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While we would all love the recession to be over, it isn't. And while we would love (well, at least some of us) to see the stimulus money have a real and lasting effect on everything it touches, it doesn't.
The Obama administration claimed this week that $100 billion invested in innovative technologies under the economic stimulus law is "transforming the American economy" by putting the nation on track for technological breakthroughs in health care, energy and transportation.
But an examination of details in the 50-page report unveiled Tuesday by Vice President Joe Biden reveals something a bit different: a collection of rosy projections that ignore many of the challenges, pitfalls and economic realities in all those areas.
A look at how the administration's claims compare to the facts:
You can't have planned economies in a republic/democratic government. The resulting bills are overloaded with inefficiencies based on conflicting desires and outcomes. Either you have to go full fledged central economy like Russia or China, or have a more laissez-faire system. This course will result in forcing us to deviate into one of these two different roads.
You can't have planned economies in a republic/democratic government. The resulting bills are overloaded with inefficiencies based on conflicting desires and outcomes. Either you have to go full fledged central economy like Russia or China, or have a more laissez-faire system. This course will result in forcing us to deviate into one of these two different roads.
One recent positive from stimulus money is the 500 teachers put back to work in Broward County, FL. There are positives, but in the big picture, no so much.
One recent positive from stimulus money is the 500 teachers put back to work in Broward County, FL. There are positives, but in the big picture, no so much.
From a stimulus standpoint, teachers' jobs are among the least "stimulative". A big chunk of the cash needed to employ a teacher goes to exorbitant retirement benefits.
While we would all love the recession to be over, it isn't. And while we would love (well, at least some of us) to see the stimulus money have a real and lasting effect on everything it touches, it doesn't.
The Obama administration claimed this week that $100 billion invested in innovative technologies under the economic stimulus law is "transforming the American economy" by putting the nation on track for technological breakthroughs in health care, energy and transportation.
But an examination of details in the 50-page report unveiled Tuesday by Vice President Joe Biden reveals something a bit different: a collection of rosy projections that ignore many of the challenges, pitfalls and economic realities in all those areas.
A look at how the administration's claims compare to the facts:
3.3 milion jobs have been saved thanks to the stimulus according to CBO.
Healthcare...we got Obamacare now..mandated min policies or face the wrath of a "tax" Energy.....no more deep water drilling Transportation....we took over a bankrupt car mfg and bailed out its union and now our President gets to pick and choose who gets to play CEO for Government Motors
One recent positive from stimulus money is the 500 teachers put back to work in Broward County, FL. There are positives, but in the big picture, no so much.
Actually a bill was recently signed that put thousand of teachers and state workers back to work around the country.
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