Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: LindyBill who wrote (625881)	2/16/2017 11:00:24 AM
From: Maurice Winn	1 Recommendation Recommended By Arran Yuan Read Replies (1) \| Respond to of 793905

When shovel-ready money was doled out to save the world, you can be sure it went to Obama's friends and supporters, so it's not surprising that somewhere that could have used actual shovels did not get loads of lovely loot but Friends of Obama did get opm shovel-ready loot by the truckload. Any number of people were working on photovoltaics and the economics of it was driving it along flat out at a time of super-high oil prices and soaring electricity prices and when reliability for individuals meant they are better off with their personal electricity instead of depending only on the grid. So Solyndra didn't really need opm but the now failed dam did. It's likely that the failed dam didn't get shovel-ready loot because the people running it were not best buddies with Obama and co. The whole premise was false though. Taking opm and throwing it down the drain in fake make-work projects does not create economic activity out of thin air. Digging holes and filling them in again does make GDP bigger but actual benefits are not measured like that. If everybody could get super-computers in their pockets which cost $1 instead of $1million, it means GdP goes way down, but that's good thing. Ideally, GDP would go to zero and everybody would have everything they want and they could spend all day doing anything they like = zero GDP but a fantastic life. Such Utopia has been gradually approaching for centuries since the invention of science, maths, and all that enables fantastic inventions. But we're a very long way from it yet. GDP still matters a lot but not fake GDP and fake activity [activity that is the equivalent of digging holes and filling them in again]. Mqurice