The 787 Billion Dollar Question!Posted Wednesday, July 8, 2009, at 8:08 AM
Where is the 787 billion dollar stimulus? What happened to all that money targeted to save jobs and get the economy moving up? Has the plan worked? You decide!
The Obama people promised that if we passed this bill, it would create 3-4 million jobs. HA! What did we get instead? July 2 was the worst numbers yet with 467,000 job losses at 9.5% unemployment (that we know about because not all unemplyed people are counted). And it is expected to go even higher! Promises, promises, and more promises abound as they keep spending money we don't have. Worse even, there is talk af another stimulus plus the climate change-energy bill and a fat healthcare reform bill. Yes, the American people know that this scenerio doesn't work. Even a child would question the idea. Dad comes home from work, beaten and frightened to tell his family, "Look, this is real bad. Our financial situation is almost bankrupt. Matter-of-fact, we are dead broke! But I have a plan. Let's jump in the car and go to Wally-World. We're gonna spend like crazy and use up all our credit on every card and then when that is gone, we will take every cent that we can get from every Pay-day loan center and spend some more. That will stimulate every business we spend money at. Surely, that will get the economy going, causing a ripple effect that will get our money back! Come on, let's go!" The littlest child would look at his father and say, "But Daddy, if we don't have the money, then how could we spend it?" And the next child would say, "But Daddy, I thought that you taught us to always save 10%, give 5% to charity and then pay all our bills before we can go to Wally-World." And of course, Mom would laugh hysterically and then tell her husband to put the carkeys down! "Go to your room and take a bubble bath while I fix dinner. Nobody is going anywhere tonight!" (time 7:07am) Comments Showing comments in chronological order [Show most recent comments first] |
I've lived in Mtn Home for over 20 years. I love my city and my country. Since I am a writer, my decision to blog here seemed appropriate. I enjoy acting so I've been blessed with the opportunity to work on some independent films and with Prairie Dog Productions and Bogus Creek Ranch. I hope that something I have to write about has some value for others or just amuses someone.
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Ah yes....where IS that 787? And it's only the beginning.
You know,if the Internal Robbing Service thought YOU owed THEM a hundred bucks. they'd be all over you like "ugly on an ape!"
Oh...............Kim..............the scenario at Wally-World?.................simple, ya just fill your cart with whatever you want, then just give them an "I.O.U."...........like they're doing out in California!
Is it my imagination, or is it strangely getting harder and harder to find people who VOTED for all this...............or at least ADMIT to it?
Yes, where are all of those jobs? Where is all of the credit that should be "easy" to get (oh yeah, it goes to the people to buy homes who cannot afford to do so from a "budget" or economic standpoint). It is going to HUGE first time home buyer tax credits (once again for people who cannot afford to even buy a house). It went to the banks so they could raise interest rates to that of default rates but they say they are "normal" and just a sign of the times. And how about appropriations! Our local proposed recreation center is attempting to ride those coat tails (for several years now truth be known). That is where all of this money has gone. Like a kid in a candy shop with $20 bucks!
Yep, change I can believe in for sure. Oh, and where is Obama these days? All over the world fixing things in Russia, etc. News flash...we are BROKE here and charity begins at home...where that is for Obama nobody knows for sure. Great blog Kim and good comments Mike as always.
It does take months for any economic event to filter down to the public sector. Politicians always shorten the time horizons. That being said, 3-4 million jobs is a pipe dream. What kind of pipe....... (j/k).
We do not need easy credit. Credit led to the current crisis. We need to work on producing assets instead of borrowing. Overly optimistic estimates are fine for the Jerry Lewis telethon but when the quality of life is at stake, I think some realism would be nice.
The states haven't started paying out the money to begin the work programs. Bids are still coming in for the many projects that will help create jobs. I read it in the Idaho statesman or one of those newspapers, a couple of days ago.
And as for the bail out money, you all know that the majority of it was wasted on bonuses instead of what it was meant for.
Homework, homework, homework,.....
Yes, most know that a project of any size takes time to implement. Politicians/Lawyers/Public Service officials take an hour to address the question of what overpriced corporate lunch cafe they are going to eat at let alone something of importance. I have no hard evidence but I would say that the end result is not worth 787 billion or more. I do not know if McCain or whoever would have done it differently but lets hope someone in the future can cease the borrowing. Playing hero at the expense of the future is not my idea of wise decision making. Overall, the money was bound to shrink by the time it reached the public as there are many Democrats who need to play hero as well.
What I mean by play hero is have this money go to their state or whatever cause so that they can get on TV and brag about how even in tough times they were able to benefit their constituents. The expletive is thick and piling up. Hey, wait we will create jobs by hiring people to shovel the enormous mounds that are forming in DC and have it shipped elsewhere. Bad joke but someone has to poke fun at it.
What I still want to know is: At what point does the economy belong to Obama & his gang of thieves?
Ok...........he "Inherited" a trillion dollar debt. They dwell on it almost daily.....and rightfully CAN. No argument there.
But considering what all these un-read packages have created SINCE..........which is now SEVERAL times what they "inherited"............
............and keeping in MIND that they control all the votes to do what they want, and HAVE since January 20th..............
At WHAT POINT do they take responsibility for what's going on RIGHT NOW?
Say what you will about the Republicans, but a year ago, unemployment wasn't standing on the door of two-digit figures. The government didn't OWN car companies, bamks, student loan programs, and shoving socialism down our throats for health care nobody in their right mind wants.
Returning Veterans weren't being asked to pay for their own health care..................and it doesn't matter that Obama retracte it.........he shouldn't have even considered something like that to begin with.................maybe the NEXT time the politicians want to get us involved in somebody else's war..........we send THEM instead!
A year ago, we didn't have a president flying around the world bowing and apologizing. North Korea wasn't launching missiles in our face, (because they KNOW Obama's another Carter and too weak to do anything about it. Iran's starting up again, and I'm real curious about the "pea under the shell" game the Russians are probably working right under his nose, even as we speak.
A year ago, the government wasn't pushing itself into every facet of our lives, as they're looking to do now with this new upcoming 28-page census form, which seeks to FINE you and I up to $5,000 if we don't tell them everything they think they need to know..........and this is something you can check for YOURSELF. I don't remember the website. but all you have to do is punch-in something like "2010 28-page intrusive survey", or something like that.............you'll see it, page by page.
When you DO..........you Obama supporters out there ask yourselves, "How bad do we REALLY need the government to run things for us?"
Check it out. They didn't inhereit THIS from Bush.