Did this method actually help any? If so why isn't it done more instead of handing money to companies?
Yes, it put money into the people's hands who woull actually spend it. I think a lot of people put it towards debt reduction though. Corporations get more handouts because they put congress persons family members to work or the actual congress person get a high pay do nothing job like lobbying after they leave office. That public servant thing is long gone, the name of the game is self service.
Seems to me giving money to the public in some way would be more useful than continuing the path we are on.
They missed my hand(s).... but then again, I don't "owe" them a thing for missing me, including a vote, lol.
it sure did help avoid falling into a depression along with all the measures taken by the obama administration.
It helped the economy in the same way giving heroin to an addict helps the addict. Well, we don't have any withdrawal symptoms. However, we're always going to need more, as evidenced by Bernanke's QE3: more fake money. At some point we're going to have an overdose.
by Ralph Deeds 9 years ago
Paul Krugman's column in the NYTimes today 1-5-08 is entitled "Fighting Off Depression." In it he called the recent economic numbers "terrifying," not just in the U.S. but around the world. Manufacturing in particular is plunging everywhere; banks aren't lending; businesses and...
by qwark 7 years ago
A billion:A billion seconds ago it was 1959!A billion minutes ago jesus alledgedly lived!A billion hours ago our ancestors were living in the stone age!A billion days ago no one walked upon the earth on 2 feet!Now, consider 1000 times a billion: a trillion... and try to visualize our national...
by earnestshub 8 years ago
GM reckon that although they had a lousy year, the will be in profit this year and all the bailout money is to be paid back by June.There have been quite a few companies paying the bailout money back. Is this another positive indicator?
by jiberish 8 years ago
http://www.washingtonpost.com/wp-dyn/co … 01900.htmlIn this Washington Post article it says that two-thirds of the stimulus went toward tax cuts, fiscal aid to states, and expanded unemployment benefits and food stamps. The stimulus also went to the $3 billion in National Science Foundation...
by uncorrectedvision 6 years ago
It should be obvious to the objective that the programs pursued by Barack Obama have failed. Unemployment grinds on at over 9% , even as the ranks of the hard core unemployed, no longer counted in that figure, grow and the pool of jobs continues to contract.The infrastructure repairs and...
by Steven Dison 5 years ago
Should there be more cuts to budget in the short term, even with the threat of austerity looming?
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