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Friday, March 05, 2010

They must think you're stupid

I have always distrusted these stories that feature consumer spending such as the super bowl will inject x dollars into the local economy and such, but this one stretches the imagination to the breaking point. i listed the whole thing since it is very short.

WASHINGTON – President Barack Obama has signed a bill creating a program to promote the U.S. as a premier tourism destination for international travelers.
The U.S. Travel Association calls it a major step in addressing the drop-off in such visits to the U.S. during the past decade. The association says the U.S. welcomed 2.4 million fewer overseas visitors last year than in 2000. And that, the group says, has cost it an estimated $509 billion in total spending and $32 billion in direct tax receipts.
Government and private industry would evenly split the program's costs, with Washington contributing up to $100 million a year. That money will come from a $10 fee paid by foreigners who do not pay for visas to enter the U.S.



Now the fact that his anointed one thinks that charging more for something will sell more is stupidity in of itself, but they would have us believe that each tourist spends $212, 000 when they visit our country.

2 Comments:

Blogger Morlock Banduar said...

Well, what do you expect from the party that thinks you can lower health care costs by increasing demand?

09:40  
Blogger Jar(egg)head said...

"Government and private industry would evenly split the program's costs, with Washington contributing up to $100 million a year. That money will come from a $10 fee paid by foreigners who do not pay for visas to enter the U.S."

Horsemalarky. It's more pork-barreling and Keynesian mumbo-jumbo. The "tourist deficit" and $10 visa fee are yet another smokescreen for yet more wealth redistribution scheming.

The government can't pay for jack shit, because they don't have any money that isn't forcibly taken from the private sector. They're just shaving a huge chunk off to pay for a bloated bureaucracy and then sending a piece back to the people they took it from in the first place.

WASHINGTON PRODUCES NOTHING. They can't "stimulate" anything, they can only tax and redistribute, and that never ever ever EVER increases GDP. It's a mathematical impossibility. Why liberals have such a difficult time comprehending this very simple concept is quite beyond my ken.

Oh, now I remember; it's because they're the kids who slept through public school math classes and then had to pass only briefly through a bonehead algebra classroom in college on their way to their 400-level journalism and drama courses. Now the people who can't count to twenty with their shoes on are running the country -- right into the ground.

14:27  

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