If you get mad easily about Big Government wasting stimulus money…don’t read this…

[joec]

[quote=gandalf][quote=investor]With your ideals, I agree. The problem is how to incentivise the government workers/ system. If you could make government efficient, the UAW (whom I lump together with government, which you may not agree with) would put out competitive cars wouldn’t they?[/quote]

The ideals are correct but the criticisms here are cliche and misplaced.

Government can, and frequently does, serve a useful purpose. It is not ‘inherently’ bad or wasteful. Governmental organizations are the same as any other organization, a reflection of the people involved.

Let’s be clear. Inefficiency and waste occurs all the time in the private sector. So does collusion, corruption, business failure, bubbles, panics and even market failure. Tremendous inefficiencies.

Look at our INSOLVENT private sector banking industry which, absent meaningful government regulation, gambled away massive amounts of private deposits on ludicrous financial leverage schemes and nearly destroyed our economy.

Yeah, government is the problem. Heard it before. Whatever.[/quote]

A lot of hate is directed towards the government because the government collects your tax dollars…

People don’t care if other private companies waste money or pay out big bonuses if they don’t feel they are funding that lifestyle or paying the bill…

Same reason people are annoyed with government bailing out homeowners who ATMed their house.

[CDMA ENG]

My mother is a hiring clerk at a school district in one of more depressed areas of the country. They just recieved 54 million dollars in stimulus with the provision that the money ONLY be spent to hire new workers and only for the minimuim required hours to count as a full time employee. If you are a current employee working less than full time that money can not be used to bring you to full time status.

All the money is to be spent this year. There is no money coming to retain those new hires past one year.

You can make your own assumptions here about the goverment and its reason for stimulus money…

Personally it makes me made… but for those who are working that one year I am sure it is a god-send.

CE

[CDMA ENG]

My mother is a hiring clerk at a school district in one of more depressed areas of the country. They just recieved 54 million dollars in stimulus with the provision that the money ONLY be spent to hire new workers and only for the minimuim required hours to count as a full time employee. If you are a current employee working less than full time that money can not be used to bring you to full time status.

All the money is to be spent this year. There is no money coming to retain those new hires past one year.

You can make your own assumptions here about the goverment and its reason for stimulus money…

Personally it makes me made… but for those who are working that one year I am sure it is a god-send.

CE

[CDMA ENG]

My mother is a hiring clerk at a school district in one of more depressed areas of the country. They just recieved 54 million dollars in stimulus with the provision that the money ONLY be spent to hire new workers and only for the minimuim required hours to count as a full time employee. If you are a current employee working less than full time that money can not be used to bring you to full time status.

All the money is to be spent this year. There is no money coming to retain those new hires past one year.

You can make your own assumptions here about the goverment and its reason for stimulus money…

Personally it makes me made… but for those who are working that one year I am sure it is a god-send.

CE

[CDMA ENG]

My mother is a hiring clerk at a school district in one of more depressed areas of the country. They just recieved 54 million dollars in stimulus with the provision that the money ONLY be spent to hire new workers and only for the minimuim required hours to count as a full time employee. If you are a current employee working less than full time that money can not be used to bring you to full time status.

All the money is to be spent this year. There is no money coming to retain those new hires past one year.

You can make your own assumptions here about the goverment and its reason for stimulus money…

Personally it makes me made… but for those who are working that one year I am sure it is a god-send.

CE

[CDMA ENG]

My mother is a hiring clerk at a school district in one of more depressed areas of the country. They just recieved 54 million dollars in stimulus with the provision that the money ONLY be spent to hire new workers and only for the minimuim required hours to count as a full time employee. If you are a current employee working less than full time that money can not be used to bring you to full time status.

All the money is to be spent this year. There is no money coming to retain those new hires past one year.

You can make your own assumptions here about the goverment and its reason for stimulus money…

Personally it makes me made… but for those who are working that one year I am sure it is a god-send.

CE

[Coronita]

[quote=CDMA ENG]My mother is a hiring clerk at a school district in one of more depressed areas of the country. They just recieved 54 million dollars in stimulus with the provision that the money ONLY be spent to hire new workers and only for the minimuim required hours to count as a full time employee. If you are a current employee working less than full time that money can not be used to bring you to full time status.

All the money is to be spent this year. There is no money coming to retain those new hires past one year.

