i.justrealized

Rachel Maddow explains why to save the economy is to spend money and not to provide tax cuts and so on. Rachel Maddow Show – “…get out of the way of people who are actually trying to save the country.”

Rachel Maddow Show – “…get out of the way of people who are actually trying to save the country.”

• $1.00 in non-refundable tax rebates results in $1.02 of economic activity
• $1.00 in infrastructure spending results in $1.59 of economic activity
• $1.00 in food stamp spending results in $1.73 of economic activity.

USA dropped a stimulus package that is worth some 800 billion. Now I’m actually wondering what’s “bullpucky”, turns out it is a more polite way to say “bullshit”. Hmm… Then don’t say it! It ruins the whole point of using the word “bullshit”, if you can’t say it, don’t.

Possibly related:

1. Porn industry wants a US$5b bailout
2. Man who predicted USSR collapse unconfident of US
3. Confidence drops for insurers Aviva and Prudential
4. Bank of America asks for more bailout after buying Merrill Lynch

This entry was posted on Sunday, February 8th, 2009 at 2:49 pm and has been tagged bailout, economy, government, policy, rachel maddow, stimulus, usa. Comments RSS feed.