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Ahead of Thursday's jobs summit, the government is in early-stage talks with home improvement...

Ahead of Thursday's jobs summit, the government is in early-stage talks with home improvement retailers (HD, LOW, SHLD) about using stimulus dollars to encourage homeowners to replace leaky windows and insulate their walls as part of a broader effort to spur hiring. One option under consideration is to boost the current $1,500 tax credit available to homeowners making energy-efficiency improvements.
Comments (7)
  • cash
    , contributor
    Comments (442) | Send Message
     
    When will this foolishness stop? They just cannot let the market forces operate and bring forth an equilibrium. Obama & congress can do this with their personal money if he wants to encourage job growth in the DC area - but I guess it is easier to spend other people's money. No repurcussions.
    1 Dec 2009, 09:51 AM Reply Like
  • Tony Petroski
    , contributor
    Comments (6373) | Send Message
     
    I agree with cash. Stimulus spending that doesn't stimulate leads to more stimulus spending. Free people can handle the gaps in their windows without help from the government.
    1 Dec 2009, 09:58 AM Reply Like
  • fed_alchemy
    , contributor
    Comments (245) | Send Message
     
    you gotta have income to take a deduction...fools. Congress with their 3-6 houses can upgrade to bulletproof .
    1 Dec 2009, 10:02 AM Reply Like
  • mrdirt
    , contributor
    Comments (413) | Send Message
     
    With 10.2% unemployment (U6 at over 20%). Who is going to spend
    money for these feel good programs, when people are out of work and trying to make ends meet. Its not only the national economy, at the state,county, local levels property taxes,sales taxes,etc. increasing and taking a bite out of the so called recovery.
    1 Dec 2009, 10:02 AM Reply Like
  • jpiretti
    , contributor
    Comments (710) | Send Message
     
    In 2004, by executive fiat, the SEC allowed the 5 (that was the number at the time) leading investment banks to move from an industry standard 12 times leverage on their balance sheet to over 40 to1. These net capital rules and the proceeding securitization of almost everything (which led to huge fees) destroyed, by some estimates 13 trillion dollars of capital. Anything the govt. has spent to re-fill the hole in our economy is miniscule. This is the result of like minded folks like yourself waxing philosophic about the great free market dynamics unencumbered by the fiduciary responsibilities of the govt. Unless you have been in coma the last handful of years, or you do not respect the bottom line, why would you continue obviously flawed laissez-faire policies?

     

    On Dec 01 09:51 AM cash wrote:

     

    > When will this foolishness stop? They just cannot let the market
    > forces operate and bring forth an equilibrium. Obama & congress
    > can do this with their personal money if he wants to encourage job
    > growth in the DC area - but I guess it is easier to spend other people's
    > money. No repurcussions.
    1 Dec 2009, 11:43 AM Reply Like
  • Mad_Max_A_Million
    , contributor
    Comments (1175) | Send Message
     
    Get a grip, J.P.
    The problem is - Liberals screwing everything up.
    Bush was a liberal. And the economy went south when the liberal democratic congress took control. The way you spin things is comical. You need to get over your command of history and look at the big picture. A factoid here and there won't make your argument.
    1 Dec 2009, 12:54 PM Reply Like
  • jpiretti
    , contributor
    Comments (710) | Send Message
     
    You are clearly the outlier on a Bell curve. Good luck with your "Alice in Wonderland" through the looking glass world.

     

    On Dec 01 12:54 PM Mad_Max_A_Million wrote:

     

    > Get a grip, J.P.
    > The problem is - Liberals screwing everything up.
    > Bush was a liberal. And the economy went south when the liberal democratic
    > congress took control. The way you spin things is comical. You need
    > to get over your command of history and look at the big picture.
    > A factoid here and there won't make your argument.
    1 Dec 2009, 01:15 PM Reply Like
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