You can make your own assumptions here about the goverment and its reason for stimulus money…

Personally it makes me made… but for those who are working that one year I am sure it is a god-send.

CE[/quote]

The real sad part is once this stimulus is gone, we’re not going to be in any better shape from an economy/unemployment standpoint.

The issue with the ways these stimulus is being spent is they are short term, short sighted “fillers” to temporarily create jobs. These temporary jobs aren’t going to continue and the same people that benefited from them temporarily are going to find themselves back at square one.. It’s not creating something that is sustaining or something that can be carried into the future, something like spending on job training or retraining would be able to do.

After the money is spent, we’re going to be in no better shape, and the same people that couldn’t find work before these temp jobs were created are still not going to be able to find work after the temp jobs are done. Systematic failure, and it’s sad because the gap between skilled and unskilled people is going to grow even larger….

The way the stimulus is being spent is similar to how many households spend an unexpected bonus/windfall. Rather than taking that windfall and reinvesting in something that could make it grow, they spend it on something bling/temporary, and when it’s all said and done, what’s left is a poorer household….

These stimulus should have been applied to folks who were seeking retraining/schooling but otherwise couldn’t afford it. What a unbelievable waste.

Wait until the orgies stop, and we’ll see how much better things really are. Private sector tech/medical/legal/finance probably will be fine probably, though running leaner. Labor related is going to bite bigtime.

[Coronita]

[quote=CDMA ENG]My mother is a hiring clerk at a school district in one of more depressed areas of the country. They just recieved 54 million dollars in stimulus with the provision that the money ONLY be spent to hire new workers and only for the minimuim required hours to count as a full time employee. If you are a current employee working less than full time that money can not be used to bring you to full time status.

All the money is to be spent this year. There is no money coming to retain those new hires past one year.

You can make your own assumptions here about the goverment and its reason for stimulus money…

Personally it makes me made… but for those who are working that one year I am sure it is a god-send.

CE[/quote]

The real sad part is once this stimulus is gone, we’re not going to be in any better shape from an economy/unemployment standpoint.

The issue with the ways these stimulus is being spent is they are short term, short sighted “fillers” to temporarily create jobs. These temporary jobs aren’t going to continue and the same people that benefited from them temporarily are going to find themselves back at square one.. It’s not creating something that is sustaining or something that can be carried into the future, something like spending on job training or retraining would be able to do.

After the money is spent, we’re going to be in no better shape, and the same people that couldn’t find work before these temp jobs were created are still not going to be able to find work after the temp jobs are done. Systematic failure, and it’s sad because the gap between skilled and unskilled people is going to grow even larger….

The way the stimulus is being spent is similar to how many households spend an unexpected bonus/windfall. Rather than taking that windfall and reinvesting in something that could make it grow, they spend it on something bling/temporary, and when it’s all said and done, what’s left is a poorer household….

These stimulus should have been applied to folks who were seeking retraining/schooling but otherwise couldn’t afford it. What a unbelievable waste.

Wait until the orgies stop, and we’ll see how much better things really are. Private sector tech/medical/legal/finance probably will be fine probably, though running leaner. Labor related is going to bite bigtime.

[Coronita]

[quote=CDMA ENG]My mother is a hiring clerk at a school district in one of more depressed areas of the country. They just recieved 54 million dollars in stimulus with the provision that the money ONLY be spent to hire new workers and only for the minimuim required hours to count as a full time employee. If you are a current employee working less than full time that money can not be used to bring you to full time status.

All the money is to be spent this year. There is no money coming to retain those new hires past one year.

You can make your own assumptions here about the goverment and its reason for stimulus money…

Personally it makes me made… but for those who are working that one year I am sure it is a god-send.

CE[/quote]

The real sad part is once this stimulus is gone, we’re not going to be in any better shape from an economy/unemployment standpoint.

The issue with the ways these stimulus is being spent is they are short term, short sighted “fillers” to temporarily create jobs. These temporary jobs aren’t going to continue and the same people that benefited from them temporarily are going to find themselves back at square one.. It’s not creating something that is sustaining or something that can be carried into the future, something like spending on job training or retraining would be able to do.

After the money is spent, we’re going to be in no better shape, and the same people that couldn’t find work before these temp jobs were created are still not going to be able to find work after the temp jobs are done. Systematic failure, and it’s sad because the gap between skilled and unskilled people is going to grow even larger….

