This is what stimulus plan should have been!

[chartman]

WASHINGTON (AP) -- Fears are mounting about losing a job, not having enough money to pay the bills and evaporating retirement accounts, according to an Associated Press-GfK poll released Wednesday. Nearly half of those surveyed said they worry about becoming unemployed -- almost double last year's number.

The poll also found that in the past month, public support has dipped slightly for the $787 billion package of tax cuts and government spending that President Barack Obama signed into law this week on the promise that it will save or create 3.5 million jobs and re-ignite the troubled economy.

"I lost a job myself," said Edd Winkler, 40, a married attorney and father of two in Grand Rapids, Mich. "There were just too many attorneys for the amount of work we had coming in to the firm at that time." Winkler has opened his own practice, and says most of his work involves bankruptcies.

"I know a lot of other people who have lost jobs," he added.

Winkler said he wasn't confident the program would create jobs, and that those it does create will be low-paying.

"Until we can somehow keep jobs here and create actual real paying jobs, not Wal-Mart greeter jobs, those things won't work," he said.

 

[Anaconda]

Quote from BlueStreek:

Invite the top 1000 largest firms in US to Washington, give them 2 weeks to put together any projects that can be started in next 3-6 months, with job created pro formas, project scopes, etc, and then the government pick the best projects that will create the most jobs, are central to stimulating the economy, and are well formulated from a business plan perspective.


Then give these companies low interest loans to start all these projects, save the tax payer a lot of money, and would turn the economy around much faster than this malaise we are currently experiencing.

Why won't the companies just do the project themselves if they are worth doing? They can get financing, they can issue bonds, sell stock.

Your plan has good will, but at the end of the day, it is taxpayer money. Since you are a taxpayer, would you personally lend your money to these companies to do these projects? Nothing is stopping you from doing that directly via capital markets, why get the bureaucrats involved? I mean, they will only make it a more expensive & timely process.