I didn't support ANY stimulus package. And I still don't.
If it were possible to plot government regulation on a graph, I would expect an arrow that shoots virtually straight up. Every aspect of our economy is heavily regulated and continues to get more regulated with each passing year.
It was regulations that created the FHA, and Fannie-Mae and Freddie-Mac, and it was regulations that gave us the CRA and CRA II. It was regulations that created the Federal Reserve.
Just think, if those unconstitutional laws hadn't been passed, it wouldn't have been possible for bad mortgages to collapse the banking industry because when bankers use their own money they don't loan it to people who can't pay it back.
Socialism caused the problem, naturally, socialism ain't gonna fix it.
I would also abolish minimum wage laws. If someone is willing to pay someone else 5$ an hour to work then let it happen. It may not seem like much by when you multiply that occurence by several thousand its effects cease being negligible.
Anyone think raising the minimum wage had something to do with it? If interest rates are fixed by the government, doesn't that limit the money a bank can get? If they sign contracts with their costumers on a specified amount of interest, and that cannot be raised, wouldn't raising some of their employee's pay rate be a problem? If they are fixed on income, yet they are forced to pay more to some of their workers, doesn't that cause an imbalance?
"Republicans believe every day is the Fourth of July, but the Democrats believe every day is April 15." -Ronald Reagan
Our government provided the housing and financial sectors with both the means and opportunity to do what they did. It was the government's fault...AGAIN. No surprise there. Some people, however, are pathologically incapable of pointing the finger at our benevolent overseers, in fact, they can't even consider a solution that doesn't involve them.
The government is full of corrupt and self-interested cronies. It's time we recognized that fact.
The only stimulus I would support would be for the people.
If they want to start paying people/things off, start paying off the debt the people have accrued from these ****ty conditions, otherwise back the hell off.
IMO instead of the spending, wiping the slab clean would be far more beneficial.
Think about it this way.
There are roughly 120,000,000 HOUSEHOLDS in the United States. If each of these households were given 20-30 grand (not money but debt relief) how much less would that be than these stimulus packages that have done nothing but give people who don't need more money... well... more money?
Screw corporate bail outs, start relieving the pressure or back up and watch.