|
MrRodgers -> RE: Stimulus money put to work :) (9/24/2009 11:23:45 PM)
|
quote:
ORIGINAL: Mercnbeth
The biggest (only?) growth industry stimulated by this Administration; one that adds to the deficit and doesn't add one penny to the revenue stream.
However, it will cause the private sector to contract as they, and anyone silly enough to expand and be more profitable, have to pay for these "essential" personnel.
The $787 billion economic recovery package also is stimulating growth in the federal government as agencies hire thousands of workers and spend millions of dollars to oversee and implement the package, according to government records and spokesmen.Fourteen of the top federal agencies responsible for spending under the American Recovery and Reinvestment Act say they've hired about 3,000 workers with stimulus money. That's helped fuel the continued growth of the federal government, which increased by more than 25,000 employees, or 1.3%, since December 2008, according to the latest quarterly report. During that time, the ranks of the nation's unemployed increased by nearly 4 million, Labor Department statistics show.Overall, there are about 2 million federal workers, the data show.
Please, it is easy to understand our vigilance and we should by all means...keep it. But...let's be objective.
Interest rate reductions in the past took 6-8 mos to take effect. Tax cuts in the past...took longer.
Why does the right continue to pick on a policy started by Bush with TARP,(or we might have suffered riots, anarchy and martial law...riiight) and the obvious bailout of Freddie and Fannie...demand that Obama be any more 'successful' i. e., quicker then 8 mos. and should have already earned, given the gravity of the situation, you'd think as with any OTHER pres....a large benefit of the doubt.
Nope... not this one. He's the ultimate superman as identified by his opponents and already a failure in addition to all of his other sins.
BTW, ANY dollar put into the economy in any way is another dollar becoming fulfillment of demand and means as much (to the economy) as any other dollar. This is true whether that dollar is earned, borrowed or printed...the first being our preference.
|
|
|
|
