Read this Dr. Detroit

[XXL]

http://story.news.yahoo.com/news?tmp...sion&printer=1


Here's a link that you ought to read. I relates to our flame war on the other board where I kicked your ass and made you melt down. Remember, government spending and recessionary relief. How about them apples?

L8
XXL

[DrDetroit]

XXL: Here's a link that you ought to read. I relates to our flame war on the other board where I kicked your ass and made you melt down. Remember, government spending and recessionary relief. How about them apples?

Oh, XXL, are you revising history here?? LMAO!! Lets review, shall we??

http://www.thetrolls.com/phpbb/viewt...407&highlight=

XXL:
<BLOCKQUOTE><font size=2 face="Verdana, Helvetica, sans-serif">quote:</font><table border="0" width="90%" bgcolor="#333333" cellspacing="1" cellpadding="0"><tr><td width="100%"><table border="0" width="100%" cellspacing="0" cellpadding="2" bgcolor="#FF9900"><tr><td width="100%" bgcolor="#DDDDDD"><font size=2 face="Verdana, Helvetica, sans-serif"><font size=2 face="Verdana, Helvetica, sans-serif">One given in economics as a affirmative measure to end a recession is the method applied at the end of the great depression (1930's). Want to know what measure was employed then to end the depression? Well here it is gentlepeople, "government spending." So if W cuts back on government spending by shifting the funds back to the rich in a tax cut, then that is arguably a cause in less consumption (recession). This is basic economic theory in a nutshell, but it could support Tom's statements as for econ majors such as myself...</font></font></td></tr></table></td></tr></table></BLOCKQUOTE>

I then queried you on this point of your that suggests that increased government spending is a depression buster mechanism:

<BLOCKQUOTE><font size=2 face="Verdana, Helvetica, sans-serif">quote:</font><table border="0" width="90%" bgcolor="#333333" cellspacing="1" cellpadding="0"><tr><td width="100%"><table border="0" width="100%" cellspacing="0" cellpadding="2" bgcolor="#FF9900"><tr><td width="100%" bgcolor="#DDDDDD"><font size=2 face="Verdana, Helvetica, sans-serif"><font size=2 face="Verdana, Helvetica, sans-serif">XXL, if "your theory" holds true, then please explain the failure of the Japanese economy to lift itself out of recession even after billions of government funding of public works projects??? </font></font></td></tr></table></td></tr></table></BLOCKQUOTE>

Your ass-kicking response:
<BLOCKQUOTE><font size=2 face="Verdana, Helvetica, sans-serif">quote:</font><table border="0" width="90%" bgcolor="#333333" cellspacing="1" cellpadding="0"><tr><td width="100%"><table border="0" width="100%" cellspacing="0" cellpadding="2" bgcolor="#FF9900"><tr><td width="100%" bgcolor="#DDDDDD"><font size=2 face="Verdana, Helvetica, sans-serif"><font size=2 face="Verdana, Helvetica, sans-serif">Japan v. America is what they say in grammar school, comparing apples to oranges. Please try a little harder next time, Junior Detroit... How about them apples?</font></font></td></tr></table></td></tr></table></BLOCKQUOTE>

You ducked it, dipshit, plain and simple. You attempt to call it an ?apples-to-oranges comparison,? ignoring the fact that it?s a relevant comparison based on two things, first, Japan has been in a recession for several years as the US was in one beginning last March; and second, Japan employed the mechanism you suggest helps to end recessions, i.e., increased government spending. You ducked it, plain and simple.

Wow, that?s the ass-kicking that you delivered??? Time for you to get a bottle and a bib, dummy.

<font color="#330033" size="1">[ March 25, 2002 10:41 AM: Message edited by: DrDetroit ]</font>

[XXL]

Extra, extra, read all about it...



Rise in Federal Spending May Have Helped Ease Recession

Sat Mar 23, 2:56 PM ET

By LOUIS UCHITELLE The New York Times



When a bitterly divided Congress failed to pass an economic stimulus

bill last fall, many predicted the recession would only worsen. But

while few were paying attention, government spending surpassed the

amounts envisioned in the stimulus measure, exceeding what even the most

vociferous advocates wanted.



? Tobacco Company Ordered to Pay

? Sharp Rise in Federal Spending May Have Helped Ease Recession

? For more news, visit the Business Section

? Get DealBook, a daily email digest of corporate finance newsDealBook.

