SWEET! the stimulus passed

[Ollie]

True? Maybe, but you know what the result would be? Nothing but inflation.... Good thing you aren't running the country!

Abominable is correct. It would only be 3400 (the total cost is closer to 780 bil).

If I was running the country we would have stabilized the banks and invested in infastruture and tax cuts. Ya know, infastruture, roads, bridges, electrical grid stuff like that.
NOT dog parks, not new airports because some senator doesn't like to drive, not socialized medicine.
Straight , above the board bill. Not a behind the scenes load of pork ridden BS.

NO ONE EVEN READ THE DAMN THING. They have no clue what's even in it.
The economist are all saying that only about 30% of this bill is going to do anything towards helping, and wait till you hear the massive load of BS the socialist in charge is going to unload concerning home loans.

 

[ArcticBoy]

They government isn't just printing money... anways the Fed isn't part of the govt... The govt is taking out loans to pay for this (ie increase in deficit, national debt). Therefore the net amount of money in the books is the same, and inflation will not be a problem.


I wish there was a lot more money being put into infrastructure. I would have loved to see some more rail projects and other public transportation projects. I would also like to see a bunch more money put into the energy sector too.. Seems those two issues, transportation and energy, could use a lot of money and the net benefit would be cheaper costs to the public while also creating jobs and putting people to work, kind of like the interstate program.

But like I said above what good is a stimulus if it takes years to start? Just to get started. By then the weaker are gonna be broke anyway and many will be on gov't aid.......oh I now I get it.

 

[zach477]

There was an email going around back when they first bailed out the banks that said they could take that money and give it to every citizen over the age of 18 and it was like $250k a piece, which was also grossly inaccurate…. like mentioned above, that $787 billion divided among US adults would equal out to about $3400 a person. Just to give you an idea of how much $ 787 billion really is, convert dollars to seconds and compare it in a matter of time. 1 million seconds is equal to 11.57 days, 1 billion seconds is equal to 11,574 days or 31.7 years, 1 trillion seconds is equal to 11,574,074 days or 31,709 years. Our country debt is $10.7 trillion currently. If you take $10.7 trillion and divide it with the US population it comes out to around $34,967 a piece. If I had $10.7 trillion to spend and lived to be 110 years old, from the second I was born I could spend $3084 a second, $185,040 a minute, $11,102,400 an hour, $266,457,600 a day for my entire life.

 

[ruffryder]

But like I said above what good is a stimulus if it takes years to start? Just to get started. By then the weaker are gonna be broke anyway and many will be on gov't aid.......oh I now I get it.

So we should have done something about the recession before there was a recession? I think you hit the point on the urgency of the bill, it will take time to get the money flowing...

Everyone has stated that this recession isn't as bad as what we have faced before... That is true and this bill is not meant for now, it is meant for when things get worse in the next year or two.

 

[Van Epps]

So we should have done something about the recession before there was a recession? I think you hit the point on the urgency of the bill, it will take time to get the money flowing...

Everyone has stated that this recession isn't as bad as what we have faced before... That is true and this bill is not meant for now, it is meant for when things get worse in the next year or two.

If this bill is "not meant for now" I ask why have Obama and his cohorts been speaking rhetorically (along with scare tactics) about how urgent it is to pass it? I guess you know more about the urgency required regarding the "recovery plan" than the President?

"It will take time to get the money flowing"?? The big banks receiving a handout won't/didn't have to wait long. The new democrat majority just dipped into the american peoples pocket and gave themselves a raise. The automakers will get theirs soon. Its funny that the ones waiting are the only ones that MIGHT actually make a difference. (infrastructure rebuilding) What a joke

 

[Ollie]

So we should have done something about the recession before there was a recession? I think you hit the point on the urgency of the bill, it will take time to get the money flowing...

Everyone has stated that this recession isn't as bad as what we have faced before... That is true and this bill is not meant for now, it is meant for when things get worse in the next year or two.

um, Both Bush and Cheney TRIED to do something about the crash BEFORE it crashed and was stopped by the dems both times.

Everyone saw it coming but the dems refused to do anything because they wanted to use it against the republicans in the election. Worked didn't it.

We were talking about this coming a year and a half before it hit. If WE saw it coming like a freight train off a cliff, don't even try to tell me the Dems didn't.

Fact is, the dems stopped every attempt to regulate the banking industry, stopped every attempt to cut the caustic loans, tried everything they could to stop this and Palosi and crew stopped them.

So yes, they should have stopped it before it bacame a problem.

Oh, and in case your wondering about why it was SO urgent to pass RIGHT NOW, DON'T READ IT, JUST SIGN OFF ON IT!. It's because of what's buried in the bill. Socialized medicine is one major thing in there and I am hearing there are a whole lot more.

This bill is nothing more than a liberal socialist wet dream.

 

[ruffryder]

Fact is, the dems stopped every attempt to regulate the banking industry

So the answer was more regulation after all??? Seems some "let the market sort it out" guys might have an objection. Dems stopped it dems stopped it... the government should have been there to save us..

Are you calling the electronic health document tag things socialized medicine? Seems like a lot of people in the health care industry think that this is a great thing, and the start of reducing a lot of the waste in health care.

 

[ruffryder]

If this bill is "not meant for now" I ask why have Obama and his cohorts been speaking rhetorically (along with scare tactics) about how urgent it is to pass it? I guess you know more about the urgency required regarding the "recovery plan" than the President?

