Some please explain something

Paulson also appeared on ABC's "Good Morning America" where he claimed the Bush administration's $152-billion fiscal stimulus program could generate hundreds of thousands of jobs once tax rebate checks begin flowing in May.

"It will start making a difference here in the second and third quarter, maybe adding 500,000 or more jobs," he said without elaborating about the sectors that might create jobs.
http://www.iht.com/articles/reuters/2008/03/18/business/OUKBS-UK-USA-ECONOMY-PAULSON.php


How is this possible that are rebate checks are going to add 500,000 jobs. I don't get it am I missing something??? I also want to know when Paulson gives these interviews why someone doesn't ask him the same question?

:silly:

More propaganda from the * administration.

wouldn't it be easier to offer 1,000,000 employers a $15,000 subsidy for every new employer they hire and keep on for at least one year at a 30k salary, as long as those employers produce American goods? That would only cost $15 billion and create a million jobs.

I like your idea better.

They just didn't mention that the jobs will be created in China and India as people drop the checks at the local wallyworld, sears, circuit city, radio shack or wherever cheap overseas goods are sold to Americans now.

I'm surprised they didn't just sent out fucking 1200 dollar walmart gift cards.

will all take that paltry rebate check and go out and buy some consumer goods. Which MIGHT employ a few more people (retail clerks, truck drivers, warehouse workers, dock workers). And then THOSE people (that got hired to handle the influx of new consumer spending) will, in turn, start buying things too. classic "trickle down" theory.

Couple of problems... since the goods we might purchase aren't made here, the employment surge stops at the docks, moreover, if 10,000 of us buy some goods, the number of new employees is but a small fraction of that, say .1 percent at most... so for every 10,000 rebate checks, we add maybe 10 jobs, heck, let's be generous, we add 100 jobs. But the cycle quickly dampens down... trickle down was never a good idea once you plug in numbers... The theory of trickle down better describes the feeling you have when corporate assholes stand next to you and pee on your leg.

The other major problem is that we are ALL under water... I know that if I get a check, pretty much all of it is going to pay bills that have gone unpaid... and that's true of everyone I know. I'm not running out to buy something, unless it's to replace something broken that I absolutely need. After that, if there is any left over... I'm holding onto it because I think the financial crisis is just starting, not just starting to be over.

I'll say! bush

This time around it's going to go toward bills.
Chimpy McFuckstain sure has screwed my industry into the ground.

He forgot that part. The jobs will be created in China.

People will buy gasoline, stuff at wal-mart and pay off bills. As a result the jobs will be created overseas or they will be low wage jobs in America at gas stations or Wal-mart.

Hurrah. The best part is at least 45% of the public will still vote for the candidate(s) who support these programs in 2008.

they don't have to tell the truth and they don't

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

and a WHOLE lot of faith.