| Feb 24 @ 6:21 PM |
The Stimulus Plan
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sealacamp
Posts: 3,681
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Understanding the Government Stimulus Bill
Shortly after class, an economics student approaches his economics professor and says, "I don't understand this stimulus bill. Can you explain it to me?"
The professor replied, "I don't have any time to explain it at my office, but if you come over to my house on Saturday and help me with my weekend project, I'll be glad to explain it to you."
The student agreed.
At the agreed-upon time, the student showed up at the professor's house. The professor stated that the weekend project involved his backyard pool.
They both went out back to the pool, and the professor handed the student a bucket. Demonstrating with his own bucket, the professor said, "First, go over to the deep end, and fill your bucket with as much water as you can.
The student did as he was instructed.
The professor then continued, "Follow me over to the shallow end, and then dump all the water from your bucket into it."
The student was naturally confused, but did as he was told.
The professor then explained they were going to do this many more times, and began walking back to the deep end of the pool.
The confused student asked, "Excuse me, but why are we doing this?"
The professor matter-of-factly stated that he was trying to make the shallow end much deeper.
The student didn't think the economics professor was serious, but figured that he would find out the real story soon enough.
However, after the 6th trip between the shallow end and the deep end, the student began to become worried that his economics professor had gone mad.
The student finally replied, "All we're doing is wasting valuable time and effort on unproductive pursuits. Even worse, when this process is all over, everything will be at the same level it was before, so all you'll really have accomplished is the destruction of what could have been truly productive action!"
The professor put down his bucket and replied with a smile, "Congratulations. You now understand the stimulus bill."
S
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| Feb 24 @ 6:33 PM |
The Stimulus Plan |
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Heaveninawildflower
Posts: 18,605
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Yep 
I was thinking about this (but don't think I posted it...sorry if this is a repeat).
Back in prehistory when I was 20-something and we were all upset about Vietnam, I remember discussing this with friends. We talked about the fact that wars, including Nam, are driven by economics. Just as WW II was the way out of the 1929 depression, Nam was fueling the super hot economy by providing jobs and contracts, while taking men out of the job market by sending them to war, and ensuring an ever greater employment rate. Our conclusion at the time was that we could achieve the same goal by building cities in the desert (okay, I lived in NY then, maybe it would be a deserted island now), then bombing them, rebuilding them, bombing them, etc. Kind of like your pool scenario. Stimulus package, war, whichever it is, the economy rules. Unfortunately nobody bought our building/bombing scenario as a workable solution to feeding the economy without killing people.
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| Feb 24 @ 7:46 PM |
The Stimulus Plan
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onoudn
Posts: 6,354
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where's the link to the op missed it....
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| Feb 24 @ 11:41 PM |
The Stimulus Plan |
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ebonyman
Posts: 13
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Already AIG is reporting further budget problems. The original bail out money never went into circulation because it was absorbed in bank losses as these home boys continue to lay off their own people. I have never been more ashamed to be an American as I see big industry and government shamelessly scratching each others backs at the expense of the tax payers. My mama taught me better than that. The fools are going to wreck this country!
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| Feb 25 @ 6:38 AM |
The Stimulus Plan
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sealacamp
Posts: 3,681
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The fools are going to wreck this country!
Just what I have been saying all along. I couldn't agree more!
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| Feb 25 @ 7:13 AM |
The Stimulus Plan |
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pomegranate
Posts: 1,676
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"I pity the fools who is gonna wreck this country!"
 
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| Feb 25 @ 10:45 AM |
The Stimulus Plan
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Gallows_Humor
Posts: 13,649
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has anyone here actually take the  example that seal thinks proves his point..
to the logical conclusion of..
you are shitting where you eat..
and peeing in the pool...of earth..
and bitching about something that has been going on ever since man learned to count and keep score..
the focus here now is on a supposed wasting of money by doing unnecessary acts..
all the while glossing over the fact of...
other than eating sleeping and having sex to procreate..
is anything really necessary?
btw.. my point is..
what part of this..Seal..
American Recovery and Reinvestment Act of 2009
do you not get??
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| Feb 25 @ 1:47 PM |
The Stimulus Plan |
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sealacamp
Posts: 3,681
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Your density is showing again bozo.
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| Feb 25 @ 2:27 PM |
The Stimulus Plan
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Heaveninawildflower
Posts: 18,605
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Just for curiosity's sake, what are the suggestions from those who don't believe this is pretty much the only approach open to us, meager as it is?
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| Feb 25 @ 3:13 PM |
The Stimulus Plan |
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blueyes101
Posts: 12,080
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If you take this back to your own bank account........
If you need anything done, now is a great time to do it, it you are living in an apartment, now is the time to buy, now is the time to buy most anything, but it is also the time to be frugal on things you don't really need.
If you are overweight, now is the time to buy more healthier foods. Do not buy the bags of potato chips, or the boxes of Twinkies.
