Stimulus Does Work According to Bloomberg

By iamned - Last updated: Saturday, April 25, 2009 - Save & Share - 6 Comments

Bloomberg has reported that China’s nearly $600 billion dollar stimulus has been more effective than anticipated with regards to improving investor confidence, and reviving growth in the Chinese economy.

“China’s rapid reaction in rolling out the stimulus package has resolved some prominent problems in the economy, strengthened market confidence and stabilized people’s expectation,” Wen said today at the Boao Forum in southern China’s Hainan province.

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But these boo hoo hoo, woe is me, knuckle dragging Ron Paul supporters and Greenspan and George W Bush detractors still insist that stimulus and bailouts don’t work, despite empirical evidence that you can, in fact, inflate your way to prosperity. It worked in the early 80’s with Reagan’s tax cuts, and in 2003 with regards to Greenspan’s quantitative easing, and George W Bush’s tax cuts. Printing money to fund the War on Terror and occupation of Iraq was also beneficial to the US & global economy because it drove the dollar lower, hence benefiting exporters.

What you have to understand is that the vast majority of these Ron Paul and welfare-liberal Krugman supporters don’t actually have money in the stock market, and or either long the dollar or short equities. Therefore, they are beneficiaries of economic instability, which explains why they so vehemently oppose stimulus, bailouts for banks, and tax cuts for the rich. Because deep down they KNOW they work, just as they did for China.

Paul Kurgman and Iran’s Mahmoud Ahmadinejad have a lot in common; namely a desire to see the US economy fail, as well facial features.

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If anyone here reading this works for TSA, don’t let either of these people board an airplane…lol

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6 Responses to “Stimulus Does Work According to Bloomberg”

Comment from Stepantstring
Time April 25, 2009 at 11:19 pm

Yes…Bloomberg has been so spot on with their coverage over the last 12 months.

I did find this jewel though:
Rats Feed Off U.K. Recession as Trash Mounts, Buildings Empty

“The rat population has swollen by 13 percent this year to more than 50 million, one for every person living in England”

and this one:
Insider Selling Jumps to Highest Level Since 2007

“CEOs, directors and senior officers at U.S. companies sold $353 million of equities this month, or 8.3 times more than they bought, data compiled by Washington Service, a Bethesda, Maryland-based research firm, show. That’s a warning sign because insiders usually have more information about their companies’ prospects than anyone else, according to William Stone at PNC Financial Services Group Inc.”

Comment from greg
Time April 26, 2009 at 5:05 am

I know this site is just a farce, I just hope no one gets burnt actualy listening to it as if it were real. Nice call back in Sept. of 08 by the way hahah..

“Market Surges. Ned is Right Cause Ned Knows Everything
September 19th, 2008 1 comment I blogged yesterday that the bear market of 2007-08 had bottomed out while the dow was trading at 10,600. As of this afternoon Jow Jones Industrial Average is up a staggering 800 points since I made my call. Predictably, protectionist, pro-Obama, anti-freemarket liberals are heavily criticising Paulson’s bailout plans and the SEC bans on shortings. More importantly, however, is why was Ned right.

Ned was right because Ned knows how stocks work and how the markets work. Ned sees things other overlook. When Ned say it is time 2 buy he is usually right. Ned knows we’re in the smartist, globalist era of web 2.0, hyper-capitalism, free trade, spendism, consumerism, and paymentism lead by The Creators of the new world order. Ned knows that McCain is going to win and that that the stock market will react favorably in anrticipation to McCain’s victory. (Read Ned’s smartist era Q&A here to learn more)”

Comment from joe
Time April 28, 2009 at 4:13 pm

Hmmm.. No difference between China’s stimulus and ours??? You are comparing apples to oranges. China has money to spend, we are in debt up to our eyeballs. This whole website is rediculous, it should be a SNL skit!

Comment from Administrator
Time April 28, 2009 at 10:21 pm

joe :

Hmmm.. No difference between China’s stimulus and ours??? You are comparing apples to oranges. China has money to spend, we are in debt up to our eyeballs. This whole website is rediculous, it should be a SNL skit!

But do keep in mind the fed has the ability to print an arbitrary amount of money to negate toxic assets.

Comment from joe
Time April 29, 2009 at 5:34 pm

Administrator :

joe :
Hmmm.. No difference between China’s stimulus and ours??? You are comparing apples to oranges. China has money to spend, we are in debt up to our eyeballs. This whole website is rediculous, it should be a SNL skit!

But do keep in mind the fed has the ability to print an arbitrary amount of money to negate toxic assets.

Might as well just print and give everyone in the country a million bucks then… We can all go on vacation while the rest of the world works… You are wrong in stating that we can print an arbitrary amount of money to negate toxic assets. People like you are the reason we are in this mess to begin with. Take your keynesian Pseudoscience elsewhere because it is done destroying our nation.

Comment from Ali
Time May 13, 2009 at 7:56 pm

@Administrator

Or we can just arbitrarily blog that we are smarter than you. But that wouldn’t be arbitrary… you are downright stupid.

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