Comments on: You Call This Stimulus?

By: Wisewoman

Wisewoman — Fri, 27 Feb 2009 01:53:20 +0000

Chris. Please do the math! Taking the CBO’s estimates for the 787 billion package, I hope you are aware that if the bill creates 1.3 million jobs the cost per job is $605,385. If 3.9 million jobs are created the cost is $201,795/job. In spite of all the spin about the breakdown can not be handled in a static way of calculating this, one’s objective sense would indicate that this is INSANE!! We Americans are insane if we allow these people to pull the wool over our eyes in some quake doctor type way.

By: PamFlorida

PamFlorida — Thu, 26 Feb 2009 18:33:43 +0000

You need more information.

By: PamFlorida

PamFlorida — Thu, 26 Feb 2009 18:23:47 +0000

You left out the next BANK BAILOUT of ANOTHER $700 BILLION, the Omnibus Bill at $485 BILLION(a catch-all for every piece of pork they couldn’t sneak into bills before Obama), and the 2010 Budget that is projected to cost almost $4 TRILLION.
Are they crazy??? Pelosi is grinning like the Joker in Batman, Rahm is rubbing his hands together with glee, Congress is aiding and abetting the rape of the American people, and the govenors are selling out for a few measly million without a clue as to the staggering consequences to follow.
I need a flippin roof and my car engine replaced. Where’s my “stimulus”?

By: C.S.

C.S. — Thu, 26 Feb 2009 14:01:31 +0000

This “stimulus” is like those Greek columns in Denver; they made a pretty picture but hid an ugly process. Unless the unknown, untried Mr. Soertoro/Obama listens to someone who knows more than he does he’s going to find his pretty picture of money piled on top of a styrofoam foundation collapsing under the weight of an ugly system dependent upon the U. S. taxpayers who no longer pays into the treasury because they are jobless.

And anyone who doesn’t know what happens to an economy in collapse needs to do a little research. The U.S.S.R is our most recent example but there are many who show when a country is as economically unsound as we now are, blackmarkets become the economy. And close behind them comes crime and a barter system to fund it. And Chicago pol Obama knows this; he lives in a mansion purchased outside of our economic system. Will that be Soertoro/Obama and the Democratic “legacy”?

Name one person in our present government with the will and power to prevent this “trickle down” theory of Regan’s administration that Soertoro/Obama admires. And don’t forget that in spite of the Depression safeguards on banks, the Reagan administration, aided by the Bush boys, brought down a banking system that cost U. S. taxpayers trillions of dollars. Deja vu anyone?

By: Patience

Patience — Thu, 26 Feb 2009 05:05:11 +0000

SO, yet another huge spending bill is in the works on top of the “stimulus” bill. At this rate, there won’t be any money left for the private sector to borrow. We’ll all end up working on the government plantation sooner or later. For me, been there, done that when I was a social worker way back when. It was my experience then that a very small percentage of people actually worked while the majority of employees merely took up space and waited for quittin’ time.

I’ve read a lot of concern about middle-class mortgage defaulters getting unfair breaks due to the proposed bailout. But while there’s a provision that says applicants must be credit worthy, there’s a caveat: crises beyond one’s control can assure eligibility. This seems purposefully vague enough to possibly include factors like race, non-citizenship, single-parent status, chronic unemployment, etc.

I don’t believe for a minute that raising taxes on those who earn over $250,000 will pay for all of this spending. And it doesn’t even include the lavish agenda the POTUS proposed in last night’s speech.

He and Congress are so busy with their spending spree that they haven’t sufficiently addressed the economy’s worst problem — the credit crisis. It’s no wonder — they’ll be the only ones in a position to borrow before they’re finished stimulating us up the posterior.

By: Linda C.

