Stimulus Bill Passes
02-05-2009, 10:37 PM
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02-09-2009, 03:37 PM
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General Motors to Invest $1 Billion in Brazil Operations -- Money to Come from U.S. Rescue Program
Great...now we're bailing out the entire world.
Great...now we're bailing out the entire world.
By Russ Dallen
Latin American Herald Tribune staff
SAO PAULO -- General Motors plans to invest $1 billion in Brazil to avoid the kind of problems the U.S. automaker is facing in its home market, said the beleaguered car maker.
According to the president of GM Brazil-Mercosur, Jaime Ardila, the funding will come from the package of financial aid that the manufacturer will receive from the U.S. government and will be used to "complete the renovation of the line of products up to 2012."
Latin American Herald Tribune staff
SAO PAULO -- General Motors plans to invest $1 billion in Brazil to avoid the kind of problems the U.S. automaker is facing in its home market, said the beleaguered car maker.
According to the president of GM Brazil-Mercosur, Jaime Ardila, the funding will come from the package of financial aid that the manufacturer will receive from the U.S. government and will be used to "complete the renovation of the line of products up to 2012."
02-09-2009, 05:57 PM
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General Motors to Invest $1 Billion in Brazil Operations -- Money to Come from U.S. Rescue Program
Great...now we're bailing out the entire world.
Great...now we're bailing out the entire world.
02-09-2009, 07:31 PM
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I understand that it is a GM subsidiary, but it's just disturbing to see that much tax money sent over the border. This money was intended for immediate financial relief in the us market.
02-10-2009, 10:11 AM
#65
General Motors to Invest $1 Billion in Brazil Operations -- Money to Come from U.S. Rescue Program
Great...now we're bailing out the entire world.
Great...now we're bailing out the entire world.
02-10-2009, 10:57 AM
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The thing that I don't get is how short-sighted these people are. If you cut American jobs but your products are marketed to Americans, then you have no one to buy your products. How can they not see that?
02-10-2009, 11:04 AM
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well look at it this way if sen. McCain would have been elected there would be no stimulis plan , the focus would be getting more troops overseas. It was pretty clear what McCain wanted to do in office and fixing our economy wasn't near the top of the list. Say what you want about Obama but atleast he is attempting to solve this wonderful situation George W has left us with!
02-10-2009, 11:26 AM
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well look at it this way if sen. McCain would have been elected there would be no stimulis plan , the focus would be getting more troops overseas. It was pretty clear what McCain wanted to do in office and fixing our economy wasn't near the top of the list. Say what you want about Obama but atleast he is attempting to solve this wonderful situation George W has left us with!
02-10-2009, 11:42 AM
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It's Keynesian economic theory; when done properly, government spending can pull an economy out of a recession. An example of this is World War II: government spending for military needs created jobs, which put money in peoples' pockets, which allowed them to spend, etc.
Here is a good explanation of Keynes and his theories.
Keynes' radical insight was to look out the window in the 1930s and see that sometimes things don't right themselves. The economy goes into a downward spiral. The usual dynamic of supply and demand breaks down.
"A failure of effective demand is what he called it," says Alan Blinder, a Princeton economist who served as economic adviser to President Bill Clinton. Basically, people aren't spending enough money, either because they don't have any or because they got laid off or are afraid they're about to get laid off.
If people aren't spending enough money, there's no way for the economy to automatically adjust. During the Great Depression, no one had figured out how to get people spending again. Then came Keynes.
"The Keynesian prescription is if all else fails, the government can spend the money," Blinder says. Normally, in a free-market economy, the public doesn't look to the government to prop up spending. "But Keynes' idea, which was revolutionary at the time, is if the private sector won't do it, then the public sector can do it as a fill-in stopgap," Blinder adds.
"A failure of effective demand is what he called it," says Alan Blinder, a Princeton economist who served as economic adviser to President Bill Clinton. Basically, people aren't spending enough money, either because they don't have any or because they got laid off or are afraid they're about to get laid off.
If people aren't spending enough money, there's no way for the economy to automatically adjust. During the Great Depression, no one had figured out how to get people spending again. Then came Keynes.
"The Keynesian prescription is if all else fails, the government can spend the money," Blinder says. Normally, in a free-market economy, the public doesn't look to the government to prop up spending. "But Keynes' idea, which was revolutionary at the time, is if the private sector won't do it, then the public sector can do it as a fill-in stopgap," Blinder adds.
02-10-2009, 11:49 AM
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first off i never said rescue i said he was attempting and secondly he is trying to create jobs and give tax credits to those buying houses this year .Alot of the money will be misspent but you've got to start somewhere
02-10-2009, 11:55 AM
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You bring your car to me because the Check Engine light is on, and as such, you can not pass smog & register the car.
I pull the code, do some diag work, and tell you that a new O2 sensor is needed.
I also notice that your wiper blades are shot, a brake light is out, a cv boot is torn, and the windshield is cracked.
I give you quote for $9240.45, of which, $300 is for the O2 sensor.
Further, I demand that you allow me to fix all of the other problems before I get to the O2 sensor, that you failing to act NOW on these items will reasult in your O2 sensor failing even more.
What do you do?