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Posted by: chevydog 11 months, 1 week ago
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jk548911 months, 1 week ago
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Beau789011 months, 1 week ago
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I wouldn't say "most" of the stimulus plan has nothing to do with the crisis, though there's more that doesn't in the form of tax cuts (which we've already seen does not stimulate job creation) than I'd like.
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Propeller member flyonthewalzz (who always does excellent research) has provided this link on another thread, as to how the spending proposed breaks down:
http://pndblog.typepad.com/.a/6a00e0099631d0883301...
At first glance, it may seem like most of the spending doesn't create jobs, but when you look at all the little wedges in the bottom right quadrant of the pie chart, those would all create new industries with new jobs...and almost everything else (except the tax cuts) in the chart could stop layoffs in existing industries and even allow money to be spent on new positions in those industries. (Though it's not exactly clear from the chart if this money would be spent that way.)
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