Search NYTimes.com:

The unexpected surge along with the remarkable strength in consumer

spending helps to explain why the recession, to nearly everyone's

surprise, has been so mild and may be ending.



The mood was much different last fall. Anticipating harder times,

Democrats and Republicans pushed for an additional $80 billion to $100

billion in federal outlays. While they agreed on this goal, they

deadlocked over how to allocate the money. Democrats wanted the

government to spend nearly all of the money, while the Republicans

emphasized new tax breaks for business and consumers, not outright

spending.



Despite the bill's failure a severely watered-down version finally

passed this month government outlays rose sharply in response to dozens

of uncoordinated decisions and fortuitous windfalls. The surge, which

started in October, has continued into this month at a rate of more than

$100 billion, new government data suggest. And income tax cuts that went

into effect at the beginning of this year are expected to provide a

further lift to the economy.



"You can reasonably argue that the recession, which seems to have ended,

came to an end because of aggressive government spending," said Mark M.

Zandi, chief economist at Economy.com, a forecasting and data gathering

firm.



Some of the stepped-up outlays, of course, went to the military and to

pay for domestic actions to fight terrorism in response to the Sept. 11

attacks.



Significantly more, however, was delivered in the form of increased

spending on highways, school construction, Medicaid, unemployment

insurance and numerous municipal projects.



After shrinking last summer, the American economy reversed course and

grew from October through December at an annual rate of 1.4 percent. The

results of aggressive government spending not only at the federal level,

but among states and cities as well accounts for much of the swing from

contraction to expansion, even without adding in the tax breaks, the

Bureau of Economic Analysis reports. The rise in government outlays,

along with the remarkable bounceback in consumer spending after Sept.

11, more than offset declines in other sectors, particularly business

spending on new equipment, offices and factories.



Will that last? The hope is that the momentum from consumers and

government, two powerful engines of demand, will restart business

investment and the recovery will be on its way. The danger, however, is

that both may falter before the economy picks up sufficient speed.



Mortgage refinancing, rising wages, bargain prices, falling energy

costs, tax cuts and rebates, rock-bottom interest rates all these have

sustained consumers through the recession, despite rising indebtedness.

And while this year's income tax cuts promise to provide more stimulus,

most of the other supports show signs of fading.



Something similar may be happening to government spending not at the

federal level, where the outlays in response to terrorism seem

open-ended, but in the states and cities. Most experts thought that

spending at the state and local level would decline as tax revenue fell

during the recession. Reflecting this view, the advocates of a stimulus

package pushed last fall to include subsidies that would permit states

and cities to keep up their spending.



To nearly everyone's surprise the states and cities found ways to

sustain their spending anyway, despite balanced-budget laws that require

them to keep spending in line with revenue. This rear-guard resistance,

however, seems likely to give way by early summer when many new budgets,

mandating cuts, go into effect for the fiscal year 2003.



"You can expect the drop in state and local spending that did not occur

last fall to begin to occur now," said Kevin Carey, an analyst at the

Center on Budget and Policy Priorities.



So far, good luck and ingenuity have helped the states and cities dodge

that bullet. There was, for example, a windfall in 1998 and 1999 from a

federal excise tax on gasoline and autos. That tax, earmarked for the

states, produced an unanticipated $10 billion during those boom years

that is now being spent to build and repair highways.



"It takes time to arrange to pour concrete," said William Hoagland, a

senior staff member of the Senate Budget Committee.



There were other tactics for sustaining spending, despite falling tax

revenue. Reserve funds, built up to record levels during the boom, have

been drawn down. Some spending cuts have been announced and then

postponed. And some states and cities have simply crossed their fingers.



Consider Vermont. Faced with rising Medicaid costs and payments to needy

families, cities in Vermont have drawn $750,000 from a $2 million

account set aside to clean up oil spills. "The gamble is that there

won't be a spill into our rivers," said Steven Jeffrey, executive

director of the Vermont League of Cities and Towns, "or a leak from some

aging storage tank, and we won't have to repay the money,"



The fortuitous surge in federal spending showed up in a report this

month from the nonpartisan Congressional Budget Office (news - web sites

). The report compared federal outlays in the first five months of the

current fiscal year October through February with spending in the same

months in the previous year. Outlays were up 13.1 percent, double the

usual percentage increase. Over 12 months, the additional surge, if it

continues, will total $106 billion, or the equivalent of about one full

percentage point in economic growth, even before counting spillover

effects.



