FDIC looking to boost headcount by 70%, prepares for bank failures

Quote from Don Bright:

For the first time (ever I think), more than half the U.S. employed population is employed by the Government. So, us "smaller half" are paying the salaries of the bigger half...I'm not so sure I like that situation.


Don


Some web site I looked at said 2 percent of population works for federal gov't and when you add in state, local and municipal it gets to around 10 percent.
 
They included all Fed, state, local, firefighters, police, teachers, everyone not in the private sector. The number has always been high, this was just a "record" of sorts I guess.

Don
 
Quote from flytiger:

I've been looking for Elaine Cho (Sec of Labor) coming out and spinning this. So far, no go.

They are, after all, new jobs.

Yeah, and Paulson says that $600 per person is going to create 500,000 jobs, sure it will.

Don :p
 
For a 150bb, they could have had a solar power initiative, lowered the price of oil, created jobs............ Instead, you pass it out like bread to starving people. Not giving enuf to sustain anyone, just moving everyone on to the next day.

They are right about one thing. it'll be spent. No bills bein' paid that day.
 
Quote from flytiger:

For a 150bb, they could have had a solar power initiative, lowered the price of oil, created jobs............ Instead, you pass it out like bread to starving people. Not giving enuf to sustain anyone, just moving everyone on to the next day.

They are right about one thing. it'll be spent. No bills bein' paid that day.

Now you're speaking my language. Put the money into something of value to al Americans. I'm saying TVA, but we could use some infrastructure, and yes, Solar would be great. We just flipped the switch on our Nevada Power Solar Farm, cool.

Yes, and a "weekend in Vegas" is all the cash will amount to. And, heaven forbid your household makes $150K, you get nothing.

Don
 
Quote from Don Bright:

Now you're speaking my language. Put the money into something of value to al Americans. I'm saying TVA, but we could use some infrastructure, and yes, Solar would be great. We just flipped the switch on our Nevada Power Solar Farm, cool.

Yes, and a "weekend in Vegas" is all the cash will amount to. And, heaven forbid your household makes $150K, you get nothing.

Don

I was saying that back in 2001. Those dollars would have had a better return had they been re-invested in back into this country through various infrastructure jobs that have, over the past few years, become evidently in need of repairs and major upgrades. Think about it, bridges that may not be on the verge of collapse, major power lines not being taken out by a tree, building the necessary delivery infrastructure for hydrogen and ethynol. Real job creation over the past 8 years instead of this 100k/month amount we were getting.
 
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