Now is the time to learn to do without the extras, and spend more on the necessities.
Throwing money at problems when times are tough, is not the way to get rid of the problems...
Everyone from both parties have been bitching about the money Bush spent during his term, but most want to turn a blind eye to the amount of spending purposed here.
I realize something must be done, but what is done, and how much is spent, and pretending this is not the beginning of American socialism, is quite naive.
Saying this must be done, OR ELSE !!!!
Is no reason to ruin a good bill by overloading it, and taking away many of freedoms our children need for the future.
We have just had our government sell it's and more importantly our soul to the devil. And it will take many years to realize the full impact of it...... We have given them more power, and more money, to pretend to be helping us out of the problems they caused themselves.....
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| Feb 25 @ 3:23 PM |
The Stimulus Plan
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Gallows_Humor
Posts: 13,649
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the banks are failing... (no money to lend..)
insurance companies are hurting..( paying out on the bubble depleted their reserves..)
the real estate market is in shambles.. (nuff said here..)
there is not any real money actually being made in the stock market right now..
people ( even teachers) are being laid off..due to no taxes being collected..
stores are closing due to no one buying anything but necessities..
the solution is was needed NOW... 
edited...oh yeah..
and.. the auto industry is in chaos...
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| Feb 25 @ 3:48 PM |
The Stimulus Plan |
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Heaveninawildflower
Posts: 18,605
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We have just had our government sell its and more importantly our soul to the devil.
'Just'? Let's be fair now...it's both sides, regardless of how Republicans are sitting back and grinning that they don't have to vote for these wildly unpopular bailouts.
Bush asks for OK to spend 700B to bail out banks
I'm really torn on this - I basically distrust government in general - if they can screw us, they will. On the other hand, when I think about it analytically, I don't see any way this is going to be turned around without global nuclear warfare. I'd much rather try throwing money at improving our infrastructure, which needs it desperately, than to end up with WW III, which I'm positive will happen otherwise. The New Deal was a stopgap to try to repair a similar problem, but it wasn't as broad as what's being proposed now. It helped, but it was only WW II that finally brought us back to prosperity.
Without throwing that money at the problem, it will escalate as the economy continues to contract. If you see hard times now, it's nothing compared to what would happen if we do nothing. BTW, I'm not quoting Obama here, but simply analyzing the situation - we just happen to agree on this. You'd have to be blind not to see it happening.
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| Feb 25 @ 4:19 PM |
The Stimulus Plan
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SensualGemini
Posts: 6,888
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GH: the banks are failing...
...BS! ... Federal Banking is failing, while State Banking is holding up quite well.
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GH: insurance companies are hurting..( paying out on the bubble depleted their reserves..)
...Paying out on what bubble? ...
....The only insurance companies hurting, are the ones that crossed the line into National Banking and like AIG, they should have let them go broke.
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GH: the real estate market is in shambles..
...I don't know about that, as it will be a buyer's market soon.
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GH: there is not any real money actually being made in the stock market right now..
...Total nonsense! .... Ever hear of puts and shorts? As well, there are lots of stocks that are rising; especially those standing in front of preferential treatment by the Democrat "screw us" package.
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GH: and.. the auto industry is in chaos...
...More BS! ... Sectors are doing just fine. When people don't buy new, then they have to maintain old.
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GH: the solution is was needed NOW...
...Too bad, that after about $1.5 Trillion, the dumb asses still don't get it. Employment needs to be created, while all of the Liberal idiots want to do what?
...They want to tax industry even more... brilliant move Big Ears. 
...The same policy that put Illinois into bankruptcy.
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Ebony: I have never been more ashamed to be an American as I see big industry and government shamelessly scratching each others backs at the expense of the tax payers.
...What "big industry" is left? It is the financial institutions and energy suppliers that are getting their payback. There will be more, such as the pharmaceuticals, but the fact is, besides the government, it is small business, small industry that provides the majority of jobs and they are getting screwed over.
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...Meantime, Obama now wants another $500 Billion to "stimulate" the economy. Uhm, what was that first $800 Billion for again? And what about the $350 Billion still sitting from the financial bailout, that was not spent?
...Oh, but Obama is going to cut the budget deficit of $1.5 Trillion in half?
...Well, what genius figured this smoke and mirror BS up? Let's see... if there is not another $700 Billion bailout next year... Bingo! ... it will be cut in half.
...But wait, wait, wait... there is still that $350 Billion that was not spent. I am guessing he is going to sneak that in again next year, making it $700 Billion "extra" and still say that he cut the budget deficit in half. 
...The Dow hit it's record, all time high in 2007 and now, it is sitting at about half of what it was in October of 2008. Great job Democrats! ... you could not have fcuked it up any faster, if you had actually tried and still don't have a clue of how to get this country back on it's feet.
...And the Liberals wonder why the Republicans are the business people.
