Economic stimulus checks should have been sent to every American with who filed taxes

[52ndStreet]

President Obama economic bailout of Wall street brokerage houses, and some banks,should have been followed by a a bailout of each American that filed income taxes
and or who were unemployed.

The banks and brokerage houses are not spending the stimulus bailout money, as the president thought they would.

I do think that if each and every tax paying American was sent a bailout, or stimulus check for $10,000.00 dollars, they would spend that money, and in turn stimulate the entire American economy into increased production, and job creation.

President Bush had the right idea. A direct stimulus check to every tax paying American.
The Obama administration had the economic stimulus all wrong. The tax paying consumer
should have received the stimulus bailout first, not the Wall street fat cat bankers and brokers. This would have immediately turned the entire American economy around.

 

[Neubarth]

President Obama economic bailout of Wall street brokerage houses, and some banks,should have been followed by a a bailout of each American that filed income taxes
and or who were unemployed.

The banks and brokerage houses are not spending the stimulus bailout money, as the president thought they would.

I do think that if each and every tax paying American was sent a bailout, or stimulus check for $10,000.00 dollars, they would spend that money, and in turn stimulate the entire American economy into increased production, and job creation.

President Bush had the right idea. A direct stimulus check to every tax paying American.
The Obama administration had the economic stimulus all wrong. The tax paying consumer
should have received the stimulus bailout first, not the Wall street fat cat bankers and brokers. This would have immediately turned the entire American economy around.

Though that would work for a limited time, the key to economic improvement is Job Creation in the Private Sector.

 

[KissMy]

That is exactly right! The stimulus should have been for everyone, not just for democrats, unions & politicians.

 

[loosecannon]

That is exactly right! The stimulus should have been for everyone, not just for democrats, unions & politicians.

Too Funny!

 

[impalero]

President Obama economic bailout of Wall street brokerage houses, and some banks,should have been followed by a a bailout of each American that filed income taxes
and or who were unemployed.

The banks and brokerage houses are not spending the stimulus bailout money, as the president thought they would.

I do think that if each and every tax paying American was sent a bailout, or stimulus check for $10,000.00 dollars, they would spend that money, and in turn stimulate the entire American economy into increased production, and job creation.

President Bush had the right idea. A direct stimulus check to every tax paying American.
The Obama administration had the economic stimulus all wrong. The tax paying consumer
should have received the stimulus bailout first, not the Wall street fat cat bankers and brokers. This would have immediately turned the entire American economy around.

Why would the banksters loan out the money when they can get it for virtually free .25% from the US Treasury?

This also disproves the notion that the banks have to do what their told (loaning out money for housing pre-bubble)

They only do what makes them a profit and and in the pre-bubble days, they played hot potato by packaging up securities and passing them on to the next sucker rather than holding it. They knew what they were doing, after, they are the best and brightest, and top talent wall street has to offer.

 

[asterism]

President Obama economic bailout of Wall street brokerage houses, and some banks,should have been followed by a a bailout of each American that filed income taxes
and or who were unemployed.

The banks and brokerage houses are not spending the stimulus bailout money, as the president thought they would.

I do think that if each and every tax paying American was sent a bailout, or stimulus check for $10,000.00 dollars, they would spend that money, and in turn stimulate the entire American economy into increased production, and job creation.

President Bush had the right idea. A direct stimulus check to every tax paying American.
The Obama administration had the economic stimulus all wrong. The tax paying consumer
should have received the stimulus bailout first, not the Wall street fat cat bankers and brokers. This would have immediately turned the entire American economy around.

$10,000 to every taxpayer would have cost $1.4 Trillion. I'm not so sure about whether that would have been enough stimulus and whether we could afford it. It's certainly a whole lot better than the same $1.4 Trillion being spent on bailing out bloated state governments, "infrastructure," and banks only to be told by the Keynesisans ("demand-side economics" adherents) that the problem with our economy is demand and the means for consumers to pay for that demand.

