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Re: Economic Stimulus: Tax Cuts vs Government Spending
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Originally Posted by Trample the Elderly
I'd like to know if this scenario is truthful. I'm not B.S.ing you Schneed. The government borrows money from China, Japan, and or Dubai. The government then gives that said money to the public. The public then goes out and buys goods manufactured in China and Japan. Is that a logical statement?
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Yes, we do that all the time too and we're the biggest player in the IMF (we're the lone country with veto power plus 17% voting power) and World Bank (the institution's head must be an American). Of course we also have USAID which is our "charitable" arm where money given/lent has an implicant requirement of "Buy American." BTW, the stimulus package contains a clause that says buy American which is stupid.
We're at the center of the world economy. If we go down, everyone goes down. China will revert back to an agrarian society if we went poof.
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Last edited by saden1; 02-02-2009 at 06:19 PM.
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