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Then I suppose it won't be any trouble for you to back that up.
It was claimed it would prevent the jobless rate not to dip below well above their present state we find them at.I guess all those unwashed unemployed whiners are just tea baggers trying to hold Obama down.
Then I suppose it won't be any trouble for you to back that up.
Govt. spending money to create govt. jobs is kind of cherry-picking, donthcha think?
My 8 year old is clever enough to pull that off:
When I say I can't afford something...."well just write a check, Daddy!"
I'm sorry son, I'm not in government, I actually have to HAVE money in order to spend it.
I think red states should be denied stimulus funds- and forced to pay back the money they've already spent. Then in a few months we can compare unemployment rates between the rational blue states and the worthless ass red states and see what's up.
They deserve far worse actually, but as long as the stimulus isn't doing anything for them, I'm sure they won't mind.
This, coming from someone living in the whitest city in the reddest state in the US.
Well he likes black people he just doesn't want to live next to them, or have one marry his sister.
What is it with you and the accusations of cherry-picking?What am I cherry-picking, exactly? Anyway, cute story, but not appropriate unless your goal is simply to say you don't believe in credit, which I very much doubt you do if you've ever gone to college, bought a home, or spent Xmas with your children.
The government borrowed the money the same as you would have if you'd used a credit card. It invested in keeping the states in the black because a more-than-significant number of people are employed by the state, and because the loss of those jobs would have only contributed to the economic tailspin of the country. Long-term, the debt incurred was believed to be a lesser evil than a broken economy.
As for the government jobs and contracts with private companies that are (or were?) supposed to be created on top of that... it's premature to say they'll never exist, I think. But just speaking for Texas, I can say without pause that the stimulus helped all of us by just maintaining the employees it already kept . By the same token, however, I suspect that even if thousands of new public works projects were suddenly commissioned, the state would have a tough time filling them: so many of the unemployed are professionals, and probably consider ditch-digging beneath them (and will until they're desperate enough to have to take one, likely).
At any rate, I think the state stimuli weren't such a bad thing. The management of the TARP by both administrations, on the other hand... if people want to complain about the lack of jobs or the needless debt the Fed put us in, they should probably direct their ire there. That 's done more to turn this country into a Mexico-style oligarchy than any single event in my lifetime.
Last edited by admiralsnackbar; 10-22-2009 at 02:38 PM.
Is that you Chimp...denial and rhetoric and saying it's Bush's fault aint going to work no more.But please if that's your agenda by all means continue with it.Come2010 I don't think dodging the issues, and telling the people to put their heads back in the sand, cause it's just to scary to deal with, is a strategy that will work, so by all means bury your head in the sand or....wherever you bury it, I think it will make things easier for eveybody.
No knock on Mexico, but that does seem to be the direction we're headed politically and economically.
You can't back it up, can you?
Is the Russian Oligarchy a closer model to where we are heading?
ummm.. in case you haven't noticed the US has been a de facto oligarchy since its inception.
the never ending tarp slush fund
from the foundry by conn carroll
this afternoon president barack obama announced that his administration would shift tarp’s $700 billion bailout fund away from big financial ins utions and toward small businesses through small banks.specifically, the treasury department will offer capital from tarp, at a 3% rate, to viable banks with less than $1 billion in assets. These small banks must first submit a plan explaining how the capital will allow them to increase lending to small businesses.
But remember that tarp was originally sold to the american people as a way to protect the economy from the systemic risk posed by the collapse of firms that were too big to fail. Small businesses and small banks are by definition not too big to fail.
First under the bush administration and now under obama, tarp has become a slush fund for pet political priorities. And as the new york times reports, this time it is even being used to influence votes in congress:what is striking about the s.b.a. Initiatives is not just the size of the increases but whom they appear meant to impress. The new loan limits closely track increases proposed by olympia snowe, the senator from maine who is both the ranking republican on the senate small business committee and possibly the only republican considering voting for democratic-led health care reform.the obama administration has the authority to extend tarp until next october. But even members of his own party are growing tired of the lawlessness it has created. Rep. Dan lipinski (d-il) has called for tarp to be ended this december, telling usa today: “we don’t even know where the money went.”
…
at least one observer was not surprised. “who is the one senator they need on health care reform?” a lobbyist who has followed the issue asked, rhetorically. “what number do you think they’re going to pick?”
And all the people in my state, including me since I live here, should suffer. My representatives didn't vote for the stimulus. Now according to you morons it isn't working. Obama should take Utah's money (every red state's money) and give it to the states that are progressive/grateful/not dominated by rightwing malcontents. I'd be happy knowing my fellow Utahns were worse off for it.
And you of course, being the intellectually bankrupt racist you are, can't make a distinction between race and ideology. What does race have to do with employment?
I noticed. But we haven't always been so overt about it.
Should the redstate's have to pay the bill of this money, or do you still think it comes from a tree?
I don't know very much about Russia, SnC. Make the case.
What the are you trying to say? Should the redstate's (red state is) have to pay the bill of this money or do you think it comes from a tree? WTF?
Oh sorry I thought you said "doesn't seem to be the direction we are heading".
How has it not? Do you even know what an oligarchy is?
There's a reason I said de facto oligarchy and not so much an outright one.
Fixed
I worked for a US company in MX as a gov't contractor for several years and believe you me... we're on the fast track. Our politics are even starting to starkly resemble Mexico's thanks to the burgeoning class-warfare, with the GOP morphing rightward towards the PRI's fascist corporatism (only with a creepy Christian Fundamentalist twist), and the Dems gaining more and more momentum away from the PAN and towards the PRD's culture of universal en lement and welfare-ism. I guess it's the curse of a two-party system... both parties egg each other on towards their respective ideological extremes in their quest for votes until they create the illusion that there is no middle ground, or that centrist moderation is "wishy-washy."
I guess the way I'm defining Mexican oligarchy is that the middle class is reduced to a tiny fraction of the population. If the US was once that way, it had stopped being so by the 50's.
the govt. indirectly taxed every dollar holder for that stimulus money so the damage is done to the economy regardless of where its spent. Every job that wouldn't exist but for that stimulus money (all 5 of them) is just going to go away when that stimulus money goes away.
so what does it really matter what state gets what money?
It doesn't. But the OP's thesis was that the stimulus isn't saving jobs. I just supposed we could hypothetically test that theory by withholding stimulus funds from red states who didn't want it and don't think it's working, then compare their unemployment rates with the rest of nation's.
And that is just ridiculously untrue. The stimulus preserved thousands of education jobs in my state. Probably hundreds of thousands across the nation. Those are teachers that were employed before the stimulus, that otherwise would have been fired, were it not for it.Every job that wouldn't exist but for that stimulus money is just going to go away when that stimulus money goes away.
The stimulus bailed out my state which didn't have money to pay the teachers it already employed. Assuming Utah can get its own financial cards in order, there is no reason those jobs won't continue to be preserved after the stimulus and recovery. They existed before it. And, they're vital.
Last edited by balli; 10-22-2009 at 12:30 PM.
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