John: the US economy is in for a 'crap storm' whatever the stimulus does (2009)
prediction · status: unresolved · last event: predicted (2009-02-15) · owner: John
Explaining the 2009 stimulus plan, John said it might or might not work but that the US economy was in for a 'crap storm' no matter what.
About: American Recovery and Reinvestment Act
| date | event | what | video |
|---|---|---|---|
| 2009-02-15 | predicted | John says the stimulus may or may not work and that he thinks the economy is in for a 'crap storm' no matter what. (hedged) | Stimulus Plan Explained 00:03:21 |
What is said about it
6 statements, by date (the events above are the turns of the thread; these are the details).
- 2009-02-15 · Stimulus Plan Explained — recommendation: John: For further reading on the stimulus, John also points to a philosophical overview from the LA Times. — video description
- 2009-02-15 · Stimulus Plan Explained — John calls Keynes probably the most important 20th-century economist, who explained that a massive stimulus, such as World War II, could have ended the Great Depression. (hedged) — 00:01:19
- 2009-02-15 · Stimulus Plan Explained — John divides the $787 billion stimulus bill into three parts: $212 billion in tax breaks, $267 billion for social services such as food stamps and unemployment benefits, and $300 billion in new government spending. — 00:02:52
- 2009-02-15 · Stimulus Plan Explained — John says the tax breaks come as a little money each week rather than lump-sum checks, because people given lump sums don't spend them and consumer spending needs resetting. — 00:02:52
- 2009-02-15 · Stimulus Plan Explained — John says the new spending covers everything from roads and bridges to making all US health records electronic. — 00:03:21
- 2009-02-15 · Stimulus Plan Explained — John says the stimulus may or may not work, and he thinks the US is in for a 'crap storm' no matter what. (hedged) — 00:03:21