Thursday, July 15, 2010

Day 87, 07.14.10

Peter Pan plugged the damn hole today, well that's an exaggeration of facts, but the WH violates this premise with impunity. For example: the WH says the stimulus packages has saved or created 3 M jobs. Reality says 2.5 M jobs were lost since the stimulus packages were initated, and forget the jobs saved, since its impossible to quantify. This week over 400,000 new unemployment applicants filed for the first time; sure sounds like recovery is just around the corner. Some $20 M of stimulus money was expended on signs advertizing 'this work was being done because of the stimulus money' (yep, your tax dollars are being spent wisely.')
Oh my god, the New Banking Reform Bill was passed and sets a the new standard for volumne 2,350 pages at the same time. This should screw thing up royally and speed up economic recovery, like a lead weight. By the way I don't believe Freddie Mack or Fanney Mae, the root cause of the past finanical meltdown are included. When is election day?

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