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Thread: New Obama plans: 'spend our way out' of downturn

  1. #51
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    Re: New Obama plans: 'spend our way out' of downturn

    Quote Originally Posted by Aunt Spiker View Post
    Many people don't have money in private funding - OR - have plenty in private funding and intend to use it in the future and are doing fine without it, they don't need extra spending done . . . this is me.

    .
    and I know a few of those who don't have it....but I know even more people who do. We saved more than we needed, and even tho we lost a large chunk of it in the last 2 Wall Street downturns, we are fine. Our incomes are as much as we were making in our last year of working and our houses are paid for, so our IRA funds/deferred savings are not really needed so much. That is the source of our big spending....and that applies to a large percentage of retirees. I forget where I read it, but it said that there are trillions tied up in deferred savings accounts, and most of them are in low interest paying fixed income accounts. So my message to other old people is, spend it already !!!
    If you don't, your children surely will.....
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    Re: New Obama plans: 'spend our way out' of downturn

    My thoughts is that we do have to spend money on job programs ectt. I believe this is the right way to do something. Look at the great depression, For example, FDR spent money for things like Jobs ectt.... It necessary to spend on things to get us out of this job lose ect.


    Thought people do need to think a head save a little each day for a rainy day ectt. For when, you get sick and can't work, or even when this market crashes ect.
    Last edited by RyrineaHaruno; 12-09-09 at 10:31 AM.

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    Re: New Obama plans: 'spend our way out' of downturn

    Quote Originally Posted by The Prof View Post
    what the heck has he been doing the last 11 months?
    What would you have done, Prof?

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    Re: New Obama plans: 'spend our way out' of downturn

    Quote Originally Posted by American View Post
    The government has too much of our money already.
    We have too many benefits. How much should we cut the national defense benefit?

  5. #55
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    Re: New Obama plans: 'spend our way out' of downturn

    Quote Originally Posted by RyrineaHaruno View Post
    My thoughts is that we do have to spend money on job programs ectt. I believe this is the right way to do something. Look at the great depression, For example, FDR spent money for things like Jobs ectt.... It necessary to spend on things to get us out of this job lose ect.


    Thought people do need to think a head save a little each day for a rainy day ectt. For when, you get sick and can't work, or even when this market crashes ect.
    You can't create a job out of thin air, there has to be demand for goods, products, services. Until people start spending again, there will be little demand for jobs...
    Again, we are retirees, and as such we spend our money a bit differently than a young couple with children. When we go out to eat, the resturaunts are nearly empty. Fast food places, like Wendy's, is never packed at lunch time like it used to be. That is where we see the evidence that people aren't spending.
    But we do go into the toy stores some, buying for Christmas. It seems to be picking up a bit, but time will tell.
    A good part of our recession is based on fear. People are spending less because they don't know if they will have a job next month or next year. The recovery will be very slow. Spending habits have gone back to the 50's and 60's for many of us. Point is, if you have it, and don't need it, don't be so afraid to spend it. There are some great deals to be had right now.
    We are saving a lot on our basement work, seems that there are a lot of contractors out of work, and they aren't charging as much as 2 years ago....material costs are down as well. Our contractor SIL is busy, and grateful to be busy, but still not making as much for his efforts as 2 years ago. He has had to lower his rates to get the work, just like the rest of them.
    Oracle of Utah
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    Re: New Obama plans: 'spend our way out' of downturn

    Quote Originally Posted by misterman View Post
    No, that's wrong. Tax cuts have much less effect on short-term consumer spending than a stimulus. Tax cuts help the wealthy, who don't need to spend the money anyway. They may invest it, but we need spending right now. Tax cuts may be good in the long term (or not), but not in a crisis.
    100 percent wrong.

    Tax cuts change the dynamics of business entirely. Expansion and investment are based on risk threshold. Business can tolerate only a certain risk threshold and remain viable and attract outside investors. Lower tax burdens create a much more favorable and projectable risk assessment for expansion.

    And in the end, tax cuts raise taxes! That is the dirty secret that Democrats KNOW and make sure their constituents do not.

    Would you rather have 10 percent of $20 or 8 percent of $30? The lower the tax rate, the greater the expansion, and the more profit and employee salaries to tax. It's so, so simple, and it's been proven through history to be the only thing that works every time.
    Last edited by Erod; 12-09-09 at 10:54 AM.

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    Re: New Obama plans: 'spend our way out' of downturn

    Quote Originally Posted by misterman View Post




    This thread is about the economy and how best to help it...

    Git all the Libbos out of the government would the first major step towards helping the economy.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: New Obama plans: 'spend our way out' of downturn

    Quote Originally Posted by Whip Comes Down View Post
    What would you have done, Prof?
    I would have totally unleashed every industry that harvests natural resources and got some cash flowing. I certainly wouldn't have shut them down, completely. That was idiotic.

    My second major step would be to cut corporate, self employment and payroll taxes and greatly reduce the cost of doing business, thereby spurring growth. I sure as hell wouldn't have put more taxes on businesses. Again, that was idiotic.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: New Obama plans: 'spend our way out' of downturn

    Quote Originally Posted by apdst View Post
    Git all the Libbos out of the government would the first major step towards helping the economy.
    The scariest thing to me is that I believe Obama actually wants this economy to bomb. He wants to create GOVERNMENT jobs, so his long-term plans of killing America as we know it will pan out. It's about control of and dependency on the government.

    That's what Ayers, Obama, Pelosi, Kerry, and all of the elite liberals want in their heart of hearts.

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    Re: New Obama plans: 'spend our way out' of downturn

    The only thing Obama will do is spend us into another banana Republic or worse yet turn us into the next Zimbabwe.

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