I want some TARP

[Tempest]

Originally Posted By: Gary Allan
Originally Posted By: Tempest
3.7 million new or "saved"

jobs / $825 billion = $222973 PER JOB.

Now that is a STEAL!

Well, that would be great if everyone got that in wages. Unfortunately, that's what you've got to put out for that much to "trickle down". I figure after the suits filter it, it should produce a few $40k jobs.

Where is your support of government efficiency Gary? We are told government is the only entity with resources to solve this problem. It doesn't matter how you spend it, as long as it gets spent right?

 

[Gary Allan]

I don't think I stated it that way. I've stated that you can't just evaporate the government spending and PRETEND that there's not a void there. I pointed out, many times, the (NON) Peace Dividend that closed all kinds of unneeded bases and reduced our standing army to minimal strategic status (the 2nd and 3rd strings doing any "elective" actions).

It just unemployed all the people and reduced the local economies around the bases.

That's easy enough to see.

Now IF you're going to run up a big bill ..then insert the money in the economy were the MOST people will see the benefit.

In a nation where money is liberty ..the notion of putting it in fewer hands is a contradiction for someone who claims to seek it.

 

[oilyriser]

There is no mystery as to what is being done. This is a spending cut via currency devaluation. And it's not a cut in government spending...

 

[ToyotaNSaturn]

The Sec of the Treasury was sworn in. He was a player in the TARP fiasco. He didn't pay his taxes unless his arm was twisted to do so.

Chicago big machine brought to the forefront for all to see. Aren't we lucky??

 

[jsharp]

Don't worry guys, the "economic stimulus" bill of the week will fix all of these problems. As we can see from this WSJ article.

The stimulus bill currently steaming through Congress looks like a legislative freight train, but given last week's analysis by the Congressional Budget Office, it is more accurate to think of it as a time machine. That may be the only way to explain how spending on public works in 2011 and beyond will help the economy today.

+

The stimulus bill is also a time machine in the sense that it's based on an old, and largely discredited, economic theory. As Harvard economist Robert Barro pointed out on these pages last Thursday, the "stimulus" claim is based on something called the Keynesian "multiplier," which is that each $1 of spending the government "injects" into the economy yields 1.5 times that in greater output. There's little evidence to support this theory, but you have to admire its beauty because it assumes the government can create wealth out of thin air. If it were true, the government should spend $10 trillion and we'd all live in paradise.

http://finance.yahoo.com/banking-budgeting/article/106489/The-Stimulus-Time-Machine



I love this plan. Let's expand it. If government spending produces 1.5X its cost in greater output and increased wealth, how about we let them spend $10 Trillion and we can wipe out the national debt.

 

[oilyriser]

That *is* what will happen, in relative terms.

 

[pbm]

Did any of you hear former Labor Secretary Robert 'Shorty' Reich's comments on Larry King's show regarding the stimulus money? His racist views are very interesting. Google it and see what I mean. Larry Kings remarks regarding his son's wishes are unbelievable too. If they weren't lefties the main-stream media would have been all over this.

 

[oilyriser]

I heard that one, too. My question about race is how do you measure a person's race, to know they are telling the truth when they fill in one of those forms?


TARP = TRAP

 

[hr1940]

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