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POLL: After this stimulus is passed, predict when the next gets passed!

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StageLeft

No Lifer
So it seems the gov is about to throw more money at this again. It's almost assured to not work all that well, jobs will keep going, money disappearing, etc. It's possible the government, should that happen, will say "ok, enough, no more stimulus packages", but I don't really buy it. The almost unwavering wisdom now is that if a little stimulus is good a lot is better, so when do you think the next stimulus package after this will be passed?

I've structured the poll so that if you think another will be in 2011 or later you basically can't answer, because that's just too far off to be relevant here.
 
I guess I'll go with Aug 09. This is a tough one to predict, especially the scope, but I think people will start asking for more and six months is enough time for things to get pretty rough and gov pushing for more. I don't think this will be the last, that just seems rather implausible.
 
The Democratic party hasn't had this much control of the government in years, their wish list is long, many pet projects to be supported.
 
I saw that JC Penney is going to discuss with Obama's team it's thoughts on propping up retail and the consumer. Retail is expected to lose 100,000/month for the next few months. Get ready for a retail bailout sometime soon.
 
Just after 2010 elections. I took the part that is earmarked for tax rebates (direct) and credits, took that times 7 and found that that can add roughly 10% to gdp over the next 2 years. If you think about the 8 trillion in deficits over last 8 years, to keep our fake economy rolling along, and Believe that Obama can keep that fake economy rolling for 1/2 that amount, then maybe, just maybe, we can get a bang for our fake bucks.
 
Well, "Nancy Pelosi's Stimulus" was passed in February 2008. The "bank bailout" started in March 2008 and continued on through November. Nothing much happened after the election until the inauguration, when the call for a "stimulus" started again.

So, it only took a couple months to realize the rebates failed. And it only took a couple of months to realize the bailout failed.

Logic leads me to believe people will be claiming the stimulus failed and we need more money in just a couple of months.

I vote April.
 
I predict at least two per year for the foreseeable future -- that is, until the day our entire economy collapses into rubble -- each with a cost of at least $1 trillion.

On top of each of those, I believe we'll see more "bailouts" as well; perhaps in the form of bills targeting specific industries (ie. Auto-bailout, steel-bailout, farming-bailout, etc)

Bet?
 
I voted August. I mean we can't have people suffering in this country can we? Paying for their own mistakes like overleveraging themselves or spending beyond their means? Heresy! It's someone else's fault they let me do it. I mean I shouldn't have been able to get this much credit to get myself in this much trouble.

Get my lawyer on the phone quick!
 
I will go out on a limb and say there will not be another one. There do appear to be some indicators that we have hit bottom and things are starting to pick up again.
 
I voted for next year I think the democrats will spend the rest of the year playing the fear card. Then early next year will pass another "stimulus" package that covers all the things that got cut out of this one.
 
What do you mean by next one exactly - one is passed every month or two just to meet spending. We will pass at least 2.5-3 trillion this year in deficit spending. Just wait until tax receipts, or lack there of, fail to roll in to the US Treasury. If you mean a huge stop gap type of deal Alt mortgages and commercial RE collapse will nessesitate one by June at latest. The stock market collapse will need one too.
 
I'm liking the odds of cashing in on my April bet more and more....

Presidential spokesman Robert Gibbs told reporters the White House was open-minded about another stimulus effort. But he stressed that there were no plans in the works for one.
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Link

It's my belief that whenever a politician opens their mouth, if they don't say "Unequivocally, no" they they really mean is "Yes".
 
Aug/Sep 2009. Roughly 750 billion excluding 150 billion for home mortgages and another 500 bill for banks. TARP II is excluded also.

Followed soon after by inflation exceeding 10% and unemployment remaining at 10%+ thru 2012.
 
Originally posted by: sandorski
June. Probably more focussed, but may be as much as $1.5trillion. $800 billion is far short of what's needed.
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Screw $1.5trillon. I think $6trillion is needed. Shit, lets just round up to $10T since we are at it.
 
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