$819 billion in perspective

[The Reckoning]

Australias PM just released a AUS$42billion stimulus package today...

muwahahaha

looks like america is taking the ship down with the captain

[FreeMason]

I can't believe anyone got a bonus after driving his business into the ground. Just another example how out of touch these people and companies are.

Mr Chumpdumper, with all due respect my good man.

Yes they are out of touch, but have you thought about the scam Pelosi just tried to pull on 300 million Americans? It is utterly disgusting the steaming pile of she put forth in this stimulus bill.

During America's time of need, she uses this opportunity to fund en lement programs, strengthen unions, attempt to get a political stronghold for the dems in the next upcoming years by paying off no telling who for votes...

Thankfully, it sounds like Obama will cut a lot of it out (because bless his heart, I know he had nothing to do with this atrocity)...but he should absolutely chop that down in front of the public for the disgusting act she committed.

My lovable gal Nancy Pelosi, Obey, and whoever else had a part in this are all traitors to the United States of America.

[TDMVPDPOY]

this recession reminds me of the early 90s....where the recession we needed to have.....it didnt fix things, and watever party was in govt that time didnt stay around long cause of high unemployment and interest rates.........the only thing that save that era was the internet boom imo.......

[DarkReign]

the only thing that save that era was the internet boom imo.......

Bingo. I was having a conversation the other day with an expecting father. I basically said "We're all ed. Get used to it."

"Dont tell me that, Ive got a kid on the way"

I said, "You should have read a newspaper before then and pulled out if you had any shred of decency as a human being."

I told him the only hope for everyone is another internet-type advancement/invention. Something new that changes the world like the net did.

Yeah....not happening. So I was working on cold-fusion the other day...

[SnakeBoy]

I told him the only hope for everyone is another internet-type advancement/invention. Something new that changes the world like the net did.

Internet bubble-> housing bubble-> green energy bubble. That seems to be the plan, will it work???

[Winehole23]

Internet bubble-> housing bubble-> green energy bubble. That seems to be the plan, will it work???

We lack the technical base for that third thing, so we better get crackin'!

[Blake]

Internet bubble-> housing bubble-> green energy bubble. That seems to be the plan, will it work???

what jobs would come from a green energy economic boom?

[TDMVPDPOY]

what jobs would come from a green energy economic boom?

i doubt they create alot of jobs as compared to losing alot in the mining of fossil fuels field, if this is the way to go in the future. Dont get sucked in fellas with the rebates and your better off sugarcoating speech from ur leaders, yeh sure you be cutting about 100-200 of ur energy bills, but hey increase costs to fund that mandatory emissions scheme when it kicks in.

[SnakeBoy]

We lack the technical base for that third thing, so we better get crackin'!

Do we need a technical base to create a new speculative bubble?

[Winehole23]

Do we need a technical base to create a new speculative bubble?

Good question.

Probably not.

[Blake]

Do we need a technical base to create a new speculative bubble?

I assume we are talking stock market?

I don't think you have to show off your solar vehicle that can go 200 miles after shining your flashlight on one of the panels, but I think there has to be some sort of base.

I haven't read up on it too much but I hear tell that Gates has invested in some kind of algae energy....

[LnGrrrR]

Good question.

Probably not.

Considering all the Flip Your House shows I used to see, I can definitively say that it does not take alot of technical knowhow to create a bubble. In fact, I think the opposite is more likely to create that bubble.

[Winehole23]

Hopefully,the "green bubble" will incubate technology we can actually live with and elaborate on after the initial investors get fleeced.

Or maybe we'll start acting like the Saudi Arabia of coal. Who knows?

[Winehole23]

Considering all the Flip Your House shows I used to see, I can definitively say that it does not take alot of technical knowhow to create a bubble. In fact, I think the opposite is more likely to create that bubble.

Line items in the federal budget sure can't hurt.

[Wild Cobra]

Considering all the Flip Your House shows I used to see, I can definitively say that it does not take alot of technical knowhow to create a bubble. In fact, I think the opposite is more likely to create that bubble.

One of the few things I agree with you on. These bubbles are created by people in the know creating an environment to suck in the ignorant, and cash in on their money. Lots of people got very rich on these bubbles!

[Wild Cobra]

Line items in the federal budget sure can't hurt.

I agree to a point. I don't think the president should be able to take anything out at will. Only things that are not withing the le, purpose, and scope of a bill. This way, he can strip the pork out.

[TDMVPDPOY]

aus had a $100b surplus last financial year, this year? its n $110b in deficit stupid credit crises, actually the previous govt who didnt spend it who was to greedy saving it when the economy was booming and high inflation/interest rates.

PM tried to pass $42B stimulus package through the senate only to be blocked....lame.

its n lame when one party puts there interest above all citizens...its fukn stupid. who gives a which party you belong too, if you got a good idea/solution to the problem....raise ur hand and voice ur opinion instead of sitting back blocking blaming the current govts poor decision making policys.

[TDMVPDPOY]

I dunno what is americas current NFD is atm

but damn $819B barrowed x cash % interest around 2-3% = 1.638b-2.457b interest payable added to the NFD per year....ouch.

ps. I wish i was that poor country that kept on barrowing money from the IMF and having those loan debts written off by the big wealthy countries while parking in a bunker underground doing nothing to it, and loaning it out now to these countries trying to stimulate the thier perspective economys.