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Are you saying the fiscal policies of the past 30 years - essentially the same thing as the NEED to spend to stave off another recession didn't do as planned, in staving off that recession? Now we NEED to spend even more to avoid what excessive spending over the past 30 years has achieved?
It gave us a partial recovery. The reason it didn't stave off another recession is because we didn't spend enough.
Hard right conservatives, do you think it's really a good idea to cut 2.5 trillion out of the economy? Or do you think its not good enough, that we should cut even more, and that will help the economy?
Are you afraid that your government job could be cut or something?
You don't have to be a hard right conservative to realize that our government has become way too big for us to afford it.
if you take in 5 trillion you should spend 4 trillion..leaving 1 trillion for emergiencies like the flooding in the midwest, katrina, 911, etc...and to PAY THAT DARN DEBT OFF
Don't you know you're not allowed to make sense... Shame on you!
Stocks plunge as economic, Europe worries continue - Yahoo! Finance (http://finance.yahoo.com/news/Stocks-slump-as-economic-apf-169769799.html?x=0 - broken link)
{snippet}" Investors are increasingly worried about economic weakness in the U.S. and a debt crisis in Europe."
{snippet}"Large investors have moved so much money into cash accounts at Bank of New York that on Thursday the bank said it would begin charging some clients a 0.13 percent fee to hold their cash."
{snippet} "The sell-off comes at a time when corporate profits are growing. The forward price to earnings ratio of the S&P 500 has fallen to about 12, well below its long-term average of 16. That means that investors who buy now are paying less for each dollar in profits"
Hard right conservatives, do you think it's really a good idea to cut 2.5 trillion out of the economy? Or do you think its not good enough, that we should cut even more, and that will help the economy?
It gave us a partial recovery. The reason it didn't stave off another recession is because we didn't spend enough.
no the stimulas (passed in feb 09) had nothing to due with the small recovery (june 09) especially since NONE of the stimulas spending started until sep/oct 09
Another stimulus MIGHT keep the ship afloat for just a while longer. Doesn't matter if one is passed or not, we're in too deep. Instead of another stimulus they're just going to roll out another QE.
We don't need to cut spending, we need another stimulus, and an even bigger one this time. A new 'New Deal' that invests in updating our nation's transit infrastructure and park system, as well as other public works. We also need to end the wars in Iraq, Afghanistan and Libya, cut military spending and return to pre-Reagan tax levels to make up the deficit in the future. Right now, we can't afford to worry about the deficit, we need to prevent the economy from collapsing again and lay a solid foundation for future economic growth.
Really?? Another stimulus, because the first one worked so well. And where exactly are we getting this "new" stimulus money from? We are in DEBT, which means in the red. We have no money to have a stimulus with. Good grief just get rid of the regulations on businesses, stop demonizing them and stop taxing the hell outta small business and we will be on our way.
I agree. That's how it should be under normal circumstances, but it's not possible during this economic emergency where we NEED spending to stave off another recession. The fiscal policies of the past 30 years have destroyed our nation's financial balance and undermined the factors that our economy was based on. Now we're reaping what our politicians have sown.
We don't have any money to spend. What do you not get about that! I agree that the policies of the past have contributed to this but Obama showed us off the cliff. He continued bashing of big business and the rich, add in his regulations and his idea that $250,000 per year is "rich", then his class warfare has made a fire an inferno.
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sense?
And where exactly are we getting this "new" stimulus money from? We are in DEBT, which means in the red. We have no money to have a stimulus with. Good grief just get rid of the regulations on businesses, stop demonizing them and stop taxing the hell outta small business and we will be on our way.
