What TARP money for jobs???

Damocles said:
Especially with temp jobs. People would not spend more than they earn if they are in a temp job and know it. In fact, they'll spend less and save what they can. Let's put them to work building the Nat Gas infrastructure for delivery for use in vehicles. That will take some time, and if the gov't owns the delivery structure they can make the oil companies pay for its usage... or we can give targeted tax breaks to get them to build them, even better.
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This is true, but my point was a little more simple to comprehend. If the government funds a payroll of say $100 million... then $100 million is how much the people getting the money can spend... no more than this, and as you point out, probably less. But the program cost the taxpayers $1 billion, so to get $100 million in consumer spending, it cost the government $900 million more. The first question is, how long will it take and how much will it cost, to generate enough economic prosperity to recover from this recession? Second question, how long can this be sustained? As soon as the money is gone and the temp jobs go away, the people can't spend what they don't have anymore, so the economic stimulation stops and we return to where we are now.


In Onzies World, the government spends $1 billion, and it reaps $50 billion in consumer spending, sparking instant economic prosperity and forever bringing us out of recession and paying off the national debt!
 
Dixie said:
I don't even know what the fuck you are talking about, moron! Our NET worth is NEGATIVE $12 TRILLION!
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Pretty sad, Dix. American net worth INCREASED $2.7 trillion in the last quarter.

I know that's inconvenient for your "argument," but it is what it is. You can't escape it.
 
Onceler said:
This is starting to remind me of Dixie's "what did a cerebral cortex evolve FROM" thread...
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please do not link me to that thread.... I have had an abundance of his idiocy of late and most certainly do not need another example.

The above 'our net worth is -12 trillion' is quite comical given his 'you don't know finance blah blah blah' earlier in the thread...
 
Superfreak said:
please do not link me to that thread.... I have had an abundance of his idiocy of late and most certainly do not need another example.

The above 'our net worth is -12 trillion' is quite comical given his 'you don't know finance blah blah blah' earlier in the thread...
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You're the fucking idiot here... your first clue should have been when you found yourself in agreement with Onzies!

Please explain to me how we figure our net worth, without considering our $12 trillion debt? Is that some kind of Democrat formula?
 
Dixie said:
You're the fucking idiot here... your first clue should have been when you found yourself in agreement with Onzies!

Please explain to me how we figure our net worth, without considering our $12 trillion debt? Is that some kind of Democrat formula?
Click to expand...

Poor demented little ditzie. I know exactly how to calculate net worth and I never... NOT ONCE... stated that calculating net worth didn't involve the debt.

I was CORRECTING A BRAIN DEAD MORON who stated

"Our NET worth is NEGATIVE $12 TRILLION!"

Our Net worth is NOT -$12trillion ditzie.

Which is why I corrected your ignorant comment.
 
Superfreak said:
and let the spinning begin.

Ditzie says "Our NET worth is NEGATIVE $12 TRILLION!"

Now ditzie wants to pretend he didn't really mean the above.
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Wow... Apparently you are able to see things posted that do not appear in HTML! That is amazing! When did you acquire such an ability?

I don't know what in the fuck you two idiots are yammering about... our net worth grew $2.7 trillion.... this is the stupidest thing I've seen posted in a while. Our net worth probably DECREASED $2.7 trillion in the past year! Everyone knows that America is currently $12 trillion in the RED! Net worth is what you "net" when you deduct what you owe from what you make. We OWE $12 trillion more than we've made... therefore, we can't be anything other than NEGATIVE net worth! It's not possible!

Can one of you idiots explain, because I think a lot of people will be shocked to find we don't have a national debt anymore, and actually have $2.7 trillion increase in our net worth!
 
Dixie said:
Wow... Apparently you are able to see things posted that do not appear in HTML! That is amazing! When did you acquire such an ability?

I don't know what in the fuck you two idiots are yammering about... our net worth grew $2.7 trillion.... this is the stupidest thing I've seen posted in a while. Our net worth probably DECREASED $2.7 trillion in the past year! Everyone knows that America is currently $12 trillion in the RED! Net worth is what you "net" when you deduct what you owe from what you make. We OWE $12 trillion more than we've made... therefore, we can't be anything other than NEGATIVE net worth! It's not possible!

Can one of you idiots explain, because I think a lot of people will be shocked to find we don't have a national debt anymore, and actually have $2.7 trillion increase in our net worth!
Click to expand...


It's pathetic how little you know & understand. Going forward, you should refrain from commenting on both economics AND evolution.

Here - read up:

http://www.foxbusiness.com/story/markets/economy/net-worth-households-rises-quarter/
 
Dixie - is it your contention that someone's home value or 401K can not really go up as long as the nation as a whole is in debt?
 
