The Washington Post reports on the effect of the spending package on the Washington DC area:
The nearly $790 billion measure is expected to provide a windfall for
road repairs, energy projects, education and hospitals. Information
began to trickle out yesterday about its impact on the Washington area
as officials await the release of additional details.
The region would benefit not only from new education,
transportation, Medicaid and other funds provided to all states, but
also from an extra jolt of money for repairing government buildings and
helping federal institutions, officials said.
The Obama administration predicted that the bill would create or
save 66,000 jobs in the next two years in Maryland, 12,000 in the
District and 93,000 in Virginia. Some economists said the
administration's figures appeared too high, however, and others
cautioned that it was difficult to predict exactly how the stimulus
package would translate into jobs.
The article goes on to quote other numbers from the White House. No mention is made of the costs of achieving these benefits. The only qualification is this:
Some economists said the administration's figures appeared too high,
however, and others cautioned that it was difficult to predict exactly
how the stimulus package would translate into jobs.
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I think the only jobs they are concerned about are their own. The real question is how many votes will it generate.
Woohoo! It's a party!
Some economists….
…like Larry Summers?
Reading/listening to him it is clear that he really would like to say that this plan won't work.
Some economists….
…like Larry Summers?
Reading/listening to him it is clear that he really would like to say that this plan won't work.
I love how those politicians in favor of this plan always say "it will create or save X number of jobs."
How exactly do you measure the quantity of jobs that are "saved?"
Our politicians have yet to clarify this.
Meanwhile, here in Silicon Valley, the question is again asked: "What's in it for us?".
I am so tired of this. The free lunch was had by the people on Wall Street these last 10 years as they took trillions out of the productive economy and added nothing in return. Now they have hundreds of millions of dollars instead of billions and we get to bail them out and fund the recovery by paying even more taxes.
They are he guys we are paying the bill too. They are the guys who took the equivalent of 10 years worth of federal taxes out of your retirement account.
Muirduck slings around phrases like "free lunch" like monkeys sling shit in the zoo. Pretty much the same thing.
Unemployment in the metro DC area was 4.7% in DC area. Gee, just the place to spend the 'stimulus' to ensure the multiplier is zero!
I wonder when the D.C. area will start putting up some pyramids? (hint to muirgeo: sprucing up government bldgs. in DC is the same damn thing.)
"Muirduck slings around phrases like "free lunch" like monkeys sling shit in the zoo. Pretty much the same thing."
No Mezz,
The monkeys know what they are doing.
The free lunch was had by the people on Wall Street these last 10 years as they took trillions out of the productive economy and added nothing in return.
And we object to bailouts.
But George, where are those trillions of dollars? Were they thrown into the money pit?
At what point does a free,democratic society crossover to a coercive, socialist society which abuses its citizens and unlawfully confiscates property? Can a government unlimitedly force its constituents to contribute to some government entity which essentially benefits those connected with managing the plan? I think we crossed the line in 1933.