Gibberish
DP Veteran
- Joined
- Oct 18, 2005
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Just three Republicans helped pass the plan on a 61-37 vote and they're already signaling they'll play hardball to preserve more than $108 billion in spending cuts made last week in Senate dealmaking. Obama wants to restore cuts in funds for school construction jobs and help for cash-starved states.
Senate passes Obama's economic recovery plan - Yahoo! News
Looks like it is moving forward. I hope Obama knows the outcome of this plan will be a direct reflection on him as a leader.
And as the market eventually self corrects, the democrats will be there to claim victory.
"Because of our economic recovery act, the US is now out of the worst depression since the depression" ~Democratic Senator~ 2017
And as the market eventually self corrects, the democrats will be there to claim victory.
"Because of our economic recovery act, the US is now out of the worst depression since the depression" ~Democratic Senator~ 2017
Economic support issue polls are always low due to the fact that a majority of the country doesn't understand a damn thing about how to stimulate a failing economy.i don't think so. I think people will see right through this. only 37% supported porkzilla
Economic support issue polls are always low due to the fact that a majority of the country doesn't understand a damn thing about how to stimulate a failing economy.
They think savings and not spending money is what you do when an economy is falling.
i don't think so. I think people will see right through this. only 37% supported porkzilla
Economic support issue polls are always low due to the fact that a majority of the country doesn't understand a damn thing about how to stimulate a failing economy.
They think saving and not spending money is what you do when an economy is falling.
How do you "stimulate" the economy? STD funding? Green projects? there is little stimulous in porkzilla.
Yes but the market will rebound. The true question is do you make it painfully quick, stagnatingly slow, or at the expense of much higher prices?
The slow option is going to be favored by those (politicians) who look to others (voters) for job security. Congress doing nothing will cost both the president and themselves their positions come 4 years. Congress acting but underachieving (not reaching their goal) might allow them and the president another go at it.
The sad part is, if companies were allowed to fail, we would be out of this mess rather quick as private money would leap from the sidelines gobbling up all instances of value. What would you rather have, someone taking your liver out with a few swift blade strokes, or a prolonged, although less painful removal that lasts a week?
There is not nearly enough stimulation in that bill! $30 billion on infrastructure, and only $6 billion by 2010?
Actually there is a ton of stimulus in the plan. Every project puts money back into the market.
I never said the plan was perfect. The plan can be massaged and tweaked moving forward. The objective was to get the spending approved. Now negotiations and planning needs to take place on how and where to spend in each project.
And as the market eventually self corrects, the democrats will be there to claim victory.
"Because of our economic recovery act, the US is now out of the worst depression since the depression" ~Democratic Senator~ 2017
Considering every cent of it will be borrowed, it will take the money out before it puts any back in.
Let the fail begin.
I am truly concerned for my nation.
They need 10 times that amount on infrastructure, and they needed it yesterday. Get with the program man...
There is not nearly enough stimulation in that bill! $30 billion on infrastructure, and only $6 billion by 2010?
So you think nothing should be done because it's not enough money and it might be to late? We should just let the economy fail more?
Think about it. If it takes 3 years to build a bridge, or a highway, you don't spend all the money at once.
What good would a stimulus package be that ran out of money in a year?
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