MM: you won't believe your eyes when you see the size, of My Stimulus Package

Wow,, PeeWee Herman as a Tax Man ?
Skrippers, Boats, Giraffes and Captain Morgan – all in one video ?

She Wants My … Stimulus Package
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“All the ladies in the house want to be my spouse, for my stimulus package; you won’t believe your eyes when you see the size, of My Stimulus Package..”

Have Mercy Pee Wee Herman; You always got somethin goin on up in yo Playhouse. then again it is Music Monday -

The President speaks about the Stimulus Package and the way the numbers stack up. some of it sounds like the same old stuff, but there are a few new explanations. what we want to know is When Will the Jobs Start to Show UP ? is the EPI Lying to US ?

This Students’ question is really refreshing; and shows that people are anxious for relief – in unconventional ways. maybe eventually we’ll see some of these ideas investigated; since they certainly aren’t new.

The liberal-leaning Economic Policy Institute released a plan last week that it estimates would create 4.6 million jobs in a year, largely through targeted government spending in sectors that historically have been boosts for employment.

is this our version of Peewee’s Playhouse ?

take a moment and check the video out and then read this clipping from the Detroit Papers about the Economy, The Problems in Michigan and the EPI :

I doubt even Obama would dispute that these days, which is why last week, just months after passing $787 billion to help jump-start the economy, he held a White House summit in search of ways to create about eight million jobs.

No state understands job loss more poignantly than Michigan, where the nation’s downturn has been compounded by the implosion of our bread-and-butter automotive industry.

But last week, I got an eyeful of just how awful the national job picture is, and started to really understand how difficult it will be for the private sector to create enough jobs on its own to get things back to normal.

Despite Friday’s modest improvement in the national jobless picture, I’m starting to fear that without a massive government work program, we’re doomed to endure outsized unemployment rates for a terribly long time. And the suffering that we’re seeing in Michigan, where lots of hard-working people just can’t find a place to earn a paycheck, will linger well into the next decade.

I’m not alone.

The liberal-leaning Economic Policy Institute released a plan last week that it estimates would create 4.6 million jobs in a year, largely through targeted government spending in sectors that historically have been boosts for employment.

EPI would first pour money into the safety net by (once again) extending unemployment benefits, expanding a COBRA health insurance subsidy and providing nutrition assistance. All three, the institute says, help families keep cash in their pockets, and that cash gets spent in places that are then able to keep, or even hire, workers.

EPI would also make massive investments in fiscal relief for state and local governments (which would help keep teachers and cops and firefighters employed), in transit and school construction, in creating public service jobs and instituting a tax credit for businesses that create new jobs.

The country has outright lost 8.1 million jobs since the beginning of the downturn. That number jumps to 10.9 million when you factor in new jobs that should have been created over that time, but weren’t.To get to a full recovery by 2014, near the middle of the next decade, we’d need to create 300,000 jobs a month, every month, from now until then. And for reference, October saw a net loss of 190,000 jobs. The November number, released Friday, was 11,000.

The private sector seems unlikely to effect the kind of turnaround we’ll need, at least on its own. In the best years of private-sector job creation in history, 1950-51, GDP grew at 9% annually. In the third quarter of this year, GDP growth was 2.8%. We’re just not likely to get to the necessary level of private economic growth soon enough to stop the blood loss in the job market.