On 20/02/2010 11:08 PM, bpuharic wrote:
On Sat, 20 Feb 2010 21:53:23 -0800, "CalifBill"
wrote:


wrote in message
...
wrote in message


Nope... only one aspect of the Stim was to help the employment situation.
Your diatribe is a made-up, right wing talking point.

Tarp was a combined effort at the very end of Bush and the very beginning
of Obama.

The jobs number saved/created is about right... between 800K and 2.5M. Not
enough, but in the right direction.

--
Nom=de=Plume


What 800k to 2.5M real jobs? Did tax revenues increase from employment?

opportunity cost: we don't have to pay unemployment; people retain
skills; they have health insurance, they don't default on their
mortgages, credit card bills, etc

Unemployment costs are chicken **** in the big picture.

For $2 trillion/year in debt that is about 40,000,000 jobs at $50,000 a
year. We sure did not see that bank for the buck. Not even close.

What really happened is years of bad mortgage and loan defaults were on
the banks book, they just transfered it to the taxpayers. That does not
create jobs. OK, maybe a few civil servant lawyer types, but that was it.

and taxes have decreased because BUSH cut taxes in spite of the fact
it's destroyed the economy

but he's rich. he's white. so you'll say nothing about him

Taxes have decreased because unemployed people don't pay income taxes.

What destroyed the economy is congressional mishandling of money and
debt management. The signs were there in 2006 and 2007, but congress
chose to ignore the issues. Basically encouraged it to happen, as no
other explanation exists.

Congress got there notice, but like a delinquent debtor chose to
blatently ignore it. Congress failed to tighten credit when it should
have. Congress should have made tighter budgets but did not as it was
unpopular with liberal spending habits.

To make maters worse, in Sept 2008 the US governmetn was in technical
default as they could no longer borrow to cover spending. With Obama
winning and the realization of government money creation going nuts, the
market crashed.

And today, still no progress on the issues that got us here.