This country is going to pot....
bttt
Well, he had the shovel ready jobs all lined up. But the union palms he paid off with the loot stolen from our treasury had no interest in picking up the shovels unless to be used as leaning posts.
look, the money went into the hands of bama the boys friends.....isn’t that what was intended?.....
Shortly after the stimulus was passed we visited the Grand Canyon. A major construction project was well in progress, with fresh new large gov’t signs attributing the project to the Stimulus. Looks like the first money spent under Porkulus was for self-congratulatory government signs.
I know that I was working for a public employee union at the time and all it did was prevent a few layoffs and mostly keep funding their pension and healthcare benefits that most people never get. Of course, they advertized it as saving the kids from massive teacher layoffs and saving the public from massive fires and crime from having no police. All BS.
The best stimulus would be a privately funded pipeline from Alberta to Texas that would put thousands to work directly, and tens of thousands more to work indirectly. It would pump instantly hundreds of millions into the economy in wages, materials, machinery, and the money would be spread all around the country where ever equipment is being procured.
Not to mention the royalties paid to local tax bases and landowners all along the line.
It would be an instant punch delivered in a short time at no cost to the public treasury.
Our prisons should be full. Building and selling gallows should be a cottage industry all over the country.
A bonfire of $1 trillion would have been faster and more effective.
Imagine how disgusted I was when the I learned that the project around a corp of engineers dam called Cold Brook was an access road.
The new road had two gates and a obama recovery emblem on them.
The dam already had an access road
“Romer’s plan differed strongly from Bush’s in one key respect: scale.”
No, it differed from Bush’s plan in that it spent money that the government did not have. The tax break meant the people kept more of their own money. Obama’s plan demands that he takes money from one person to give it to another.
bump
Yes, it must be very difficult to forecast an economic multiplier for such an illicit $800 billion pork package.
Now, remember that this bill received no scrutiny by anyone, that’s NO-ONE on the floor of either the House or Senate, and the paper monstrosity was written up in a few weeks, full of the toilet paper written loser programs that the left had on the shelf for years.
The economic multiplier effect for investing in basic DARPA research projects, like the internet, lasers semi-conductors, are totally different than the type of garbage grants; like to “determine whether a chimpanzee feels pleasure whilst diddling a female.”
Then on top of this crap research, Pelosi/Zer0 wanted to pick winners in green technologies, where venture capitalists were already roaming with their risk, without all the secret cash laden envelopes encircling the politically connected.
Of $800 billion, Zer0 probably wasted $700 billion, with the balance of the reported losses to be attributed either to Bush, or the next administration, (unless it’s Hitlery!)
It didn’t go to waste. It went to their favorite contributors and supporters. Substantial portions went back to Congresscritters as contributions and kickbacks.
bump
You fail to grasp what was done. The stimulous and every thing the Obama administration has done is theft. Money has been taken from the treasury on a grand scale and funneled to politically favored operatives.
The corruption is on such a grand scale it can not be grasped.
The thinking must begin with the concept that the Democrat party is a criminal enterprise.
When it comes to corruption, Hamid Karzi is a piker compared to Barack Obama