Should Obama ask for additional fiscal stimulus now?

[sMiLeYz]

Those obviously aren't importaint, Wall-Street MUST be bailed out WHATEVER the cost!! SAVE THE RICH PEOPLE NOW!!!

uhhhh i don't think hes advocating a bailout for wall street

 

[JSt0rm]

We could build some choo-choo trains that nobody will ride!!!

 

[Throckmorton]

LOL. Apparently a lot of posters here don't know the difference between a stimulus and a bailout.

 

[Infohawk]

OP is even worse than the conservative hacks (and GWB) who were gloating about mandates after the 2004 elections because at least they had just won an election. But hacks on both sides are horrible. A short-term victory does not give you the right to try to push your ultra-partisan views on the majority of Americans who are moderates.

 

[nonlnear]

What do you think this is, some kid asking mom and dad for their allowance after cleaning their room?

Actually he seems to think this is some kid asking for their allowance before cleaning their room.

 

[Jaskalas]

uhhhh i don't think hes advocating a bailout for wall street

You may not see the government printing money as a bailout for wall street, but it sure as hell isn't a bailout for the poor. That is unless you think higher food/gas prices are just what they need.

 

[theeedude]

You may not see the government printing money as a bailout for wall street, but it sure as hell isn't a bailout for the poor. That is unless you think higher food/gas prices are just what they need.

It's not a bailout, it's jobs. And it's not printing money, it's borrowing. Printing money is what the Fed is going to have to do to resuscitate the economy if we don't have fiscal stimulus.

 

[sMiLeYz]

You may not see the government printing money as a bailout for wall street, but it sure as hell isn't a bailout for the poor. That is unless you think higher food/gas prices are just what they need.

a lil econ101

Bailout does not equal fiscal stimulus. Two entirely different things.

Printing money does not equal fiscal stimulus. Two entirely different things.

Gas and food are commodities on the market. Like other commodities they're highly violatile. Hence the difference between core inflation and headline inflation.

Worldwide droughts, crazy weather, and wildfires have to do with food prices around the world and unrest in the middle east, oil speculators, have alot more to do with food/gas prices than printing money or any kind of stimulus.

The price of oil is set on the open market, the US fiscal policy nor monetary policy has little to do with it.

 

[IGBT]

go ahead. I wana see what happens to the PBF's (poor broke fusks) when gas hits 10.00 a gallon and it's reflected in the price of all goods and services they need.

 

[Zebo]

a lil econ101

Bailout does not equal fiscal stimulus. Two entirely different things.

Printing money does not equal fiscal stimulus. Two entirely different things.

Gas and food are commodities on the market. Like other commodities they're highly violatile. Hence the difference between core inflation and headline inflation.

Worldwide droughts, crazy weather, and wildfires have to do with food prices around the world and unrest in the middle east, oil speculators, have alot more to do with food/gas prices than printing money or any kind of stimulus.

The price of oil is set on the open market, the US fiscal policy nor monetary policy has little to do with it.

Dollar is crashing and that has direct correlation to ginning up more without matching production. The dollar value is essentially our nations FICO score and it sucks. Someones who currency is stronger relative notices no change in oil prices.

 

[davmat787]

I am planning to purchase one soon, and have the means to do so, but if the Republicans are going to sit around and fiddle their thumbs while we fall back into recession, I'll wait a little longer until the full "benefits" of their economic policies kick in.
The solution to the problem faced by people whose houses are under water is to have more fiscal stimulus to create jobs to drive demand and higher prices for housing. It's not to have the government lay off people who are then forced to sell, flooding an already flooded market with more supply.

So your going to wait to buy when housing prices are at low levels because the meanie republicans are fiddling their thumbs? Even buying a home is a partisan decision for you?

 

[sMiLeYz]

Dollar is crashing and that has direct correlation to ginning up more without matching production. The dollar value is essentially our nations FICO score and it sucks. Someones who currency is stronger relative notices no change in oil prices.

Ok, I should clarify... printing money would have correlation with oil prices. It's still majority driven by speculation, production, supply/demand and geopolitical issues in the middle east.

Dollar is hardly crashing btw: http://www.marketwatch.com/story/oi...s-dollar-rises-2011-05-03?link=MW_latest_news

My point being is that fiscal stimulus would be a viable option for stimulating the economy, at inflation rates that bordering deflationary levels, and record unemployment the biggest concern.

 

[rudder]

Wait - the country is up to our eyeballs in debt, and your solution is to borrow *more*?

obama killed bin laden... no other leader is going to dare ask that we repay them. Borrow away!!!!

 

[Darwin333]

It's not a bailout, it's jobs. And it's not printing money, it's borrowing. Printing money is what the Fed is going to have to do to resuscitate the economy if we don't have fiscal stimulus.

So monetizing the debt is not printing money now?

 

[matt0611]

No, we're already "stimulating" too much by printing too many FRNs.

Do you see the price of food and gas going up?
Stocks are going up, gold and silver going up.

The dollar index is at a 3 year low and going to go lower.

We are just now seeing inflation from stimulus of last year, if you do another trillion dollar plus stimulus it will make matters even worse.

Don't you get what inflation will do to the poor? Don't understand how liberals support this stuff.

 

[QuantumPion]

No, we're already "stimulating" too much by printing too many FRNs.

Do you see the price of food and gas going up?
Stocks are going up, gold and silver going up.

The dollar index is at a 3 year low and going to go lower.

We are just now seeing inflation from stimulus of last year, if you do another trillion dollar plus stimulus it will make matters even worse.

