[Vision2020] The economy is falling! The economy is falling!

[lfalen]

This is a big government stimulus, not a economic stimulus. The infrastructure  part is probably ok, even it it does not produce immediate results. As you have point out a lot of what is in there is pure pork or designed to increase the size of government. I see no reason include these  in this bill. I am a member of the Smithsonian, but do do think this is the time or place to give them a handout. I would hope that there are enough blue dog democrats who will side with the republicans to get some of these thing out of the bill. Tom Harkin and John Dingall may als be persuaded to do do.
Roger
-----Original message-----
From: Glenn Schwaller vpschwaller at gmail.com
Date: Sat, 31 Jan 2009 14:20:57 -0800
To: vision2020 at moscow.com
Subject: Re: [Vision2020] The economy is falling! The economy is falling!

> Yes Donovan, much much worse is yet to come.  Let's take a quick look at the
> "stimulus" package (spending package).  This has been promised to be a rapid
> and substantial shot in the arm for our economy.  Really?  According to the
> Congressional Budget Office around 25 billion of the 825 billion earmarked
> will be spent in 2009 - call it 3%.  By 2010 another 110 billion will be
> spent.  Let's see, 2 years into BHO's reign and a only a little over 15% has
> been spent.  Where is Obama's quick turnaround??
> 
> Worse yet, where is this money going?  "A stimulus package to bring new jobs
> and infrastructure"  OK - building new highways, fixing old ones, bridges,
> etc - 30 billion, not even 4%.  New green jobs?  Alternative energies?  A
> mere 20 billion - and only 2 billion of that released by 2011.
> 
> And jobs?  Well there is around 2 billion for child care subsidies (no new
> jobs here - just $$ to pay for child care - presumably for those fortunate
> enough to have a job), over a billion for Amtrack - a real money- and
> job-maker, 2.5 billion for "carbon capture demonstration projects" (WTF??)
> but maybe some jobs for someone there . . .  And 650 million for digital
> television converter coupons - get em while they're hot.
> 
> Over $225 billion is earmarked for spending by the government!!  Over 150
> different federal agencies and programs are getting over 25% of this
> "stimulus" money - and this is for buying "stuff" - hybrid vehicles for
> gummnt use (what is it?  You need to drive somewhere around 300,000 miles
> before you see any savings?) communication and internet upgrades, new
> computers, office furniture - where are the new jobs here??
> 
> And nobody has bothered to point out this "stimulus" is going to cost an
> additional 350 billion in interest.
> 
> And all of this is being run buy Mr Fiscal Responsibility himself, Timothy
> Geithner.  Yeah, the guy behind TARP and it's loss of over $60 billion so
> far.
> 
> So yes Donovan, much worse is to come.  And most of that will be fueled by
> the Feds running the presses night and day flooding our economy with
> increasingly worthless $$.  Stock up on bread now before it's $100 a loaf.
> 
> Have a good day
> 
> GS
> 
> On Fri, Jan 30, 2009 at 10:59 AM, Donovan Arnold <
> donovanjarnold2005 at yahoo.com> wrote:
> 
> > Ouch! 5.1% this quarter, 3..8% last quarter. Is the worst still to come?
> >
> > That seems like a huge drop in the number of jobs, and GDP for just one
> > quarter.
> >
> > I think we are going to be in a depression unless this slows and stops in
> > the next few months.
> >
> > http://news.yahoo.com/s/ap/20090130/ap_on_bi_go_ec_fi/economy
> >
> > Hang onto your wallets!
> >
> > Best Regards,
> >
> > Donovan
> >
> >
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