Why We Need a Stimulus Plan

The ignorance of some concerning economics is truly astounding.

 

I wouldn't say "most economists." There are some who say so.

Others are actually paying attention to the consequences of such a wrong-headed plan (Chief problem among may: Hyperinflation).

Here's a summary of the plan:

a trillion dollars is not restraint. Spending millions on planting grass in the Washington Mall--Throwing millions of dollars at the Smithsonian--and buying contraceptives for thousands--isn't in the same zip code as "restraint."

You do realize, don't you, that Trillions of dollars cannot even be fathomed? If you were alive during the time of Christ, and you spent a million bucks a day...you'd still be spending money right now. And you'd have about 730 years to go before you'd be out.

LeBuick, I hope your kids make a lot of money...because this bunch is going to saddle them with a debt load that will cripple this nation.

But hey...who cares about that? The important thing is getting re-elected. :saint:

Economics 101--you go and print tons of money...law of Supply/Demand tells us Inflation normally follows.

 

Yea who are these "most" and how do we know they are "most"?

 

The economists that have been correct most consistently believe:

1. We need the stimulus and it needs to go to our financial institutions. The banks are already insolvent.

2. The stimulus needs to be large and this needs to be done quickly.

3. If this doesn't work, preprare for a depression.


I agree.

 

Then you have been making your stand not knowing economics or what the economists are saying.

 

The plan being prepared by Congress for Obama's signature is not a "stimulus plan".

That is the problem.

A depression he can blame on Bush works to Obama's advantage in advancing his socialist agenda.

 

You have butted in when you do not know what you are talking about.

 

Obama could get his bill passed without one republican vote. Why won't he ?

As with everything he does, I smell a rat.

 

We already had the best possible stimulus plan and economic regulation. It's called private enterprise. It wasn't broken except by the excessive taxation and meddling of government.

That economic regulation finally caught up with inadequately secured credit and it has been very painful to many. The lesson that should be learned is everyone should live within their own means but the "lesson" being sold is that government intervention is necessary to save us all.

The Obamanite "stimulus plan" is nothing more than an excuse to impose more taxes to implement the wildest liberal and socialist dreams in the name of urgent need while playing upon the ignorance and fears of citizens.

 

Obama can get anything he wants without a GOP vote. Intil arount 2010......

He just wants to deflect the criticism onto congress, as a whole, when America finds out they've been lied to.

 

If the plan is so good, why is he so willing to compromise on some issues when he obviously doesn't have to?

 

Actually the democrats are just paying the bill for all those votes they got!:laugh:

 

I doubt he will try but he will have as much success as Bush did.

He could not play a good game of Chinese checkers!:laugh:

 

Obama's "reform" will be in the form of increased taxes.

 

Ponzi schemes kind of stink when they run out of victims, don't they? :saint:

 

Interesting version of history, not at all shared by other historians or economists.