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Talking to the father of one of my daughter's friends last night, who's a bridge builder and worried about the LARGE company he works for going under. Apparently they sent each employee a letter which talked about the effects of the Obama Stimulus package now under debate. All of the proposed construction projects in the package are going to be open for bid to unionized companies only. So now they are looking at either mass layoffs or unionizing their entire workforce.
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I'm depressed because they took out the 20 billion they had set aside for new school construction.Thats money right out of my pocket.
See You In Toledo
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The best way to stimulate the economy is to print money and spend it feverishly!
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Under the terms of the deal, laid-off workers are eligible for as much as 33 weeks of extended unemployment benefits, including a $25 increase in weekly benefits.
There’s also a 13 percent increase in money for food stamp programs, $4 billion for more job training, $2 billion to help communities buy and restore foreclosed properties, and $1.5 billion in short-term rental assistance for families who’ve lost their homes.
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laid-off workers aren't the same as poor people
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Bill Wrote:If this were true there would be little to no poor in the middle east which means they could pay us for their so-called freedom which would offset the 1 billion a month it costs us to be over there.
On the plus side, soldiers are getting paid out of that billion.
Jimmy - The old Hardcore Standard. :clap:
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Negatory James.We already budget the cost of paying soldiers in the yearly budget.The billion is on top of that.
Edit:I forgot about combat pay.Thats probably apart of that billion.
See You In Toledo
(This post was last modified: 02-13-2009, 06:57 PM by
BIRD33.)
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as for the stimulus thing it's a rough at bat for Obama. He'll be lambasted if passes it, and filleted if he sits back and does nothing. I personally didn't believe in the TARP bill. I think the economy would have taken a tremendous hit but would have came out sunny on the other side in a rather short amount of time. Now I feel like Obama has to get this stimulus thing through just to keep thing limping along long enough for things to go through their natural correction. Historically speaking though I equate this stimulus to Roosevelt's new deal, which by many economist accounts may have actually contributed to lengthening the great depression.
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Yeah you guys are right. I'm sure those hungry kids are going to see the increase in food in their house.
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