and seriously, you are all arguing about something that has not been announced, and you have no idea what will be in it?
COOL![]()
http://www.bloomberg.com/news/2011-...00-billion-for-jobs-to-boost-u-s-economy.html
If $800 billion wasn't enough the last time, how is $300 billion going to help? What is he going to do, bail out Solyndra?
show me 800 billion spent. Do it nowhttp://www.bloomberg.com/news/2011-09-06/obama-said-to-plan-more-than-300-billion-for-jobs-to-boost-u-s-economy.html
if $800 billion wasn't enough the last time, how is $300 billion going to help? What is he going to do, bail out solyndra?
show me 800 billion spent. Do it now
www.recovery.gov
show me 800 billion spent. Do it now
www.recovery.gov
The American Recovery and Reinvestment Act of 2009 distributes funds in three ways. Since its enactment in February 2009, $710.8B has been paid out.
$310,160 per job created, yeah government efficiency at it's best.
My my....How polarized we've all become. Seamaiden and I are now running a beautiful 12,000watt Solar Array with energy efficient upgrades to insulation air conditioning/heating compliments of Stimulus funds....and at 0% interest. Sure, we'll pay on the loan, but we will never have to pay another PG&E bill for as long as we live here (and we intend on making this house out last home).
Furthermore, the crew that came out and did the initial inspection was comprised primarily of former SureWest employees who were laid off as a result of the housing collapse. As of today, they have more work than they can ask for and will hire more people. The contractor who performed the installation hired additional crews to accommodate the additional workload.
Dont kid yourself, 300B is not nearly enough... Keynesianism at work? Barely. I've made it clear on these boards of my position - at least a Trillion is needed or this is all just a waste of time.Is it me or do you sense another debt ceiling debate looming in the near future????
Okay mame, this is your economics test. Keynesian at work. Will it work?
You can say whatever you'd like to that, only time will tell. I'm curious to say how this fails.
Dont kid yourself, 300B is not nearly enough... Keynesianism at work? Barely. I've made it clear on these boards of my position - at least a Trillion is needed or this is all just a waste of time.
Worst part is, if Obama goes with another inadequate stimulus and it doesn't do the job (because it's not large enough) the naysayers will just take it as "evidence" that stimulus doesn't work and more will be politically impossible. I really hope there's something more to this than just $300B...
I was expecting that, it's never enough, where should we pull this money from? Borrow more counterfeited money for the FED?
If nothing comes of his jobs plan, as VTXdave said, he's toast.
To UB, no I did not calculate tax breaks in, do you think it's going to subtract/add in to take away from my point?
considering how much went to tax breaks, incentives, and other ventures (like turning the doe into a huge venture capital fund for advancing sustainable energy and leveraging private sector dollars, among many) i would say it would make your figure look a lot less bloated.
just my opinion though. your mileage may vary.
There is such a thing as enough spending, and it's based on actual data... The $800 Billion stimulus was known to be too small by most Keynesians (most advocated for 1.2-1.5T of stimulus, mostly in aid to local governments and infrastructure) before it was even passed, for example. What Obama seems to be doing is making a political calculation, "how big of a stimulus can I push for without committing political suicide?" - the problem is, pushing an inadequate stimulus could potentially be turned against him if it doesn't work well enough... And it wont, because it isn't large enough - so he may be committing political suicide anyway.I was expecting that, it's never enough, where should we pull this money from? Borrow more counterfeited money for the FED?
If nothing comes of his jobs plan, as VTXdave said, he's toast.
To UB, no I did not calculate tax breaks in, do you think it's going to subtract/add in to take away from my point?
There is such a thing as enough spending, and it's based on actual data... The $800 Billion stimulus was known to be too small by most Keynesians (most advocated for 1.2-1.5T of stimulus, mostly in aid to local governments and infrastructure) before it was even passed, for example. What Obama seems to be doing is making a political calculation, "how big of a stimulus can I push for without committing political suicide?" - the problem is, pushing an inadequate stimulus could potentially be turned against him if it doesn't work well enough... And it wont, because it isn't large enough - so he may be committing political suicide anyway.
I'd guess he thinks doing something is better than nothing, which is true as any stimulus is going to help to some extent (see: 3 million saved/created jobs via the 800B stimulus... it did help, just not enough...). The problem seems to be that a weak stimulus will hurt his ability to seek more stimulus in the future, if he even remains in office.So what is the point?
I'd guess he thinks doing something is better than nothing, which is true as any stimulus is going to help to some extent (see: 3 million saved/created jobs via the 800B stimulus... it did help, just not enough...). The problem seems to be that a weak stimulus will hurt his ability to seek more stimulus in the future, if he even remains in office.