Stimulus Projects May Be Slow, CBO Says

From the article:

"if states were given a different deadline for spending highway money, analysts predict the spend-out rate would be accelerated significantly."

 

Sorry off topic

Bro. Curtis, I just saw your Larry Norman lyrics. As soon as I read it I remembered the movie "A Thief in the Night"...Cool song! I didn't really know much about Norman...interesting guy.

Here is the you tube video of the song
http://www.youtube.com/watch?v=X1FcTKNXlO0

 

The "stimulus package" is just a "spending package". It will have to be paid back with taxes - lots of taxes.

The economy will recover in direct proportion to how quickly and strongly consumers and businesses have renewed confidence in the exchange of goods and services.

The less the government does to the economy the better. They are a primary cause of the problem - something they seem to excel at doing - and their track record for solving such problems is dismal. In the mean time they'll get a lot of play money to foster their grandiose ideas.

Of course, if it doesn't improve then the blame will continue to be laid on the Bush administration but, if it does improve, then the Obamanites will take full credit even though they'll have just added to our deficit and done nothing to help the economy.

Our economy has been strong enough to carry the burden of government excess and waste as well as the skimming that goes on in the private sector. It might be able to sustain that a bit longer but I think the margins are getting tighter all the time much like they are in the real business world. There's just not as much fat left to feed the leeches in Washington even an hungry as they are.

 

You sound like Coolige and Hoover... They both repeated these Capitalist/Freemarket theories while holding the wheel and driving the country into the great depression. I hope we try something different this time because history says that method didn't work.

 

I have been seeing this all over the web also. I also see the Republican's demanded a meeting with Obama tomorrow to discuss this point. It is normal for the president to send a very rough skeleton of a plan to the house since they were going to hack it up anyway. If you recall, the first bailout plan Bush sent was a one pager which turned to 120 before the first vote.

I find this to be a smart tactic by Obama, this way the GOP will push up the spending dates so he is sure to get their support for the plan. Let's watch and see how this thing unfolds...

 

Barney is quickly becoming an outsider even in his own party. The objective is to see government corporate for the common good of the nation and he is clearly a hindrance to making that happen.

From what I see, there will be ultra conservatives on the far right and ultra liberals like Franks on the far left. Then there will be the effective portion the house who will be getting things done in the middle leaving those on the far left and right mad.

Haven't you noticed Peloci had been relatively quite...

 

Yeah, they started arming for war and fighting in World War II before the United States did. World War II was a massive government spending program that cranked up the economy. We don't want a war to do that today but we do need a massive government domestic spending program to crank up the economy.

 

Ken, why didn't the war in Iraq keep us out of recession then?

 

Common sense break:



You cannot spend your way out of debt.



Now back to your regular scheduled program.

 

The idea is not to spend our way out of debt, the idea is to encourage the eagle to shift hands with Government making the first step. We've tried tax breaks over the last 8 years and you see things are only getting worse. Why not give something else a try?

 

It's not a "stimulus" package. Just a government spending spree that will do less than nothing to end the recession.

 

Spending hundreds of billions of dollars in Iraq does not equal spending hundreds of billions of dollars in the United States.

 

Quote:
Originally Posted by targus
Ken, why didn't the war in Iraq keep us out of recession then?

:laugh:

A very poorly thought out answer to a good question. Wanna try again?

 

We have spent and spent over the last 8 years. We have give government loans to people who are not qualified for home loans and hyper-inflated the housing market. Now those loans went bad and the ball started rolling. Add to that we have quit producing in this country. Labor costs and excessive taxes have driven business out of the US. The government seems to think that American business is a bottomless pot of money to fund what ever whim enters their mind. Where we are at today has nothing to do with tax breaks. All this spending has been tried for the last 8 years. And it the very reason we are where we are today.

 

It is not that we spend over the last 8 years, it is what we spent on and who profited that was the problem. Bush continually cut taxes on those who could afford to pay but it translated to record unemployment. This spending is designed to put people to work, not paying people to put folks to work only to see them pocket the money...