House Democrats Present $825 Billion Stimulus Package

[ericlp]

http://www.washingtonpost.com/...2054.html?hpid=topnews

House Democrats unveiled a two-year stimulus package worth $825 billion that directs more to new government spending and less to tax cuts than president-elect Barack Obama proposed in his stimulus outline last week.


Startup the printing presses!!!


I was not for the 700+ one ... I think they should just cut the BS and make it a trillion already...


How much is enough? When do we run out of money? Oh well... So much for change.

 

[DisgruntledVirus]

Originally posted by: ericlp
How much is enough? When do we run out of money? Oh well... So much for change.

As long as we have printing presses we shall never run out of money

 

[OCGuy]

:music: Change change
Obama's gunna change
change change change :music:

 

[Fingolfin269]

So $700B to the banks plus $825B plus whatever the last one was. Yeah these stimulus plans are stimulating something.

 

[fskimospy]

I'm confused (once again) by the LOL CHANGE crowd. Something similar to this is exactly what he stated he was going to do all along. Change didn't mean "change to whatever it is that you wanted".

 

[Genx87]

When this fails to stimulate the economy in any meaningful way and bring us out of this mess we can lay Keynesian economics back to bed after its nearly 30+ years slumber.

People seem to forget the 1970's saw an end to this style of govt intervention because we ran into a similar brick wall. Stagflation, high unemployment, and eventually ridiculous amounts of inflation.

 

[JSt0rm]

Originally posted by: eskimospy
I'm confused (once again) by the LOL CHANGE crowd. Something similar to this is exactly what he stated he was going to do all along. Change didn't mean "change to whatever it is that you wanted".

It's because they never actually pay attention to anything he says. cognitive dissonance.

 

[Skitzer]

This turns my stomach. First the Financial Institution bailouts, (which in my opinion did absolutely nothing), and now this.
Why the hell are we pissing away all this money?
We should be freezing all federal spending except for essential programs not spending like there's no tomorrow.
Let the banks and businesses fold ........ why do I have to pay for their incompetence?

 

[Sinsear]

Change we can believe in...

 

[umbrella39]

Originally posted by: Ocguy31
:music: Change change
Obama's gunna change
change change change :music:

I am betting that you can hit 5000 troll posts with this account by the time March 14th rolls around. Go go go Zendari lite.

 

[nageov3t]

what was that line about insanity being doing the same thing over and over again and expecting different results?

 

[Dissipate]

Originally posted by: Genx87
When this fails to stimulate the economy in any meaningful way and bring us out of this mess we can lay Keynesian economics back to bed after its nearly 30+ years slumber.

People seem to forget the 1970's saw an end to this style of govt intervention because we ran into a similar brick wall. Stagflation, high unemployment, and eventually ridiculous amounts of inflation.

But if that $1 trillion was given to the military then you would be happy.

 

[Sinsear]

Originally posted by: loki8481
what was that line about insanity being doing the same thing over and over again and expecting different results?

Change we can believe in?

 

[spidey07]

I didn't think congress approval ratings could get any lower. This will seal the deal. Agree that it is simply nauseating.

 

[Jaskalas]

Originally posted by: Dissipate

Originally posted by: Genx87
When this fails to stimulate the economy in any meaningful way and bring us out of this mess we can lay Keynesian economics back to bed after its nearly 30+ years slumber.

People seem to forget the 1970's saw an end to this style of govt intervention because we ran into a similar brick wall. Stagflation, high unemployment, and eventually ridiculous amounts of inflation.

But if that $1 trillion was given to the military then you would be happy.

How much of this $1 trillion is going to the people? Far as I know the vast majority of it is going to big corporations.

 

[2Xtreme21]

Originally posted by: Jaskalas

Originally posted by: Dissipate

Originally posted by: Genx87
When this fails to stimulate the economy in any meaningful way and bring us out of this mess we can lay Keynesian economics back to bed after its nearly 30+ years slumber.

People seem to forget the 1970's saw an end to this style of govt intervention because we ran into a similar brick wall. Stagflation, high unemployment, and eventually ridiculous amounts of inflation.

But if that $1 trillion was given to the military then you would be happy.