The way the stimulus is being spent is similar to how many households spend an unexpected bonus/windfall. Rather than taking that windfall and reinvesting in something that could make it grow, they spend it on something bling/temporary, and when it’s all said and done, what’s left is a poorer household….

These stimulus should have been applied to folks who were seeking retraining/schooling but otherwise couldn’t afford it. What a unbelievable waste.

Wait until the orgies stop, and we’ll see how much better things really are. Private sector tech/medical/legal/finance probably will be fine probably, though running leaner. Labor related is going to bite bigtime.

[Coronita]

[quote=CDMA ENG]My mother is a hiring clerk at a school district in one of more depressed areas of the country. They just recieved 54 million dollars in stimulus with the provision that the money ONLY be spent to hire new workers and only for the minimuim required hours to count as a full time employee. If you are a current employee working less than full time that money can not be used to bring you to full time status.

All the money is to be spent this year. There is no money coming to retain those new hires past one year.

You can make your own assumptions here about the goverment and its reason for stimulus money…

Personally it makes me made… but for those who are working that one year I am sure it is a god-send.

CE[/quote]

The real sad part is once this stimulus is gone, we’re not going to be in any better shape from an economy/unemployment standpoint.

The issue with the ways these stimulus is being spent is they are short term, short sighted “fillers” to temporarily create jobs. These temporary jobs aren’t going to continue and the same people that benefited from them temporarily are going to find themselves back at square one.. It’s not creating something that is sustaining or something that can be carried into the future, something like spending on job training or retraining would be able to do.

After the money is spent, we’re going to be in no better shape, and the same people that couldn’t find work before these temp jobs were created are still not going to be able to find work after the temp jobs are done. Systematic failure, and it’s sad because the gap between skilled and unskilled people is going to grow even larger….

The way the stimulus is being spent is similar to how many households spend an unexpected bonus/windfall. Rather than taking that windfall and reinvesting in something that could make it grow, they spend it on something bling/temporary, and when it’s all said and done, what’s left is a poorer household….

These stimulus should have been applied to folks who were seeking retraining/schooling but otherwise couldn’t afford it. What a unbelievable waste.

Wait until the orgies stop, and we’ll see how much better things really are. Private sector tech/medical/legal/finance probably will be fine probably, though running leaner. Labor related is going to bite bigtime.

[Coronita]

[quote=CDMA ENG]My mother is a hiring clerk at a school district in one of more depressed areas of the country. They just recieved 54 million dollars in stimulus with the provision that the money ONLY be spent to hire new workers and only for the minimuim required hours to count as a full time employee. If you are a current employee working less than full time that money can not be used to bring you to full time status.

All the money is to be spent this year. There is no money coming to retain those new hires past one year.

You can make your own assumptions here about the goverment and its reason for stimulus money…

Personally it makes me made… but for those who are working that one year I am sure it is a god-send.

CE[/quote]

The real sad part is once this stimulus is gone, we’re not going to be in any better shape from an economy/unemployment standpoint.

The issue with the ways these stimulus is being spent is they are short term, short sighted “fillers” to temporarily create jobs. These temporary jobs aren’t going to continue and the same people that benefited from them temporarily are going to find themselves back at square one.. It’s not creating something that is sustaining or something that can be carried into the future, something like spending on job training or retraining would be able to do.

After the money is spent, we’re going to be in no better shape, and the same people that couldn’t find work before these temp jobs were created are still not going to be able to find work after the temp jobs are done. Systematic failure, and it’s sad because the gap between skilled and unskilled people is going to grow even larger….

The way the stimulus is being spent is similar to how many households spend an unexpected bonus/windfall. Rather than taking that windfall and reinvesting in something that could make it grow, they spend it on something bling/temporary, and when it’s all said and done, what’s left is a poorer household….

These stimulus should have been applied to folks who were seeking retraining/schooling but otherwise couldn’t afford it. What a unbelievable waste.

Wait until the orgies stop, and we’ll see how much better things really are. Private sector tech/medical/legal/finance probably will be fine probably, though running leaner. Labor related is going to bite bigtime.

[gandalf]

[quote=joec]Same reason people are annoyed with government bailing out homeowners who ATMed their house.[/quote]

Once again, off-target. The main recipient of fiscal and monetary bailout efforts wasn’t “Joe Homeowner”. Mortgage issues are a fraction of the problem. The total sum value of EVERY house in America is only about $20T.

