Stimulus jobs certainly do exist

[dalakhani]

Originally Posted by randallscott35

Kicking the can down the road is not a savior. You take the medicine now or later. And later is worse.

Perhaps buying more time can allow you to fix some immediate problems. Something needed to be done. The stock market was at 6500 and heading south. The economy was in freefall.

I'm not going to sit here and say that the stimulus "worked" and the economy is suddenly "better". What I will say is that something had to be done pretty fast and doing nothing at the time would have made the situation dire. People, namely investors, needed to know that the US government wasnt going to stand by and let the system break down.

This stimulus wasnt nearly about gettting and spending money. It was about restoring some confidence.

[SOREHOOF]

Originally Posted by dalakhani

Perhaps buying more time can allow you to fix some immediate problems. Something needed to be done. The stock market was at 6500 and heading south. The economy was in freefall.

I'm not going to sit here and say that the stimulus "worked" and the economy is suddenly "better". What I will say is that something had to be done pretty fast and doing nothing at the time would have made the situation dire. People, namely investors, needed to know that the US government wasnt going to stand by and let the system break down.

This stimulus wasnt nearly about gettting and spending money. It was about restoring some confidence.

Don't confuse Stimulus (American Recovery Act) with the TARP bailouts. TARP may have been a necessary evil (that I was totally against) the stimulus was a spending binge.

[randallscott35]

Originally Posted by SOREHOOF

Don't confuse Stimulus (American Recovery Act) with the TARP bailouts. TARP may have been a necessary evil (that I was totally against) the stimulus was a spending binge.

Necessary according to who?

[SOREHOOF]

According to the companies who took bad risks knowing they would get a Govt. bailout if they lost their @ss.

[randallscott35]

Originally Posted by SOREHOOF

According to the companies who took bad risks knowing they would get a Govt. bailout if they lost their @ss.

So then it wasn't necessary.

[SOREHOOF]

Originally Posted by randallscott35

So then it wasn't necessary.

Not to me. GM and Chrysler should have been allowed to go bankrupt along with the others on Wall Street. Maybe then they would be more cautious with other people's money. If elections have consequences then maybe bad investments should too.

[dellinger63]

Hey but it's 30 some jobs. LMAO

http://www.youtube.com/watch?v=LC211h9AY-4

[dalakhani]

Originally Posted by SOREHOOF

Don't confuse Stimulus (American Recovery Act) with the TARP bailouts. TARP may have been a necessary evil (that I was totally against) the stimulus was a spending binge.

Im not confusing the two. Tarp came in fall/winter 2008. Dow hit 6500 late winter/early march 2009. Stimulus helped take the market out of freefall. It didnt change the "economy" but surely you would agree that it changed the markets.

[Cannon Shell]

Originally Posted by dalakhani

Im not confusing the two. Tarp came in fall/winter 2008. Dow hit 6500 late winter/early march 2009. Stimulus helped take the market out of freefall. It didnt change the "economy" but surely you would agree that it changed the markets.

The problem that I had with the stimulus is that such a huge portion of the money went to non stimulus area's. My argument was that if more of the money was properly "invested" into the economy in different ways, private enterprise would expand, spurring economic recovery while creating real jobs. Instead we got a huge expansion of unsustainable (without future stimulus spending) social programs and temporary fixes. The jobs that were lauded while starting this fine thread are basically just temporary govt handouts. Liberals will say that it is better than leaving those people unemployed for the next year in its defense. But that is taking the low road as well because the jobs are not sustainable jobs for the most part, they are just a patch. So the money spent makes you feel better today but down the road when the bill comes you are gonna feel like the money wasnt well spent or worse just plain wasted.

[Riot]

The problem that I had with the stimulus is that such a huge portion of the money went to non stimulus area's.
Instead we got a huge expansion of unsustainable (without future stimulus spending) social programs and temporary fixes.

Really? Do provide some detail that supports the above. What programs? What percentage of monies?

[Cannon Shell]

Originally Posted by Riot

Really? Do provide some detail that supports the above. What programs? What percentage of monies?

Do you have any idea of what was included?

http://www.propublica.org/special/th...st-of-spending

[Riot]

Do you have any idea of what was included?

Sure do. That's why I asked you to explain why you think,

... such a huge portion of the money went to non stimulus area's.
Instead we got a huge expansion of unsustainable (without future stimulus spending) social programs and temporary fixes.

Still waiting.