LOL@The 40k Capitalists in here.
Capitalism is dead. It doesn't work.
Its time to try something new.
Capitalism is dead. It doesn't work.
Its time to try something new.
I think it will maybe lessen the severity of the recession, but only time will turn it around.
I don't think the person who said people will save their stimulus money is correct. Most people are foolish with money (see current economy as proof) and will likely blow it.
I don't think the person who said people will save their stimulus money is correct. Most people are foolish with money (see current economy as proof) and will likely blow it.
Most of it is not a stimulus. You are not going to get a $6700 check. Most of it is spending programs on welfare. Stuff like food stamps and health benefits. Another chunk of it is in improvements, like money for education and roads and bridges. There is a chunk for tax cuts, which is the only true method that the government has to stimulate the economy (and the most effective).
I am disappointed that the Democrats (Obama and the two houses of Congress) are forcing so much spending into the bill. This is not the time for the country to increase their spending so much when we are struggling financially.
If you want to stimulate the economy, and then enact the welfare programs; then we can talk. But to do both at the same time is a dangerous strategy. Our nation's debt is getting ridiculous.
And we are not even talking about the current problems with our credit ratings, and how this may affect our ability to sell our debt to other countries when we need money.
And we are not talking about the huge inflationary trend that will rock the US where all of our money liquidity (read money printing) policies come home to roost.
This is going to be a long recession. I would prefer the current administration to emphasize leaner govt, more people helping each other using community service (what happened to this promise from Obama's campaign?), and an intelligent plan for incorporating a much needed financial class added to our education system.
I am disappointed that the Democrats (Obama and the two houses of Congress) are forcing so much spending into the bill. This is not the time for the country to increase their spending so much when we are struggling financially.
If you want to stimulate the economy, and then enact the welfare programs; then we can talk. But to do both at the same time is a dangerous strategy. Our nation's debt is getting ridiculous.
And we are not even talking about the current problems with our credit ratings, and how this may affect our ability to sell our debt to other countries when we need money.
And we are not talking about the huge inflationary trend that will rock the US where all of our money liquidity (read money printing) policies come home to roost.
This is going to be a long recession. I would prefer the current administration to emphasize leaner govt, more people helping each other using community service (what happened to this promise from Obama's campaign?), and an intelligent plan for incorporating a much needed financial class added to our education system.
Just wait for the people with the Option ARM loans to have their new rates kick in. What was once an $800-1000/month payment will now be about $1500.
It will be the sub-prime mess all over again, unless these current bills in congress and the mortgage companies own up to what they are saying about stemming foreclosures.
It will be the sub-prime mess all over again, unless these current bills in congress and the mortgage companies own up to what they are saying about stemming foreclosures.
judasmachine
Diamond Member
- Sep 15, 2002
- 8,515
- 3
- 81
You have far too much faith in people. Yes some will save it, others will run right down to the corner store and blow it on lottery tickets.
Shaka.... when the walls fell
Milton Friedman.... his head hung low
Karl Marx.... his dream realized
Milton Friedman.... his head hung low
Karl Marx.... his dream realized
judasmachine
Diamond Member
- Sep 15, 2002
- 8,515
- 3
- 81
We need a law that says senators and congressmen can't vote on a bill they haven't read in it's entirety
How about communism?
Capitalism isn't dead you dolt. This is what it does. The people who got too greedy should be getting fucked right now, not bailed out by an overzealous people pleaser.
yep. the people that are "poor and struggling" are that way for a reason -- they don't know how to frickin' save.
Considering what? 66% of people who got a stimulus check LAST TIME never spent it. So with smaller amounts, people are less likely to save it..., I guess.
It may only be $8.00 a week, and yes, it should be more if they REALLY want to jump start this economy...I'll simply set that $8 aside each week and by the time December rolls around I'll have an extra house payment, for others it could be an extra car payment, Christmas presents, or couple of bills paid for the month of December....so something good can come of it if you use it right.
Fingolfin269
Lifer
- Feb 28, 2003
- 17,948
- 34
- 91
No, those people are going to be rewarded for their idiocy by being told to keep their huge ass houses... the taxpayers will help you.
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