Some New Really Stupid Porkulus Projects

Money Magazine/The Lid ^ | 9/4/09 | The Lid

[Shellybenoit]

The government announced today that unemployment hit 9.7 % a 26-year high. Although the White House will tell us that the rate of job loss is shrinking signaling the start of a economic comeback, that belies an understand of how companies lay people off.

Usually the first layoffs are lower level employees, they make less money so companies have to lay off many of them to have a bottom line effect. As more layoffs are needed a company will start to get rid of the bigger salaries or else no one will be left to do the work. So even if nothing changes, as the recession continues you are going to see a decline because more "Chiefs" and fewer "Indians" are getting fired.

And what about the wonderful, super, stimulus protect passed months ago, where are the jobs from that? Well No where. If Congress decided on a tax cut rather than a pork-laden stimulus our unemployment nightmare would be probably be turning around by now.

Don't think that the money isn't being spent it sure has. And some of it has been spent on really stupid projects, below are some examples from Money magazine:

[who_would_fardels_bear]

Although economists have seldom been right, they have generally agreed that the unemployment rate will not go down until after it shoots above 10%.

So this is another example of a lame article taking a slightly different tack on an issue that has already been beaten to death.

[Darksheare]

Don’t forget the cool 300 million that went into “green transportation” i.e. pimped out golf carts so our congress skanks can cart their pimpled fat butts around Washington while screeching at us for being ‘fat’ and ‘out of shape’.
They should walk like the rest of us.