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Sign upEu Ministers Discuss Fiscal Stimulus Tuesday : http://newish.info/12482-eu-ministers-discuss-fiscal-stimulus-tuesday
Eu Ministers Discuss Fiscal Stimulus Tuesday : http://newish.info/12481-eu-ministers-discuss-fiscal-stimulus-tuesday
“On the most basic level, the American Recovery and Reinvestment Act is responsible for saving and creating 2.5 million jobs. The majority of economists agree that it helped the economy grow by as much as 3.8 percent, and kept the unemployment rate from reaching 12 percent. The stimulus is the reason, in fact, that most Americans are better off than they were four years ago, when the economy was in serious danger of shutting down. But the stimulus did far more than stimulate: it protected the most vulnerable from the recession’s heavy winds. Of the act’s $840 billion final cost, $1.5 billion went to rent subsidies and emergency housing that kept 1.2 million people under roofs. (That’s why the recession didn’t produce rampant homelessness.) It increased spending on food stamps, unemployment benefits and Medicaid, keeping at least seven million Americans from falling below the poverty line. ... It made crucial investments in neglected economic sectors that are likely to pay off for decades. It jump-started the switch to electronic medical records, which will largely end the use of paper records by 2015. It poured more than $1 billion into comparative-effectiveness research on pharmaceuticals. It extended broadband Internet to thousands of rural communities. And it spent $90 billion on a huge variety of wind, solar and other clean energy projects that revived the industry. Republicans, of course, only want to talk about Solyndra, but most of the green investments have been quite successful, and renewable power output has doubled. Americans don’t know most of this, and not just because Mitt Romney and his party denigrate the law as a boondoggle every five minutes. Democrats, so battered by the transformation of “stimulus” into a synonym for waste and fraud (of which there was little), have stopped using the word. Only four speakers at the Democratic convention even mentioned the recovery act, none using the word stimulus. Mr. Obama himself didn’t bring it up at all. One of the biggest accomplishments of his first term — a clear illustration of the beneficial use of government power, in a law 50 percent larger (in constant dollars) than the original New Deal — and its author doesn’t even mention it in his most widely heard re-election speech. Such is the power of Republican misinformation, and Democratic timidity. ... Republicans learned a lesson from the stimulus that Democrats didn’t expect: unwavering opposition, distortion, deceit and ridicule actually work, especially when the opposition doesn’t put up a fight. The lesson for Democrats seems equally clear: when government actually works, let the world know about it. ”
—DAVID FIRESTONE, writing in the Sunday New York Times, “Don’t Tell Anyone, But The Stimulus Worked.”
Part of me wonders why it took The Secretary of Explaining Stuff to lay out all of the Obama administration’s achievements when it could have easily been detailed — and in some cases, bragged about — months, if not years, before the DNC.
The stimulus worked. Healthcare reform will bring coverage to millions more Americans and has already prompted some states to expand coverage before full implementation is set to begin in 2014.
I could go on, but I won’t. Because POTUS should.
Human Desires
Earlier I posted about the 5 things that your operation needs to do to truly be a business, and that got me flipping through old notes and books looking for other obvious ways that people can easily increase their business or refocus it.
That’s where human desires come in.
Depending on what you read, there can be any number of desires that people profess to, but I am going to focus on just 5 and I think like the 5 things your project needs to be a business, these 5 desires can capture everything too.
1. To Have: Everyone wants to have things. Even those people who claim not to be materialistic desire to own something, even if its a book or a magazine, or even just a glass of a certain vintage wine.
2. Closeness: As humans were are social animals. That means that we want to be close to other humans.
3. Knowledge: This is especially pertinent now. Knowledge is power more than ever before. So use that to your advantage.
4. Security: We are all trying to protect something: our home, ourselves, our possessions.
5. Sensory Stimulus: Feelings. People want the sensation of excitement, pleasure, etc.
So these 5 things should hold something you can focus your business on. Run with them!
“The story of Keynesian economists and the Obama stimulus, as anyone who’s been reading me knows, runs as follows: When information about the planned stimulus began emerging, those of us who took our macro seriously warned, often and strenuously, that it was far short of what was needed — that given what we already knew about the likely depth of the slump, the plan would fill only a fraction of the hole. Worse yet, I in particular argued, the plan would probably be seen as a failure, making another round impossible. But never mind. What we keep hearing instead is a narrative that runs like this: “Keynesians said that the stimulus would solve the problems, then when it didn’t, instead of admitting they were wrong, they came back and said it wasn’t big enough. Heh heh heh.” That’s their story, and they’re sticking to it, never mind the facts. And what the facts say is that Keynesian policy didn’t fail, because it wasn’t tried. The only real tests we’ve had of Keynesian economics were the prediction that large budget deficits in a depressed economy wouldn’t drive up interest rates, and the prediction that austerity in depressed economies would deepen their depression. How do you think that turned out?”
—Paul Krugman“The president's Republican critics are dead wrong. The stimulus worked.”
—Think Again: Obama’s New Deal - By Michael Grunwald | Foreign Policy
A long read, but worth it.