have you had enough yet???

[scottw]

Originally Posted by spence

As with most investments there are hard and soft benefits.

Reducing the rate of job loss and averting a much deeper recession is of tremendous benefit to the American people. Some of this was simply emotional which is soft, but very important. Harder benefits like new hires, increases in pay or the big one GDP can be measured, but the driver isn't always a single cause.

The economists seem to generally agree that the Stimulus Bill did help avert a deeper recession, which in soft terms means the economic impact is far beyond 600B.

Never recovering all 8M jobs doesn't mean we won't recover. A lot of jobs will be lost through automation and technology changes. As a country, we need to adapt and innovate.

-spence

sorry Spence...BS!!!! the stimulus didn't reduce the rate of job loss, that occurs on it's own as a normal cycle of the recession...bankrupting America is a tremendous benefit?? "the economists seem to generally agree"?...you mean the GDP that was just revised DOWN??? like all of the other numbers that Obama shows up to trumpet as signs of success only to be revised DOWN within a week or so??? the more you comment the more I think you are as deluded as Obama

AP Steve Wynn says Americans are afraid. He’s just angry.

“Washington is unpredictable these days,” declares the CEO of Wynn Resorts . “No one has any idea what’s next…the uncertainty of the business climate in America is frightening, frightening to everybody, and it’s delaying the recovery.”

Wynn speaks of “wild, uncontrolled spending,” and “unbelievable, unsustainable debt”. As he plans to split his company headquarters between Las Vegas and Macau, with a bigger emphasis on Macau because of its tremendous profitability, he has no qualms about dealing with the Chinese government.

“Macau has been steady. The shocking, unexpected government is the one in Washington.”

He’s concerned about the prospect of inflation, of FHA repeating the mistakes of Fannie and Freddie, and the cost to business from the new healthcare law. “We’re on our way to Greece, in the hands of a confused, foolish government,” Wynn says. “It’s got to stop. It’s got to stop.”

(Reuters) - President Barack Obama, fresh from a win on a sweeping overhaul of Wall Street regulations, on Saturday urged Congress to take up his proposal for a $90 billion, 10-year tax on banks as the next step in reform.
Politics

Obama wants to slap a 0.15 percent tax on the liabilities of the biggest U.S. financial institutions to recoup the costs to taxpayers of the financial bailout.

"We need to impose a fee on the banks that were the biggest beneficiaries of taxpayer assistance at the height of our financial crisis -- so we can recover every dime of taxpayer money," Obama said in his weekly radio and Internet address.

because Barry knows of course that the banks won't be passing the cost of that tax right down to their customers "taxpayers"