Historical Economic Grace Period?

saden1 · 02-06-2009, 01:14 PM

No Rush:

Quote:

Employers slashed another 598,000 jobs off of U.S. payrolls in January, taking the unemployment rate up to 7.6%, according to the latest government reading on the nation's battered labor market.

The latest job loss is the worst since December 1974, and brings job losses to 1.8 million in just the last three months. It is worse than the forecast of a loss of 540,000 jobs from economists surveyed by Briefing.com

The rise in the unemployment rate was worse than the 7.5% rate economists expected. The unemployment rate is now at its highest level since September, 1992.

firstdown · 02-06-2009, 01:19 PM

Quote:

Originally Posted by saden1

No Rush:

Yea but a poor bill thats just rushed through so congress can say they did something will not stop that trend. Thats why I say they should not try to rush this through.

Trample the Elderly · 02-06-2009, 01:38 PM

Quote:

Originally Posted by saden1

No Rush:

I'm not going to live in fear that the sky will fall. They'll pass that stinking bill one way or the other. Have you heard about all of the things that are in it? It is the biggest porker since that lady who got stuck on the toilet.

firstdown · 02-06-2009, 02:44 PM

Quote:

Originally Posted by Trample the Elderly

I'm not going to live in fear that the sky will fall. They'll pass that stinking bill one way or the other. Have you heard about all of the things that are in it? It is the biggest porker since that lady who got stuck on the toilet.

Her are a few porkers:
Pork Spending: Digital TV Coupons ($650 Million), Gov’t Cars ($600 Million), Nat’l Endowment for the Arts ($50 Million), Repairs to National Mall ($200 Million, including $21m for sod).

CRedskinsRule · 02-06-2009, 03:04 PM

Quote:

Originally Posted by firstdown

Her are a few porkers:
Pork Spending: Digital TV Coupons ($650 Million), Gov’t Cars ($600 Million), Nat’l Endowment for the Arts ($50 Million), Repairs to National Mall ($200 Million, including $21m for sod).

At least the grass will be greener!!!

firstdown · 02-06-2009, 03:10 PM

Quote:

Originally Posted by CRedskinsRule

At least the grass will be greener!!!

For 21 million it should never need water and cuts itself.

saden1 · 02-06-2009, 03:47 PM

Quote:

Originally Posted by firstdown

Her are a few porkers:
Pork Spending: Digital TV Coupons ($650 Million), Gov’t Cars ($600 Million), Nat’l Endowment for the Arts ($50 Million), Repairs to National Mall ($200 Million, including $21m for sod).

In a time of recession the government buying fuel efficient cars which save the government money in the long run from ailing car companies receiving bailout funds is a good thing. Two birds with one stone! Big revelation, are you ready for it? 66% of the stimulus bill is pork!

Is it just me or is economics really counter intuitive?

firstdown · 02-06-2009, 04:10 PM

Quote:

Originally Posted by saden1

In a time of recession the government buying fuel efficient cars which save the government money in the long run from ailing car companies receiving bailout funds is a good thing. Two birds with one stone! Big revelation, are you ready for it? 66% of the stimulus bill is pork!

Is it just me or is economics really counter intuitive?

That I might buy if its done on like replace the older cars first and do it as needed instead of all at once. Hey, Saden have a good weekend.

saden1 · 02-06-2009, 01:59 PM

I'll let the president speak for himself.

dmek25 · 02-06-2009, 07:28 PM

Tentative deal reached on stimulus
i guess this is where it starts?

firstdown · 02-09-2009, 05:18 PM

Quote:

Originally Posted by dmek25

Tentative deal reached on stimulus
i guess this is where it starts?

Yea starts to go wrong. I hope its me who is totaly wrong on this but I just don't see this doing that much good.

saden1 · 02-09-2009, 07:58 PM

Quote:

Originally Posted by firstdown

Yea starts to go wrong. I hope its me who is totaly wrong on this but I just don't see this doing that much good.

