Originally posted by Dick Valentine
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Democrat or Republican, we should all agree on this...
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What is your alternative plan to deal with the wounded economy? Bush agreed with the idea that a huge government stimulus package was required, as did McCain. So of course Obama has pushed it through and now it is "Socialist Folly". Naturally that means that you republicans have a much better solution. Well don't keep it to yourself...
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Originally posted by squealpiggy View PostWhat is your alternative plan to deal with the wounded economy? Bush agreed with the idea that a huge government stimulus package was required, as did McCain. So of course Obama has pushed it through and now it is "Socialist Folly". Naturally that means that you republicans have a much better solution. Well don't keep it to yourself...
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Originally posted by squealpiggy View PostWhat is your alternative plan to deal with the wounded economy? Bush agreed with the idea that a huge government stimulus package was required, as did McCain. So of course Obama has pushed it through and now it is "Socialist Folly". Naturally that means that you republicans have a much better solution. Well don't keep it to yourself...
The problem is there is so much government involvement and legislation right now investors are just going to pull their money out and see whats what after the dust settles.
The Congressional Budget Office said this bail out plan was so bad, that doing nothing would have been better.
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I was all for the bill as my area in infrastructure needs the money and to be honest the roads and bridges are all ****ed and the work needs to be done anyways so now is a good time to do it and get people working again.
But only about 150-160 billion of that bill goes to infrastructure and that is total towards infrastructure not just roadways... So what the **** is all the other 700 billion going towards? Christ man they are really ****ing things up. They could have had spent 1/4th the size that they did. And all this federal spending on education because politicians wont vote down education as it looks bad.... but the thing is that education has traditionally been handled by the states and their own taxes and I see no reason that a huge federal investment in it is needed.
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Originally posted by squealpiggy View PostWhat is your alternative plan to deal with the wounded economy? Bush agreed with the idea that a huge government stimulus package was required, as did McCain. So of course Obama has pushed it through and now it is "Socialist Folly". Naturally that means that you republicans have a much better solution. Well don't keep it to yourself...
A single individual would never be allowed to act this way fiscally. He or she would be on the verge of bankruptcy, and the bank would laugh in their face at the prospect of a loan.
In a way this bill is somewhat fitting, b/c the majority of Americans are constantly in the red...constantly living beyond their means. You can make a strong case that these collective actions by Americans is one of the prime causes of the global economic meltdown.
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Originally posted by Dick Valentine View PostSlash the corporate tax rate and capitol gains taxes in half. You have to admit the markets would take off.
The problem is there is so much government involvement and legislation right now investors are just going to pull their money out and see whats what after the dust settles.
The Congressional Budget Office said this bail out plan was so bad, that doing nothing would have been better.
The best form of stimulus at this point in time is engaging in overdue public works type spending. It needs to create jobs and get the economy moving.
The banks need protecting. The auto industry is difficult because it is part of so many adjacent industries so there's an argument to be made for keeping it ticking along, though that makes me very uncomfortable.
Beyond that I would suggest that building transit systems and new roadways as well as repairing the the things you already have will create skilled jobs paying well and will also be of benefit in the long run.
Expanding public healthcare will also create jobs and be of long term benefit.
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