The stimulus checks have done nothing to stimulate the economy
By Daniel at 25 June, 2009, 2:39 am
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The stimulus check mostly goes back to banks where government already thrown in billions.
Last time around when we general public got the stimulus check, it was said only 50% of the people spend the money and the rest saved it or paid off their credit card/mortgage debt. So it was not stimulated.
Which the media, bankers and fed said was a bad idea…
This time around most of the stimulus money went to the banks and to the local governments. We are not even seeing 10% of the money being stimulated in the economy.
Obama said his stimulus plan will create 3 to 4 million jobs.
But this is what is happening all around the country.
1. 5 Feet plus grass around the highway’s all around the country.
2. Dead animals in the highway’s for several days in some cases weeks(
3. Park closures and reduced opening time.
4. Bus & metro services being cut or reduced.
5. Government offices working hours reduced.
6. USPS planning to cut saturday mail service.
I don’t see the actions mentioned above is creating jobs in anyway.
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