Let Actual Experts Make Recovery Plan? (Mexican, Obama, millionaires, lobbyists)

[Motion]

Instead of politicians,why don't they let banking experts and business owners have a big part in shaping the recovery plan? These people are in the best position to know what's needed to get credit going and what conditions employers need to get back to hiring.

[MovingForward]

Originally Posted by Motion

Instead of politicians,why don't they let banking experts and business owners have a big part in shaping the recovery plan? These people are in the best position to know what's needed to get credit going and what conditions employers need to get back to hiring.

I would imagine that banking and business experts are being heavily consulted.

[Oerdin]

Originally Posted by Motion

Instead of politicians,why don't they let banking experts and business owners have a big part in shaping the recovery plan? These people are in the best position to know what's needed to get credit going and what conditions employers need to get back to hiring.

There is a danger in having interested parties write checks for themselves with government money. I'm sure the Wall St bankers would have loved to have written their own bailout, hell, Bush basically did let bank lobbyists write the bank bailout. I'd prefer to have something a tilted more in the public interest then towards private interests.

Now if you're talking about a stimulus bill based on facts and opinions from real economists then look no further then the writings of Noble prize winning economist Paul Krugman. The amazing thing is that virtually all major economists agree with him that 1) tax cuts make for very poor stimulus 2) this bailout is to small compared to the over all size of the economy and 3) we should be concentrating EXTREMELY heavily on infrastructure and durable goods.

Now which economic stimulus plan sounds closer to what the economists are saying? The Republican "plan" which calls for nothing but tax cuts for millionaires or the Obama plan?

[lamexican]

Originally Posted by Motion

Instead of politicians,why don't they let banking experts and business owners have a big part in shaping the recovery plan? These people are in the best position to know what's needed to get credit going and what conditions employers need to get back to hiring.

No thanks I'll take the new administration along with the experts that he has employed. I'm happy we have an administration that is going back to the economic policies that made us the strongest country economically in the world. Forget all those supply side economic policies that have wedged such a huge gap between the wealthy and everyone else in this country! The power of this country was built on the sweat of the hard working people in this country not the bankers!

[Motion]

Originally Posted by MovingForward

I would imagine that banking and business experts are being heavily consulted.

I hope so. I'am getting the impression that this stimulus plan is being shaped by the economic views of politicians. I got the idea for this thread after hearing Jack Welch,an actual business owner,talking on this. He seemed like he knew what he was talking about more than the politicians I've heard so far.

[lamexican]

Originally Posted by Motion

I hope so. I'am getting the impression that this stimulus plan is being shaped by the economic views of politicians. I got the idea for this thread after hearing Jack Welch,an actual business owner,talking on this. He seemed like he knew what he was talking about more than the politicians I've heard so far.

If you payed attention you would have noticed how many business owners came out in support for the stimulus package.

[Motion]

^
It might not be that simple:

Small business owners question Obama stimulus plan - Phoenix Business Journal:

[EinsteinsGhost]

Originally Posted by Motion

^
It might not be that simple:

Small business owners question Obama stimulus plan - Phoenix Business Journal:

It is healthy to question a plan, respectfully. It is stupid to assume that those with questions are the only people one should listen to.

[Motion]

Originally Posted by Oerdin

Now if you're talking about a stimulus bill based on facts and opinions from real economists then look no further then the writings of Noble prize winning economist Paul Krugman. The amazing thing is that virtually all major economists agree with him...

Has Krugman addressed the concerns of the CBO?

But the CBO warned the long-term effect of that much government spending over the next decade could "crowd out" private investment, lowering long-term economic growth forecasts by 0.1% to 0.3% by 2019.

Senate clears path for stimulus passage - Feb. 9, 2009

[Oerdin]

Originally Posted by lamexican

If you payed attention you would have noticed how many business owners came out in support for the stimulus package.

Not to mention the US chamber of commerce.