Superfreak said:
Poor demented little ditzie. I know exactly how to calculate net worth and I never... NOT ONCE... stated that calculating net worth didn't involve the debt.

I was CORRECTING A BRAIN DEAD MORON who stated

"Our NET worth is NEGATIVE $12 TRILLION!"

Our Net worth is NOT -$12trillion ditzie.

Which is why I corrected your ignorant comment.
Click to expand...

You haven't "corrected" anything, unless it was something I didn't post again! You're real fucking good at correcting shit I never said... that may be the case here... but I don't see where you have "corrected" anything, or where you are "correct" about anything.

The current national DEBT is $12 trillion... this is either TRUE or FALSE... If true, it is impossible that our net worth grew $2.7 trillion, because that is less than $12 trillion, which means we are still in debt, with NO gain in net worth! Are you trying to say the spend-happy Obama Admin has reduced the deficit by $2.7 trillion in the past year? Sorry, but that didn't happen either!
 
Onceler said:
It's pathetic how little you know & understand. Going forward, you should refrain from commenting on both economics AND evolution.

Here - read up:

http://www.foxbusiness.com/story/markets/economy/net-worth-households-rises-quarter/
Click to expand...

What's pathetic is Superfreak. Someone who actually thinks he has some level of knowledge and sense, yet spending all his time here, agreeing with brain-dead morons and idiots like you! It only serves to encourage you, to make you feel invincible, but you are still retarded. Such a cruel trick to play on someone, shame on Superfreak for that!
 
Dixie said:
Wow... Apparently you are able to see things posted that do not appear in HTML! That is amazing! When did you acquire such an ability?

I don't know what in the fuck you two idiots are yammering about... our net worth grew $2.7 trillion.... this is the stupidest thing I've seen posted in a while. Our net worth probably DECREASED $2.7 trillion in the past year! Everyone knows that America is currently $12 trillion in the RED! Net worth is what you "net" when you deduct what you owe from what you make. We OWE $12 trillion more than we've made... therefore, we can't be anything other than NEGATIVE net worth! It's not possible!

Can one of you idiots explain, because I think a lot of people will be shocked to find we don't have a national debt anymore, and actually have $2.7 trillion increase in our net worth!
Click to expand...

I can certainly try to explain it... but again... given your level of idiocy, I seriously doubt you will be able to comprehend....

I will take an example and simplify it as much as possible to give you a shot at comprehension...

If you had $100 in assets and $120 in liabilities (debt) your net worth would be -$20.

If your assets then went up in value by 20% and your debt went up by 10%... you would then have $120 in assets and liabilities of $132. Now your net worth is -$12. Even though your total liabilities went UP, SO DID YOUR NET WORTH.

NET WORTH IS ASSETS-LIABILITIES (not income-liabilities)

That said... Lorax was referring to the INCREASE in Net Worth of THE PEOPLE due to the increase in the market (you know... that increase that came from Obama supporters trying to make him look good)
 
Dixie said:
You haven't "corrected" anything, unless it was something I didn't post again! You're real fucking good at correcting shit I never said... that may be the case here... but I don't see where you have "corrected" anything, or where you are "correct" about anything.

The current national DEBT is $12 trillion... this is either TRUE or FALSE... If true, it is impossible that our net worth grew $2.7 trillion, because that is less than $12 trillion, which means we are still in debt, with NO gain in net worth! Are you trying to say the spend-happy Obama Admin has reduced the deficit by $2.7 trillion in the past year? Sorry, but that didn't happen either!
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ditzie...

Did you or did you not state our Net worth is -$12 trillion?

You did.

I corrected you. That number refers to our DEBT... NOT our net worth.

Our NET worth is ASSETS-LIABILITIES (debt)

To get our NET WORTH... you must subtract our debt from our ASSETS. Our country does have ASSETS ditzie.
 
Onceler said:
Dixie - is it your contention that someone's home value or 401K can not really go up as long as the nation as a whole is in debt?
Click to expand...

Ah... I see the problem here! We are talking about two DIFFERENT things! AMERICAN net worth did not increase, in fact it decreased...

The federal government's debt increased 20.6% in the third quarter, according to the report, the fifth double-digit increase in a row. The increase in part reflects higher spending by Washington to counter the financial meltdown and the ensuing severe recession.

What you are talking about is collective "household net worth" and that is completely different from "American" (signifying the government) net worth! Now there are a LOT of reasons household net worth rose... people filed bankruptcies and foreclosures came off the books... bad debts written off... etc. It's damn sure not because people are financially better off than a year ago!
 
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