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2009-09-17 Economy

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Posted by tipper 2009-09-17 10:16|| || Front Page|| [1 views ] Top

#1 --- This is news about another failed prediction from a government that failed to see the crisis coming in the first place.
--- From the cited article: As the economic recovery takes hold, it is important to continue assessing the role played by the stimulus package and other factors. Not so fast -- there's still hundreds of billions, if not trillions in bad debts that must be worked out of the system. And I'm not referring to the national debt. There were several false recoveries during the Great Depression, too.

Posted by Anguper Hupomosing9418 2009-09-17 11:01|| 2009-09-17 11:01|| Front Page Top

#2 I wasn't stimulated.

Posted by Deacon Blues">Deacon Blues 2009-09-17 12:35|| 2009-09-17 12:35|| Front Page Top

#3 Of course it worked. It accomplished exactly what it was meant to accomplish -- reward Bammo's buddies with truckloads of taxpayer cash.

Posted by Iblis 2009-09-17 14:21|| 2009-09-17 14:21|| Front Page Top

#4 That was a feature, not a bug.

Posted by Frozen Al 2009-09-17 18:40|| 2009-09-17 18:40|| Front Page Top

#5 Goal: reward SEIU members by using "stabilization" funds to avoid any layoffs or furloughs at the state and local levels.

Secondary benefit: avoid any public scrutiny of bloated state budgets, which have doubled as a % of GDP in the last 15 years, and irresponsible expansion in state payrolls.

Vehicle: Recovery Act.

Outcome: Mission accomplished.

Never have the SEIU and its peers in the auto industry wielded such power in our lifetimes. Barry's got at least one pillar of support (outside of Government $achs, that is.) Hooray!

Posted by lex 2009-09-17 18:53|| 2009-09-17 18:53|| Front Page Top

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