Total wealth LOST by “Wall Street”? More than $200 TRILLION.

The main recipient of the bailout was “Wall Street” and the insolvent banking industry. The money went to PRIVATE financial services corporations. We have a PRIVATE financial services industry. Banks are not government. Banks are not Joe Homeowner.

So why did we bail out private sector banks, and ‘socialize’ the losses?

Banks are not some corporation making widgets in a factory. They are special because they HOLD OUR MONEY. The GOP and Clinton-era Dems deregulated the financial industry and the banks proceeded to gamble OUR MONEY away on bullshit financial leverage schemes. The bailout was necessary because the banks LOST OUR MONEY. Many of them were completely insolvent.

And too big to fail. We have a fractional reserve banking system. Loss of confidence in the banks leads DIRECTLY to bank runs, and bank runs on Chase, Citi, BofA, etc. would have caused a complex interdependent world economy to literally collapse overnight.

Mad about the Bailout? Blame BANKS and “Wall Street”. Enough of this Reagan-era “Government is bad” meme. The U.S. government very literally saved our ass. I don’t like the ‘bailout’ either, but I’m grateful the dollar has been strong enough to ward off the next Great Depression.

Anybody want to see a real Great Depression? Trip to Ralph’s, nothing on the shelves? Anybody have families? Careers? Businesses? Bank accounts? Retirement savings? Poof! Up in smoke… That was the scenario we were facing two years ago. That is the reason why there is a “Bailout”.

Unlike many of the right-wingers (and real estate gamblers) on this board, I am a conservative. I don’t like BUBBLES. I value stability in our economic and social systems. I also believe government (and the GOP) should mind its own business on the “Terry Schiavo” social issues of the day.

The tremendous irony is that by opting for stability, Obama has pursued a ‘Conservative’ agenda, while the raging-idiot “Tea Party” plays the puppet to the corporate interests that caused this mess.

[gandalf]

[quote=joec]Same reason people are annoyed with government bailing out homeowners who ATMed their house.[/quote]

Once again, off-target. The main recipient of fiscal and monetary bailout efforts wasn’t “Joe Homeowner”. Mortgage issues are a fraction of the problem. The total sum value of EVERY house in America is only about $20T.

Total wealth LOST by “Wall Street”? More than $200 TRILLION.

The main recipient of the bailout was “Wall Street” and the insolvent banking industry. The money went to PRIVATE financial services corporations. We have a PRIVATE financial services industry. Banks are not government. Banks are not Joe Homeowner.

So why did we bail out private sector banks, and ‘socialize’ the losses?

Banks are not some corporation making widgets in a factory. They are special because they HOLD OUR MONEY. The GOP and Clinton-era Dems deregulated the financial industry and the banks proceeded to gamble OUR MONEY away on bullshit financial leverage schemes. The bailout was necessary because the banks LOST OUR MONEY. Many of them were completely insolvent.

And too big to fail. We have a fractional reserve banking system. Loss of confidence in the banks leads DIRECTLY to bank runs, and bank runs on Chase, Citi, BofA, etc. would have caused a complex interdependent world economy to literally collapse overnight.

Mad about the Bailout? Blame BANKS and “Wall Street”. Enough of this Reagan-era “Government is bad” meme. The U.S. government very literally saved our ass. I don’t like the ‘bailout’ either, but I’m grateful the dollar has been strong enough to ward off the next Great Depression.

Anybody want to see a real Great Depression? Trip to Ralph’s, nothing on the shelves? Anybody have families? Careers? Businesses? Bank accounts? Retirement savings? Poof! Up in smoke… That was the scenario we were facing two years ago. That is the reason why there is a “Bailout”.

Unlike many of the right-wingers (and real estate gamblers) on this board, I am a conservative. I don’t like BUBBLES. I value stability in our economic and social systems. I also believe government (and the GOP) should mind its own business on the “Terry Schiavo” social issues of the day.

The tremendous irony is that by opting for stability, Obama has pursued a ‘Conservative’ agenda, while the raging-idiot “Tea Party” plays the puppet to the corporate interests that caused this mess.

