Another blog about the stimulus…
What else could we buy with the Stimulus Bill President Obama just signed?
- We could give every man, woman and child in the US (303,824,640 people) $2,590 each
- We could give each of our 138 million taxpayer $5,702 each
- We could pay for 5.3 Apollo moonshots
- We could buy 403.5 billion gallons of gas (AKA a 12 minute drive in a Hummer)
- We could buy 143.3 billion 6 packs of Bud Light
- We could build 56 Two-unit Nuclear Power plants
- We could construct 314.8 million wind generators
- We could pay the GDP of Micronesia 3,392 times
- We could pay the annual salary (approx. $1,700) of 462.9 million Indonesian sulfur miners
- We could put 7.8 million children through all 4 years at a private university
- We could put 29.8 million children through all 4 years at a public university
Just sayin….
This is why you’re not in control of the stimulus plan. The World can breathe a sigh of relief at that fact.
Hm, I can’t seem to see where I typed the stimulus plan was bad. It looks to me like I wrote a post about other things that kind of money could purchase. You see, this puts the money into perspective. But you go ahead and be a strong internet warrior defending The World from social commentary.
It just seems to me that giving money to the financial institutions who enabled this crunch in the first place is foolhardy. They’ve proven they’re irresponsible multiple times, starting with sub-prime lending and ending with using bail-out money for bonuses.
It seems like this stimulus will just create more imaginary money, in the form of credit, which will allow more Americans to get more in debt. What we dont need is more debt – we need real money that we can really spend back into the retail economy, not back to the credit vacuum.
Also, I’m glad at least he’s doing something other than bury his head in the sand or feed the corporate giants only. At least he’s doing something about foreclosures…
Yea, I’m all for the infrastructure spending (creating jobs and investing in the country), and the tax credits (money into people hands right now), but I don’t get how some of the other provisions are supposed to do anything for the economy. The purpose was to Stimulate, and while there are some really great projects and plans, they aren’t all going to stimulate the economy.
Overall, while I think this current plan is better than the previous TARP bill, and the auto-industry bailout (the same companies that are already planning to ask for even more mooney), I don’t think it’s going to pull us out of the recession.
The forclosure bill being proposed will probably do more for us than the one Obama just signed.
Just passing by.Btw, you website have great content!