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Thanks for the link dansdrive. Looks like just another HUGE pork bill. Wait until you see what the final plan looks like. A lot of money being given away for pet projects, that will only increase debt and not result in jobs. Same old same old, just on a larger scale. I feel confident that the Triangle will be one of the first places to see a recovery start, however it will be a false recovery. The real recession or even depression will come when all the money the government is charging up has to be paid back. It can't be paid back. We will never be able to do it. That will have a devastating effect on the economy and it will ripple down to the Triangle and destroy what makes this area great. Hey, but at least it will look good while the powers that be are in office, which is all that matters to politicians, both local and national.
Well, if you don't like the stimulus plan, let's hear some better ideas, folks.
Massive reduction in income taxes so money goes directly to people, rather than to pet projects which always results in the lining of the pockets of friends. (Possibly do a temporary one year elimination of income taxes on people making less than $500,000 per year, as an immediate jolt to the system).
Change to a low flat income tax system, eliminating all tax loopholes. Or better yet, eliminate all income taxes and go to a fair sales tax system instead, which ensures EVERYONE pays and eliminates the IRS.
Change the market to market accounting rules.
Follow the Triangle's lead in giving massive tax breaks to companies that keep jobs local.
Eliminate the thousands of government regulations that make it impossible to do business in this country. Streamline the rules to make them basic and understandable. Allow business to thrive, rather than punish companies that provide jobs to you and I.
STOP bailing everyone out. This just delays the inevitable. Let the market reset as fast as possible.
STOP trying to force home ownership on people, thus altering the reality of home values.
Take the bailout money back from the banks and lend directly to businesses on a temporary basis, in order to encourage growth.
CUT SPENDING. Isn't that what we all do when we don't have enough money?
Stop giving money to other countries until we straighten our own economy out.
This is just a start.
Last edited by Charlton Dude; 01-25-2009 at 09:09 AM..
Reason: Added one.
Well, if you don't like the stimulus plan, let's hear some better ideas, folks.
#1 thing, even before #1 on my list! Stop the foreclosure bleeding, and value deflation, NOW. Keep people in their homes, stabilize the housing market and you will have 60% of the battle won right there! The first $350 billion did not save ONE person from loosing their home, yet that is what we were all sold on, that it would do!
The package has to create growth and JOBS, not just spending.
1. Tax cuts for small business, with larger encentives for growing an hiring new employees. You know those evil business owners?
2. New emerging energy programs, initially sponsored by big government, but designed to promote feeding the private industry with new businesses and so on.
3. Support for existing and creating of new industry that make durable goods here in America. Yes, that is right, we need to make our own goods to some extent here in America. I'm not talking T-shirts and toasters, but pharmacuticals, technology, autos, and other things we can buy ourselves and sell to the rest of the world.
4. Cut all pork out of the 1 trillion package, as it is now, most ALL OF it is pork! Pure, "pat my back, I'll pat your's PORK!" It will only work for a while then the HUGE crash will come.
5, Get the heck out of Iraq, and Afghan, build a huge fence around the two radical Islamic states and tell them to have fun and not to venture outside into the rest of the world until they get their sht together! Done!!! $400 billion saved right there!
I think everyone in the Federal Gov't should be required to read, analyze and pass a test on the "Federalist Papers". We have veered so far off course the last 80 years, I do not think we can ever get back. The Feds need to get their hands out of A LOT of barrels.
I do enjoy the idea that instituting a bunch of right-wing proposals that have been in and out of fashion over the last 15 years is the right solution to just about any problem.
Seems people have forgotten how bad things were in the late 70's to early 80's. People seem to forget the double digit unemployment, double digit interest rates and the gas crisis. And then there was 2001. And no one seems to have a clue what the great depression was like at all.
Well to be fair, I doubt anyone who posts here was alive during the great depression so all they'd have as a reference is the stories they heard from relatives who were or in historical accounts. And I bet a significant portion of posters were mere babes in the 70's as well. I remember the recession of the 70's/80's very well and unfortunately the 2001 recession hit me very hard, which I hope to never repeat again.
JFK's tax cuts worked were really well. Reagan's tax cuts got us out of Carter's mess of a recession and Bush's tax cuts got us out of the dot com mess and recession as well.
The 2001 recession didn't hit housing the way this one is. In 2001 tech jobs got hit but in 2009 it's tech pharma, banking, finance & Everything that has to do with construction from architects to builiding suppliers. More are definitely affected by this recession & the layoffs aren't stopping any time soon within the next 18 months. Sorry to say...;-(
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A lot of money being given away for pet projects, that will only increase debt and not result in jobs. Same old same old, just on a larger scale. I feel confident that the Triangle will be one of the first places to see a recovery start, however it will be a false recovery. The real recession or even depression will come when all the money the government is charging up has to be paid back. It can't be paid back. We will never be able to do it. That will have a devastating effect on the economy and it will ripple down to the Triangle and destroy what makes this area great. Hey, but at least it will look good while the powers that be are in office, which is all that matters to politicians, both local and national. 
