Saturday, June 13, 2009

After 100 Days, What Has The Stimulus Accomplished?

"President Obama will appear at Nellis Air Force Base in Nevada this afternoon to mark the stimulus package’s first 100 days [2].

So how is the stimulus working?"
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6 comments:

  1. vzaJune 13, 2009 at 5:14 PM

    It's not.

    ReplyDelete
  2. abrahamJune 13, 2009 at 6:26 PM

    Haha.  Where is phloegming?  I want to see him write about the green shoots.
     
    Hahaha.  Hee hee hee.
     
    I have schooled that bitch so mightily and on so many occasions, it's not even funny.
     
    But I'll laugh anyway: hahaha.

    ReplyDelete
  3. DJJune 13, 2009 at 8:13 PM

    America's Socialism for the Rich by Joseph Stiglitz
     
    http://www.guardian.co.uk/commentisfree/2009/jun/12/america-corporate-banking-welfare
     
    America's banks are pushing back on efforts to regulate them. While politicians talk about their commitment to regulatory reform to prevent a recurrence of the crisis, this is one area where the devil really is in the details – and the banks will muster what muscle they have left to ensure that they have ample room to continue as they have in the past.
    The old system worked well for the bankers (if not for their shareholders), so why should they embrace change?

    ReplyDelete
  4. vJune 13, 2009 at 10:26 PM

    "If they take big bets and win, they walk away with the proceeds; if they fail, the government picks up the tab."
     
    Exactly DJ,
     
    'In truth, this is not socialism, but an extension of longstanding corporate welfarism. The rich and powerful turn to the government to help them whenever they can, while needy individuals get little social protection."
     
    Too big to fail always means "to big to exist."

    ReplyDelete
  5. Maracatú des CaraïbesJune 14, 2009 at 1:07 PM

    Time to give the wingnuts another chance!

    ReplyDelete
  6. vJune 15, 2009 at 12:34 AM

    It is unfortunate Mara, but they need to be slapped on the other cheek - again

    ReplyDelete