[gandalf]

[quote=joec]Same reason people are annoyed with government bailing out homeowners who ATMed their house.[/quote]

Once again, off-target. The main recipient of fiscal and monetary bailout efforts wasn’t “Joe Homeowner”. Mortgage issues are a fraction of the problem. The total sum value of EVERY house in America is only about $20T.

Total wealth LOST by “Wall Street”? More than $200 TRILLION.

The main recipient of the bailout was “Wall Street” and the insolvent banking industry. The money went to PRIVATE financial services corporations. We have a PRIVATE financial services industry. Banks are not government. Banks are not Joe Homeowner.

So why did we bail out private sector banks, and ‘socialize’ the losses?

Banks are not some corporation making widgets in a factory. They are special because they HOLD OUR MONEY. The GOP and Clinton-era Dems deregulated the financial industry and the banks proceeded to gamble OUR MONEY away on bullshit financial leverage schemes. The bailout was necessary because the banks LOST OUR MONEY. Many of them were completely insolvent.

And too big to fail. We have a fractional reserve banking system. Loss of confidence in the banks leads DIRECTLY to bank runs, and bank runs on Chase, Citi, BofA, etc. would have caused a complex interdependent world economy to literally collapse overnight.

Mad about the Bailout? Blame BANKS and “Wall Street”. Enough of this Reagan-era “Government is bad” meme. The U.S. government very literally saved our ass. I don’t like the ‘bailout’ either, but I’m grateful the dollar has been strong enough to ward off the next Great Depression.

Anybody want to see a real Great Depression? Trip to Ralph’s, nothing on the shelves? Anybody have families? Careers? Businesses? Bank accounts? Retirement savings? Poof! Up in smoke… That was the scenario we were facing two years ago. That is the reason why there is a “Bailout”.

Unlike many of the right-wingers (and real estate gamblers) on this board, I am a conservative. I don’t like BUBBLES. I value stability in our economic and social systems. I also believe government (and the GOP) should mind its own business on the “Terry Schiavo” social issues of the day.

The tremendous irony is that by opting for stability, Obama has pursued a ‘Conservative’ agenda, while the raging-idiot “Tea Party” plays the puppet to the corporate interests that caused this mess.

[gandalf]

[quote=joec]Same reason people are annoyed with government bailing out homeowners who ATMed their house.[/quote]

Once again, off-target. The main recipient of fiscal and monetary bailout efforts wasn’t “Joe Homeowner”. Mortgage issues are a fraction of the problem. The total sum value of EVERY house in America is only about $20T.

Total wealth LOST by “Wall Street”? More than $200 TRILLION.

The main recipient of the bailout was “Wall Street” and the insolvent banking industry. The money went to PRIVATE financial services corporations. We have a PRIVATE financial services industry. Banks are not government. Banks are not Joe Homeowner.

So why did we bail out private sector banks, and ‘socialize’ the losses?

Banks are not some corporation making widgets in a factory. They are special because they HOLD OUR MONEY. The GOP and Clinton-era Dems deregulated the financial industry and the banks proceeded to gamble OUR MONEY away on bullshit financial leverage schemes. The bailout was necessary because the banks LOST OUR MONEY. Many of them were completely insolvent.

And too big to fail. We have a fractional reserve banking system. Loss of confidence in the banks leads DIRECTLY to bank runs, and bank runs on Chase, Citi, BofA, etc. would have caused a complex interdependent world economy to literally collapse overnight.

Mad about the Bailout? Blame BANKS and “Wall Street”. Enough of this Reagan-era “Government is bad” meme. The U.S. government very literally saved our ass. I don’t like the ‘bailout’ either, but I’m grateful the dollar has been strong enough to ward off the next Great Depression.

Anybody want to see a real Great Depression? Trip to Ralph’s, nothing on the shelves? Anybody have families? Careers? Businesses? Bank accounts? Retirement savings? Poof! Up in smoke… That was the scenario we were facing two years ago. That is the reason why there is a “Bailout”.

Unlike many of the right-wingers (and real estate gamblers) on this board, I am a conservative. I don’t like BUBBLES. I value stability in our economic and social systems. I also believe government (and the GOP) should mind its own business on the “Terry Schiavo” social issues of the day.

The tremendous irony is that by opting for stability, Obama has pursued a ‘Conservative’ agenda, while the raging-idiot “Tea Party” plays the puppet to the corporate interests that caused this mess.

[Author]

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