Welcome to the United States of the Goldman Sachs

[sethnintendo]

Rath said:

Kasz216 said:

 

Why are you dividing it per American citizen?

I said divide it among the 3 million jobs created.

Because said jobs no doubt pay less.

Unless the average pay per job was $262,000.

 

My point isn't that the bill had no effect.  It's that for the amount of money spent... the effect was pitiful... and pointless and damaging in the longrun.

Also the FED using QE had nothing to do with the stimulus money to my knowledge.  The FED doesn't require congressional support.  So really, it's more like $500,000 per person.

They're planning yet another 500B of quantitive easing for november. 

Spending Trillions of dollars to save millions of jobs... is just a bad idea.

In this case you're the one who is looking short term. Keeping people in employement has long term effects on their employement. Also the stimulus wasn't only aimed at creating jobs - it had other positive effects on the economy as well.

Finally you're looking at the stimulus as a pure loss, which it isn't. Quite a proportion of the money will eventually find its way back into the governments coffers.

Just keep spending that money like it is worth something... Oh wait it isn't...