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Senate passes Obama's economic recovery plan

Gibberish

Gibberish

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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.
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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.
 
God help us all.:(
 
He seems VERY confident that his economic stimulus plan will work people. He will take up all responsibility for its failure or success. Its a risk, but he is very confident nonetheless. So he must be doing something right guys?
Geez give the guy some slack.

And you bastards better get out of reccession soon!! Cause for the global recovery process to begin, we are going to need the US to be strong and ready. I believe America's recovery will be the foundations for Europe's recovery. In other words, the worlds economy rests on your shoulders mr obama.
 
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Goldenboy219 said:
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
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i don't think so. I think people will see right through this. only 37% supported porkzilla
 
Goldenboy219 said:
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
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Due to the hyper-bipartisanship we face today it seems unfathomable that each party could thank each other for working together in avoiding a depression. No, we need to focus on ways to point out the negatives of one party over the other.
 
Reverend_Hellh0und said:
i don't think so. I think people will see right through this. only 37% supported porkzilla
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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.
 
Gibberish said:
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.
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How do you "stimulate" the economy? STD funding? Green projects? there is little stimulous in porkzilla.
 
Reverend_Hellh0und said:
i don't think so. I think people will see right through this. only 37% supported porkzilla
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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?
 
Gibberish said:
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.
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There is not nearly enough stimulation in that bill! $30 billion on infrastructure, and only $6 billion by 2010?
 
Reverend_Hellh0und said:
How do you "stimulate" the economy? STD funding? Green projects? there is little stimulous in porkzilla.
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Actually there is a ton of stimulus in the plan. Every project puts money back into the market. Though some of the items could have been either removed or planned better (STD spending for example), they will still have an effect.
 
Goldenboy219 said:
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?
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Absolutley correct sir.
 
Goldenboy219 said:
There is not nearly enough stimulation in that bill! $30 billion on infrastructure, and only $6 billion by 2010?
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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.
 
Gibberish said:
Actually there is a ton of stimulus in the plan. Every project puts money back into the market.
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Considering every cent of it will be borrowed, it will take the money out before it puts any back in.
 
Gibberish said:
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.
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They need 10 times that amount on infrastructure, and they needed it yesterday. Get with the program man...
 
Goldenboy219 said:
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
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Based on the numbers published by the CBO I believe this will happen as well.

FDR repeat.

Sometimes it feels like a conspiracy theory unfolding before my eyes. The collectivization in this bill is subtle but added with the open and apparent bills being passed it feels as if we are moving into a fascist state.
 
Harshaw said:
Considering every cent of it will be borrowed, it will take the money out before it puts any back in.
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None of it is taken out before hand. They aren't sending everyone a bill to be paid before the money is used. It will just be printed and made up like the money actually exists. In the immediate it will appear as if the money came out of no where and will be a bill later when the economy can afford to pay it again.

I really need to get me one of this government money making machines.
 
Goldenboy219 said:
They need 10 times that amount on infrastructure, and they needed it yesterday. Get with the program man...
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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?
 
Goldenboy219 said:
There is not nearly enough stimulation in that bill! $30 billion on infrastructure, and only $6 billion by 2010?
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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?
 
Gibberish said:
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?
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Correct. Any attempts to stabilize the economy that lack the sheer quantity needed will only prolong the hardship.

With the length proposed with this stimulus, the total outlay should eclipse $5 trillion, not $800 billion.

Mark my words, more and more stimulus packages will follow.
 
WillRockwell said:
Think about it. If it takes 3 years to build a bridge, or a highway, you don't spend all the money at once.
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The entire point of the stimulus is a temporary jolt to the economy, where all outlays are only temporary.

What good would a stimulus package be that ran out of money in a year?
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A real one...
 
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