Hello all! I am taking a Political Science class right now and I am trying to get varying opinions on Obama's Stimulus Package. Any thoughts? Will it work? What are its flaws? What might need to be changed? Thanks for any input!
We are in uncharted territory. The very best economists have not a clue. Obama is trying to either slow the spiral to our abyss or speed our climb from hell. Only time will tell. In the mean time, if you have a little money, there are great buys on the market. Should they fail we are screwed anyway and the dollar will be worthless. Depression is still not out of question. The cards were laid out quite a bit of go.
No it won't work but I believe that our economy will begin to recover within the near future despite the Obama administration's ridiculous "Let's just throw money at it" attitude. The problem is that when the economy recovers ITSELF the current administration will likely get all the credit and Obama will stick around for another four years.
The Government cannot create permanent long term jobs.
November 23 2009, 11:32 PM
Obama and his Staff need to quit lying to America about the number of saved jobs and Government created Jobs.The Last 2-3 months of the Obama Staff has filed reports for Government created jobs and saved jobs that were filled with exaggerations,hallucinations,and outright lies. Before The Obama Democratic Stimulus was passed Obama promised that Unemployment with Stop at 8% if the Stimulus was passed.Unemployment is Now 10.2% and still climbing.The Taxpayers will Pay 837 Billion Dollars for This Economic Disaster.I have heard the Obama Administration is Talking about a 2nd Stimulus. Businesses create jobs not the goverment.Ronald Reagan helped bring this country out of a Recession close to ours with Unemployment at 12%.Reagan lowered Tax Rates for Businesses and Individuals for 6 to 8 years and this created Millions of jobs for Americans and brought Our Economy out of The Recession. Obama Wants to Tax Businesses and Indivuals 10-12 TRILLION DOLLARS for His Transformation of America to European Socialism. Walt
The Government cannot create permanent long term jobs.
November 23 2009, 11:37 PM
Obama and his Staff need to quit lying to America about the number of saved jobs and Government created Jobs.The Last 2-3 months of the Obama Staff has filed reports for Government created jobs and saved jobs that were filled with exaggerations,hallucinations,and outright lies. Before The Obama Democratic Stimulus was passed Obama promised that Unemployment with Stop at 8% if the Stimulus was passed.Unemployment is Now 10.2% and still climbing.The Taxpayers will Pay 837 Billion Dollars for This Economic Disaster.I have heard the Obama Administration is Talking about a 2nd Stimulus. Businesses create jobs not the goverment.Ronald Reagan helped bring this country out of a Recession close to ours with Unemployment at 12%.Reagan lowered Tax Rates for Businesses and Individuals for 6 to 8 years and this created Millions of jobs for Americans and brought Our Economy out of The Recession. Obama Wants to Tax Businesses and Indivuals 10-12 TRILLION DOLLARS for His Transformation of America to European Socialism. Walt