Frank and Ernest by Thaves for August 10, 2009
August 09, 2009
August 11, 2009
Transcript:
Frank says, "Maybe we were supposed to use the stimulus money to fix the potholes by spending it."
drwatson over 15 years ago
That’s what happened to it.
pschearer Premium Member over 15 years ago
The stimulus money won’t work no matter how they use it. Where does anyone think the money is coming from?
If they get it by printing new money (or the equivalent via all the mechanisms the Fed has to inject money into the economy), we will pay for it by loss of purchasing power as prices inflate.
If they get it by borrowing (such as by selling more government bonds to China), it is a Ponzi scheme that will crash just as Bernie Madoff had to.
If they get it by taxing, it just takes money from one person to give to a different person to spend instead. No overall stimulation there, especially not if they take it from the richest people who already pay the most taxes and who also provide the most investment for the economic growth needed for the recovery.
Lose, lose, lose. In short, there is no way to “stimulate” the economy because there is no way to correctly mismanage an economy.
Yukoneric over 15 years ago
Buried mine in the ground.
lewisbower over 15 years ago
But the politician can come home and tell his constituents how much stimulation (pork) he got for his state without mentioning taxes. April 15th is a long way away
MangoEater over 15 years ago
Such a succinct lesson in economics, ps! Is this the only way we can get sense into the media? Through Frank & Ernest? The comics in DC are too far into fuzzy-wuzzy land playing Simon Says , , . with 300 million lives that they can’t get it.
OzzyStillbourne over 15 years ago
Umm… Hey, there’s a comic up there.
lazygrazer over 15 years ago
Just put it into your pockets like the other recipients did.
caddy.1957 over 15 years ago
Ummmm…looks like I messed up…paid bills with mine..May I have another check so I can “Do Over”?
MisngNOLA over 15 years ago
Mulligans are for golf, do-overs are for when the ball hits a power line in street baseball or stickball.