Is this how it's gonna be?

Looks the stimulus package for “us” is going to be $789 Billion.

The one being kicked around for the Financial Industry is going to be $3 Trillion.

Just don’t seem right to me.

It’s the same ol’ Washington Ponzi game…

sigh Change? Yeah… right… double sigh

I read where something like 7 million is for a butterfly sanctuary in Florida, 5 million for a bike park in California, 6 million for a golf course someplace etc…

It’s the same ol’ CRAP. Obama is just doing what his “owners” tell him. It’s not hard to figure out what that’s about.

D

Economy rescue: Adding up the dollars
The government is engaged in an unprecedented - and expensive - effort to rescue the economy. Here are all the elements of the bailouts.

Date Bailout Allocated Spent
December 2007 Term Auction Facility
$2.1 trillion $2.1 trillion
February 2008 Economic Stimulus Act of 2008
$168 billion $168 billion
March 2008 Bear Stearns bailout
$29 billion $25.8 billion
March 2008 Discount window
n/a $93.4 billion1
May 2008 Student loan guarantees
$130 billion $9 billion
September 2008 Fannie Mae and Freddie Mac bailout
$200 billion $13.8 billion
September 2008 Foreign exchange dollar swaps
Unlimited $387.4 billion
October 2008 FHA housing rescue
$320 billion $20 billion +2
October 2008 Auto industry energy efficiency loans
$25 billion $0
October 2008
Troubled Asset Relief Program
$700 billion $296.2 billion
October 2008 Money market guarantees
$659 billion $15 billion
October 2008 Commercial Paper Funding Facility
$1.4 trillion $258.7 billion
November 2008 Unemployment benefit extensions
$8 billion $8 billion
November 2008 AIG
$152.5 billion3 $125.1 billion3
November 2008 Citigroup loan-loss backstop
$301 billion $0
November 2008 Term Asset-Backed Securities Loan Facility
$1 trillion $0
November 2008 GSE mortgage-backed securities purchases
$500 billion $7.4 billion
November 2008 GSE debt purchases
$100 billion $29.9 billion
November 2008 FDIC Temporary Liquidity Guarantee Program
$1.5 trillion $258 billion
2008 FDIC bank takeovers
n/a $16.7 billion
January 2009 Bank of America loan-loss backstop
$118 billion $0
January 2009 Credit Union deposit insurance guarantees
$80 billion $0
January 2009 U.S. Central Federal Credit Union capital injection
$1 billion $0
2009 FDIC bank takeovers
n/a $920.1 million
Total: $10 trillion $3.8 trillion

Nothing like the tried and true

How about a few Merrill Lynch bonuses to use as a little trickle down stimuli for us? True and proven techniques. :laugh:

We sell Earth to the highest bidder- bids start at 300 trillion.

Quote: (Poppa Willis @ Feb. 11 2009, 1:00 PM)

Looks the stimulus package for "us" is going to be $789 Billion.

The one being kicked around for the Financial Industry is going to be $3 Trillion.

Just don't seem right to me.

And half of that is not for "us" anyway.

Still - think how bad things would be if we didn't have a Keynesian in office.

What’s a henway…er Keynesian?

Give me a dollar.

:laugh: ain't circles fun.
Quote:

Still - think how bad things would be if we didn't have a Keynesian in office.


I know he spent time in Keynesas with his grandparents, but I think he's Hawaiian.
:laugh: :agree:


he's gonna make me look it up ain't he...............

Well were on our way -
On C-SPAN today today was this eye-opener.
paraphrase
We’ll have borrowed more money with the TARP and STIMULUS than
all the money we have borrowed in the last 200 years combined.
Creditors are 1-Chinese 2-Japanese 3-Great Britain

---------

This really is the American Dream

Happy bicentennial Abe.

Well I figured out in 15 years of owning a convenience store that the world’s businesses ran on 2 things, debt and fear. So we might be actually putting ourselves in a good place. Lot’s of debt and fear that we can’t pay it. I always treat people better when they owe me money! :agree:

Quote: (DEAD CERTAIN @ Feb. 11 2009, 1:07 PM)

*sigh* Change? Yeah... right... *double sigh*

What's the alternative?
Quote:

I always treat people better when they owe me money!

Then we should be treated like royalty.

This calls for a celebration.
This is a milestone. We may never see debt like this again in out life time. :)

Can anyone take a stab at what the Interest Rate will be set at?

Bill…

Quote: (Bubbagump @ Feb. 12 2009, 1:35 PM)

Quote: (DEAD CERTAIN @ Feb. 11 2009, 1:07 PM)

*sigh* Change? Yeah... right... *double sigh*

What's the alternative?

There isn't one.

D