$819B stimulus bill passed. Your thoughts?

[wetech]

Originally posted by: heyheybooboo

Originally posted by: NeoV~~~~

650 Million for Digital TV coupons? A joke - any money spent on this already is too much. If you don't have cable TV, and/or you don't have a TV capable of receiving a digital signal - buy a new TV or get an adapter so your TV will still work - it's not like we snuck this transition in without warning.
~~~~

My understanding is the initial coupon program ran out money a month or so ago.

Why people are complaining, I don't know. The Feds stand to gain tens of billions from selling off the old analog bandwidth.

The money can be spent on better things then making sure people don't miss an episode of American Idol.

 

[Rustler]

Obama met on Wednesday with several corporate chief executives, many of whom have received generous pay packages. Two executives introduced Obama at a White House event, designed to lobby for swift passage of an economic stimulus bill now in Congress.

 

[BoberFett]

Originally posted by: eskimospy

Originally posted by: Skoorb

Originally posted by: BassBomb
by no means am I a economic genius.. I took an Intro to Macroeconomics course last term..

Isn't a increase in funds going to cause a short term benefit but be bad in the long run as the currecny was devalued and prices either stay the same or go up...?

Almost certainly, and as you can tell this simple logic comes from an intro course, which makes me wonder what the government's background is that they miss this point

You should probably ask all those legions of economists with Ph.D's and decades of experience why they think it's a good idea too.

I know they're no match for the internet economists on here, but maybe they can have some useful input to the ATPN "Man-up/RON PAUL RULZ" stimulus package.

The same economists with Ph.D's who said the fundamentals were strong and couldn't see the impending implosion?

I'd rather listen to internet n00bz.

 

[BassBomb]

Originally posted by: BoberFett

Originally posted by: eskimospy

Originally posted by: Skoorb

Originally posted by: BassBomb
by no means am I a economic genius.. I took an Intro to Macroeconomics course last term..

Isn't a increase in funds going to cause a short term benefit but be bad in the long run as the currecny was devalued and prices either stay the same or go up...?

Almost certainly, and as you can tell this simple logic comes from an intro course, which makes me wonder what the government's background is that they miss this point

You should probably ask all those legions of economists with Ph.D's and decades of experience why they think it's a good idea too.

I know they're no match for the internet economists on here, but maybe they can have some useful input to the ATPN "Man-up/RON PAUL RULZ" stimulus package.

The same economists with Ph.D's who said the fundamentals were strong and couldn't see the impending implosion?

I'd rather listen to internet n00bz.

The fact that no one is talking about the long term effects is what worries me. I don't think throwing large sums of money everywhichway (especially to greedy banks) is a smart idea. Yes it will help the short term but I think it may ruin the long term.

 

[BarneyFife]

I'm disappointed in the stimulus bill that was passed by the House. Obama can't go around screaming infrastructure and only dedicate $30 billion for highway/bridges for the entire country. To put this number into perspective, the annual transportation budget for Michigan is 3.6 billion. Michigan's proposed share is $750 mil. A nice chunk of change but about 20% of the annual budget. That really isn't boosting us much.

I hope the GOP puts a ton of pressure because this plan is complete bullshit.

 

[fskimospy]

Originally posted by: BoberFett

Originally posted by: eskimospy

Originally posted by: Skoorb

Originally posted by: BassBomb
by no means am I a economic genius.. I took an Intro to Macroeconomics course last term..

Isn't a increase in funds going to cause a short term benefit but be bad in the long run as the currecny was devalued and prices either stay the same or go up...?

Almost certainly, and as you can tell this simple logic comes from an intro course, which makes me wonder what the government's background is that they miss this point

You should probably ask all those legions of economists with Ph.D's and decades of experience why they think it's a good idea too.

I know they're no match for the internet economists on here, but maybe they can have some useful input to the ATPN "Man-up/RON PAUL RULZ" stimulus package.

The same economists with Ph.D's who said the fundamentals were strong and couldn't see the impending implosion?

I'd rather listen to internet n00bz.

You're right, knowing things about the subject you're talking about is overrated.

 

[Xellos2099]

This bill is a joke. infrastructure job creation only work for a short amount of time, as those people will be out of work as soon as the project is done. Also, the job that this bill create are usually low income work. Get rid of all the iilegal immigrant and we solve the work problem. It also solve the education and healthcare problem as those ilegal don't pay income tax yet get benefit and special treatment. As I recall, this bill also have something pork call benefits to the illegal immigrant.

