The New Bailout - Page 9

ZenGum · 03-15-2009, 07:45 PM

Quote:

“I’m sick and tired of picking up the newspaper and reading about another idiotic abuse of taxpayer money while our country is on the brink,” Kerry said in a statement yesterday.

Idiotic abuse of taxpayers money? That is what politicians are for. When business gets in on the act, what next? The government giving themselves bonuses?

classicman · 03-15-2009, 08:48 PM

Apparently he did in the interview.

xoxoxoBruce · 03-15-2009, 10:50 PM

Quote:

Originally Posted by classicman

Apparently he did in the interview.

No, he said if a bunch of things happen, and they can do what they set out to accomplish, the recession will end at the end of the year.

But despite his optimism they can meet those targets in spite of Republican obstructionists, what he's actually talking about is ending the plunge into a full fledged depression.

ZenGum · 03-15-2009, 10:00 PM

Well, the "end of the recession" might not be the return to growth, it might be the begining of full-on depression.

sugarpop · 03-15-2009, 10:27 PM

Surprisingly, I was a little bit comforted by his interview tonight, something I can't say about listening to Larry Summers this morning. I reeeally, reeeally hope they know they are doing. At least I learned Ben Bernanke did not grow up with a silver spoon in his mouth, and he never worked for Wall Street.

classicman · 03-16-2009, 08:15 AM

Well then they cut the video REALLY WELL this morning. I wanted to see the whole thing myself after your posts - Thats what it looked like to me.

TheMercenary · 03-19-2009, 10:24 AM

"....millions of jobs." President Obama

sugarpop · 03-19-2009, 05:06 PM

where ya been Merc?

TheMercenary · 03-19-2009, 05:54 PM

Quote:

Originally Posted by sugarpop

where ya been Merc?

St. Pats Rugby Tourny all week end and we hosted 3 people from the UK in our house. Gave them some big ole American hospitality, cooked a whole salmon on the grill, went to a low country boil, made a few fires in the back yard, hoisted a few cold ones, and soaked in the hot tub.

sugarpop · 03-19-2009, 06:23 PM

damn. and you didn't call? bastard. I coulda used a nice, big British bloke...

TheMercenary · 03-22-2009, 05:15 PM

And now more failures of the bailout:

Quote:

March 22, 2009
Some Rich Districts Get Richer as Aid Is Rushed to Schools
By SAM DILLON
RANDOLPH, Utah — Dale Lamborn, the superintendent of a somewhat threadbare rural school district, feels the pain of Utah’s economic crisis every day as he tinkers with his shrinking budget, struggling to avoid laying off teachers or cutting classes like welding or calculus.

Just across the border in Wyoming, a state awash in oil and gas money, James Bailey runs a wealthier district. It has a new elementary school and gives every child an Apple laptop.

But under the Obama administration’s education stimulus package, Mr. Lamborn, who needs every penny he can get, will receive hundreds of dollars less per student than will Dr. Bailey, who says he does not need the extra money.

“For us, this is just a windfall,” Dr. Bailey said.

In pouring rivers of cash into states and school districts, Washington is using a tangle of well-worn federal formulas, some of which benefit states that spend more per pupil, while others help states with large concentrations of poor students or simply channel money based on population. Combined, the formulas seem to take little account of who needs the money most.

As a result, some districts that are well off will find themselves swimming in cash, while some that are struggling may get too little to avoid cutbacks.

Still, educators are accepting the disparities without challenge. Utah, which stands to get about $400 less per student than Wyoming, says it is grateful for the money and has no complaint. There is widespread recognition that the federal money is helping to avert what could have been an educational disaster in some places.

Democrats in Congress decided to use the formulas to save time, knowing that devising new ones tailored to current conditions could require months of negotiations.

http://www.nytimes.com/2009/03/22/ed...22schools.html

classicman · 03-22-2009, 07:51 PM

Aside/ How exactly is it that our elected representatives signed this bailout without even reading it? They are still now finding things that they had no idea were there. Gotta be done before Nancy goes on her trip...

What the fuck did they do? Oh thats right THEY DON'T KNOW EITHER Grrrrr /As you were.

TGRR · 03-22-2009, 08:04 PM

Quote:

Originally Posted by classicman

Aside/ How exactly is it that our elected representatives signed this bailout without even reading it?

Same as they did with the PATRIOT Act.

Nobody had time to read it, damn near everyone voted for it.

sugarpop · 03-23-2009, 09:10 PM

Quote:

Originally Posted by TGRR

Same as they did with the PATRIOT Act.

Nobody had time to read it, damn near everyone voted for it.

Fear tactics. And of course, Congress has to actually pretend like they're doing stuff for OUR benefit, instead of their own political benefit.

TheMercenary · 03-25-2009, 10:58 AM

Quote:

Originally Posted by sugarpop

Fear tactics. And of course, Congress has to actually pretend like they're doing stuff for OUR benefit, instead of their own political benefit.

No one was fooled. It was business as usual before, just as it is now.

03-15-2009, 08:48 PM	#2
classicman barely disguised asshole, keeper of all that is holy. Join Date: Nov 2007 Posts: 23,401	Apparently he did in the interview. __________________ "like strapping a pillow on a bull in a china shop" Bullitt

03-15-2009, 10:00 PM	#4
ZenGum Doctor Wtf Join Date: Oct 2007 Location: Badelaide, Baustralia Posts: 12,861	Well, the "end of the recession" might not be the return to growth, it might be the begining of full-on depression. __________________ Shut up and hug. MoreThanPretty, Nov 5, 2008. Just because I'm nominally polite, does not make me a pussy. Sundae Girl.

03-16-2009, 08:15 AM	#6
classicman barely disguised asshole, keeper of all that is holy. Join Date: Nov 2007 Posts: 23,401	Well then they cut the video REALLY WELL this morning. I wanted to see the whole thing myself after your posts - Thats what it looked like to me. __________________ "like strapping a pillow on a bull in a china shop" Bullitt

03-19-2009, 10:24 AM	#7
TheMercenary “Hypocrisy: prejudice with a halo” Join Date: Mar 2007 Location: Savannah, Georgia Posts: 21,393	"....millions of jobs." President Obama __________________ Anyone but the this most fuked up President in History in 2012!

03-22-2009, 07:51 PM	#12
classicman barely disguised asshole, keeper of all that is holy. Join Date: Nov 2007 Posts: 23,401	Aside/ How exactly is it that our elected representatives signed this bailout without even reading it? They are still now finding things that they had no idea were there. Gotta be done before Nancy goes on her trip... What the fuck did they do? Oh thats right THEY DON'T KNOW EITHER Grrrrr /As you were. __________________ "like strapping a pillow on a bull in a china shop" Bullitt

03-15-2009, 10:27 PM	#5
sugarpop Professor Join Date: Nov 2008 Location: the edge of the abyss Posts: 1,947	Surprisingly, I was a little bit comforted by his interview tonight, something I can't say about listening to Larry Summers this morning. I reeeally, reeeally hope they know they are doing. At least I learned Ben Bernanke did not grow up with a silver spoon in his mouth, and he never worked for Wall Street.

03-19-2009, 05:06 PM	#8
sugarpop Professor Join Date: Nov 2008 Location: the edge of the abyss Posts: 1,947	where ya been Merc?

03-19-2009, 06:23 PM	#10
sugarpop Professor Join Date: Nov 2008 Location: the edge of the abyss Posts: 1,947	damn. and you didn't call? bastard. I coulda used a nice, big British bloke...

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)