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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (6899)	2/15/2009 5:16:13 AM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 103300

Re: "it may have been 7%, but whatever it is, it doesn't sound encouraging..." (I'll hold my outrage until I have a solid estimate, something approaching a real fact, to chew on.) If I come across a solid estimate for "the amount of the spending programs which will be outlayed in 2009, or in 2010", I'll pass it along. (But I would be shocked if the amount - of the spending amount - which gets spent before the end of 2009 was NOT well up into the double digits.) Remember: some goodly bit of the spending approved... the unemployment extensions, food stamp additions, money directed to the States which will go straight into plugging their current fiscal year budget holes... will almost certainly be spent pretty fast. And... perhaps up to a third or so of the highway/bridge/rail/rapid transit stuff... will get plugged in this year or winter of next. The $20 Billion going to building up our woe-begone electric grids (and the 19 Billion for Internet) likely will roll-out slower... but still as fast as humanly possible. REMEMBER: Since the Bill is $787 Billion, and "35% - 36%" of that amount is tax cuts.... That means the tax cuts are (using the 35% figure) $275.45 BILLION of the total bill. That means that the SPENDING PORTIONS are $511.55 Billion. (Much more like HALF a Trillion spending... not the "Trillion" that the talking heads are raving about.) Re: "...the bottom line is how the markets react to this bill..." Well. that is certainly an important reaction. But, ultimately, I'd say that the single MOST IMPORTANT thing is how the ECONOMY reacts. (The markets will ultimately follow the economy.)