"If you want to argue that we have had stimulus, without stimulus

legislation last fall, I think that is certainly the case," said Barry

B. Anderson, deputy director of the Congressional Budget Office.



The jump in federal spending has been most noticeable in rising outlays

for the military, for internal security particularly at airports and in

subsidies to airlines to keep them flying. New York has also received

help paying for the cleanup at ground zero.



But an even greater amount has shown up as spikes in federal spending

for Medicaid, for unemployment insurance, and, among other things, in

outlays for education and highways. Some of this money was channeled to

the states, which accounted for slightly more than half of the

fourth-quarter surge in overall government spending.



The states and cities got their fattened subsidies after all, without

having them mandated in an economic stimulus package, as the advocates

had demanded last fall. The subject did not even come up in the brief

debate this month over the very watered-down economic stimulus bill that

Congress passed and President Bush (news - web sites) signed. It will

cut some business taxes and add only $8 billion to government spending,

all of it for extended unemployment benefits.



Economists and budget analysts are just beginning to offer explanations

for the unanticipated part of the surge in government spending since

October. The Medicaid increase, for example, is attributed mostly to

rising costs for prescription drugs and to growing participation in a

health insurance program for poor children. And stepped-up spending for

education has helped.



"There are a multiplicity of reasons," said Richard Kogan, a senior

fellow at the Center on Budget Priorities, "for this extraordinary

increase in government spending."



This is in your face from the X files of XXL...

L8

XXL

[Cuda]

Don't get a swelled head, XXL.

Kicking Dr.Detroit's ass has nothing to do with whether or not you know what you're talking about.

And, Dr. D, being right does not mean you didn't get your ass handed to you. Just look at what Index does to you on a nearly daily basis. You may be right, but Index always kicks your ass

[DrDetroit]

Cuda, always looking for a drive-by, eh? Too bad your sentiment is based on repeated schapappings, i.e., getting dick-slapped.

XXL, I thought you said you kicked my ass in that thread?? Funny how you claim that, but use yesterday's story as proof of that alleged "ass-kicking" in that thread,

BTW, you still never addressed the point I made, i.e., Japan's multi-billion dollar government spending program that miserable failed to end its recession. Hence, there's no way you "kicked my ass" in that thread as you never showed up for the fight, preferring to stand outside the ring and shout out, "address the title of thread, waaahhhhh" and completely ignoring the fact that I was addressing YOUR comments in the first place.

That's 2-0.

[Biggie Cohen]

<BLOCKQUOTE><font size=2 face="Verdana, Helvetica, sans-serif">quote:</font><table border="0" width="90%" bgcolor="#333333" cellspacing="1" cellpadding="0"><tr><td width="100%"><table border="0" width="100%" cellspacing="0" cellpadding="2" bgcolor="#FF9900"><tr><td width="100%" bgcolor="#DDDDDD"><font size=2 face="Verdana, Helvetica, sans-serif">Originally posted by DrDetroit:
That's 2-0.</font></td></tr></table></td></tr></table></BLOCKQUOTE>

What are you guys playing to? I'll take winner, unless you want to play doubles.

[DrDetroit]

RACK Biggie, you fugin smart-ass.

[Cuda]

<BLOCKQUOTE><font size=2 face="Verdana, Helvetica, sans-serif">quote:</font><table border="0" width="90%" bgcolor="#333333" cellspacing="1" cellpadding="0"><tr><td width="100%"><table border="0" width="100%" cellspacing="0" cellpadding="2" bgcolor="#FF9900"><tr><td width="100%" bgcolor="#DDDDDD"><font size=2 face="Verdana, Helvetica, sans-serif">Originally posted by Biggie:


What are you guys playing to? I'll take winner, unless you want to play doubles.</font></td></tr></table></td></tr></table></BLOCKQUOTE>

Biggie you'd kick both their asses put together. That would be my prediction

The only drawback would be having to listen to Defraud continually deny you'd kicked his ass and claim he'd "dick-slapped" you.

Which reminds me, you'll want to keep your distance in the showers if he's gonna be trying that kind of thing. Not that anybody would be surprised

[DrDetroit]

Cuda, sucking up to Biggie, now, eh? I thought you were Jimmah's crack ho? What happened, lover's quarrel. Too bad, you complemented him well.

[Biggie Cohen]

As long as this isn't like the index/Dr D competition, I'll be OK. I've had quarters up on that table for 18 months now. I think they're playing a best of infinity or something.