1 trillion stimulus

[Charles]

If my humble cipherin' skills are correct, 1 trillion dollars would put 10 million people to work for one year at a salary of 100K ea.

Now I'll not ask where the stimulus money went, but does anyone besides me think it could have been better spent?

Chas

[finnbow]

Originally Posted by Charles

If my humble cipherin' skills are correct, 1 trillion dollars would put 10 million people to work for one year at a salary of 100K ea.

Now I'll not ask where the stimulus money went, but does anyone besides me think it could have been better spent?

Chas

Yep. The problem with the stimulus package is where it originated (in Congress). It became nothing but a huge trough of cash for the pork fanciers there. It was probably (perhaps even certainly) better than doing nothing in these tough times, but it could have been done a lot more strategically/intelligently methinks.

[BlueStreak]

Originally Posted by finnbow

Yep. The problem with the stimulus package is where it originated (in Congress). It became nothing but a huge trough of cash for the pork fanciers there. It was probably (perhaps even certainly) better than doing nothing in these tough times, but it could have been done a lot more strategically/intelligently methinks.

+1.

Dave

[piece-itpete]

1 tril in chinese borrowings for porkmiesters was better than not borrowing it?

Pete

[CarlV]

Originally Posted by Charles

If my humble cipherin' skills are correct, 1 trillion dollars would put 10 million people to work for one year at a salary of 100K ea.

Now I'll not ask where the stimulus money went, but does anyone besides me think it could have been better spent?

Chas

Um, give it to a bunch of people that don't need it so they can put it in their offshore bank accounts maybe?

[BlueStreak]

Originally Posted by CarlV

Um, give it to a bunch of people that don't need it so they can put it in their offshore bank accounts maybe?

Yeah, you got it. Just like the tax cuts we give them to ease the cost of moving their businesses overseas. 'Bout time you figgered it out, Carl.

Dave

[piece-itpete]

I believe it was the gentle Mort on McLaughlin who pointed out the extending the Bush tax cuts is going to add about 1% to growth this year, more than stimulus, C4C, etc put together.

Pete

[finnbow]

Originally Posted by piece-itpete

I believe it was the gentle Mort on McLaughlin who pointed out the extending the Bush tax cuts is going to add about 1% to growth this year, more than stimulus, C4C, etc put together.

Pete

Yeh, but from what I've read, the contribution to growth from the incomes above $250K is miniscule.

[d-ray657]

Originally Posted by finnbow

Yeh, but from what I've read, the contribution to growth from the incomes above $250K is miniscule.

There was very little question that the extension of the tax cuts for 98% of the taxpayers was going to occur. I don't know how tax "relief" for a group sitting on trillions is going to put much more money into circulation.

Regards,

D-Ray

[CarlV]

I like the part where all this money to make the billionaire's rich we have to borrow from people like the Chinese.
Can we as a country at least deduct the interest?