Why yes I do... or you can't read the couple of posts before yours.... The point was made that it is going to take a year or two before the money is to be fully utilized ( most of it put into the hands of the workers doing the jobs), you guys know that it is a 2-year bill right? So if the lag is that long, the quicker we act now, the quicker the stimulus will have an effect.

"It will take time to get the money flowing"?? The big banks receiving a handout won't/didn't have to wait long. The new democrat majority just dipped into the american peoples pocket and gave themselves a raise. The automakers will get theirs soon. Its funny that the ones waiting are the only ones that MIGHT actually make a difference. (infrastructure rebuilding) What a joke

Handing over loans to banks is just a complicated transaction on a balance sheet. Paying for numerous projects takes time before all the money will be spent. Isn't it similar to building a house? Oh, and the banks did not get a hand out.. they got a loan.

 

[christian]

I think the only positive things to come out of the Bush administrations time in office is we won every Superbowl and World Series...............






When can I expect my private jet? Will it come with a fuel card and side door for loading sleds?




No just kidding at this point who cares if the bill is wrong or right(ITS DONE PERIOD)
I just hope it develops alot of jobs, cause I dont have fingers enough to count how friends are already laid off. And it will not be funny how many construction jobs will be lost coming this spring/early summer???

 

[Snow Fox]

Welcome to the USSA.

 

[Wyoming T/A]

a boy asks if his dog qualifies---
He's not whitehe's not smart
he doesnt know who his father is

sounds like a winner to me--sign him up Obama

 

[SAWYER]

I hate where this country is going right now. And the sad part is their are more retards in this country than their are actual blue collar hard working americans

 

[ruffryder]

I hate where this country is going right now. And the sad part is their are more retards in this country than their are actual blue collar hard working americans

Problem is that nowadays some are one and the same...

 

[viperxc]

Problem is that nowadays they are one and the same...

One and the same? How do you feel about the bailed out bank CEO's and their bonuses?

 

[swampwater]

#15 Today, 09:52 AM
ruffryder
Senior Member Join Date: Aug 2002
Location: Fall City, WA
Posts: 3,454




Anone who thinks they are not going to print new money is smoking the wrong substance. The government prints the money and sells it to the fed for the cost of printing and supplies than the fed loans it back to the treasury and charges interest. First of all where in the hell do you think they could find anyone to loan them the money in this situation and as quick as it would be needed. The only way there would not be new money in our economy would be if the government took it out of current circulation and than used the proceeds for the stimulus, what the hell would that accomplish. Ruffy you better stick to engineering. Swampy

--------------------------------------------------------------------------------

Quote:
Originally Posted by Rubi
You think that having the Federal Reserve print up a trillion greenbacks for pork barrel spending ISN'T going to cause inflation?

They government isn't just printing money... anways the Fed isn't part of the govt... The govt is taking out loans to pay for this (ie increase in deficit, national debt). Therefore the net amount of money in the books is the same, and inflation will not be a problem.

 

[Ex-Member]

[No message]

 

[dice]

Well I guess obama will leave a lasting impression one way or another. I'm just upset that my child will be paying for this even though he/she (we are not finding out what it is) has done nothing wrong.

 

[christian]

MONEY!!!

WARNING If you dont have an open mind DONT WATCH



http://video.google.com/videoplay?do...05277695921912


if you like this one, watch the first on as well....

 

[Ollie]

So the answer was more regulation after all??? Seems some "let the market sort it out" guys might have an objection. Dems stopped it dems stopped it... the government should have been there to save us..

Are you calling the electronic health document tag things socialized medicine? Seems like a lot of people in the health care industry think that this is a great thing, and the start of reducing a lot of the waste in health care.

They had regulations concerning equity rasiaos (sp?). You couldn't loan more than X percent of your total worth. The dems deregulated the banking industry, which they followed up with lowering the lending standards and then forced the banks to make home loans to people that couldn't afford them. This was followed by Clinton deciding to put your tax dollars directly in the line of fire when he forced fanny mae and freddie mac to buy up all the caustic loans the government forced the banks to loan in the first place. THis opened the door to the worst abusers this country has ever seen. They pushed every seedy loan they could, knowing full well you and I would be picking up the tab.

So instead of letting those banks go under and jailing the CEO's that did this, they turn right around and GIVE THEM EVEN MORE OF OUR MONEY. The politicians to forced this on us are still in office (except clinton). Do you ever hear about how the dems are directly responcible for this mess (granted a lot of republicans can also be blamed).

As for the Electronic Health tags.
This is the first step in what was Hillary's plan to social medicine. You have to have a full data base of everyone eligible (and yes illigals are eligible), their full medical background and any insurance they currently have. That is step one.
Step two is starting to dictate to the doctors what procedures they can and can't do. Obama has stated that is the goal of this. He says it will keep health care costs down.
BS
You want to keep health care cost down. Kick the damn illigals out or bill their home countries for their medical expenses. The other thing that needs to happen is to drop so much red tape on medicine. Europe has medications 5-8 years before we do. It costs MILLIONS just to get to the point where they can even examine the drug. By this time it has been in circulation in Europe for a couple years. It's a joke.

 

[bigfoot]

True? Maybe, but you know what the result would be? Nothing but inflation.... Good thing you aren't running the country!

And doing it the way the O-man did won't? C'mon ruffy you're smarter than that.