Stimulus Pate' Ole'!

Discussion in 'Economy' started by mascale, Apr 7, 2010.

  1. mascale

    mascale VIP Member

    Feb 22, 2009
    Thanks Received:
    Trophy Points:
    Billions won't recall that one year ago, the Tea Party was complaining that the Obama-Biden, Democratic Stimulus plan had been force fed, "Down Our Throats!" Livers were given all kinds of reasons to bloat--even from Napa, Sonoma, and Mendocino!

    Now the advance warning is that the Main Street recession is over!

    Consumer indicators show recession over, recovery underway - Apr. 7, 2010

    Pent-Up Demand has apparently replaced that vague feeling of Loose Shoes and a Warm Place to. . . .But we digress. That was then!

    As if the record Hollywood 2009 box office ticket sales weren't enough, and the commencing increases of job creation in the Bureau of Labor Statistics starting in December, and the consistent increase of Temp Help employment since September: Then now even personal saving is at the mercy of personal spending.

    Oddly enough, the Stimulus really would be said to have worked better than was even advertised, if not sold very well. The unemployment rate actually hit double digits for only one month. The original "Reagan Trajectory" had actually been far more spectacular, if mainly confined to lethal youth gang violence. What exec in Hollywood has dreams of streaming tinsel over some poor slob, blowing up his foot, on Christmas Eve, in a plane?

    The consumer noticed first, that mostly the downturn was in fact a GOP management scam. The poor had been unable to repay the mortgages, the rich houses all came tumbling down. Banks froze up. Effectively without doing much business at all, they repaid TARP monies in the hundreds of billions of dollars, and with interest, in less than 18 months.

    Consumers were not asleep, to this!

    No one will so-state, and the schools won't allow it to even be mentioned. and the districts and universities will all go back to fixed percentage pay boosts. The COLA will continue at UC, and in the Social Security Act. City of Los Angeles may take a 40% pay cut for a month or two--A problem worth solving is first being noticed in Los Angeles. Maybe then the cut back could benefit from an equal dollar raise amount as much as $200.00 per month, or even more!

    In America, that would actually put them at "Chump Change" level of life, where they belong. They get thousands of dollars, still every year, and get the mortgages adjusted, or flip some houses.

    Mostly, anyone would probably suggest that they be returned to "Merit Pay(?)!"

    "Crow, James Crow: Shaken, Not Stirred!
    (Soon maybe big casinos have specials! Then they come to Casinos to play!)
    Last edited: Apr 7, 2010
  2. Neubarth

    Neubarth At the Ballpark July 30th

    Nov 8, 2008
    Thanks Received:
    Trophy Points:
    South Pacific
    As you know, it does not matter how you repay the TARP monies, as long as you can create the appearance of repayment. Who cares if you are borrowing money from the FED at zero percent interest and then buying Treasury notes with that free money. It sure beats risking investor money on real estate loans that are highly speculative.

Share This Page