M
mrhtbd
Guest
"The United States plans to spend heavily to try and lift its economy out of recession with a $787 billion economic stimulus plan of tax rebates, health and welfare benefits, as well as extra energy and infrastructure spending.
To encourage banks to lend again, the government will also pump $1 trillion into the financial system by buying up treasury bonds and mortgage securities in an effort to clear some of the "toxic assets" ? devalued and untradeable assets ? from banks' balance sheets."
OK how's my math"
700 billion stimulus passed in 2008
787 billion passed in 2009
410 omnibus spending bill
plus 1 trillion more "just for measure"
what's that:2,897,000,000,000
And how many jobs were created?
To encourage banks to lend again, the government will also pump $1 trillion into the financial system by buying up treasury bonds and mortgage securities in an effort to clear some of the "toxic assets" ? devalued and untradeable assets ? from banks' balance sheets."
OK how's my math"
700 billion stimulus passed in 2008
787 billion passed in 2009
410 omnibus spending bill
plus 1 trillion more "just for measure"
what's that:2,897,000,000,000
And how many jobs were created?
