Feeling Stimulated!

[merrylander]

Originally Posted by piece-itpete

Gotta love temps - when you're done with them you just toss'em in the dumpster

So, we spent 800 billion to lower the deficit how much?

Heard this morning that foreclosures hit a record.

Pete

Not really, so you don't get all the bennies, you do get $$$ BTDT.

We spent it to avoid running over the cliff like a bunch of lemmings.

Of course they hit a record, because bankers are by and large witless. They would rather have a house stand empty, pay for grounds upkeep, risk property destruction, etc. than come to an arrangement with the former tenants.

[noonereal]

The governments approach to the mortgage crisis was ass backwards.

Everyone victimized by the sud prime mortgages should have had their home refinanced by the government. This would have not only saved the banks but also the little guy. Instead look at what has happened. The little guy is homeless and the bank is paying dividends as high as ever and still at the roulette table.

The handling of the sub prime mess was a terrible mistake.

[d-ray657]

Originally Posted by piece-itpete

Gotta love temps - when you're done with them you just toss'em in the dumpster

So, we spent 800 billion to lower the deficit how much?

Heard this morning that foreclosures hit a record.

Pete

Come on Pete, you're in business. You know you have to spend money to make money. Balancing the books is a function of both revenue and expenses. The report I linked to a few weeks ago indicated that the deficit would have been half again higher this year if the stimulus package and Tarp had not been enacted. That would have resulted from even lower revenue than has been collected in the past 18 mos. As the report in this thread indicates, revenues are increasing, thus the deficit is smaller than this point last year. Of course that doesn't mean that we are back yet, but that we would have had higher unemployment, greater demands on the unemployment system, greater deficits by the states (and less money for the corporations to hoard).

Regards,

D-Ray

[piece-itpete]

I do realize it isn't neccessarily a zero sum game. Just pointing out it's a little early in the game to call it.

And unemployment is above 8%.

Anyone have any savings? Quit hoarding!

Pete

[merrylander]

Originally Posted by piece-itpete

I do realize it isn't neccessarily a zero sum game. Just pointing out it's a little early in the game to call it.

And unemployment is above 8%.

Anyone have any savings? Quit hoarding!

Pete

Let's see, $7500 for a new roof, $8000 for new patio doors, $2000 to get a new floor and railings on the deck, and $500 for the front sidewalk, not to mention what it cost to get the kitties fixed. So what have you done?

[BlueStreak]

I gave the Swiss economy a little boost on tuesday.

Dave

[piece-itpete]

Rob, I stimulated the heck out of everything, back when my house was worth something

Now I've only stimulated car parts suppliers

Pete