 

[fskimospy]

Originally posted by: Xellos2099
This bill is a joke. infrastructure job creation only work for a short amount of time, as those people will be out of work as soon as the project is done. Also, the job that this bill create are usually low income work. Get rid of all the iilegal immigrant and we solve the work problem. It also solve the education and healthcare problem as those ilegal don't pay income tax yet get benefit and special treatment. As I recall, this bill also have something pork call benefits to the illegal immigrant.

This post is surely a sign that we need additional education spending here in the US.

 

[JS80]

Originally posted by: sciwizam
Youtube Clip of Pelosi on the STD prevention.

Original video from CBS Early show, starts @ around 1:50

next step eugenics. go Pelositler.

 

[CADsortaGUY]

Originally posted by: eskimospy

Originally posted by: Xellos2099
This bill is a joke. infrastructure job creation only work for a short amount of time, as those people will be out of work as soon as the project is done. Also, the job that this bill create are usually low income work. Get rid of all the iilegal immigrant and we solve the work problem. It also solve the education and healthcare problem as those ilegal don't pay income tax yet get benefit and special treatment. As I recall, this bill also have something pork call benefits to the illegal immigrant.

This post is surely a sign that we need additional education spending here in the US.

Actually I think this thread is...

 

[JS80]

Originally posted by: Dissipate

Originally posted by: CPA
Nope. My job, like the vast majority of CPA's, has nothing to do with taxes, per se. I have posted several times that I am an advocate of scrapping the entire progressive tax system we have. I prefer a simpler sales tax based structure.

I could have sworn you had a thread on taxes in the OT forum.

financial accountant =/= tax accountant

but that doesn't mean a financial accountant doesn't know tax stuff.

 

[JS80]

Originally posted by: CADsortaGUY

Originally posted by: eskimospy

Originally posted by: Xellos2099
This bill is a joke. infrastructure job creation only work for a short amount of time, as those people will be out of work as soon as the project is done. Also, the job that this bill create are usually low income work. Get rid of all the iilegal immigrant and we solve the work problem. It also solve the education and healthcare problem as those ilegal don't pay income tax yet get benefit and special treatment. As I recall, this bill also have something pork call benefits to the illegal immigrant.

This post is surely a sign that we need additional education spending here in the US.

Actually I think this thread is...

actually that thread is just an argument against democracy. see my sig for reference.

 

[Pocatello]

I hope the stimulus will work and will produce jobs. On the other hand, I'm really worry that it's more pork and does not produce enough jobs.

 

[Xellos2099]

My guess is that most people understand that the so call stimulus plan won't work but pray it will work.

 

[BoberFett]

Originally posted by: eskimospy

Originally posted by: BoberFett

Originally posted by: eskimospy

Originally posted by: Skoorb

Originally posted by: BassBomb
by no means am I a economic genius.. I took an Intro to Macroeconomics course last term..

Isn't a increase in funds going to cause a short term benefit but be bad in the long run as the currecny was devalued and prices either stay the same or go up...?

Almost certainly, and as you can tell this simple logic comes from an intro course, which makes me wonder what the government's background is that they miss this point

You should probably ask all those legions of economists with Ph.D's and decades of experience why they think it's a good idea too.

I know they're no match for the internet economists on here, but maybe they can have some useful input to the ATPN "Man-up/RON PAUL RULZ" stimulus package.

The same economists with Ph.D's who said the fundamentals were strong and couldn't see the impending implosion?

I'd rather listen to internet n00bz.

You're right, knowing things about the subject you're talking about is overrated.

Based on the results, I'd say nobody running the show knows anything about the subject they're talking about.

Why do you keep digging your hole of stupidity?

 

[jjzelinski]

Originally posted by: BoberFett

Originally posted by: eskimospy

Originally posted by: BoberFett

Originally posted by: eskimospy

Originally posted by: Skoorb

Originally posted by: BassBomb
by no means am I a economic genius.. I took an Intro to Macroeconomics course last term..

Isn't a increase in funds going to cause a short term benefit but be bad in the long run as the currecny was devalued and prices either stay the same or go up...?