How much of this $1 trillion is going to the people? Far as I know the vast majority of it is going to big corporations.

Thought he was going to use the majority for infrastructure.

And I won't be as vilely disgusted by this as long as they're some fucking accountability with this money. The fact that no one knows what happened to the $300 billion that was given to banks just absolutely sickens me.

 

[Genx87]

Originally posted by: Dissipate

Originally posted by: Genx87
When this fails to stimulate the economy in any meaningful way and bring us out of this mess we can lay Keynesian economics back to bed after its nearly 30+ years slumber.

People seem to forget the 1970's saw an end to this style of govt intervention because we ran into a similar brick wall. Stagflation, high unemployment, and eventually ridiculous amounts of inflation.

But if that $1 trillion was given to the military then you would be happy.

Not at all.

 

[BoberFett]

Originally posted by: umbrella39

Originally posted by: Ocguy31
:music: Change change
Obama's gunna change
change change change :music:

I am betting that you can hit 5000 troll posts with this account by the time March 14th rolls around. Go go go Zendari lite.

You've got almost 6000, so he's got a ways to go to catch up to you, sparky.

 

[BoberFett]

Originally posted by: 2Xtreme21

Originally posted by: Jaskalas

Originally posted by: Dissipate

Originally posted by: Genx87
When this fails to stimulate the economy in any meaningful way and bring us out of this mess we can lay Keynesian economics back to bed after its nearly 30+ years slumber.

People seem to forget the 1970's saw an end to this style of govt intervention because we ran into a similar brick wall. Stagflation, high unemployment, and eventually ridiculous amounts of inflation.

But if that $1 trillion was given to the military then you would be happy.

How much of this $1 trillion is going to the people? Far as I know the vast majority of it is going to big corporations.

Thought he was going to use the majority for infrastructure.

And I won't be as vilely disgusted by this as long as they're some fucking accountability with this money. The fact that no one knows what happened to the $300 billion that was given to banks just absolutely sickens me.

Who do you think builds infrastructure? Are AT&T and Halliburton run by the little guy?

 

[Dissipate]

Originally posted by: Jaskalas
How much of this $1 trillion is going to the people? Far as I know the vast majority of it is going to big corporations.

Corporations have people in them, so I guess that's the logic here.

 

[Genx87]

Originally posted by: Dissipate

Originally posted by: Jaskalas
How much of this $1 trillion is going to the people? Far as I know the vast majority of it is going to big corporations.

Corporations have people in them, so I guess that's the logic here.

Heh this is the same idea as trickle down that it will create jobs for the ants. The difference is the govt actually writes them the check and tells them to build something. So I guess in some regards it actually gets the money into their hands and a project that employs people going. Of course the cost is much higher. And IMO it is all articial creation anyways. When the money is gone and the project done the job goes away and we the tax payer are left with a giant bill.

The bottom line is the rich will get rich off this big time. The govt accountability is laughable at best. They may try to put restrictions on pay ect ect. But expect many of these projects to go over budget and the people running them to cash in.

I have been part of a major govt project before. It was nothing but a boondoggle for everybody involved.

 

[Zebo]

I hope all of you have locked in all your debt at the lowest rates I can ever remember - I expect 30-40% interest rates easy by end of the year due to increases in money supply and shrunken tax revenues increasing money supply more than expected still.

 

[Genx87]

Originally posted by: Zebo
I hope all of you have locked in all your debt at the lowest rates I can ever remember - I expect 30-40% interest rates easy by end of the year due to increases in money supply and shrunken tax revenues increasing money supply more than expected still.

It will be interesting to see when the economy comes back what happens to this injection of cash. Right now we are in a delfationary period so we dont feel the effects. But when it turns around inflation will come back with a fury. I need to refinance my home. Hope I can get it done soon hehe.

 

[JSt0rm]

how much cash evaporated? Aren't they just putting all that back into the system via taxpayer iou's? Why would we get hyper inflation from that? (honestly asking, finance is not my business)

 

[Dissipate]

Originally posted by: JSt0rm01
how much cash evaporated? Aren't they just putting all that back into the system via taxpayer iou's? Why would we get hyper inflation from that? (honestly asking, finance is not my business)

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