 

[asterism]

Why would the banksters loan out the money when they can get it for virtually free .25% from the US Treasury?

Federal regulations on lending at this point according to my banker.

 

[loosecannon]

Why would the banksters loan out the money when they can get it for virtually free .25% from the US Treasury?

Federal regulations on lending at this point according to my banker.

You misunderstood something. They were supposed to lend that money, but they won't.

 

[impalero]

President Obama economic bailout of Wall street brokerage houses, and some banks,should have been followed by a a bailout of each American that filed income taxes
and or who were unemployed.

The banks and brokerage houses are not spending the stimulus bailout money, as the president thought they would.

I do think that if each and every tax paying American was sent a bailout, or stimulus check for $10,000.00 dollars, they would spend that money, and in turn stimulate the entire American economy into increased production, and job creation.

President Bush had the right idea. A direct stimulus check to every tax paying American.
The Obama administration had the economic stimulus all wrong. The tax paying consumer
should have received the stimulus bailout first, not the Wall street fat cat bankers and brokers. This would have immediately turned the entire American economy around.

$10,000 to every taxpayer would have cost $1.4 Trillion. I'm not so sure about whether that would have been enough stimulus and whether we could afford it. It's certainly a whole lot better than the same $1.4 Trillion being spent on bailing out bloated state governments, "infrastructure," and banks only to be told by the Keynesisans ("demand-side economics" adherents) that the problem with our economy is demand and the means for consumers to pay for that demand.

Would that not be just kicking the can down the road?
Waiting for what?
What has changed?
It sounds like giving Americans money to make up demand that credit, via equity and credit cards can't provide now.

The answer is increased wages, or a decreased cost of living. (Medical, Auto, Education, Food)

With Heli Ben at work, I'd say he is going the wrong way by inflating the money supply.

It may make debts cheaper to deal with, but it will only make some things more expensive as well. Especially, goods we need to survive by, not imported junk from China. I'd imagine the junk from China would get cheaper, as it already is now, thus hurting business's even more. I believe biflation is occuring.

 

[impalero]

Why would the banksters loan out the money when they can get it for virtually free .25% from the US Treasury?

Federal regulations on lending at this point according to my banker.

You misunderstood something. They were supposed to lend that money, but they won't.

Exactly. They are acting within their best interest, just as they did with the housing bubble.

 

[KissMy]

Federal regulations on lending at this point according to my banker.

You misunderstood something. They were supposed to lend that money, but they won't.

Exactly. They are acting within their best interest, just as they did with the housing bubble.

There is nothing wrong with them acting within their best interest. The problem is that the Federal Reserve is only lending to the irresponsible bankers who failed at 0%, but NOT to the rest of us Americans who were responsible. This is Fascism, Marxism / Rationing & that is the problem !!!

[ame="http://www.youtube.com/watch?v=angbZB2WeMQ&feature=related"]Capitalism vs Socialism[/ame]

 

[loosecannon]

There is nothing wrong with them acting within their best interest. The problem is that the Federal Reserve is only lending to the irresponsible bankers who failed at 0%, but NOT to the rest of us Americans who were responsible.

Warren Buffet said the same thing in his 2008 stockholder's report. In fact he characterized it as a huge disparity of advantage between firms who had acted responsibly and those that didn't and lamenting that responsible firms were therefore at risk of losses and defaults whereas the irresponsible firms were being saved regardless.

This is organized crime at it's apex, and that isn't an exaggeration. Criminals are being encouraged to scam the stock market and commodities exchanges with zero interest funny money and high speed trading programs while regulators turn their eyes away.

Meanwhile little to nothing is being done to save Main Street from the ravages of Chinese currency trade manipulation or the US from chronic unemployment.

Corporations are not people, they are the ONLY people in the USA.

 

[impalero]

You misunderstood something. They were supposed to lend that money, but they won't.

Exactly. They are acting within their best interest, just as they did with the housing bubble.

