Quote:
Originally Posted by Nikki_Licks
They could have dispersed that money to all Americans (in the beginning) and the economy would have prospered, but the corrupt government gave it to the corrupt companies ;)
Maybe we should stop worrying about 3rd world shit holes and keep our money at home.
After all, charity begins at home, not in some other country.
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US bailouts prevented 1930s-style Great Depression say economists
New study by economists Mark Zandi and Alan Blinder says US economic stimulus averted a worse downturn
To Washington conservatives they were egregious examples of "big government" overreach, but the White House's economic stimulus and bailout policies have saved 8.5m jobs and averted a further slump of 6.5% in US economic output, according to a study by two influential economists.
An in-depth modelling exercise by Moody's chief economist, Mark Zandi, and a Princeton University expert, Alan Blinder, paints a bleak scenario of a 1930s-style Great Depression if the US government had enacted none of its $1.7tn (£1.3tn) programmes to avert a financial meltdown.
Using historical statistical relationships and a focus on the government's impact on narrowing credit spreads, the pair found that the downturn would have continued into 2011, with unemployment peaking at 16.5% rather than last year's actual high of 10.1%.
They believe US gross domestic product would have slumped by 7.4% in 2009 and by 3.7% in 2010, producing a "peak to trough" decline of 12%, rather than the anticipated 4%. Starved of demand, shops and employers would be cutting prices and wages.
"With outright deflation in prices and wages in 2009 to 2011, this dark scenario constitutes a 1930s-like depression," says the study, entitled How the great recession was brought to an end".
Thwarting stiff opposition from Republicans in Congress, the Obama administration introduced an economic stimulus package of more than $780bn last year,
adding to giveaways of $170bn by the Bush administration in 2008 that included tax refunds to tens of millions of Americans. Adding in banking-bailout measures of $600bn and smaller programmes such as the "cash for clunkers" scheme and a rescue of insurer AIG, total commitments by the US government reach $1.7tn.
rest here
yep, that is THE solution .....
don't expect debate on this, no more then in this thread ..
http://gofuckyourself.com/showthread...=980158&page=2
Time for you to start another thread , free of facys and ready for more talking points...
As for your job calculation, you are to say the least simplistic ....
