Friday, October 30, 2009

SSR and Bailouts and Clunkers and GDP

OK, something to ponder over the weekend.

My best guess is that the Bailouts, Cash for clunker cars, and cash for clunker homes has cost the taxpayer about $10T. In exchange for that we still achieved a drop of over 2% annually in GDP, and last quarter the GDP went up $113B compared to a prior horrid quarter.

Does this seem like a good return on investment?

Is this a sign of strength in planning and strategizing, or is this a weakness of policy.

No comments:

Post a Comment

Insightful and Useful Comment!