Does Anyone feel like Bailing

[TheMercenary]

So what happens to all these supposed new jobs created by the pork barrel stimulus package when that money is no longer being supplied by the government?

[xoxoxoBruce]

Hopefully, the private sector will be picking up by then.

[TheMercenary]

Originally Posted by xoxoxoBruce

Hopefully, the private sector will be picking up by then.

Pretty big hope there. The record on the Government artifically propping up the economy is dismal. But boy it sure makes the socialists feel better about how many fake jobs have been created!

[Griff]

One guy in Washington gets it.

The problems that led to the last crisis have not yet been addressed, and in some cases have grown worse, says Neil Barofsky, the special inspector general for the trouble asset relief program, or TARP. The quarterly report to Congress was released Sunday.

"Even if TARP saved our financial system from driving off a cliff back in 2008, absent meaningful reform, we are still driving on the same winding mountain road, but this time in a faster car," Barofsky wrote.

Since Congress passed $700 billion financial bailout, the remaining institutions considered "too big to fail" have grown larger and failed to restrain the lavish pay for their executives, Barofsky wrote. He said the banks still have an incentive to take on risk because they know the government will save them rather than bring down the financial system.

[tw]

Originally Posted by TheMercenary

So what happens to all these supposed new jobs created by the pork barrel stimulus package when that money is no longer being supplied by the government?

Propaganda always stated for the many who need to feel good. Reality - jobs created by throwing money are temporary. Same technique is created by requiring everyone to replace their lawn annually. That also creates jobs. Economics takes revenge years later. Those temporary jobs are about lessening severe job losses today while accepting lesser job losses distributed over a longer future period. IOW we well be paying for the 2000 for then next ten years.

No government creates jobs. Only innovation creates jobs. We have yet to see severe job loses. History says serious job losses are expected. Spend money today to lessen that inevitable blow. And nobody knows if it will work.

A problem created by wacko extremist economics such as tax cuts to the rich. Tax cuts without spending cuts. Subverting Basel 1 and 2 requirements. Subverting the SEC to protect people such as Maddof. Telling rich bankers they could pay themselves massive wealth and run up 30 to 1 debt to equity ratios as long as they also purchased politicians. Even let GM quash their hybrids. How many times do these same people not discuss K Street - the largest government bribery in the history of America?

Economics takes revenge for economic money games. Lies in 1968 and 1970 Viet Nam created massive job losses and recession in 1975 and 1979. Lies from irresponsible government in the 2000s will be the malaise in 2009 and 2014. Only those told how to think by a political agenda argue TARP myths - so that their political agenda will not get blamed. The TARP was not a problem. The political agenda created this mess - complete with "Mission Accomplished". And surrendering Afghanistan to the Taliban. Taking cheap shots is now the political agenda.

Those whose political agenda said Saddam had WMDS - now we will begin to pay for those overt and venomous lies. Who warned us all back in 2003 that it would happen? Who predicted when that the bills would come due four and more years later?

I made one mistake. I said it would cost about $400billion when the political agenda said it would only costs $2billion. Well, the bill is now $1000 billion - a trillion. I under estimated how destructive that 2000s political agenda would be. Maddof and Enron accounting are just two trophy's earned by that political agenda - that we all have only started to pay for.

So instead the political agenda takes cheap shots at TARP - so that we forget what and who created this mess. So who predicted it back when the political agenda even lied about Saddam's WMDs?