Linda C. — Thu, 26 Feb 2009 04:13:26 +0000

I am not ready to scream at the stimulus bill yet. It is going to be up to the states to spend allot of this money. So we will see what the states do with it.
What gets me is that Govs like Jindal don’t want money for unemployment benefits because they cover part-time workers. The era of full time work with benefits left us about 7 years ago. Many people are hired at 32 hours a week so the company can skip paying benefits. When they loose their job they don’t get unemployment either.

By: Patience

Patience — Thu, 26 Feb 2009 03:21:02 +0000

If this administration keeps it up, we’ll all have to work on the federal plantation before long. Government will have to borrow so much money to fulfill the terms of the stimulus bill that credit will be even harder to come by for businesses and individuals. And don’t forget Congress is working on yet another big spending bill. And the more serious issue of the credit crunch hasn’t even been addressed yet — the POTUS and Congress have been too pre-occupied with their spending spree.

PLUS, the mortgage bailout will place even more burdens on taxpayers and the banking industry. It’s occured to me that in spite of the provision that mortgage bailout applicants must be credit worthy, another provision that allows eligibility based on crises beyond one’s control seems purposefully vague enough to include things like race, non-citizenship, single-parent status, chronic unemployment, etc.

By showing us just the first 3 pages of the bill, Larry has exposed the truth and intent of it: it’s a huge remittance to political patrons rich and poor for services rendered to the POTUS.

I was a government employee long ago (social worker). It was my experience then that a very small percentage of people did the work while most others merely took up space and collected their pay and benefits. I wonder if times have changed since then?

By: Mutiny on the Mounds Bar

Mutiny on the Mounds Bar — Thu, 26 Feb 2009 02:40:27 +0000

Government jobs can be worse than unhappy marriages. You work and work with miserable people, no vacation, no promotions, just a pension. The only way you get to transfer out, if you hate where you are, is if someone else retires, gets fired or quits. Openings are few and far between, not to mention privileged information.

By: Mutiny on the Mounds Bar

Mutiny on the Mounds Bar — Thu, 26 Feb 2009 02:35:56 +0000

It’s what he did before. Sen. Obama earmarked $100 million to Tony Rekzo, his political godfather. Then 11 Rezko buildings were condemned in his district. Tenants froze to death in the winter. Little Curtis’ skull was crushed by a rusty gate. Obama lived in a mansion, Michelle’s salary tripled with no additional responsibilities and his daughters went to private school. His constituents’ children were lucky to make it to school alive and receive their inferior educations, courtesy of Obama and Ayers’ failed Annenberg Challenge.

By: Docelder

Docelder — Thu, 26 Feb 2009 01:07:18 +0000

Then again, in four years bread may be $13 a loaf… provided the store has any on the shelves. Because, somewhere in the in the confusion… the farmer may not be able to turn a profit growing wheat with what fuel costs. Or, his farm may be foreclosed and in the portfolio of some bank. Or, the trucking company may not be able to make the fuel payment. Or, the store may not be able to make payroll and rent. A lot can happen… a lot already has.

By: PO'dVet

PO'dVet — Thu, 26 Feb 2009 00:58:54 +0000

Actually in 4 years…you will have just enough to buy a new bedroom set. As long as it’s a cheap one that is!

By: EWard

EWard — Thu, 26 Feb 2009 00:41:44 +0000

Larry

Excellent post! I want to take my time to go through these numbers. However, could you do something about these trolls? Throw them under the NQ bus………….

By: Buzz Latte LaRue

Buzz Latte LaRue — Thu, 26 Feb 2009 00:34:35 +0000

The more I hear about this debacle Obama has signed off on I think it sounds more like a SCREWYOULUS package.

By: PO'dVet

PO'dVet — Thu, 26 Feb 2009 00:08:00 +0000

In other words…Section 502 is the slush fund for Obama’s future Rezko type friend.

By: Sassy

Sassy — Thu, 26 Feb 2009 00:06:42 +0000

Shocking!
I didn’t realize that D.C. royalty shopped in malls!

Newt Gingrich commented that parents should tell their kids to forget medical and law degrees…go for secure government jobs!