Saturday, February 09, 2008
OK, you all know that...and I don't have a degree in economics.
But I know that sending $600 checks isn't going to fix an economy that has been ravaged by greed, and Congress making it profitable for companies to offshore jobs.
Despite these aggregious mistakes, they could have helped some people in the short-term who really needed it, but they didn't.
No unemployment extension, or more food stamps - both of which economists said are the two quickest ways to help the economy - and no heating help for poor people, in the stimulus bill.
But it does allow higher-interest loans that would - surprise! - benefit those who buy and sell real estate like the rest of us buy, say, groceries or porn. OK, just seeing if you were paying attention by adding the word "porn."
And, surprise surprise! Nancy Pelosi and the House want this passed before midterm elections:
"There is no reason for any more delay on this," House Speaker Nancy Pelosi (D-Calif.) warned in a public break with the Senate leadership. "I don't think any change in the bill is really worth the delay."
*I can think of a few reasons for delay - including some of the above so people have the ability to pay their fucking bills!*