If you're going to go with that statement then I'm going to go with "I don't see it doing much bad compared to doing nothing....so we do something."

firstdown · 02-09-2009, 10:43 PM

Quote:

Originally Posted by saden1

If you're going to go with that statement then I'm going to go with "I don't see it doing much bad compared to doing nothing....so we do something."

Well if it fails then it is failing to the tune of around 850 billion so it can do bad. I'm not saying do nothing I just don't think you sit down and decide to spend that kind of money with a bill they are rushing through. Obama even said tonight this is just the first step so how much money is this going to cost and what are the other steps.

saden1 · 02-09-2009, 11:22 PM

Quote:

Originally Posted by firstdown

Well if it fails then it is failing to the tune of around 850 billion so it can do bad. I'm not saying do nothing I just don't think you sit down and decide to spend that kind of money with a bill they are rushing through. Obama even said tonight this is just the first step so how much money is this going to cost and what are the other steps.

This is real bad and most estimates put the final bill at 2 trillion to get out of this mess. The problem isn't what's the rush but how to best fix the economy. I mean honestly, since when did the GOP give a shit about what the rush is? Certainly not when Bush was the president -- I hope you're with me at least on this point. I don't mind an intellectually and factually based objections but objection in favor of 100% tax cut is completely irresponsible. I find the whole "let them go out of business" mentality and the games being played disturbing. It is unbecoming.

If we do nothing we will bleed to death as indicated by this graph. If we lose more jobs it means we have less people paying taxes, more people seeking unemployment and free food, less people buy stuff, companies have less revenue....rinse and repeat.

firstdown · 02-10-2009, 10:48 AM

First off the GOP plan was not just tax cuts as explained here on CNN. Second if you look at the first phase of spending in this bill it more about big goverment then creating jobs. Just a small % goes to roads and building stuff. I would go into more detail but I'm pretty busy at work right now. Hey, maybe his plan is already working.

Her is some of the spending and education will not stimulate the ecomomy and thing like that should have their own bill and not part of a stimulas bill.

Much of the $550 billion in spending is divided among these areas: $142 billion for education, $111 billion for health care, $90 billion for infrastructure, $72 billion for aid and benefits, $54 billion for energy, $16 billion for science and technology and $13 billion for housing.
GOP senators draft stimulus alternative - CNN.com

02-06-2009, 01:59 PM	#9
saden1 MVP Join Date: Feb 2004 Location: Seattle Age: 46 Posts: 10,069	Re: Historical Economic Grace Period? I'll let the president speak for himself. __________________ "The Redskins have always suffered from chronic organizational deformities under Snyder." -Jenkins

02-06-2009, 07:28 PM	#10
dmek25 MVP Join Date: Oct 2005 Location: lancaster,pa Age: 64 Posts: 10,672	Re: Historical Economic Grace Period? Tentative deal reached on stimulus i guess this is where it starts? __________________ "It's better to be quiet and thought a fool than to open ones mouth and remove all doubt." courtesy of 53fan

02-10-2009, 10:48 AM	#15
firstdown Living Legend Join Date: Oct 2004 Location: chesapeake, va Age: 62 Posts: 15,817	Re: Historical Economic Grace Period? First off the GOP plan was not just tax cuts as explained here on CNN. Second if you look at the first phase of spending in this bill it more about big goverment then creating jobs. Just a small % goes to roads and building stuff. I would go into more detail but I'm pretty busy at work right now. Hey, maybe his plan is already working. Her is some of the spending and education will not stimulate the ecomomy and thing like that should have their own bill and not part of a stimulas bill. Much of the $550 billion in spending is divided among these areas: $142 billion for education, $111 billion for health care, $90 billion for infrastructure, $72 billion for aid and benefits, $54 billion for energy, $16 billion for science and technology and $13 billion for housing. GOP senators draft stimulus alternative - CNN.com

Historical Economic Grace Period?

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