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

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

    "President Barack Obama outlined new multibillion-dollar stimulus and jobs proposals Tuesday, saying the nation must continue to 'spend our way out of this recession' until more Americans are back at work.

    Without giving a price tag, Obama proposed a package of new spending for highway, bridge and other infrastructure projects, deeper tax breaks for small businesses and tax incentives to encourage people to make their homes more energy efficient."

    "Obama did not say how much his proposals would cost, although congressional Democrats are eyeing a $70 billion package to help create jobs and to provide aid to hard-pressed state and local governments. Administration aides suggested that the part of the package dealing with roads, bridges and other infrastructure could total about $50 billion."

    Seems that this means the package from last winter is a failure. We have already spent too much money, it is not working.

    Would spending more government money help the economy or hurt it? Is the package from last winter a failure?

    New Obama plans: 'spend our way out' of downturn - Yahoo! News
    "Republicans believe every day is the Fourth of July, but the Democrats believe every day is April 15." -Ronald Reagan

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

    Quote Originally Posted by Alex View Post
    "President Barack Obama outlined new multibillion-dollar stimulus and jobs proposals Tuesday, saying the nation must continue to 'spend our way out of this recession' until more Americans are back at work.

    Without giving a price tag, Obama proposed a package of new spending for highway, bridge and other infrastructure projects, deeper tax breaks for small businesses and tax incentives to encourage people to make their homes more energy efficient."

    "Obama did not say how much his proposals would cost, although congressional Democrats are eyeing a $70 billion package to help create jobs and to provide aid to hard-pressed state and local governments. Administration aides suggested that the part of the package dealing with roads, bridges and other infrastructure could total about $50 billion."

    Seems that this means the package from last winter is a failure. We have already spent too much money, it is not working.

    Would spending more government money help the economy or hurt it? Is the package from last winter a failure?

    New Obama plans: 'spend our way out' of downturn - Yahoo! News
    "Re: New Obama plans: 'spend our way out' of downturn"

    That is a "new" "plan"? exuse me? riiight.

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

    Quote Originally Posted by DarkWizard12 View Post
    "Re: New Obama plans: 'spend our way out' of downturn"

    That is a "new" "plan"? exuse me? riiight.
    Are you against infrastructure spending and tax breaks for small businesses? In this economic climate, i know i'm not.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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

    Quote Originally Posted by Goldenboy219 View Post
    Are you against infrastructure spending and tax breaks for small businesses? In this economic climate, i know i'm not.
    Not at all,I'm against this slush fund being used to bribe Congress into doing Obama's bidding.
    "The problem in defense is how far you can go without destroying from within what you are trying to defend from without."

    ~Dwight D. Eisenhower

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

    Quote Originally Posted by DarkWizard12 View Post
    "Re: New Obama plans: 'spend our way out' of downturn"

    That is a "new" "plan"? exuse me? riiight.
    My thoughts exactly.
    "The problem in defense is how far you can go without destroying from within what you are trying to defend from without."

    ~Dwight D. Eisenhower

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

    Quote Originally Posted by DarkWizard12 View Post
    "Re: New Obama plans: 'spend our way out' of downturn"

    That is a "new" "plan"? exuse me? riiight.
    ^ This Exactly
    Our Constitution was made only for a moral and religious people. It is wholly inadequate to the government of any other.

    John Adams

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

    But I also thought that he was going to cut the deficit in half. Or is it the old Bush ploy where you predict some rediculous growth and then come in under that growth once enough factors...like the Iraq war say...are swept under the rug and claim a reduction? Not that it's an actual reduction, just that we came in under predicted values.
    You know the time is right to take control, we gotta take offense against the status quo

    Quote Originally Posted by A. de Tocqueville
    "I should have loved freedom, I believe, at all times, but in the time in which we live I am ready to worship it."

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

    Quote Originally Posted by Strucky View Post
    Not at all,I'm against this slush fund being used to bribe Congress into doing Obama's bidding.
    You realize that Congress appropriates funds, not the President, right?

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

    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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

    Tax cuts, yea, do that.

    More spending? Hell no.

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