Comments on: Stimulus 2009: Our Tax Dollars are “Chump Change”?

By: AnAmericanLiberal

AnAmericanLiberal — Sun, 08 Feb 2009 10:54:09 +0000

Have you ever been in a car where the battery inexplicably failed to work correctly? Or have you by chance ever had a flat tire? In either case there are a number of items to help get you on your way (a jump, spare tire, foam, etc.). Most of the solutions are temporary, and which one is best, well that is a debate unto itself.

The engine that is our economy has stalled and pieces of it are starting to fly through the air. The stimulus plan is a jump start using every single tool at our disposal. Tax cuts, construction, infrastructure, and even some long term economic policy objectives (green research, even scientists need jobs) are all being thrown into a big package to give that jolt to the economy. I believe the goal to to artificially stimulate the economy for two years and hope that the Treasury Department, businesses, and others can find ways to resolve the underlying problems of the economy. That’s right, we are keeping the engine running while the mechanics fix the problem.

While I applaud efforts to keep the pork out of the bill (and it looks pretty slimmed down now) this thing needs to be shoved through quickly. Otherwise we sit here watching our economy implode.

As to the Republicans, I love you guys, but your advice on the economy is sketchy at the moment. Please quit looking for an open mic, and take some responsibility for your party’s mismanagement of our economy. If I hear one of you say that laws insisted banks make risky loans one more time, I am coming down there to throttle the stupid out of the lot of you. The US does not make the banks do anything it doesn’t want to, and you all know it.

Peace.

By: Mark

Mark — Sun, 08 Feb 2009 01:34:15 +0000

MasterPo

He is right on with the way he took the “chump change” comment and you helped make his argument. If it is tiny amounts of pork and spending here in there that makes no significant difference than take it out. That is all most of the critics are asking for anyway. Take out the junk and pass a real stimulus bill.

Mark

By: Mr. ToughMoneyLove

Mr. ToughMoneyLove — Sat, 07 Feb 2009 06:09:42 +0000

Nate, Kate, Kitty – Thanks for the thumbs up but I don’t know if the market will stay happy.

MasterPo – I know exactly what was said and who said it. My point is that I do not want any politician spending my money if he thinks $100 million is chump change. These guys are becoming immune to big numbers.

By: MasterPo

MasterPo — Sat, 07 Feb 2009 05:22:07 +0000

You took the “chump change” comment totally out of context, as well as quoting from a very anti-Republican/bias source (CNN).

He was refering to the tiny amounts of pork spending here and there in the bill in terms of not being enough to make any significant difference.

I’m disappointed. I expect better from you.

By: kitty

kitty — Sat, 07 Feb 2009 04:14:40 +0000

Good. I don’t know about voting contest, but I sure would like them to go through the bill line-by-line and to explain to us how each of the items would create jobs.

But… The market seems to be happy. If we are (very) lucky, we may get a rally and a selling opportunity out of it.

By: MoneyMateKate

MoneyMateKate — Sat, 07 Feb 2009 04:07:48 +0000

Love the reality idea! Why not use a pop culture format? I mean, Obama ran an infomercial right before election day and won, so there really should’t be any objection to “America’s Next Top $timulator”.

By: Nate @ Money Young

Nate @ Money Young — Fri, 06 Feb 2009 19:04:44 +0000

Brilliant! It would never happen, but still brilliant.

-Nate