There is nothing wrong with them acting within their best interest. The problem is that the Federal Reserve is only lending to the irresponsible bankers who failed at 0%, but NOT to the rest of us Americans who were responsible. This is Marxism / Rationing & that is the problem !!!



Agreed, we can call it anything we want, Fascism will do nicely too.
The bottom line is that their the ones controlling it and as George Carlin would say, its a big club and you aint in it

The American Dream, USA Inc. George Carlin
Search Youtube for his 3 minute standup.
Excellent summation by him

 

[asterism]

Why would the banksters loan out the money when they can get it for virtually free .25% from the US Treasury?

Federal regulations on lending at this point according to my banker.

You misunderstood something. They were supposed to lend that money, but they won't.

They were supposed to lend that money to the handpicked government favorites. They have. The goal never was to make this work, it was to justify more intrusion into the economy.

 

[asterism]

President Obama economic bailout of Wall street brokerage houses, and some banks,should have been followed by a a bailout of each American that filed income taxes
and or who were unemployed.

The banks and brokerage houses are not spending the stimulus bailout money, as the president thought they would.

I do think that if each and every tax paying American was sent a bailout, or stimulus check for $10,000.00 dollars, they would spend that money, and in turn stimulate the entire American economy into increased production, and job creation.

President Bush had the right idea. A direct stimulus check to every tax paying American.
The Obama administration had the economic stimulus all wrong. The tax paying consumer
should have received the stimulus bailout first, not the Wall street fat cat bankers and brokers. This would have immediately turned the entire American economy around.

$10,000 to every taxpayer would have cost $1.4 Trillion. I'm not so sure about whether that would have been enough stimulus and whether we could afford it. It's certainly a whole lot better than the same $1.4 Trillion being spent on bailing out bloated state governments, "infrastructure," and banks only to be told by the Keynesisans ("demand-side economics" adherents) that the problem with our economy is demand and the means for consumers to pay for that demand.

Would that not be just kicking the can down the road?
Waiting for what?
What has changed?
It sounds like giving Americans money to make up demand that credit, via equity and credit cards can't provide now.

The answer is increased wages, or a decreased cost of living. (Medical, Auto, Education, Food)

With Heli Ben at work, I'd say he is going the wrong way by inflating the money supply.

It may make debts cheaper to deal with, but it will only make some things more expensive as well. Especially, goods we need to survive by, not imported junk from China. I'd imagine the junk from China would get cheaper, as it already is now, thus hurting business's even more. I believe biflation is occuring.

The problem is too much government management of indicators.

 

[52ndStreet]

President Obama economic bailout of Wall street brokerage houses, and some banks,should have been followed by a a bailout of each American that filed income taxes
and or who were unemployed.

The banks and brokerage houses are not spending the stimulus bailout money, as the president thought they would.

I do think that if each and every tax paying American was sent a bailout, or stimulus check for $10,000.00 dollars, they would spend that money, and in turn stimulate the entire American economy into increased production, and job creation.

President Bush had the right idea. A direct stimulus check to every tax paying American.
The Obama administration had the economic stimulus all wrong. The tax paying consumer
should have received the stimulus bailout first, not the Wall street fat cat bankers and brokers. This would have immediately turned the entire American economy around.

Why would the banksters loan out the money when they can get it for virtually free .25% from the US Treasury?

This also disproves the notion that the banks have to do what their told (loaning out money for housing pre-bubble)

They only do what makes them a profit and and in the pre-bubble days, they played hot potato by packaging up securities and passing them on to the next sucker rather than holding it. They knew what they were doing, after, they are the best and brightest, and top talent wall street has to offer.

This is exactly my point, the Banks had no intentions of lending out the Billions in economic stimulus money, they act only in their profit driven interests, not in the interests of the overall economy, or for the general consumer. This is why the economic stimulus money should have gone directly to the American consumer, who would have spent it all by now!!$$,1.4 Trillion would have been infused into the American economy.!!$$