House Democrats Present $825 Billion Stimulus Package

[Mursilis]

They intend to show how disasterous the prior Bush deficits were by making them worse? Interesting strategy. Well, I guess the streak lives - a Democratic Congress hasn't passed a balanced budget since the year I was born, and I guess they don't plan on changing that fact anytime soon.

 

[theeedude]

A republican president hasn't signed a balanced budget since the year I was born either. Also, only people completely ignorant of economics advocate running a balanced budget during a recession like this. There is time for deficits, and now is it.

 

[Jaskalas]

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.

If we ever used this logic, we wouldn't tax them.

 

[Budmantom]

Change..... pocket change.... that's Barrack Hussein Obama's plan.

 

[Dissipate]

Originally posted by: Jaskalas

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.

If we ever used this logic, we wouldn't tax them.

Tax who? Corporations?

 

[BoberFett]

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.

I put an offer on a house a couple weeks ago. I'm doing my part. :thumbsup:

 

[MovingTarget]

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 are treated as people/individuals under the law, so I guess that's the logic here.

Fixed?

 

[BigJelly]

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.

more like big labor unions

Watch as almost every construction project will require labor unions.

Democrats take your money and spend it on stimuating the economy
most of the stimuation is constrution that demands labor unions
labor unions line their pockets and give money to the democrats

So the democrats get to say they will spend government money (government money definition: your money the government steals in the action known as taxes) on "stimulating the economy" which lines their coffers come re-election time.

Basically we are forced to bribe the democrats with our own tax money.

Change you can believe in...

 

[dmcowen674]

Originally posted by: BigJelly

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.

more like big labor unions

Watch as almost every construction project will require labor unions.

Democrats take your money and spend it on stimuating the economy
most of the stimuation is contrustion that demands labor unions
labor unions line their pockets and give money to the democrats

So the democrats get to say they will spend government money (government moeny definition: your money the government steals in the action known as taxes) on "stimulating the economy" which lines their coffers come re-election time.

Basically we are forced to bribe the democrats with our own tax money.

Change you can believe in...

-------------------------
A Member of the VAST RIGHT WING CONSPIRACY

At least you know your place

 

[CADsortaGUY]

Originally posted by: BigJelly

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.

more like big labor unions

Watch as almost every construction project will require labor unions.

Democrats take your money and spend it on stimuating the economy
most of the stimuation is contrustion that demands labor unions
labor unions line their pockets and give money to the democrats

So the democrats get to say they will spend government money (government moeny definition: your money the government steals in the action known as taxes) on "stimulating the economy" which lines their coffers come re-election time.

Basically we are forced to bribe the democrats with our own tax money.

Change you can believe in...

Shush now.... don't you know that the money doesn't go to unions? It goes to businesses - not unions.... at least in the simple minds of the liberals around here.

You did quite well summing it up. bribe the liberals with our own tax money.

 

[alphatarget1]

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.

I would love 30% APY CDs. I'd be able to pay off my subsidized student loans in no time!

 

[Starbuck1975]

A republican president hasn't signed a balanced budget since the year I was born either. Also, only people completely ignorant of economics advocate running a balanced budget during a recession like this. There is time for deficits, and now is it.

That doesn't remove the need for responsibility and accountability on how the government intends to manage the projects or plans causing the deficit...all I see is Congress throwing money at the problem.

 

[herkulease]

Does this package included money for the porn industry?

 

[her209]

Originally posted by: 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.

This sounds exactly like how defense spending is spent!

 

[Bowfinger]

Originally posted by: CADsortaGUY

Originally posted by: BigJelly
more like big labor unions

Watch as almost every construction project will require labor unions.

Democrats take your money and spend it on stimuating the economy
most of the stimuation is contrustion that demands labor unions
labor unions line their pockets and give money to the democrats

So the democrats get to say they will spend government money (government moeny definition: your money the government steals in the action known as taxes) on "stimulating the economy" which lines their coffers come re-election time.

Basically we are forced to bribe the democrats with our own tax money.

Change you can believe in...

Shush now.... don't you know that the money doesn't go to unions? It goes to businesses - not unions.... at least in the simple minds of the liberals around here.

You did quite well summing it up. bribe the liberals with our own tax money.

:laugh:

Dumb and Dumber, whipping each other into an anti-union froth. I guess when you can't flog the Terrorist! bogeyman, the Unions! bogeyman is almost as good for shepherding the faithful. Baaaa ... err ... Boo!

Let's assume for the sake of argument that much of this $825B will fund construction projects performed by union workers (speculation at this point, but let's go with it). So what? So. Fscking. What?

