General Discussion
In reply to the discussion: How can someone be both Pro-Walker and Pro-Obama? [View all]shcrane71
(1,721 posts)Here's a little Econ 101. There's this thing called the multiplier effect. When government spends money on public works or local projects, the money is put back into the local economy, and more and more people create wealth from that investment. Govt gives contractor A 100.00 to build a road. Contractor A saves 20% for itself, and uses 80% to build road by hiring workers. Workers save 20% for themselves, and use 80% for goods and services... on and on.
Investment from the private sector have dried up, especially in Wisconsin (hint: they're DEAD LAST in job creation under Walker/Fitzgeraldstan). The Fed has interest rates at near 0%, it can't do much more than that. The only thing that can bring Main Street America out of the Depression is Fiscal Policy. That means spending by the government because the private sector sure isn't going to be investing.
Ok, what other RW failed policies and talking points are you going to throw at me?