The Mudcat Café TM
Thread #118410   Message #2571732
Posted By: Donuel
20-Feb-09 - 09:56 AM
Thread Name: BS: You and the stimulus plan
Subject: RE: BS: You and the stimulus plan
Since it is my wife's job to approve or remove goverment medical research programs, you can imagine the increased work load that the stimulus bill is causing. After 2 attempts to structure the most most rapid and efficient way to get the money into the system the OMB has defied any quick means of getting the money into programs and has ruled that all stimulus money will be structured under standard procurement practices. That means it will take a year or more to fund new and and approved research.
However certain institutions that already have a relationship with goverment funding will get to the trough first. Kinda reminds me of the rationale for Halliburton.

In the general society the stimulus for people to buy a new car will be about $150. The stimulus to insulate your home will be a tax credit come 2010.

We will need new laws to assist home owners with solar tech.

In short the stimulus is years away for everyone except the very well connected.

With only a quarter of the stimulus going toward Main street thus far we can expect another 2 or three attempts to avert a 15 to 20 year slump in all economies.


It looks like there is a run on citi group and Bank of America today.


btw many of our goverment agencies are still working under a cotinuing resolution.