Obsolete Certainty

Following a world full of uncertainty.

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Stimulus Bill Permits AIG Bonuses

17 March, 2009 (12:45) | Uncategorized | By: O.C.

Well. Whaddayaknow!  It turns out that the Obama economic stimulus bill contained a specific clause that permitted the type of executive bonuses that are causing all this rage.  Of course we knew then that few if any one had read the stimulus bill before the vote. I guess that will jump up and bite some folks in the backside.

Link

Stimulus My Eye!

5 February, 2009 (08:21) | Business | By: O.C.

Interesting information in the WSJ about what many U.S. mayors consider important projects to stimulate the national economy.  Apparently, the city of Austin believes that the economy is suffering due of a lack of frisbee golf courses.  Having spent a lot of time in Austin, I can believe they would be that misguided.

And apparently Las Vegas doesn’t think there are enough neon signs anymore. Apparently that is a major cause of the current recession. Granted, there isn’t as much neon in Vegas as in the good old days, but except for a couple of sign makers, I don’t see that really helping the economy out.  Sorry.

And my favorite comes from Shreveport, Louisiana. That fine city has requested stimulus money to build water parks. With water slides of course.  That should really get the ole GDP surging.