Comments on: At A Wrap Rate of 733.33%, Does America Deserve Damnation?

By: The_Gadfly

The_Gadfly — Mon, 19 Oct 2009 19:38:52 +0000

Most people’s eyes (mine included even though I fight it) glaze over when you start talking wrap rates, directs, indirects, etc. But when you tell them every job “saved or created” cost $500,000 they want to know what the *#$%*$&! is going on.

BTW: I got $483,000 per job when I ran the numbers you provided, so I’m assuming there were some additional numbers after the 16 for your calculation. In any event, it is easier for people to remember half a mill than $483,000.

By: redneck_hippie

redneck_hippie — Sun, 18 Oct 2009 16:58:03 +0000

to put collectivists into power and call it the super wrap rate.

By: Achance

Achance — Sun, 18 Oct 2009 16:37:59 +0000

and all the indirect costs are calculated into the cost of a job. In this case, the indirect costs are the issue in that it is costing many multiples of the salary and benefits in indirect costs to put the job in the workplace.

By: Mike gamecock DeVine

Mike gamecock DeVine — Sun, 18 Oct 2009 16:17:43 +0000

By: Repair_Man_Jack

Repair_Man_Jack — Sat, 17 Oct 2009 16:17:19 +0000

That’s your multiplier, Civil. I guess I’d get a Nobel Prize for accidentally taking its inverse.

By: Richard Mullins

Richard Mullins — Sat, 17 Oct 2009 16:12:31 +0000

that and the swamps and super progressive tax rates. Could have seen DOOM from miles away. 25:3 ratio means that 21 out of the 25 floats in the air and is a vapor.

By: civil_truth

civil_truth — Sat, 17 Oct 2009 16:11:41 +0000

I'm sure Paul Krugman has it all worked out in his economic sows-ears-to-silk-purses factory next to his fairy-dust-and-unicorns farm. But wait until you see the wrap rate for Cap and ~~Trade~~, That will blow these ratios out of the water, I suspect. In fact, we'll probably have a negative wrap rate (or perhaps it's an imaginary number - however you calculate a wrap rate for expenditures that cause job losses).

By: Repair_Man_Jack

Repair_Man_Jack — Sat, 17 Oct 2009 15:53:55 +0000

We get almost, but not quite $100Bn worth of stimulus out of a $787Bn package. It’s time to ask the stimulus-backers how’s that swamp condo working out?

By: Richard Mullins

Richard Mullins — Sat, 17 Oct 2009 15:19:08 +0000

likewise you can’t toss money out and simply expect it to do anything. So what are we to expect all these years and especially now after tossing $787B out the door.

By: janis

janis — Sat, 17 Oct 2009 15:12:56 +0000

One percent is way too low. Yes, the politicians and those who batten off of them and their byproducts fall into that 1%, but there are millions more in this country who don’t love America and who loathe everything she has ever stood for, while still living here and reaping the rewards of of what used to be free markets and capitalism plus individual freedoms.

Those are the ones who knowingly and proudly elected what’s running this country into the ground and they fully deserve as much damnation as we can shove their way, were we to have the power to do so.

By: Richard Mullins

Richard Mullins — Sat, 17 Oct 2009 15:12:50 +0000

the Democratic party instead of dealing with the fact that what the did was against the law, played politics. The other guys do it was a cover for their misdeeds. We that shouldn’t work on those that think, but too they figure it out and we are paying the price. As for getting rid of waste and inefficiency, both the Republican and Democratic congressman follow the Yasser Arafat rule of dealing with constituents, say one thing to them and then do something different. Also, we the people love free money(we’ll it’s really not free but that what being told).

By: Uma Richie

Uma Richie — Sat, 17 Oct 2009 14:51:16 +0000

a HuffPo premise, do you have a ballpark of how the “stimulus” compares against whatever Haliburton issue the left keeps waving in our faces? They overcharged for chow hall services, right? So Haliburton charged the taxpayer X for a dinner. The stimulus is the equivalent of Haliburton charging Y for a dinner. I just don’t know what X and Y are.

Anyway, thanks for your analysis. The 25:3 figure is great for repeating.

By: Achance

Achance — Sat, 17 Oct 2009 14:50:47 +0000

should care about waste and inefficiency; they live on it! They are actually very competent with corruption. Republicans are incompetent at it, get caught, and that’s how we became the “culture of corruption.” If Randy Cunningham had been a Democrat, he’d have set up a bunch of non-profits to “study” defense-related things, ear-marked a few billion to them every year, and hired a good accountant to rake off his piece into nice numbered accounts offshore. By now he’d be a multi-millionaire Senator instead of a convicted felon.

By: Repair_Man_Jack

Repair_Man_Jack — Sat, 17 Oct 2009 14:36:51 +0000

Nobody cares how the KC Chiefs got to 0-5. Corruption and incompetence accomplish the same disaster in the end.

By: Repair_Man_Jack

Repair_Man_Jack — Sat, 17 Oct 2009 14:35:21 +0000

About 1% of us deserve damnation. Those who know what’s going on, have known for at least two decades, and have shown no interest whatsoever in slowing the growth of entitlement spending or the mentality that accompanies it.

If 52% of the US deserved damnation, I’d have already brushed up on my Spanish and gone somewhere lush and tropical down South.

By: Achance

Achance — Sat, 17 Oct 2009 14:33:43 +0000

Though not pushed completely out of the trough as they should have been, Democrats have had limited stealing privileges since ’94 because of Republican oppression. GWB even went so far as to try to force salary and expense disclosure from the unions. Didn’t he know that NOBODY enforces that silly law?

The “stimulus” was to stimulate a specific set of Democrat constituencies and to make up for their “losses” during the dark days of Republican control. Now things like pimps and hos have kinda interfered with ACORN getting back on track with their walking around money, but they’ll just stand up another non-profit and funnel the money there – after a little training about how to talk to people who want to start up a whorehouse in the ‘hood.

By: janis

janis — Sat, 17 Oct 2009 14:14:28 +0000

But unfortunately the rest of us will go down with the ship as well. This day has been coming for quite a while now, has needed to come, and yet the ones who have looked forward to our demise as a world power have no true idea of just how vile things are going to get without America to beat back the darkness.

It’s akin to living in the last days of the Roman Empire in Britain.