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Stimulus Plan Explained

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In which John discusses the financial crisis, recessions, and the fiscal stimulus bill just passed by the US Congress and expected to be signed by President Obama. And John Maynard Keynes. Oh, and he brags about his Academic Decathalon bronze medal.Oh and if you're wondering why I'm not talking about CEO compensation and corporate jets, it's because they aren't EVEN SLIGHTLY relevant to the health of the American economy.For further reading: Mark Zandi (former McCain economics adviser): http://www.philly.com/inquirer... overview from the LA Times: http://opinion.latimes.com/opi... Keynes's last words: "I wish I'd drunk more champagne."

Channel: News & Politics
Author: vlogbrothers
Length: 03:58
Rating: 4.5613794
Views: 147853

Tags: economics  stimulus  bill  overview  recession  jobs  government  desperately  trying  to  raise  the  level  of  political  discourse  

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Video Comments

darrinbrand (November 30, 1999 at 12:00 am)
Debt is the problem. You cannot borrow and spend your way out of debt when the spending is used for consumption. Taking money from businesses and individuals in the form of taxes and using a portion of it (after much waste) to hire people to do tasks until the taken and/or borrowed money is exhausted is not job creation. This is asinine.
TrollinTheInterwebz (November 30, 1999 at 12:00 am)
It feel reassuring to see the giant squids of anger and the decaptcons on the board.I don't know if it's just me, but I ENJOY being apart of an awesome community with haters as well. Every group I see, millions of people are already apart of it, and nobody is against it. I don't want that. I want to feel like I'm doing something nobody else is doing. So really... thanks haters.Is that just me?
TheRealLife333 (November 30, 1999 at 12:00 am)
"We're in for a crap storm no matter what!" <---- YES!!!
nafaidni (November 30, 1999 at 12:00 am)
Sigh. So many people rejecting such a tested theory without any education. How arrogant.
akrskb (November 30, 1999 at 12:00 am)
The one thing we all forget is the source of all wealth..which is natural resources. Try going back on finding out where the money is generated
jepeto79 (November 30, 1999 at 12:00 am)
some pills ... maybe .... :)
karaluvsketchup (November 30, 1999 at 12:00 am)
I got a bronze metal in Academic Decathlon economics too! :) Yes, that makes me a little too happy.
manmusiclover (November 30, 1999 at 12:00 am)
How can we get out of this recession? Demand to pay less, agree to work for less, buy locally. Also, use the barter system. If we have another stimulus package we should get grocery certificates. Why? Because if we spend money on groceries it would: save on groceries to pay other bills, increase sales of products that employ large # of ppl in a wide number of companies.
movingtodie (November 30, 1999 at 12:00 am)
Ron PAUL!
djstud1987 (November 30, 1999 at 12:00 am)
@MCFADONNA right on...I always wonder about why can't we go back to the gold standard economy


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