Skip to comments.$21,250 in stimulus each month per person until 4 million go back to work
Posted on 09/13/2012 10:33:33 PM PDT by ExxonPatrolUs
Link to Bernanke's announcement today
For the 150 million people in the workforce, that's $567 dollars per person per month.
For the 75 million people who pay income taxes to the Federal Government, that's $1,133 per person per month.
For the 23 million people looking for full-time employment, that's $3,696 dollars per person month.
For the 4 million people the administration says are looking for work, that's. $21,250 dollars per person per month.
The bureau of labor statistics says there are currently 3.7 million job openings.
Obama's economic team had projected that 4 million more people would be working today because of the first stimulus.
What's wrong with this picture?
$40 billion of the new monthly stimulus will involve the Fed purchasing more mortgage backed securities.
In March of 2010 the Fed owned $1.25 trillion in mortgage backed securities.
At that time about 10% of all US mortgaged backed securities were on the Fed's balance sheet.
Projecting forward the Fed's balance sheet including mortgage backed securities and other forms of "assets" will be about $4 trillion by the end of 2013.
What's the difference between a financial institution owning mortgaged backed securities and the Fed owning them? Who's to say what your house is really worth?
Fox suggests that without the 24 hours of trading activity following each stimulus bump, the S&P index would be less than half its value today.
CBS News shows the bumps in the S&P after each stimulus is annonced
Is this all about creating jobs or keeping the top 1% wealthy?
then who is filling the 3.7 million jobs
It's about the crooked government helping the bank robbers get away with more loot.
All about propping up a failed President.
For the 4 million people the administration says are looking for work, that’s. $21,250 dollars per person per month.
Obviously, the unemployed aren’t getting this money. Who is? This is nothing more than theft. We need to go back to public hangings.
Do you have bread today?