Bernanke endorses more stimulus for weak economy (creditors, debt, buy)

[baystater]

Bernanke endorses more stimulus for weak economy - USATODAY.com

Are you fooking kidding me?!

[tallrick]

That's it, just keep pumping and wait for the system to explode. How can we get rid of this dysfunctional system for good?

[colleeng47]

They're terrified that people may actually use some common sense and not spend horrific amounts of money on Christmas this year. So the government will finance it instead. Unbelievable.

[reverse]

I highly doubt a stimulus package will do much of anything. Only those either financially sound or financially retarded will use it, everyone else will probably just use it to pay off debt or stick it in savings.

Funny how the bailout isn't working (yet they say to give it more time), so now they want to inject even more money to fix things. So when the stimulus doesn't do what they want, I'm sure they will come up with something else and the cycle continues. It's like they're trying to put out a fire by smothering it with wood.

[Philip T]

Originally Posted by tallrick

That's it, just keep pumping and wait for the system to explode. How can we get rid of this dysfunctional system for good?

Nope, absolutely NOT.

If it can float more debt, we must keep loading it up.

AND THEN it will sink straight to the bottom AND THEN . . . maybe we can build a new one, but only if we can shoot, drown, and/or run out of town all the free-load bankers, lawyers, and politihos who will urgently and insistently try to recreate their own mess all over again.

Lather, rinse, repeat.

[phoenix_talons]

I never got my first stimulus check. Don't expect to get this one (should it go through).

[Oildog]

If the government can throw money around, why not lower everyones tax rate by 10%?

[cobolt]

One wonders that their (Govt) actions aren't doing more harm than good and actually retarding any sort of comeback. I mean geez louise......how much more are they gonna stick us with????

[chuck22b]

Originally Posted by reverse

I highly doubt a stimulus package will do much of anything. Only those either financially sound or financially retarded will use it, everyone else will probably just use it to pay off debt or stick it in savings.

I'm going to go for the "unpopular" opinion.

I think it's a good move. Essentially increasing government debt and lessening household debt (the core of the problem). It'll be easier for the government to "negotiate" a debt write-down or course of action with our foreign creditors than it would be for each and every household going through the banks, then to the government, and then to the foreign creditors.

Ultimately, we have to negotiate with our foreign creditors to determine the end result.

If people put it into savings/paying off debt ... offhandedly it is shoring up bank finances by supplementing debt assets with cash/deposit assets.

At the bottom of this crisis it's ultimately a household debt problem. A stimulus towards the household sector should help ease the pain vs. all the handouts directed to just the banks.

The Fed and other central banks has "injected" trillions of dollars already into the system... and we still have a fairly level money supply and flat CPI.

-chuck22b

[NJ Chutzpah]

apparently all the employees are making enough to buy the company and then some more, if they pooled some of their gross salaries together

So if they want to save their jobs, why not just let them do it themselves?

if I am wrong someone correct me