Almost certainly, and as you can tell this simple logic comes from an intro course, which makes me wonder what the government's background is that they miss this point

You should probably ask all those legions of economists with Ph.D's and decades of experience why they think it's a good idea too.

I know they're no match for the internet economists on here, but maybe they can have some useful input to the ATPN "Man-up/RON PAUL RULZ" stimulus package.

The same economists with Ph.D's who said the fundamentals were strong and couldn't see the impending implosion?

I'd rather listen to internet n00bz.

You're right, knowing things about the subject you're talking about is overrated.

Based on the results, I'd say nobody running the show knows anything about the subject they're talking about.

Why do you keep digging your hole of stupidity?

lol

That doesn't sound nearly as "cool" as you think it does.

Besides, your assertion that opinionated conjecture of "internet n00bz" is now worth more than that of people who are actually educated in the subject matter of this discussion is pretty laughable and I hope you're being sarcastic or at least obtuse. Either way, I fail to see how the platform of your assertion in any way qualifies as eskimospy "digging a hole of stupidity."

 

[PurdueRy]

Originally posted by: JS80

Originally posted by: sciwizam
Youtube Clip of Pelosi on the STD prevention.

Original video from CBS Early show, starts @ around 1:50

next step eugenics. go Pelositler.

LOL

Can I draw some lines between this and a certain Alaskan Governor?

 

[Thump553]

To try to get this back on point, my thoughts on the stimulus bill:

Tax cuts were included only to placate the Republicans, who have decided to play partisan politics and boycott the bill. Tax cuts are ineffective to stimulate the economy. Moodys (hardly a partisan source) reports that corporate tax cuts generate thirty cents of growth for every dollar of cut, and individual tax cuts generate $1.03. Government spending on public works generates in excess of $1.50. In addition, in my view tax cuts have been one of the most significant factors in the concentration of wealth in the USA. We are becoming a South American banana republic and destroying the middle class. My solution-unless there is a real and valid stimulative effect to a particular tax cut, remove them all from the bill.

A major mistake in the bank bailout bill was Congress going along with GWB's and Paulson's insistence that the government not restrict corporate salaries in any way. We have seen how that worked out-over 18 billion in bonuses given out last year in a failing, bailed out industry. I have done plenty of commercial loans and have yet to see one where the lender does not insist on some sort of cap or restriction on salaries or owner withdrawals from the business while the loan is in effect. Time to drop the GOP partisan mantras and implement some prudent lender practices to these bills.

 

[ericlp]

Originally posted by: Red Dawn
Will somebody please point out the pork in this Bill? I see a lot of money going to address situations in need. Maybe I didn't look at it closely enough but just from looking at the breakdown in Wikipodia I didn't notice any special little expenditures for certain Reps pet projects. Doesn't mean they aren't there, I just didn't see them.

What? You don't think we should send it to Iraq, and rich asshole CEO's?


Sheesh, what's wrong with you?

 

[ericlp]

Originally posted by: ProfJohn

Originally posted by: Acanthus
I had to read HR-01 in its entirety for a paper. (yeah 671 pages)

The gist:
-Education spending to make up for all the lost property tax revenue.
-Expanded welfare budgets to cover the newly and future unemployed.
-Expanded health care for children.
-Renovation of NASA, DOA, DOD, USGS, Museums, Schools, Public State Universities, Hospitals, Veterans Affairs Buildings, Section 8 housing, low income housing, and more for energy efficiency and general repairs.
-Repair of highways, roads, bridges, sewers, flood walls, and other infrastructure.
-Expanded college tuition funding through PELL.
-Expanded childcare for parents in college
-funding to states who are in a budget crisis due to lost tax revenue
-Buying a new fleet of fuel efficient vehicles for government agencies
-Research grants for alternative fuel and battery technology
-Renovation of national parks, restoration of national monuments, increased care of national cemetaries
-Earmarks for medicare efficiency research projects designed to improve the efficiency of medicare programs in the long term
-Unprecedented transparency and oversight through all public bidding, Inspector Generals, and an all public approval process via recovery.gov

That is all the nice stuff, now list for us all the waste and pork.

$1 billion for Amtrack
$2 billion for childcare subsidies
$50 million for the National Endowment for the Arts??? <--WTF?
