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Some have said that the stimulus hasn't saved any jobs,
but here is a case where at least one job was saved
Take for instance Oregon State University Athletic Director
Bob DeCarolis.
Now Mr. DeCarolis was considering firing their
Basketball Coach.......
Craig Robinson
after an 8-11 start (2-5) in the Pac 10 conference).
When word reached Washington ,
Undersecretary of Education Martha Kanterwas dispatched to Corvallis with $17 million in stimulus money for the university.
Thankfully,Craig Robinson's job was
saved for another year !
Now comes the interesting part of our story....
For those of you unfamiliar with
Coach Robinson,
he just so happens to be the brother in law
of none other than our country's President,
NOW YOU’RE CATCHING ON......
that's right he is the brother of Michelle Obama!
But hey, can't we all come to the conclusion
that Coach Robinson's job security was all just a coincidence?
I'm sure of it .... Aren't You?
Thank Goodness For The Stimulus!!!
But $17 million for one job?
he Federal Reserve just got back the last $47 billion of the money it had loaned to American International Group in 2008 under an $85 billion line of credit that was part of the desperate effort to keep the world’s largest insurer from going under. The central bank didn’t lose a dime on AIG and has said that nearly all the $3.3 trillion in loans it extended to keep the financial system from imploding has been repaid.
...
No one got the money for free. The banks, financial institutions and others paid interest rates well above the Fed’s low cost of funds, and with that spread the central bank was able to add $78.4 billion to the Treasury last year.
$78.4 billion. Sounds like quite a good return to me.
So far, have we see returns, on the massive investment of 3 trillion in added debt?
Even long term, there are no forecasted returns, on any of the added 3 trillion in added debt.
Just because 3 trillion was added to the debt it doesn't mean that it was invested. A lot of it was lost revenue, not additional spending. A lot of it was safety net payments and tax cuts. Necessary but I wouldn't call them "investment".
Also I'm not sure what "returns" you are expecting to see. For example we spent about 3 trillion on the war in Iraq - how would you measure the returns from that?
That is why they are not investments. You cannot invest in a bottomless pit. That is called insanity.
Trading punches, Taking a sucker punch, Kicking someones ass, or taking them out of the genepool, have different meanings in armed conflicts.
There is no reason to bare arms, unless the intent is total annihilation. You eliminate the problem, not wasting time and your nations blood & lives trying to reeducate the human mind, that they are wrong.
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