Comments on: There Are No Jobs Because There Is No Stimulus Spending http://strata-sphere.com/blog/index.php/archives/9489 High Flying Political Debate Fri, 10 Feb 2012 03:49:22 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Neo http://strata-sphere.com/blog/index.php/archives/9489/comment-page-1#comment-468278 Neo Mon, 15 Jun 2009 16:33:48 +0000 http://strata-sphere.com/blog/?p=9489#comment-468278 The missing piece to this puzzle is why did they construct a "stimulus" that has the outlays occurring so far into the future ?? Did they know that the market for Treasuries was so weak that trying to auction so many so early would trigger a self-defeating shift in the yield curve ? If so, the only part of the "stimulus" that might stimulate is the psychological portion and nothing more. This might explain why it was just a vehicle for political payoffs. But early in the process there was a flight to anything with a yield so it could have been done. The missing piece to this puzzle is why did they construct a “stimulus” that has the outlays occurring so far into the future ??

Did they know that the market for Treasuries was so weak that trying to auction so many so early would trigger a self-defeating shift in the yield curve ? If so, the only part of the “stimulus” that might stimulate is the psychological portion and nothing more. This might explain why it was just a vehicle for political payoffs. But early in the process there was a flight to anything with a yield so it could have been done.

]]> By: kathie http://strata-sphere.com/blog/index.php/archives/9489/comment-page-1#comment-468135 kathie Mon, 15 Jun 2009 13:36:30 +0000 http://strata-sphere.com/blog/?p=9489#comment-468135 My understanding is that any jobs created by the stimulus would have to be taken over by the states as Federal funds would no longer be available. If we have a jobless recovery, how will that work? So if 150,000 jobs were saved because of the stimulus, police, fire fighters and other government jobs, for those jobs to be really saved, state budgets would have to do alot better to actually save them on a permeant basis. So really the whole thing is really a gimmick. My understanding is that any jobs created by the stimulus would have to be taken over by the states as Federal funds would no longer be available. If we have a jobless recovery, how will that work? So if 150,000 jobs were saved because of the stimulus, police, fire fighters and other government jobs, for those jobs to be really saved, state budgets would have to do alot better to actually save them on a permeant basis. So really the whole thing is really a gimmick.

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