Don't you get what inflation will do to the poor? Don't understand how liberals support this stuff.

Technically it's not inflation. Inflation means prices AND wages go up. Right now, only prices are going up. So the cause is the loss of value of the dollar, not inflation (so far).

LOL. Apparently a lot of posters here don't know the difference between a stimulus and a bailout.

What IS the difference then? I don't think giving money to sign factories to make "This sign paid for by Stimulus money" signs counts.

 

[PeshakJang]

Dollar is hardly crashing btw: http://www.marketwatch.com/story/oi...s-dollar-rises-2011-05-03?link=MW_latest_news

Really?...

http://www.marketwatch.com/investing/index/DXY/charts?chartType=interactive&countryCode=us

...Really?

My point being is that fiscal stimulus would be a viable option for stimulating the economy, at inflation rates that bordering deflationary levels, and record unemployment the biggest concern.

You should take Econ 101 before lecturing others on it. Economic experts, world leaders, and even defense experts all see our debt as the biggest threat to our future. If you paid attention, our long-term credit outlook got downgraded not too long ago.

We can't even quantify any substantial benefits directly relating to the trillions we've already spent... saying "we need to borrow more", when the entire world is screaming "STOP" is about as thoughtless an action as you could take.

 

[Londo_Jowo]

Ok, I should clarify... printing money would have correlation with oil prices. It's still majority driven by speculation, production, supply/demand and geopolitical issues in the middle east.

Dollar is hardly crashing btw: http://www.marketwatch.com/story/oi...s-dollar-rises-2011-05-03?link=MW_latest_news

My point being is that fiscal stimulus would be a viable option for stimulating the economy, at inflation rates that bordering deflationary levels, and record unemployment the biggest concern.

I guess you missed this part in your link.

“The greenback will likely weaken over the course of the week, returning a measure of stability to the energy markets,” analysts at MF Global said.

 

[sMiLeYz]

Really?...

You should take Econ 101 before lecturing others on it. Economic experts, world leaders, and even defense experts all see our debt as the biggest threat to our future. If you paid attention, our long-term credit outlook got downgraded not too long ago.

We can't even quantify any substantial benefits directly relating to the trillions we've already spent... saying "we need to borrow more", when the entire world is screaming "STOP" is about as thoughtless an action as you could take.

How is the debt the biggest threat to our future? The downgrade is due to threat of politcal gridlock rather than deficit spending.

We believe there is a significant risk that Congressional negotiations could result in no agreement on a medium-term fiscal strategy until after the fall 2012 Congressional and Presidential elections.

The worst thing that could happen is the debt ceiling not being raised, economically.

Treasury bond interest rates are at historic lows, that means its cheaper than dirt to deficit spend

 

[sMiLeYz]

I guess you missed this part in your link.

Error: Dollar crash not found

 

[sMiLeYz]

Great article here on what I'm talking about:
http://blogs.forbes.com/timothysieg...it-spending-works-to-defeat-a-liquidity-trap/

Why are so many so opposed to the use of an increased government deficit to combat a liquidity trap? Well, I believe the principal reason is that it sounds wrong. It sounds like we are trying to get something for nothing. Perhaps it sounds to some like a sort of hocus pocus magic that could not possibly work. There is a lot of that in the modern world. How can it possibly be that just by putting together a large enough mass of Uranium-235, an atomic explosion is created? That seems unbelievable. Aren’t explosions caused by the rapid oxidation of some explosive compound? There is a lot of peculiar counter‑intuitive stuff in our world. But if there is a blockage in the flow of money, just like a blockage in the flow of blood in a person, it must be addressed quickly to prevent terrible damage. Some place the struggle in the context of a Manichean struggle between the tendency to always increase government spending, due to the pressure of special interest groups, and the effort to stay this increase by ordinary citizens. It is just unfortunate that this generally correct perception is used when the great urgency of addressing a blockage in the stream of money flow should take absolute precedence.

It is true that the government debt will increase. This is undesirable, but the alternative of the continuing downward spiral is worse. And although government indebtedness should, in general, be avoided, it is also true that at the end of World War II that the national debt was larger, as a portion of the overall size of the economy, than it is today. And this high level of indebtedness did not cause any sort of a meltdown of society, but was instead gradually reduced to a benign level. It is also true that any time the government spends money, some of it will be wasted. Still, it is better than a self‑sustaining downward spiral.

 

[Londo_Jowo]

Error: Dollar crash not found

Error: Strong dollar not found

 

[sMiLeYz]

Error: Strong dollar not found

No one said anything about a strong dollar, something that might blow your mind: a strong dollar might be counter-productive in jump starting the economy. A weaker dollar would make American exports more attractive, and the US draw more investment

Countries like China artificially depress their currency relative to ours and exploit the strength of the dollar to grow their economy at our expense.

You're not going to see a dollar crash or heavily weaken dollar when it's not in the interest of other Central Banks that depend on exports for growth.

 

[Throckmorton]

Technically it's not inflation. Inflation means prices AND wages go up. Right now, only prices are going up. So the cause is the loss of value of the dollar, not inflation (so far).



What IS the difference then? I don't think giving money to sign factories to make "This sign paid for by Stimulus money" signs counts.

Stimulus = 55% spending on infrastructure etc + 35% tax cuts
Bailout = loan for banksters

 

[FuzzyBee]

Stimulus = 55% spending on infrastructure etc + 35% tax cuts
Bailout = loan for banksters

+10% ????

Profit!