (look at Roger Sessions or Aaron Copland). Many also involved other arts (photography, painting, dance, etc.). Additional funding fosters jobs in these fields, and refusing to see otherwise is again a gross oversimplification.
On the subject of student loans, it becomes obvious that Ramsey is fiscally impatient (which is one of the Achilles' heel of conservative fiscal policy). He says that passing student loans will delay an economic stimulus. But isn't it just as important that we have an economy in five years as much as we need one now? That's not stupid, that's called diversifying short-term and long-term investments. If anything, that's good thinking.
So in short, America, you have been lied to. By Dave Ramsey.
I'll be glad to say, 4 years from now, that I WASN'T an "Obama voter" since this country's economy will be deeply in the toilet. Save your money, folks, you're going to need it to buy a loaf of bread!
"it becomes obvious that Ramsey is fiscally impatient (which is one of the Achilles' heel of conservative fiscal policy). He says that passing student loans will delay an economic stimulus. But isn't it just as important that we have an economy in five years as much as we need one now? That's not stupid, that's called diversifying short-term and long-term investments. If anything, that's good thinking."
- I'm no Ramsey fan. In fact, I have huge problems with his view on personal finance. But most of your post is horribly naive and devoid of any understanding of economics. The stimulus bill is being pushed as just that: a stimulus to provide an immediate boost and/or to save the economy from immediate collapse. This is not intended to be something that pays dividends in 5 years. The appropriate place for long term "stimulus" (if there is such a thing) is in the general budget. Instead, we're being sold that the economy is in IMMEDIATE peril, and that immediate solutions are required to jolt us back on track.
Any funding of public education, or education generally, is one of the most laughable parts of this bill. Businesses large and small churn the American economy. Business is the engine. It's the large corporations that are laying off workers. Putting pork in this bill to pay off the teachers and teachers' unions is nothing more that political payback for their votes, not economic stimulus.
So instead of arguing for increased education funding where it should be done (in the general budget), Obama is using the fear of imminent economic collapse to push a social and political agenda (and to pay back the sheeple in education who so loyally and pull the lever for Democrats like they're told to do).
Finally, although there are many other areas where your post falls painfully short in the realm of economic understanding, using the New Deal as an example of anything positive is possibly the worst part of that post. The New Deal and the system it evolved into CREATED this problem.
This "stimulus package" mainly serves to stimulate the furthering of many liberal social agandas.
The amount of money dedicated to actually attempting to create jobs immediately is pathetic at best and criminal at worst.
This bill takes the unnecessary stride that George W. Bush took with his "stimulus" and goes miles further. The "W" stimulus failed and now Congress can't find out what happened to the billions of dollars. Since that worked so well, we've decided to create another "stimulus" that somehow puts the first to shame. Why spend money on things that might help when you can spend it on pet projects?
I, for one, would rather have the government give me back some of my earned money that they take through stupid taxes then have them spend the money they took from me on STD education...
Post a Comment