I have been sitting on my hands, or maybe I should say I have been holding my tongue( try typing or ranting while holding your tongue between thumb and forefinger…not easy)
This stimulus package will never work. I wanted to give our new President the customary 100 day honeymoon, but the sewers are backing up, and the stench is overwhelming.
The stimulus bill totaling almost $1 trillion is a fantasy come true for left wing liberal causes.
This is payback for all of those dilligent working extremists who have waited for their pay day.
Let me be clear, during “normal” times a payback to “them that brung you to the dance” is a normal part of politics.
Every 4 years new people get elected and new paybacks result.
There are 2 differences this time. #1. We are in serious trouble, have wasted almost $1 trillion already and this new bill will at least double that number.
These are serious numbers, and we are fast running out of new assets.
As Barney Frank stated a few days ago, if this fails to stimulate the economy we don’t have many additional options.
Interest rates are close to zero, and the government printing presses can’t run any faster.
However, over 10% of the stimulus is for infrastructure, 15% will redistriute wealth from tax payers to non tax payers.
Nothing is being done for the small business, or the new entreprenure,
There have been estimates that fully 75 % of the spending will not hit the economy for 2-3 years, Way too little and way too late.
This is no stimulus. This is no help. This is a huge package of PORK, without the lipstick!
In conclusion, when you see the Stockmarket going up due to passage of this huge stimulus, duck, the wheels are falling off the bus.
First off, let’s just get it clear that “Nothing is being done for the small business, or the new entreprenure” is quite false. SOME things are being done, whether you are in favor or whether they are enough may be in question, but some things are being done.
Secondly, I feel it necessary to state that I don’t like the idea of spending ANOTHER trillion dollars to stimulate the economy. As if that first trillion (ok, 700 billion or so?) helped so much. But me, my brothers and my friends and all of those before and after us will be paying this off for the rest of our lives, and i naturally don’t like that. Did you know that the only time the U.S. government has not been in debt was during Andrew Jackson’s presidency? Interesting fact.
Anyway, I have a very important question. There was once a campaign for Charlie Champion for president. If Charlie Champion were president now, what would he do in Obama’s stead? It’s not even so much that I disagree, but I want to open a discussion. You disagree with Obama, and you have several things to say against what’s going on, but what is the alternative? One great strength of Obama’s is that he is willing to take counsel and advice from other people, knowing full well that he can’t possibly be on top of everything personally. He’s getting advice from the top people in the nation, and some of it is even bipartisan advice, and these are the ideas he is coming up with. It’s so easy to criticize, but what I want in my criticism, whether it be personal, artistic or political, is constructive criticism. Tell me what I’m doing wrong, and maybe I’ll stop, maybe not. Tell me what I’m doing wrong, and tell me how to do it right, and I have no reason not to listen.
There are several things that I would consider doing:
#1, Declare a withholding tax holiday for 2 or 3 months that would immediately put 35% additional money in every working persons paycheck
Instead of bailing out i would let the auto and bank industry declare chapter 11 bankrupcy this allows them to stay in business but forces them to reorganize, renegotiate with union contracts, place large debts in a payment plan
Instead of bailing out banks with cash i would set up a mortgage guarantee company and fund this directly to make mortgage loans, car loans, student loans etc. then I would let this new lender guarantee the failed mortgages(charge a fee) and give home owners time to pay what they can afford and hold on to their homes until real estate values go up again making the houses saleable.
I have 100’s of other ideas elect me and I will reveal all
This stimulus package is a bunch of pork payoffs and you are right this price will be paid by my children, grand children and great great grand children waste of time and money and it won’t work we will be worse off next year and the year after and much more in debt and strangled unde a much larger government telling us what to do and not do freedom first
good answers : )
Thank you.
I am writing a great story about a tribe of North American natives fighting an invading tribe from Asia, 8000 years ago
Fun
Stimulus Package…
Washington insider leaks what tax payers will receive from Obama\’s stimulus package!…
Excellent indeed. I have been looking for this information.