$400 million for global warming research <--that will create a lot of jobs
$2.4 BILLION for carbon-capture projects??
$6 billion for mass transit. How does that help stimulate the economy?
$54 billion to federal programs that have been declared 'ineffective' by the OMB

This isn't a stimulus package, it is a Democrat wish list.

A lot of you criticized Bush for taking advantage of 9-11 to push through a bunch of policy ideas that you disagree with.
Now it seems that Obama and the Democrats in congress are taking advantage of the slow economy to push through a bunch of spending that they would not be able to get through during a good economy.

Fuck 911, I'd rather spend the money at home...

Thanks, tho...

 

[Fear No Evil]

Originally posted by: ericlp

Originally posted by: ProfJohn

Originally posted by: Acanthus
I had to read HR-01 in its entirety for a paper. (yeah 671 pages)

The gist:
-Education spending to make up for all the lost property tax revenue.
-Expanded welfare budgets to cover the newly and future unemployed.
-Expanded health care for children.
-Renovation of NASA, DOA, DOD, USGS, Museums, Schools, Public State Universities, Hospitals, Veterans Affairs Buildings, Section 8 housing, low income housing, and more for energy efficiency and general repairs.
-Repair of highways, roads, bridges, sewers, flood walls, and other infrastructure.
-Expanded college tuition funding through PELL.
-Expanded childcare for parents in college
-funding to states who are in a budget crisis due to lost tax revenue
-Buying a new fleet of fuel efficient vehicles for government agencies
-Research grants for alternative fuel and battery technology
-Renovation of national parks, restoration of national monuments, increased care of national cemetaries
-Earmarks for medicare efficiency research projects designed to improve the efficiency of medicare programs in the long term
-Unprecedented transparency and oversight through all public bidding, Inspector Generals, and an all public approval process via recovery.gov

That is all the nice stuff, now list for us all the waste and pork.

$1 billion for Amtrack
$2 billion for childcare subsidies
$50 million for the National Endowment for the Arts??? <--WTF?
$400 million for global warming research <--that will create a lot of jobs
$2.4 BILLION for carbon-capture projects??
$6 billion for mass transit. How does that help stimulate the economy?
$54 billion to federal programs that have been declared 'ineffective' by the OMB

This isn't a stimulus package, it is a Democrat wish list.

A lot of you criticized Bush for taking advantage of 9-11 to push through a bunch of policy ideas that you disagree with.
Now it seems that Obama and the Democrats in congress are taking advantage of the slow economy to push through a bunch of spending that they would not be able to get through during a good economy.

Fuck 911, I'd rather spend the money at home...

Thanks, tho...

Where do you think the money towards the war goes to? A lot of U.S. defense contractors and U.S. soldiers. While the products they produced aren't used here.. a lot of the money spent stays here. Stupid argument.

 

[First]

Originally posted by: jjzelinski

Besides, your assertion that opinionated conjecture of "internet n00bz" is now worth more than that of people who are actually educated in the subject matter of this discussion is pretty laughable and I hope you're being sarcastic or at least obtuse. Either way, I fail to see how the platform of your assertion in any way qualifies as eskimospy "digging a hole of stupidity."

He has literally said that, because we are at the severe end of the business cycle trough, that that disqualifies Ph.D economists and risk management experts all over the world. Apparently Internet podunks from Fargo trained in WinXP administration can also double as noble prize economists and billionaire investors like Warren Buffet.

 

[retrospooty]

Now is the time to show us what you are made of. This package is rediculous. Millions for lawncare, std's etc etc... how does that type of thing stimulate the economy? I am a lib adn a dem, but this shit wont stand. What are they thinking.

If Obama and the senate dont demand alot of that pork be taken out of the bill before it passes, I will lose all faith in this "change" motto and will have to agree Obama is just another politician.

Lets see what actually passes though. There have already been some things taken out of the bill the house passed., the Senate and Obama damn well better take more. Freegin retarded.



Merged

Anandtech Senior Moderator
Red Dawn

 

[Ozoned]

Obviously you have not been paying attention to how our political process works. This is a fluid transition.

 

[BarneyFife]

I agree! People want JOBS. I'm all for STD prevention but this does not belong in a stimulus bill. I'm very suspicious of the California Democrats because they have no idea nor care what is happening in Detroit. Its actually sad that they are forgetting about the midwest since we are the ones suffering the most.