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Thread: Where's the stimulus?

  1. #11
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    Re: Where's the stimulus?

    Quote Originally Posted by Gardener View Post
    When I asked them to consolidate the two cards into my name, they did so. I have spoken to at least a dozen different people at the bank in question, have received conflicting information, butthe last one flat out told me it would be frozen at 25.9% no matter what I did.

    The differences bertween a bank and criminal racketeering operation can seem meaningless at times.
    Not sure where you live, but there have to be a ton of banks there. First of all if you had a 7% rate, that is very low so your credit rating must be very good. If that is the case someone has to be willing to lend you money below 25%. You may want to look into home equity loans, those should be around 5% until you can get this fixed.

    In addition, there are sites where you can borrow from individuals for materially lower rates than 25%. Depending on your credit score. I know of one I have loaned folks money called Prosper.com.

    Good luck, I hope you find a reasonable rate.

  2. #12
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    Re: Where's the stimulus?

    Another problem may be that some of the projects taken on from the stimulus are long-term. As I have talked about before, Charlotte took 500 million in stimulus money to build a high speed rail:

    High-speed rail plan puts Charlotte-Raleigh trip on fast track | Charlotte Business Journal

    However, this project doesn't just happen. It takes years of planning - 10 years - before construction even begins.

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    Re: Where's the stimulus?

    Quote Originally Posted by whysoserious View Post
    Another problem may be that some of the projects taken on from the stimulus are long-term. As I have talked about before, Charlotte took 500 million in stimulus money to build a high speed rail:

    High-speed rail plan puts Charlotte-Raleigh trip on fast track | Charlotte Business Journal

    However, this project doesn't just happen. It takes years of planning - 10 years - before construction even begins.
    So much for "shovel ready" huh.........

    Bankrupting America now.....to "stimulate" an economy a decade away.......The Democrat Party.
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    Re: Where's the stimulus?

    The biggest problem is that it was a con...a shell game. The 'stimulus' money SAVED or created jobs...translation...it enabled states that have done a dismal job with their budgets to avoid laying off people temporarily without the requirment to fix the problems. It was a stop gap measure at best.

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    Re: Where's the stimulus?

    Quote Originally Posted by VanceMack View Post
    The biggest problem is that it was a con...a shell game. The 'stimulus' money SAVED or created jobs...translation...it enabled states that have done a dismal job with their budgets to avoid laying off people temporarily without the requirment to fix the problems. It was a stop gap measure at best.
    Amen.......a Unemmployment Postponement Bill........as all the people with those "saved jobs" are going to realize the very second PORKULUS funding runs out.
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    Re: Where's the stimulus?

    I guess boosting aggregate demand doesn't produce jobs. When will this Keynesian dreck die?

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

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    Re: Where's the stimulus?

    Quote Originally Posted by Badmutha View Post
    So much for "shovel ready" huh.........

    Bankrupting America now.....to "stimulate" an economy a decade away.......The Democrat Party.
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    You are like a rhetoric monkey. Good job. The republican party.

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    Re: Where's the stimulus?

    Quote Originally Posted by whysoserious View Post
    You are like a rhetoric monkey. Good job. The republican party.
    OK...no rhetoric...straight up facts...Obama's rep says the stimulus has met its goals...we have unemployment now around 10%...so...que?

  10. #20
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    Re: Where's the stimulus?

    Quote Originally Posted by Whovian View Post
    Before someone whines... this was in the NEWS section of CNNMoney.com...

    Stimulus bill for economic recovery - what's the holdup? - Feb. 17, 2011
    The predictions made by economists that our unemployment would stop at 9 ot 10 percent without the stimulus was obviously wrong, in hindsight, it appears it would likely have been much higher without the stimulus. The stimulus made a difference, but things were worse than expected.

    At least, this is my take on it.

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