Financial Collapse ~ The Truth Behind the Trillion-Dollar Stimulus, the Biggest Economic Recovery Plan in History

The Truth Behind the Trillion-Dollar Stimulus, the Biggest Economic Recovery Plan in History (2012)





 The American Recovery and Reinvestment Act of 2009 (ARRA) (Pub.L. 111--5), commonly referred to as the Stimulus or The Recovery Act, was an economic stimulus package enacted by the 111th United States Congress in February 2009 and signed into law on February 17, 2009, by President Barack Obama.

To respond to the Great Recession, the primary objective for ARRA was to save and create jobs almost immediately. Secondary objectives were to provide temporary relief programs for those most impacted by the recession and invest in infrastructure, education, health, and renewable energy. The approximate cost of the economic stimulus package was estimated to be $787 billion at the time of passage, later revised to $831 billion between 2009 and 2019.[1] The Act included direct spending in infrastructure, education, health, and energy, federal tax incentives, and expansion of unemployment benefits and other social welfare provisions. The rationale for ARRA was from Keynesian macroeconomic theory, which argues that, during recessions, the government should offset the decrease in private spending with an increase in public spending in order to save jobs and stop further economic deterioration. Shortly after the law was passed, however, Keynesian economist and Nobel laureate Paul Krugman while supportive of the law, criticized the law for being too weak because it did not "even cover one third of the (spending) gap".

Economists such as Martin Feldstein, Daron Acemoğlu, National Economic Council director Larry Summers, and Nobel Memorial Prize in Economic Sciences winners Joseph Stiglitz[54] and Paul Krugman[55] favored large economic stimulus to counter the economic downturn. While in favor of a stimulus package, Feldstein expressed concern over the act as written, saying it needed revision to address consumer spending and unemployment more directly.[56] Just after the bill was enacted, Krugman wrote that the stimulus was too small to deal with the problem, adding, "And it's widely believed that political considerations led to a plan that was weaker and contains more tax cuts than it should have — that Mr. Obama compromised in advance in the hope of gaining broad bipartisan support."[57] Conservative economist John Lott was more critical of the government spending.[58]

On January 28, 2009, a full-page advertisement with the names of approximately 200 economists who were against Obama's plan appeared in The New York Times and The Wall Street Journal. The economists denied the quoted statement by President Obama that there was "no disagreement that we need action by our government, a recovery plan that will help to jumpstart the economy". Instead, the signers believed that "to improve the economy, policymakers should focus on reforms that remove impediments to work, saving, investment and production. Lower tax rates and a reduction in the burden of government are the best ways of using fiscal policy to boost growth."[59] The funding for this advertisement came from the Cato Institute.[60]

On February 8, 2009, a letter to Congress signed by about 200 economists in favor of the stimulus, written by the Center for American Progress Action Fund, said that Obama's plan "proposes important investments that can start to overcome the nation's damaging loss of jobs", and would "put the United States back onto a sustainable long-term-growth path".[61] This letter was signed by Nobel Memorial laureates Kenneth Arrow, Lawrence R. Klein, Eric Maskin, Daniel McFadden, Paul Samuelson and Robert Solow. The New York Times published projections from IHS Global Insight, Moody's.com, Economy.com and Macroeconomic Advisers that indicated that the economy may have been worse without the ARRA.

http://en.wikipedia.org/wiki/Stimulus...

Economic Collapse Blog : Britain's Trillion Pound Horror Story

Yes the answer is to increase taxation especially of the rich. Hunt them down in the Cayman Islands. This will solve our problems. Get rid of the city and banking.


Britain's Trillion Pound Horror Story explains and analyses in plain language the UK's large and ever growing national debt, possible bankruptcy, gigantic and inefficient public sector, and the Conservative-Liberal coalition government's half hearted attempt at trying to reduce the deficit.

Produced and directed by Martin Durkin, all rights reserved for the creators of the show, I do not own any of this material.

Adrian Salbuchi - Argentine Corruption & World Government in South America

Red Ice Radio - Adrian Salbuchi - Hour 1 - Argentine Corruption & World Government in South America




Adrian Salbuchi is known for speaking and writing about geopolitics, international relations, political power structures and financial globalization. His latest book is "The Coming World Government." Adrian regularly writes articles and shows up RT. He is the founder of the Argentine Second Republic Project and he is an international business consultant. He is with us today to give us an update on how the development of world government is marching forward in South America. We begin to discuss the newly selected Argentine Jesuit pope and what his strategy for cleaning up the tarnished reputation of the Vatican will be. We move on to talk about Cristina Kirchner and the Kirshner "dynasty," who have been ruling the massively corruption Argentina for over 10 years. Adrian explains many of the financial

scandals that have been unfolding in Argentina, without any coverage by the nation's media. Salbuchi further describes how the country's resources being are being sold out to mega corporations and that it's all run by the super national globalists and their banks. In the second hour Adrian explains why he is suspicious of the Arab spring and other demonstrations and rallies around the world. He explains that as long as people are fighting amongst themselves they will never be able to see the real enemy. We further discuss what is going on in Venezuela after Hugo Chavez death and the situation in Brazil. Adrian says that the economy is being intentionally dismantled around the world and the reformation offered to fix it will get us further dependent on a debt based centralized governmental banking system. He gives us a few pointers on how to remain autonomous under these conditions.
http://www.asalbuchi.com.ar/

What's Really Happening in Egypt ~ Middle East expert Robert Fisk analyses

Robert Fisk, Middle East Correspondent for the Independent, analyses ongoing unrest in Egypt.




Egyptian authorities have cleared a Cairo mosque of anti-coup protesters, following a day-long siege punctuated by gunfire, tear gas volleys and mob attacks.The Fateh mosque in Ramses Square was evacuated on Saturday of protesters holed up since violence flared in the square on Friday evening. Police stormed the building on Saturday evening, moving the protesters out and beyond angry crowds who had formed outside.

is OCTOBER 1st the END of AMERICA ? 8-18-2013

 DOOR TO DOOR HOME INSPECTION = OBAMECARE
Things Are Pointing This Direction Friends
http://www.examiner.com/article/repor...

Obamacare provision will allow 'forced' home inspections by gov't agents

August 15, 2013

Citing the Heath and Human Services website, a report posted Wednesday at the Freedom Outpost says that under Obamacare, government agents can engage in "home health visits" for those in certain “high-risk” categories.
Those categories include:
• Families where mom is not yet 21;
• Families where someone is a tobacco user;
• Families where children have low student achievement, developmental delays, or disabilities, and
• Families with individuals who are serving or formerly served in the armed forces, including such families that have members of the armed forces who have had multiple deployments outside the United States.
According to HHS, the visits fall under what is called the "Maternal, Infant and Early Childhood Home Visiting Program" allegedly designed to “help parents and children,” and could impact millions of Americans.
Constitutional attorney and author Kent Masterson Brown said that despite what HHS says, the program is not “voluntary."
"The eligible entity receiving the grant for performing the home visits is to identify the individuals to be visited and intervene so as to meet the improvement benchmarks," he said. "A homeschooling family, for instance, may be subject to 'intervention' in 'school readiness' and 'social-emotional developmental indicators.' A farm family may be subject to 'intervention' in order to 'prevent child injuries.' The sky is the limit."