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Wasteful Gov't spending
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skildude Send message Joined: 4 Oct 00 Posts: 9541 Credit: 50,759,529 RAC: 60 |
or not. Once again, te nay sayers find out just what Gov't spending on worthy projects does. It creates jobs. It seem that for the project price of $3.8 billion in 1998 we are reaping the benefits 20 fold. And it has created 310,000 (tax paying) jobs in 2010 alone. Heaven forbid. That on top of the life saving technology we've gotten from the project makes teh Genome Project a major blessing for us and the World. At my office alone we test for a multitude of genetic markers that 15 years ago were unheard of. genetic markers that easily determine a patients ability to clot bloo, fight disease, or if the person has a predisposition for a disease. Hazaaaa http://www.msnbc.msn.com/id/43008755/ns/business-us_business/ The Human Genome Project — a $3.8-billion international human genome mapping project that ran from 1988 to 2003 — wasn't just a money-sucking vanity initiative that only reaped profits for personal genetic testing companies like 23andMe. The project has, in fact, driven $796 billion in economic impact and generated $244 billion in total personal income, according to a new report from Battelle. Sometimes, pricey long-term science projects are well worth it. In a rich man's house there is no place to spit but his face. Diogenes Of Sinope |
keith Send message Joined: 18 Dec 10 Posts: 454 Credit: 9,054 RAC: 0 |
Gubment creates jobs at the expense of the rest of the economic sector. In other words, there's an opportunity cost. BRILLIANT! 109 MILLION TO CREATE 96 JOBS. "General Motors will invest $109 million in its operations in Flint and Bay City , Mich., to support engine production for current and future fuel-efficient small cars produced for the U.S. market. The investment will protect or add 96 jobs at the two sites." http://www.zerohedge.com/article/gm-spend-109-million-preserve-96-michigan-jobs Do you wonder why we can't compete against the rest of the world? |
Robert Waite Send message Joined: 23 Oct 07 Posts: 2417 Credit: 18,192,122 RAC: 59 |
It would seem Keith is volunteering to work for less than a dollar per day so he can be competetive with the third world. I'm quite certain his boss will be delighted. Once the rest of the employees find the boss making their wages more in line with keith's, he may take a beating in the parking lot after work. Enjoy living in that cardboard box down by the sewage treatment plant. Strive for the bottom Keith. I know you can do it. I do not fight fascists because I think I can win. I fight them because they are fascists. Chris Hedges A riot is the language of the unheard. -Martin Luther King, Jr. |
skildude Send message Joined: 4 Oct 00 Posts: 9541 Credit: 50,759,529 RAC: 60 |
I say it must be nice to have your own money printing press. It sure beats actually finding a job. Aren't you retired military keith. Shouldn't you be handing that damned gov't retirement check back. Quit being a burden get a job. In a rich man's house there is no place to spit but his face. Diogenes Of Sinope |
keith Send message Joined: 18 Dec 10 Posts: 454 Credit: 9,054 RAC: 0 |
It would seem Keith is volunteering to work for less than a dollar per day so he can be competetive with the third world. I'm volunteering Government Motors to spend less of the taxpayer's hard earned money on creating jobs at $1,135,00 million per person. Who else spends that much money to create low skilled blue collar positions? Certainly not Intel, Cisco, Colgate-Palmolive, Pepsi, Disney, Fedex, Sony, Boeing, Whirlpool, Weyerhauser, etc. |
keith Send message Joined: 18 Dec 10 Posts: 454 Credit: 9,054 RAC: 0 |
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skildude Send message Joined: 4 Oct 00 Posts: 9541 Credit: 50,759,529 RAC: 60 |
So instead of beating down the genome project which you clearly decided you can't you go after GM. Congrats you've done what the terrorists wanted you derailed the train. Back on topic. Please tell me you weren't one of the Neocons railing against the genome project. Please tell me you were one of the few Republicans that saw beyond the end of their pointy nose that the Genome project was a money maker. I'll say it again. Business made a crapload of money off of this project. Its freaking fantastic. We also gained jobs and in doing that Tax revenue. Isn't that the point of gov't spending to make it pay for itself and get more in return. This is a good business plan. So from a business perspective, the Dems have done a good thing for the business culture in America and the World by starting and Completing the Genome project. back off topic. Whine if you like about GM. GM is now making strides into safety and efficiency that they could only have dreamed of. THe Gov't stock ownership is slowly coming to an end. Guess what? the gov't will get its money back from GM plus interest. Worried about how much it costs to add jobs. stop worrying. Businesses are in business to make a profit. GM now has the means to improve plants, become more efficient and at the same time add jobs. GM has in the past decade been steadily shedding jobs. Any new jobs created is a big deal. Its a sign of strength and trust in the new market. Obama is looking at recovering every penny from GM and Chrysler plus interest. the TARP funds are coming back in and the stimulus package is more than paying for itself. Goodness whats a gov't to do when a good plan pays for itself In a rich man's house there is no place to spit but his face. Diogenes Of Sinope |
skildude Send message Joined: 4 Oct 00 Posts: 9541 Credit: 50,759,529 RAC: 60 |
