Senate passes stimulus package...

[SteveInBrooklyn]

Probably because the current plans have been to do absolutely nothing except walk around saying the "economy is fundamentally sound" and we can see how well that's been working.

Exactly.

 

[Anewman]

Why did you break apart my sentence to prove a point? Try to read the whole sentence next time, when I said they didnt do it because of greed.

Ok
they didnt do it because of greed????



They still did it.

 

[bsnyder]

Probably because the current plans have been to do absolutely nothing except walk around saying the "economy is fundamentally sound" and we can see how well that's been working.

There are a number of plans out there that have been proposed by conservatives in Congress and in the private sector.

Perhaps you need to broaden your news sources.

 

[Master Mason]

Probably because the current plans have been to do absolutely nothing except walk around saying the "economy is fundamentally sound" and we can see how well that's been working.

So you missed that stimulous package last year, or the bank bail out of last year.... Seams like what has been happening is throwing good money after bad to me.

 

[Anewman]

Probably because the current plans have been to do absolutely nothing except walk around saying the "economy is fundamentally sound" and we can see how well that's been working.

Same person that kept repeating that, is now an expert on the economy.

 

[SteveInBrooklyn]

So you missed that stimulous package last year, or the bank bail out of last year.... Seams like what has been happening is throwing good money after bad to me.

Last year's stimulus package was an utter failure, and guys like Krugman said it would be.

 

[moburg]

Wall Street expresses it's opinion...

DJIA 7,888.88 -381.99 -4.62%

 

[eliza61]

So you missed that stimulous package last year, or the bank bail out of last year.... Seams like what has been happening is throwing good money after bad to me.

Nope didn't miss them, but look how they came about, because we floated along on a cloud of "life is happy, be happy" for 12 years. How did we go from "economically sound" on Tuesday to "I'm suspending my campaign to deal with the economic collaspe" on the very next Friday and we need 700 billion bucks a week later.

I totally agree and have already agreed Bailouts are bad but what's worse is pretending the system is working.

I've got a novel idea, we use it in medicine quite a lot. Diagnose the cancer, cut the cancer out before it spreads to the entire body, then treat the body. Not stick our heads in the sand for 12 years until stage 4 terminal and then scream "the sky is falling" when it's too late.

 

[Master Mason]

Last year's stimulus package was an utter failure, and guys like Krugman said it would be.

So hey lets throw even more money at the problem, cause the last time we did it it helped so much.

 

[DisneyBamaFan]

Wall Street expresses it's opinion...

DJIA 7,888.88 -381.99 -4.62%

Wall Street is driven by emotion. It has nothing to do with the state of the economy other than, but weakening, it can worsen, or by strengthening, it can stimulate the economy by providing or removing income from investors.

Seriously, the day to day fluctuations of the stock market are meaningless...

 

[karensi]

I fail to see how senior citizens will be negatively impacted.

Just read the threads on the Community Board titled

"As a Senior this Absolutely Scares Me" (pg 1 at this time) and
"Ruin Your Health with the Obama Stimulus Plan" (pg 2 at this time)

I would post a link to both but don't know how...sorry


Karen

 

[SteveInBrooklyn]

So hey lets throw even more money at the problem, cause the last time we did it it helped so much.

No, let's get it right. Krugman was right about the last stimulus plan, let's listen to him this time.

 

[Sanchez]

Probably because the current plans have been to do absolutely nothing except walk around saying the "economy is fundamentally sound" and we can see how well that's been working.

This makes no sense whatsoever. Are you forgetting the TARP legislation? Further, you seem to rule out the possibility that there is no middle ground here. You have bought into the Obama argument that that we must take the plan as is and should not complain about unnecessary spending attached to the bill. What about a much smaller plan consisting of significant tax cuts and direct spending on infrastrusture projects?

 

[Master Mason]

Nope didn't miss them, but look how they came about, because we floated along on a cloud of "life is happy, be happy" for 12 years. How did we go from "economically sound" on Tuesday to "I'm suspending my campaign to deal with the economic collaspe" on the very next Friday and we need 700 billion bucks a week later.

I totally agree and have already agreed Bailouts are bad but what's worse is pretending the system is working.

News flash... the campain is over, McCain lost....

You said that nothing was done, when that simply wasn't true, they were throwing money at it at the end of 2007... and all the way through 2008.... so saying that the existing policy was to do nothing was patently false.

 

[bsnyder]

Or we could look at the example provided by Japan - 10 stimulus bills in 8 years, and the largest national debt in the industrialized world - and their economy remained stagnant.

 

[Charade]

CRA

http://www.youtube.com/watch?v=ivmL-lXNy64

In response to the last overlay, we did.

 

[NYDisGuy]

The borrower will take what they can get, it's human nature, if the banks were not forced to provide bad loans, the borrowers wouldn't have been applying for them, because they wouldn't have existed.

So why doesnt everyone have 25 maxxed credit cards? I mean its our human nature to spend right?

 

[Master Mason]

No, let's get it right. Krugman was right about the last stimulus plan, let's listen to him this time.

the definition of insanity is doing the same thing over and over and expecting a different result. Throwing money at it from the government side will not fix it. As we saw in the 30's and just last year as well.

 

[Master Mason]

So why doesnt everyone have 25 maxxed credit cards? I mean its our human nature to spend right?

How many of those defaulting on their loans are in that posistion?

 

[JMD]

the definition of insanity is doing the same thing over and over and expecting a different result. Throwing money at it from the government side will not fix it. As we saw in the 30's and just last year as well.

And as Bet pointed out, the same thing happened in Japan.

You cannot spend your way into prosperty. Unrestrained government spending does not create economic growth.