Yet another BO promise broken (Page 2)

800 BILLION DOLLARS!  I do think there will be some job creation with the pork stimulus bill.  Especially with the construction and infrastructure.  A wet dream for a lot of engineering firms!  BUt what's up with 650 mil for the analog to digital converter box?  Wouldn't this be best left to the private sector.  Some other questionable ones as well.  I need to look at this again when I am home.  Thanks for posting.

Someone has to write all of those checks and put those stamps on the envelopes!  So you are wrong.  :P  At least 1 job.

Actually, I think that jobs can be created with this spending.  But like giving the banks money was suppose to make then lend..there was nothing that forced them to.  They just kept it and used it for other purposes.

1) Other than the constrution industry what job are truely being stimulated. 

2) What happens when we go back to the pre-stimulus levels of demand for Constructon projects?

The Gov't grow nothing but debt and beaurocracy. 

OK, found this on the EITC:

What is it?
The EITC is a Federal tax credit program for working families with a limited income. The EITC is a way for people who work but don't earn a high income to pay less federal tax.

What do I get?
You can get cash back from the government as part of your yearly tax return. In 2007, a family with two or more children can get up to $4,716 back from the federal government and a family with one child can get up to $2,853 from the EITC. A single person or childless couple can get up to $428. Every year, the maximum credit available for each family size will rise slightly.

The EITC is fully refundable, which means that you can get more money back from the federal government than you actually paid in taxes throughout the year. For example, let's say you have two children and are eligible for the full credit ($4,716). Even if you paid less than $4,716 in Federal taxes throughout the year, you can still get the full $4,716 refunded to you.

So you can get more back than you paid in. 

I have to agree with Wollf 27 when he said this;  If you get 100% of your federal income tax back and then more money it is nothing other than welfare.  No matter all the fancy titles - getting money for nothing is welfare.

But the issue that I have is that it is being brought up by some people now making it look like it is Obama's fault when it has been going on for a while now.  At least that is the impression I get since I am seeing this now but havent in the past. Maybe I am just blind, don't know. There are lots of other taxes that I hate paying to, like school taxes, when I have no kids in school.  I know, it is a contribution to the betterment of society.

actually a lot of white collar jobs are created through federal construction funding; project managers, engineers, support staff, etc.  In fact, it's amazing how much of the project funds can actually be spent before any actual construction work gets completed.  Oh, and don't forget about the goverment jobs that will be created so that they can figure out how to distribute the money!

 BTW...don't think I support any of the stimulus money.  I wasn't happy about the banks receiving aid and I'm not very please this time around either.  But it's like a co-worker told me earlier today..."at least he's doing something."  Who can argue with that logic?

Actually, I would put the construction industry as one of the best investments on the list.  More roads means more concrete, asphalt, steel, heavy equipment, light equipment, billing, road workers, people that build and put up signs, people that make the pretty orange cones, cut the wood, steel mills that create nails, electricians that wire the houses or street lights, people that feed all these workers, people that grow the food to feed all these workers, peopl that transport that food, well...... you get the idea. 

I would definately say construction is one of the best investments.  Especially when you look at stuff like our bridges and dams that need to be updated regardless and many places would struggle to fund the updates.

Even if the money only goes directly to the construction industry, that'll help a lot.  As someone who lives with an engineer who is right now working on a gov't contract project, it's nice to have that money coming in.  That means we get to go shopping, pay our rent, buy groceries, go out to dinner, and otherwise spread our money around our community.

Not to mention the guys doing the actual construction.  They have bills to pay and things to buy and help support their communities too.  

It's all a big chain.  Think of it as trickle-up economics. 

Then, with all that money being poured into the economy and finally starting to move around, I can see how we'll be back to the pre-recession demand for Construction.