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#31
Old 02-28-2009, 03:54 AM
!! Shawn
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Originally Posted by Dick Valentine View Post
I'll admit nobody knows if it will work. But this strategy has never worked before. So if it does work. It will be the first time.
Not only has it never worked before. It didn't work last year when we tried it.
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#32
Old 02-28-2009, 03:57 AM
Vladimir303
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Originally Posted by !! Shawn View Post
Not only has it never worked before. It didn't work last year when we tried it.
That was a bank bailout, and spender in chief Pres. Bush was one of the first to support the bailout.

This is a stimulus, alot different.
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#33
Old 02-28-2009, 04:01 AM
Vladimir303
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Originally Posted by Dick Valentine View Post
Your aware that Obama was a Senator right? Well he voted Bush's last budget bill through. Maybe the last two budgets.
You're talking about the 87mill war budget??? He has been through that in the election.
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#34
Old 02-28-2009, 09:24 AM
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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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#35
Old 02-28-2009, 11:48 AM
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Originally Posted by Vladimir303 View Post
That was a bank bailout, and spender in chief Pres. Bush was one of the first to support the bailout.

This is a stimulus, alot different.
Because we didn't do one of those either... what an idiot.
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#36
Old 02-28-2009, 11:48 AM
!! Shawn
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Quote:
Originally Posted by squealpiggy View Post
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...
Bush is also an idiot.
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#37
Old 02-28-2009, 11:59 AM
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Quote:
Originally Posted by squealpiggy View Post
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...
Slash 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.
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#38
Old 02-28-2009, 12:59 PM
elfag
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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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#39
Old 02-28-2009, 02:52 PM
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Originally Posted by squealpiggy View Post
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...
Have you looked at the dynamics of the bill? Or are you just throwing your two cents in without doing any research because the bill wasn't titled "Jesus Saves." If you look at the breakdown of the bill, and can make a post telling me how each category of the 792 billion will immediately stimulate the economy, I will take a picture of myself butt naked with my thumb in my butt and post it on boxingscene.

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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#40
Old 02-28-2009, 03:18 PM
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Quote:
Originally Posted by Dick Valentine View Post
Slash 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.
People still are not spending. Cutting tax rates isn't going to make the public buy American. It isn't going to save peoples' houses. It isn't going to stop the slide. Besides which, if you slash the tax rate what happens to the existing deficit? What happens to the US war effort?

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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