airdvr 210 #1 November 13, 2010 Maybe I'm missing something. According to the Recovery.gov website http://www.recovery.gov/Pages/default.aspx There has been roughly 105 Billion dollars has been spent to date and we've created or saved a little over 671,000 jobs. What a bargain this is turning out to be.Please don't dent the planet. Destinations by Roxanne Quote Share this post Link to post Share on other sites
Andy9o8 2 #2 November 13, 2010 QuoteWhere's my $156,467.00? Oh - you have to set up a special PayPal account. I got mine. Quote Share this post Link to post Share on other sites
skyrider 0 #3 November 13, 2010 QuoteMaybe I'm missing something. According to the Recovery.gov website http://www.recovery.gov/Pages/default.aspx There has been roughly 105 Billion dollars has been spent to date and we've created or saved a little over 671,000 jobs. What a bargain this is turning out to be. tell all the people laid off, that their jobs were saved...I'd love to see that real number... Quote Share this post Link to post Share on other sites
idrankwhat 0 #4 November 13, 2010 Where's your $156K? Same place as mine. Our checks were cashed and thrown out of the back of a truck in Iraq. Happened a few years ago but we're still paying the interest. Quote Share this post Link to post Share on other sites
Andy9o8 2 #5 November 13, 2010 QuoteWhere's your $156K? Same place as mine. Our checks were cashed and thrown out of the back of a truck in Iraq. Happened a few years ago but we're still paying the interest. Ding! Quote Share this post Link to post Share on other sites
turtlespeed 226 #6 November 14, 2010 Quote Quote Where's your $156K? Same place as mine. Our checks were cashed and thrown out of the back of a truck in Iraq. Happened a few years ago but we're still paying the interest. Ding! I believe ytou meant - BZZZZZT . . . Ask Maddoff, Fannie Mae, and Freddie Mack.I'm not usually into the whole 3-way thing, but you got me a little excited with that. - Skymama BTR #1 / OTB^5 Official #2 / Hellfish #408 / VSCR #108/Tortuga/Orfun Quote Share this post Link to post Share on other sites
airdvr 210 #7 November 14, 2010 Well I'm thinking anyone with half a brain can see what a clusterfuck this program has become.Please don't dent the planet. Destinations by Roxanne Quote Share this post Link to post Share on other sites
wolfriverjoe 1,523 #8 November 14, 2010 QuoteWell I'm thinking anyone with half a brain can see what a clusterfuck this program has become. Thus explaining why congress thinks it's such a good idea."There are NO situations which do not call for a French Maid outfit." Lucky McSwervy "~ya don't GET old by being weak & stupid!" - Airtwardo Quote Share this post Link to post Share on other sites
winsor 236 #9 November 14, 2010 QuoteWell I'm thinking anyone with half a brain can see what a clusterfuck this program has become. "Become?" From the first sentence addressing the program it was glaringly apparent that the authors would have to study hard to rise to the level of "clueless." Jack Paar once did a piece where he visited an inventor, in Nairobi IIRC, who was building an "airplane" in an outbuilding, intending to produce the first indigenous African aircraft. Though Paar was just being mean, and the assemblage of lawn-mower motor, corrugated metal and assorted junk made anything put to use by Fred and Barney look like the pinnacle of sophistication, this guy's attempt at an airplane was orders of magnitude more focused and coherent than the attempts by Washington to address our economic woes. To continue the aviation analogy, J. M. Keynes did to economics what an intrepid French pilot did for aviation. In the early days of aviation, a spin was viewed as necessarily fatal. Finding himself in a spin, this pilot decided he would go out with style and pointed the nose down, not up. When this resulted in recovery he did it again, and thus was born "spin recovery." Keyneseans postulate that the way to get out of a downward spiral of the economy is to point the nose down by spending like crazy. Like aviation spin recovery, your results are dependent on the altitude at which you begin. If you go into a spin at 500 feet or you go into a recession $10 Trillion in debt, the results are about the same. The joke goes that, when asked if he wanted his pizza cut into 6 or 8 slices, the customer said "make it 8 - I'm really hungry." Printing more paper (or electronic) money works on the same principle. If you have orders of magnitude more "money" in circulation, it does not change the market itself; a "million dollar car" is not as impressive if all a $ million will get you is a Yugo. The bottom line is that the Keynesian approach CAN work when the problem is liquidity; it will NOT work if the problem is solvency. We elect our "leaders" primarily from the legal profession, and there is no math requirement to passing the Bar. If Attorneys were required to show an equivalent mastery of Mathemetics expected of an Engineering student at the end of Freshman year, perhaps 1% of the Attorneys out there would still be in business, and any that were crafting legislation would have SOME idea of what these numbers mean. Not bloody likely. BSBD, Winsor Quote Share this post Link to post Share on other sites
primetime 18 #10 November 14, 2010 +1.5 (adjusted for inflation) Keynesean economics = aircraft spin recovery. Genius. Quote Share this post Link to post Share on other sites
muff528 3 #11 November 14, 2010 Quote+1.5 (adjusted for inflation) Keynesean economics = aircraft spin recovery. Genius. Yeah! I like that analogy. But it's too late to point the nose down. Time to punch out ...I'm just not sure how that can be done just now! (politically and economically speaking) Quote Share this post Link to post Share on other sites
turtlespeed 226 #12 November 15, 2010 Quote Quote Well I'm thinking anyone with half a brain can see what a clusterfuck this program has become. Thus explaining why congress thinks it's such a good idea. You mean the Senate and former congress, right.I'm not usually into the whole 3-way thing, but you got me a little excited with that. - Skymama BTR #1 / OTB^5 Official #2 / Hellfish #408 / VSCR #108/Tortuga/Orfun Quote Share this post Link to post Share on other sites
Coreece 190 #13 November 15, 2010 Quote Where's my $156,467.00? Well...in the old days, half woulda been in Switerland, a quarter in the Caymans, and the rest woulda went for rent.Your secrets are the true reflection of who you really are... Quote Share this post Link to post Share on other sites
