Stimulus Dollars At Work

[Coito ergo sum]

Audit: Part of $11M grant for Detroit job seekers only aided 2.

http://www.detroitnews.com/article/2012 ... |FRONTPAGE



But it was fair. The taxpayers fairly lost $11M, and the 2 persons who got clothes were not discriminated against. Nice job.

[Clinton Huxley]

There was a story here in the UK about some governmental efficiency drive that ended up costing £500 million more than it saved. Like something from Yes, Prime Minister....

[Coito ergo sum]

The nice part is that the $11,000,000 is added, dollar for dollar, by the government accounting office, to the number of GDP. So, it all counts as productive output.

2 suits, $5.5 million each. Production quota met!

[Clinton Huxley]

The nice part is that the $11,000,000 is added, dollar for dollar, by the government accounting office, to the number of GDP. So, it all counts as productive output.

2 suits, $5.5 million each. Production quota met!

Nice - Greece should hire some people from your accounting office...

[Coito ergo sum]

That's the big crock of shit about government stimulus, anyway. Academic economists love government stimulus because it is easy to do the math. $1,000,000,000 in stimulus....just at $1,000,000,000 to the GDP. There! No GDP is rising! Or, the drop in GDP has slowed! Isn't government stimulus wonderful?

[Coito ergo sum]

http://www.washingtontimes.com/news/201 ... -stimulus/

Despite receiving more than $885 million in federal economic stimulus funds since 2009, the D.C. government — whose residents face one of the highest unemployment rates in the nation — cannot say how many jobs it actually created for those who live in the District.

Concerns are piling up that www.recovery.gov, the Obama administration's online clearinghouse for stimulus- spending information, isn't producing the kind of transparency it promised.

Obama said the Web site would provide a way for taxpayers to track and monitor how the $700 billion in stimulus money was being spent, yet more than two months after some of the funds were released, the Web site offers little detail on where the money is going.

Rather, the site mainly provides links to other government agencies and features press releases.

http://www.washingtontimes.com/weblogs/ ... n-details/


http://thehill.com/blogs/hillicon-valle ... needs-work

GAO: Obama administration website on stimulus spending fails on transparency

[Clinton Huxley]

Are you not feeling stimulated, CES?

[Ian]

That's the big crock of shit about government stimulus, anyway. Academic economists love government stimulus because it is easy to do the math. $1,000,000,000 in stimulus....just at $1,000,000,000 to the GDP. There! No GDP is rising! Or, the drop in GDP has slowed! Isn't government stimulus wonderful?

Everything is nice and simple in Coito World.

Reminds me of Ross Perot's infomercials, as he explained his economic ideas to the country with some charts and graphs, saying "See? It's just that simple!" over and over.

And CES - Please stop using the Washington Times as a source of information. They're about as objective and reliable as Fox News. There's plenty of nonpartisan information to be found elsewhere. If the source you're reading has a clear agenda to push before they've written a word on a story, it should be ignored.

[Tero]

Bring back uncle Reagan, he explained it with dollar bills and coins.

[Coito ergo sum]

That's the big crock of shit about government stimulus, anyway. Academic economists love government stimulus because it is easy to do the math. $1,000,000,000 in stimulus....just at $1,000,000,000 to the GDP. There! No GDP is rising! Or, the drop in GDP has slowed! Isn't government stimulus wonderful?

Everything is nice and simple in Coito World.

Reminds me of Ross Perot's infomercials, as he explained his economic ideas to the country with some charts and graphs, saying "See? It's just that simple!" over and over.

And CES - Please stop using the Washington Times as a source of information. They're about as objective and reliable as Fox News. There's plenty of nonpartisan information to be found elsewhere. If the source you're reading has a clear agenda to push before they've written a word on a story, it should be ignored.

That is what is done with stimulus money, though. It's added dollar-for-dollar to GDP. That's part of why the numbers are such bullshit.

Are the facts wrong? Has DC been able to account for the jobs created by virtue of their stimulus money? Feel free to cite the source you feel is objective on that topic.

And, "thehill" confirmed the second Wash. Times article, and the support within it is from the GAO.

But, of course, when the information isn't to your likely, just hand-wave it away.

[Ian]

BS. I'm fine with dealing with information I don't like. What I wave away are crap sources. Seriously, don't bother looking at the Washington Times. In fact, delete it from the favorites section on your browser if you've got it saved there. Do you think I get my information from HuffPo and MSNBC? Not firsthand, that's for sure.

Bear this in mind: I'm an analyst by profession. Reliability of information is a very, very big thing with me. I don't care to read things just because the source will make me feel better about what I already believe.

Anyway, about all that stimulus money that has apparently gone into thin air...
http://www.brookings.edu/articles/2010/ ... tless.aspx
http://www.nytimes.com/imagepages/2009/ ... aphic.html
http://www.cbo.gov/publication/42715

[sandinista]

Audit: Part of $11M grant for Detroit job seekers only aided 2.

http://www.detroitnews.com/article/2012 ... |FRONTPAGE



But it was fair. The taxpayers fairly lost $11M, and the 2 persons who got clothes were not discriminated against. Nice job.

11 million? drop in a bucket when your government has wasted at least $3.7 trillion on meaningless wars and occupations. Talk about a "stimulus plan" if you want to get pissed at wasted cash maybe attack something real.

http://www.reuters.com/article/2011/06/ ... 5320110629

[Coito ergo sum]

Audit: Part of $11M grant for Detroit job seekers only aided 2.

http://www.detroitnews.com/article/2012 ... |FRONTPAGE



But it was fair. The taxpayers fairly lost $11M, and the 2 persons who got clothes were not discriminated against. Nice job.

11 million? drop in a bucket when your government has wasted at least $3.7 trillion on meaningless wars and occupations. Talk about a "stimulus plan" if you want to get pissed at wasted cash maybe attack something real.

http://www.reuters.com/article/2011/06/ ... 5320110629

Yawn.

The stimulus plus cash for clunkers and other nonsense exceeds a trillion. Hardly a "drop in the bucket."

Are you defending the stimulus because the government wasted other money? Great argument.

I would be happy if we had no more wars. So, you get no argument from me. Of course, when one is attacked, one is attacked, so in those cases, one's choice is to either sit there and take it or respond.

[sandinista]

Of course, when one is attacked, one is attacked, so in those cases, one's choice is to either sit there and take it or respond.

thats it eh? If you're attacked you only have two options, bomb, destroy, and occupy a country or two for a decade or do nothing. ridiculous.

Are you defending the stimulus because the government wasted other money? Great argument.

me defend the US government? whaaa? Of course I'm not, if you could read, you would see I am just saying that, if your whinging about wasted money look towards the real waste.

[Ian]

Of course, when one is attacked, one is attacked, so in those cases, one's choice is to either sit there and take it or respond.

thats it eh? If you're attacked you only have two options, bomb, destroy, and occupy a country or two for a decade or do nothing. ridiculous.

Coito said "sit there and take it" or "respond". Under "respond" comes quite a few sub-options, not only what you decided to fill in for him.

So how might you have dealt with Al Qaeda the day after 9/11?