Yes or No: On the Stimulus Bill!

Discussion in 'Congress' started by GHook93, Jan 29, 2009.

?

This largest spending bill in US history seems inevitable! Now do you agree with it?

  1. Yes, its a needed Evil

    13.6%
  2. No, its going to add to the problem not fix it

    75.0%
  3. Maybe, I will wait and See

    2.3%
  4. I don't know we are all fucked either way, at least I am not Shogun

    9.1%
  1. GHook93
    Offline

    GHook93 Aristotle

    Joined:
    Apr 22, 2007
    Messages:
    17,924
    Thanks Received:
    3,126
    Trophy Points:
    255
    Location:
    Chicago
    Ratings:
    +4,932
    The stimulus bill passed te house and with a 59-41 (Yes the 2 independents are Democrats, Lieberman is liberal and the other guy is a self-proclaimed socialist), there is very very little chance the Senate won't approve the bill. This largest spending bill in US history seems inevitable! Now do you agree with it?


    .
     
  2. driveby
    Offline

    driveby Gold Member

    Joined:
    Sep 6, 2008
    Messages:
    8,836
    Thanks Received:
    2,305
    Trophy Points:
    183
    Ratings:
    +2,325
    No ....
     
    • Thank You! Thank You! x 2
  3. Munin
    Offline

    Munin VIP Member

    Joined:
    Dec 5, 2008
    Messages:
    1,300
    Thanks Received:
    92
    Trophy Points:
    83
    Ratings:
    +95
    Strange how you make a poll. You might as well write in your poll "don't vote yes".
     
  4. Angel Heart
    Offline

    Angel Heart Conservative Hippie

    Joined:
    Jul 6, 2007
    Messages:
    2,057
    Thanks Received:
    341
    Trophy Points:
    48
    Location:
    Portland, Oregon
    Ratings:
    +341
    Spending our way out of a debt problem isn't going to work. Hyperinflation is going to set in by 2011. 20+% and unemployment off the chart too.
     
    • Thank You! Thank You! x 1
  5. manu1959
    Offline

    manu1959 Left Coast Isolationist

    Joined:
    Oct 28, 2004
    Messages:
    13,761
    Thanks Received:
    1,625
    Trophy Points:
    48
    Location:
    california
    Ratings:
    +1,626
    lets see .....

    the governement created lending laws and the securites and equites market which then promtly got drunk on bad loans .....

    meanwhile, the government got drunk on the profits from that exercise and bet on that tax stream by spending like crazy and creting all kinds of programs foreign and domestic ......

    then the government decided to wage a war in the middle east (brilliant....no western country has ever won a war there).....

    now ..... this same group is going to spend even more money to create even more programs all the while they will not cut government spending or even their own salaries.....

    and to top it ..... i am told i need to pay more taxes and take one for the team .....

    like somehow i am the one that got us into this mess ...... as far as i can tell not one person i voted for is in office or has been in office in the past decade .....

    i will continue to pay my taxes and pay my employees and give them healthcare ...... and wait and see if anyone in the government knows how to actually run a company .....
     
  6. Munin
    Offline

    Munin VIP Member

    Joined:
    Dec 5, 2008
    Messages:
    1,300
    Thanks Received:
    92
    Trophy Points:
    83
    Ratings:
    +95
    No, spending by the government is needed.

    The crisis is basically this: demand from the private sector goes down, as a result more people loose their jobs. Those people who don't have jobs can't buy anything, demand goes down even more ... and more jobs are lost and as a result of that demand goes down again ...

    To end this negative spiral you need government spending to replace and even raise the demand that is lost because of the private sector is in a negative spiral of lowering demand and does not spend or invest.

    The best thing that can happen is that the government is able to spend so you create/keep jobs in the private sector. In any case this spending will be a positive influence on the economy, while the absence of government spending in this kind of situation is the worst thing that could happen because then their is no spending at all (not by the private sector or the government).
     
    Last edited: Jan 29, 2009
  7. Missourian
    Offline

    Missourian Gold Member

    Joined:
    Aug 30, 2008
    Messages:
    16,281
    Thanks Received:
    4,799
    Trophy Points:
    280
    Location:
    Missouri
    Ratings:
    +8,124
    This bill would likely help my company as we move a lot of materials for road and bridge construction, but it shouldn't be about 'me first' in should be about country first.

    We are trying to get out of a recession. How is a stimulus package that isn't going to take affect for years going to help us today?

    This is a boondoggle and I am glad the Republicans voted against it...better late than never.
     
    • Thank You! Thank You! x 1
  8. Kevin_Kennedy
    Offline

    Kevin_Kennedy Defend Liberty

    Joined:
    Aug 27, 2008
    Messages:
    17,591
    Thanks Received:
    1,581
    Trophy Points:
    205
    Location:
    Ohio
    Ratings:
    +2,027
    This is not going to help our economy in the least, in fact it's going to make things worse. The government has to get it's money through taxation, inflation, or borrowing. All three choices hurt the private sector by taking money away from the consumers. This means that the private sector has less money to spend or save, which means that countless jobs are lost because of it. This stimulus is not water on the fire, it's gasoline.
     
    • Thank You! Thank You! x 1
  9. ReillyT
    Offline

    ReillyT Senior Member

    Joined:
    Mar 2, 2005
    Messages:
    2,631
    Thanks Received:
    164
    Trophy Points:
    48
    Location:
    London, UK
    Ratings:
    +164
    Deflation is the concern now. Worrying about hyper-inflation seems a tad premature. Non?
     
  10. ReillyT
    Offline

    ReillyT Senior Member

    Joined:
    Mar 2, 2005
    Messages:
    2,631
    Thanks Received:
    164
    Trophy Points:
    48
    Location:
    London, UK
    Ratings:
    +164
    Borrowing from China is unlikely to hurt the private sector, at least in the way you suggest. There is a credit crisis. People can't borrow anyway, so it is unlikely that government borrowing is going to substantially crowd out the private sector. What it might do (fingers crossed) is expand the market for private sector products.
     

Share This Page