On Sat, 19 Feb 2011 05:49:38 -0500, "Eisboch" wrote:



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.

That's certainly not true. Assuming your numbers are correct,
extending unemployment and all the other things you mention pump money
directly back into the economy and jobs are created or retained as a
result. This is really econ 101. Unemployment benefits are one of the
MOST stimulative things around.

FYI, http://arraprweb1.itd.state.ma.us/mapapp/money.html

“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)

Which has nothing to do with the situation...