In spite of the insinuations of their breathless anti-union hysteria, that doesn't mean Uncle Sugar is handing a big check to the labor unions. Instead, we're handing big checks to construction companies, companies owned by businessmen and investors. These companies will, in turn, write big checks to other companies selling construction materials -- concrete, steel, lumber, etc. -- construction equipment, and construction-related services. Many of these companies -- owned by businessmen and investors, remember -- will then have to hire people, primarily American taxpayers, to perform the work and make the construction materials. That's hiring people as in JOBS, EMPLOYMENT, PAYCHECKS, used for buying goods, paying bills, paying inflated interest rates to the finance companies we bailed out, generally putting money into the economy, that sort of thing ... and oh yes, some of them will pay a sliver of their wages to the BIG! BAD! LABOR UNIONS! Labor unions, I tell you! Oh the humanity! And yes, the biggest horror of all, some of those dastardly labor unions will take a small portion of those dues -- but only a small portion, because most union dues go for yachts and mansions and hookers for the union bosses, you know -- and contribute to Democratic political campaigns. Harrumph!!!

Thank God none of those business owners and investors will make any money out of this. And thank God no business owners and investors are Republicans. Because, you know, if there were any Republican businessmen and investors who made any money from these hundreds of billions of dollars in hypothetical "union" construction projects, some of them might, just maybe make contributions to Republican campaigns. And we know that can't be the case, because that negates the premise of the Dumber Boys, exposing them as myopic partisan tools. Never, ever, ever ... about anything, you know. (By the way, I assume they were equally outraged at all the fat government contracts that went to Republican-friendly defense contractors like Halliburton, right? Right? Hello? Bueller?)


Sarcasm aside, I'm not at all pleased with the Demlicans and Republicrats continuing to write staggering I.O.U.s to my children. It reminds me of our strategery in Iraq. We're going to destroy the economy in order to save it. I'm concerned the next few decades may become unbearably ugly for Americans.

 

[Zebo]

Originally posted by: alphatarget1

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.

I would love 30% APY CDs. I'd be able to pay off my subsidized student loans in no time!

Yes and don't forget salaries go up with inflation too, albeit slower than immediate profits if you own a business - anyway, it will make paying off the cheap debt a breeze even of you don't have cash for CD's.

Those who have cash, cash flow or a decent job should do very well of they plan right.

I am buying gold right now with what little cash I have until rates go up then MM or CD's if and when rates go up. I have 3 houses locked in (I'm a dabbling builder who can't sell anything), oil and gas leases, and our liquor store at less than 5%.

 

[Mursilis]

Originally posted by: Bowfinger
Sarcasm aside, I'm not at all pleased with the Demlicans and Republicrats continuing to write staggering I.O.U.s to my children. It reminds me of our strategery in Iraq. We're going to destroy the economy in order to save it. I'm concerned the next few decades may become unbearably ugly for Americans.

Thank you. That's the problem in a nutshell, and I totally agree.

 

[mooseracing]

Originally posted by: Mursilis

Originally posted by: Bowfinger
Sarcasm aside, I'm not at all pleased with the Demlicans and Republicrats continuing to write staggering I.O.U.s to my children. It reminds me of our strategery in Iraq. We're going to destroy the economy in order to save it. I'm concerned the next few decades may become unbearably ugly for Americans.

Thank you. That's the problem in a nutshell, and I totally agree.

Yep, when has just putting the country in a deep debt hole helped before?

Right now we are digging a hole so deep, I don't think it will ever start to fill in, let alone slow down.


Sooner or later this is going to catch up and ruin our country and we will no longer be more advanced than others.

 

[Wreckem]

Originally posted by: 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.

Im betting on massive inflation over the long term.

 

[JS80]

Originally posted by: Zebo

Originally posted by: alphatarget1

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.

I would love 30% APY CDs. I'd be able to pay off my subsidized student loans in no time!

Yes and don't forget salaries go up with inflation too, albeit slower than immediate profits if you own a business - anyway, it will make paying off the cheap debt a breeze even of you don't have cash for CD's.

Those who have cash, cash flow or a decent job should do very well of they plan right.

I am buying gold right now with what little cash I have until rates go up then MM or CD's if and when rates go up. I have 3 houses locked in (I'm a dabbling builder who can't sell anything), oil and gas leases, and our liquor store at less than 5%.

Who's going to want a shiney metal when the world is burning down?

 

[smokeyjoe]

Satan exchanges shiny things for a chip in your arm. Cashless society on the way!~

 

[BigJelly]

Originally posted by: Wreckem

Originally posted by: 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.

Im betting on massive inflation over the long term.

in 2-3 years I'm expecting double digit inflation; helicopter Ben to the rescue