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Where's the stimulus?
wrote in message ... On Fri, 18 Feb 2011 16:26:53 -0700, Canuck57 wrote: On 17/02/2011 12:47 PM, wrote: On Thu, 17 Feb 2011 10:35:40 -0800 (PST), Frogwatch wrote: Very few Americans have seen any of that trillion dollars in stimulus money cuz most went to Obama cronies. I have been talking to two very large european companies this week who say the got a large amount of stimulus money. I just though people would like to know who got it. As usual, you're full of it. Not really, have you seen any of the $4 trillion Obama-debt is flowing? Who knows, maybe Ashley Turton and John Wheeler knew. No one else knows where it is all going. Because you would think the 100M workers would notice $40K/per and that is just the debt part. You really need to get some meds or something. You're just ranting and honestly it's very unattractive. The State I reside in (MA) received just under $8B of the federal stimulus package. The bulk of the money was spent on: 1. Extension of initial unemployment benefits to 46 weeks. 2. Increase in the maximum unemployment benefit payouts by $25/week. 3. Subsidizing of 67 percent of Cobra Health Insurance costs by the unemployed. 4. $400 tax credit to anyone with a job for the year (if you make under $95k/year). 5. One time $250 Social Security payment bonus for non-workers. You can argue that the $8B was spent wisely and for good reasons but I don't think it can really be called "Stimulus" money. It hasn't stimulated a thing in terms of creating jobs. All it did was to make the current economic conditions a tiny bit more tolerable by those affected for a limited period of time. The money is now gone and there's no more coming. “Give a man a fish, and he will eat for a day. Teach a man to fish and he will eat for a lifetime.” (Chinese Proverb boating content) Eisboch |
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