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New Mexico | the stimuli money spun was NOT quite what it was spun to be.
I know of rural areas where the govt preached big stimuli dough, BUT also seems to have a rather unusual way of accoutning for that.
Catron County New Mexico for instance is supposedly one of the major recipients of stimuli dough per capita for a rural county.
Though the govt says Catron Co recieved a touch over 1.8 million in stimulus dough, the actual amount was truely right at $340,000.
What the govt has done to supposedly justify the big spin numbers is what some call "double or triple dip accounting."
They accounted for previous programs ( everything from FSA to Forest Service stuff...including perhaps things like the Wolf reintroduction money spent annually ) AS also being part of both Bush's and Obama's stimulus dough received by recipients.
Also keep in mind, plenty of dough never went anywhere, except to shore up bank/hedge fund balance sheets....sooo that dough basically was used by entities to buy govt issue debt ie., T Bills etc.
Usa is a land of gamers, eespecially at the higher levels.
Only Up is that food prices will go higher due to the huge export demands for ALL Agri commodities.
Course that gets gamed too in the usa.
Say $1 up on corn...BUT the basis will go to say a Minus 70 or 80 cents.
If corn moves $1.50, basis perhaps more like a Minus $1.....keeps the TRUE cash ups rather minimal.
WHOLE deal really sucks for the common folk.
Yep everyone is supposedly equal...but some are supposedly more equal than others.
Thus those preferred players get govt money, but the bulk of the people are kinda screwed out of even the opportunity to try to pay off the bills incurred by the letcherous at this point.
The bubble burst in 08 on the trickle down deal...That's deflationary by all common definitions ( whenever a Total value deal becomes basically worthless, the Air leaves the balloon so to speak ).
Common people have increased savings and monitored their own money velocity to the point things actually work better for the lower tier folks by being conservative ( spend some but not much ).
It takes REAL jobs ( not partime jobs nor permanent partime jobs ) to run economies...usa simply does not have em. | |
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Is inflaton coming?