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| Feb 25 @ 4:26 PM |
The Stimulus Plan |
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SensualGemini
Posts: 6,888
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Pom: "I pity the fools who is gonna wreck this country!"
...Yes, Big Ears will go down in history as being worse than Carter and a second term?
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...There will be a house (and senate) cleaning and maybe America will wise up and vote some Statesmen in... maybe some Libertarians.
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| Feb 25 @ 4:39 PM |
The Stimulus Plan
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Gallows_Humor
Posts: 13,649
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.BS! ... Federal Banking is failing, while State Banking is holding up quite well.
just who do you think is backing up the state banks??
SG also stated....
blah..blah blah....
GH: there is not any real money actually being made in the stock market right now.. ...Total nonsense! .... Ever hear of puts and shorts? As well, there are lots of stocks that are rising; especially those standing in front of preferential treatment by the Democrat "screw us" package.
SG...... put's, shorts and all that is not real money.. and they (stocks) are rising.. (which only shows that the stimulus is working..but nothing to prove any of your points...) but are not even close to where they were in 2007....please think before you post...
I really do think that you are living in a time warp SG.. and as you have not offered any proof of anything you posted.. 
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| Feb 25 @ 4:57 PM |
The Stimulus Plan |
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SensualGemini
Posts: 6,888
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GH: just who do you think is backing up the state banks??
...Oh Brilliant One... by majority, certainly not the Feds.
...Come on, name some State Banks, out of the literally thousands of them, that are needing bailed out by tax dollars. I can name a few, but not many.
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GH: SG...... put's, shorts and all that is not real money..
.... It is in my account.
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GH: I really do think that you are living in a time warp SG.. and as you have not offered any proof of anything you posted.
...Proof of what? ... That what you know about economics; what you, Big Ears, the majority of the Democrats and all Liberals know about economics, could be put in thimble, with room left over?
...GH, you make less than $25K/year... you are not exactly the financial genius.
...Get a clue, as some of the best minds in the business are in DC and they know this latest stimulus plan was all BS. You just need to figure out what their real plan is.
..."Time warp?" ... actually, I am sitting at the hospital on an non-secure wifi network with a laptop and wasting some time.
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| Feb 25 @ 5:03 PM |
The Stimulus Plan
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Gallows_Humor
Posts: 13,649
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... now you are sounding like Iam...
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| Feb 25 @ 6:37 PM |
The Stimulus Plan |
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Jankia
Posts: 11,895
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"I pity the fools who is gonna wreck this country!"
The fools that are going to wreck this country dont deserve your pity pomegranate because the fools are blind.
Look at what we see just on this thread...the same nonsense in believing the banks havent any money to lend and are failing.
Were not in a repeat of the S&L problem of the late '80s and early '90s. Banks are entering our current problem having enough better capital and better earnings to keep them from failing.
In fact many people are taking advantage of refinancing and borrowing more during this time using the lower long term rates we didnt have before.
Heaven-Just for curiosity's sake, what are the suggestions from those who don't believe this is pretty much the only approach open to us, meager as it is?
Ok,so far we have the $800 billion Stimulus package...the $410 billion keep,our govt running bill and now $634 billion over the next 10 years for our countries health fund.
That means over the next two years we have $1.3 trillion in additional spending.
One approach is to stop expecting the Federal govt to bail out anyone and bailout ourselves.We can create millions of jobs by building out the capacity to generate a quarter our electricity from wind and solar. Advance our use of nuclear power plus use more of our natural gas to replace expensive imported oil.
Keep Americas money in America.
When auto makers figure out,which they are doing now,that they cant sell fuel inefficient cars or those with unnecessary options they will produce affordable vehicles that do sell.
Quick fixes like whats going on today are only a short term benefit if it has any benefit at all.
Look how many economists have allready debunked this Stimulus package,but who wants to listen to experts when we have a new president that has plans to cut our deficit in half by 2010. 
See above deficit spending for 2009-10.
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| Feb 25 @ 7:10 PM |
The Stimulus Plan
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SensualGemini
Posts: 6,888
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...Jankia, 92% of home mortgage loans are current and in good standing. Increasingly, I am hearing it more loud by the day, of why all of these $Billions from the 92% that work their butts off, are going to help people pay mortgages they never should have had, while the actual taxpayer gets no help with their own, nor their utilities or any other bills.
...It is always the working class that gets the shaft, as very soon, there are going to be a large number of multimillion dollar houses hitting the foreclosure market and under this new stimulus plan, they are eligible for help as well. So, the impoverished and the upper class get bailed out... while the middle working class keeps trying to pay the bills.
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| Feb 25 @ 7:55 PM |
The Stimulus Plan |
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Jankia
Posts: 11,895
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Billions from the 92% that work their butts off, are going to help people pay mortgages they never should have had
Yep,now the 92% that worked there butts off will have the stimulus to work there butts off harder to add to our governments Stimulus Budget Deficit it never should have had.
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