Hmmm thats funny he quotes Bloomberg but the site is a blog. Check out the actual Bloomberg article http://www.bloomberg.com/news/2011-05-13/gm-plant-investments-improve-outlook-for-labor-talks-uaw-says.html?cmpid=msnmoney GM is spending $2 billion in the US for plant upgrades and modernization. the first part is the 2 plants in Michigan. I don't have a problem with this spending. Once again its about the profittability of the plant. You could close the plant and build a new one then hire new folks that don't know how to build a motor. But I can see that even if it cost just as much as the refurbishing of the Michigan plants you'd still have down time just to train a new workforce in new jobs. It is also not unheard of for a company to spend even more money upgrading plants. Heck they plan to do the same here in Arlington Texas to expand the SUV plant. Its good business. I'm afraid some of us though they like business and tax breaks have difficulty understanding small investments can make a huge profit. If in doubt please read about the Genome project found somewhere on this thread In a rich man's house there is no place to spit but his face. Diogenes Of Sinope |
nemesis Send message Joined: 12 Oct 99 Posts: 1408 Credit: 35,074,350 RAC: 0 |
all the while oil companies are still gonna get tax breaks. how many jobs does that create? or are they soaking the american taxpayer twice first for the taxbreak and second for the high price of the gas. http://www.msnbc.msn.com/id/43065013/ns/politics-capitol_hill senate blocks repeal of oil company tax breaks. while oil refiners are reducing capacity to drive up the price. http://af.reuters.com/article/energyOilNews/idAFN1714817720110517 |
skildude Send message Joined: 4 Oct 00 Posts: 9541 Credit: 50,759,529 RAC: 60 |
I hope that was a freudian slip senate backs repeal of oil company tax breaks. Now I have no problem with the small oil companies getting a break or 2 but the big 5 are far from taking a risk and certainly can absorb a bad investment. I recall their profits being $125-$150 billion last year. I can't see any reason to hand them any more free money. In a rich man's house there is no place to spit but his face. Diogenes Of Sinope |
keith Send message Joined: 18 Dec 10 Posts: 454 Credit: 9,054 RAC: 0 |
Can you plz explain further???? There is no arithmetic error. |
keith Send message Joined: 18 Dec 10 Posts: 454 Credit: 9,054 RAC: 0 |
I hope that was a freudian slip Why not? You feel comfortable with some gubment bureaucrat deciding winners and losers? WHY? |
keith Send message Joined: 18 Dec 10 Posts: 454 Credit: 9,054 RAC: 0 |
BTW Skildude, the "End terrorism, build a school" signature... Did you see the 60 Minutes story? It's not showing that charity in a very good light. Suggest you watch it. http://www.cbsnews.com/video/watch/?id=7363068n&tag=related;photovideo |
skildude Send message Joined: 4 Oct 00 Posts: 9541 Credit: 50,759,529 RAC: 60 |
oh no say it isn't so. A taudry expose'. I guess it must all be true. 1 guy complains and the whole organization is bad. I think not. I guess you'll have to find something else to complain about In a rich man's house there is no place to spit but his face. Diogenes Of Sinope |
skildude Send message Joined: 4 Oct 00 Posts: 9541 Credit: 50,759,529 RAC: 60 |
agree military budgets rarely have a long term positive return. Its usually just spend spend spend. the US military budget is now at least 50% of the non social security medicare medicaid money In a rich man's house there is no place to spit but his face. Diogenes Of Sinope |
William Rothamel Send message Joined: 25 Oct 06 Posts: 3756 Credit: 1,999,735 RAC: 4 |
Sure, there are: waste, unnecessary weapons programs and fraud in the military budget; but mostly incompetence. However; it is incorrect to say that no good comes from military spending. Computers and the miniaturization of electronic components, metallurgy, space programs and rocketry all have their origins in military spending. This dates back to the caveman. Seems like there was once a thread where I claimed that almost all (or at least a great deal of) human progress came from military spending and the need to fight for one reason or another. Perhaps a discouraging thought; but at least the Space Program has driven progress recently. Shame that we are not doing more in this regard right now. "That's the trouble with you civilians, you don't enjoy a good scrap" --General George Patton What do you all think?? |
skildude Send message Joined: 4 Oct 00 Posts: 9541 Credit: 50,759,529 RAC: 60 |
rocket science? yes if you consider it was in the Nazi's budget first. Computers? integrated circuits needless to say the Military has been much quicker to find applications through its corporate benefactors In a rich man's house there is no place to spit but his face. Diogenes Of Sinope |
keith Send message Joined: 18 Dec 10 Posts: 454 Credit: 9,054 RAC: 0 |
oh no say it isn't so. A taudry expose'. I guess it must all be true. 1 guy complains and the whole organization is bad. I think not. I guess you'll have to find something else to complain about I would be against that. The defense budget should go towards defending the nation, not any R&D subject that some congressional staffer has an affinity for. That's what the DoD is meant to do. I would be just as against HHS funds going towards drug research, USDA funds going towards food programs for the military, or Department of Energy funds going towards R&D for highway funds. Of course there's overlap, but it's really been stretched for political gain lately. The taxpayer has to know what money is going where. The constant game of masking one program deep in another department and spreading the funds around is criminal in my estimation. Just as is taking money from Social Security and leaving it with IOU's so the government can use it for something else. People in the private sector go to prison over things like that. |
zoom3+1=4 Send message Joined: 30 Nov 03 Posts: 65709 Credit: 55,293,173 RAC: 49 |
Whats wasteful... Bush Tax Cuts over 10 Years $3.7 Trillion, Set to Expire in 2012... Bush tax cuts: Cutting through the noise wrote:
The T1 Trust, PRR T1 Class 4-4-4-4 #5550, 1 of America's First HST's |
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