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Well they are looking at a new "jobs bill" since the stimulus didn't create as many jobs as they thought. So I take it that they are admitting it didn't work.
But why another bill ? Why not just release all the rest of that stimulus bill that they are saving for 2011/2012 ?
Well they are looking at a new "jobs bill" since the stimulus didn't create as many jobs as they thought. So I take it that they are admitting it didn't work.
But why another bill ? Why not just release all the rest of that stimulus bill that they are saving for 2011/2012 ?
I believe most of the money has already been allocated.
LOL! The Morgans, Loebs, and Rothschilds were the only ones right about the stimulus. They counterfeited the money, gave themselves the monopoly money, then charge us a "debt", and then collect "interest" from the lowly Americans. Yeah, the stimulus sure stimulated their wealth
Nothing new here boys and girls...same crap that has been going on since Wilson. Stupid American drooling slaves and wealthy ruling elite bankers and financiers.
The Stimulus has worked very well. Just ask the millions who are now working and would not have been otherwise. Has the Stimulus solved all our problems, no, it was never said that it would. The Stimulus has initiated a good deal of movement toward building future industry.
Well so far the issue I'am seeing being pointed out with the stimulus at this point is that it has been helpful in saving jobs for people who might have been laid off but it hasn't so far had the "multiplier effect" that is supposed to be leading to new job creation. This may be attributed to the fact that many of the stimulus jobs are temporary jobs. These workers aren't having these jobs long enough it seems to be able to spend money made from these stimulus jobs over a longer period to cause this multiplier effect to happen.
What do people think of Germany's situation in post 18? Could that apply to the U.S?
Japan of the 90's is a better example of what we will see in the near future. In the long run, Germany of the 1923 will be what we will see long run if we keep "stimulus" spending with "debt" to the Central Bankers.
If the "Big Question" is: Does the jobs bill push mean the stimulus failed?, I don't think we know the answer yet. According to Recovery.gov, out of the $787 billion appropriated for the American Recovery and Reinvestment Act of 2009, approximately $220 billion has been spent. I don't think, less than halfway through the stimulus, anyone can say that the stimulus either succeeded or failed.
$220,000,000,000 to save (whatever that means) or create 640,000 jobs.
When I do the math I come up with saved or created jobs that cost $343,750 each. Even if the jobs really exist (highly unlikely), the program is a catastrophic failure. This money has to be paid back with interests and that will cost millions of jobs in the future.
LOL! The Morgans, Loebs, and Rothschilds were the only ones right about the stimulus. They counterfeited the money, gave themselves the monopoly money, then charge us a "debt", and then collect "interest" from the lowly Americans. Yeah, the stimulus sure stimulated their wealth
Nothing new here boys and girls...same crap that has been going on since Wilson. Stupid American drooling slaves and wealthy ruling elite bankers and financiers.
Not that I disagree with you, but the bank bailouts and the stimulus are two different things.
Not that I disagree with you, but the bank bailouts and the stimulus are two different things.
True. However, regardless of who "receives" the stimulus money, as it is "debt" money, or counterfeit in reality, only those who own the monopoly of the currency truly profit. Everyone else just goes further into debt and slavery. In the end, it is only the counterfeiters of the fiat currency that ever really profit from debt spending. Our slavery is the perpetual interest paid on this imaginary "capital" and in the devaluation of all the other "money" in circulation while the presses roll.
When you get right down to it, ALL jobs are temporary. If or when people stop demanding whatever it is that you provide, you're out of a job. Stimulus jobs of whatever type or duration keep people off of unemployment and let them keep buying groceries and getting the car fixed and maybe going out to a movie. All of that spending generates demand that helps keep somebody else's job from going away, whether it's a checkout clerk, a mechanic, or a ticket-taker. When those people spend, the cycle starts again.
The stimulus was not supposed to BE the economy. It was designed to provide a bridge through troubled times. Tax cuts and benefit increases were front-loaded to get some stimulus out quickly. Unless those are extended, 2010 and 2011 will be more focused on research and infrastructure projects that have a longer startup time.
The job estimates on recovery.gov are meanwhile based on the concept of full-time equivalents. If you hire one guy and pay him $20 an hour for a year, or two guys and pay them $20 an hour for six months. or four guys and pay them $20 an hour for three months, it's all the same thing -- one job.
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