Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
yesterday? They tried to get another "stimulus" package pushed through while everyone was wringing their hands over the bailout.
Are you kidding me? They're talking about 700 billion and then want to get yet ANOTHER stimulus package through?
Evidently it was blocked and is a dead issue for THIS year but I'm guessing it'll be back in the spring.
What I'm wondering is how exactly extending unemployment and the other gimmies would stimulate anything at this point except the deficit.
yesterday? They tried to get another "stimulus" package pushed through while everyone was wringing their hands over the bailout.
Are you kidding me? They're talking about 700 billion and then want to get yet ANOTHER stimulus package through?
Evidently it was blocked and is a dead issue for THIS year but I'm guessing it'll be back in the spring.
What I'm wondering is how exactly extending unemployment and the other gimmies would stimulate anything at this point except the deficit.
ummm WoW
1. Consumer spending makes up 70% of GDP
2. People with no jobs or living check to check can't spend
3. Give money to them and the thinking is, they will spend. *spurring the economy a bit*
4. Expect another stimulus check next year.
WASHINGTON (Reuters) - The Senate on Friday blocked a $56.2 billion economic stimulus package that would have extended unemployment benefits, increased food aid and funded new construction projects to create jobs.
The 52-42 vote fell short of the 60 votes needed in the 100-member Senate for Democrats to clear a Republican procedural hurdle and move toward passage of the bill, which backers said would give the ailing U.S. economy a needed boost.
The House of Representatives plans to consider a slightly different stimulus package as soon as Friday afternoon but chances of any stimulus bill becoming law appear slim as the White House has threatened a veto.
WASHINGTON (Reuters) - The Senate on Friday blocked a $56.2 billion economic stimulus package that would have extended unemployment benefits, increased food aid and funded new construction projects to create jobs.
The 52-42 vote fell short of the 60 votes needed in the 100-member Senate for Democrats to clear a Republican procedural hurdle and move toward passage of the bill, which backers said would give the ailing U.S. economy a needed boost.
The House of Representatives plans to consider a slightly different stimulus package as soon as Friday afternoon but chances of any stimulus bill becoming law appear slim as the White House has threatened a veto.
Actually I would not be opposed to such a bill if it included provisions to remove housing deadbeats from their current overpriced, inefficient dwellings and the building of basic barracks near the infrastructure construction projects so they could walk or bicycle to work.
Actually I would not be opposed to such a bill if it included provisions to remove housing deadbeats from their current overpriced, inefficient dwellings and the building of basic barracks near the infrastructure construction projects so they could walk or bicycle to work.
interesting twist! So basically your are saying government housing projects for the working poor? Not a bad idea.
Well, you could look at it that way. I am looking for ways to put new energy, transport and manufacturing infrastructure on solid economic footing.
Subsidizing inefficient housing, vehicles, and reckless consumption of mostly imported goods is not the way to go.
i wasn't disagreeing with you. I think its a plausible idea to be honest. As I continue to say, I don't believe in the whole socialism vs capitalism or liberal versus conservative crap that most dumb American's get drunk on. I believe in doing things that will benefit the society at large. That doesn't mean helping one section who is doing ok and thumbing ones knows at those who may have fallen on hard times be that of their own doing or not. You leave sections of your populace behind and the entire society will pay for that. So, I agree with you, it is a good idea. It will be interesting to see what the next president does to fix the problems. Also, equally interesting will be to see is how they fund all of this. Some people are saying there may be a second currency that appears. Interesting times.
i wasn't disagreeing with you. I think its a plausible idea to be honest. As I continue to say, I don't believe in the whole socialism vs capitalism or liberal versus conservative crap that most dumb American's get drunk on. I believe in doing things that will benefit the society at large. That doesn't mean helping one section who is doing ok and thumbing ones knows at those who may have fallen on hard times be that of their own doing or not. You leave sections of your populace behind and the entire society will pay for that. So, I agree with you, it is a good idea. It will be interesting to see what the next president does to fix the problems. Also, equally interesting will be to see is how they fund all of this. Some people are saying there may be a second currency that appears. Interesting times.
I sharply disagree with continuing to subsidize average US workers in houses and a reckless consumption lifestyle that they and the whole country cannot afford.
I would be in favor of subsidizing them to receive retraining to help make them competitive in the global marketplace and to have basic housing (and of course food and basic utilities) in the meantime (foreclosed homes in non-viable suburban subsections should be simply razed).
But I expect the government to continue to try to square the circle, so to speak, at the expense of the entire country's competitiveness, short, medium and long term.
Well you know things are bad when we have the government sending us money to spend to keep the economy going.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
