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It is a neck and neck race between Democrats and Republicans as to who can waste the most taxpayer money and leave the biggest debt for future generations.

The last stimulus rebate was $168 billion. At least one billion of this amount was spent just giving the money away. Of course, if anyone owed taxes, child support payments or student loans, the government just kept the money and pretended that people actually paid these debts.

Much of the money eventually wound up with oil companies, oil producing countries such as Venezuela, Iran and Russia, Chinese manufacturers, and credit card companies. Sure didn't help American auto manufacturers. And unemployment is a third higher now than it was before the stimulus payment.

The next stimulus will go to many of the usual suspects, plus breweries, casinos, cigarette manufacturers, drug dealers and pharmaceutical companies. None of these, except maybe the breweries and casinos, provide any kind of substantial jobs.

I think the money would be better spent on infrastructure. Building roads and bridges provides meaningful jobs for meaningful periods. It helps American companies such as Caterpillar. It provides more jobs for truck drivers.

The money would also be better spent remodeling and repairing schools. That would be meaningful jobs for air conditioning technicians, carpenters, electricians, plumbers, tile setters, brick layers and their helpers. This would also help American electrical and plumbing manufactuers, and truck drivers moving the materials.

The money would be better spent as a one time $1,000 to $2,000 additional credit for the purchase of an American made vehicle. This not only benefits autoworkers, but all the parts manufacturers.

As it is, we have to pay for the stimulus package, more unemployment payments, more welfare payments and three or four months after it is over, we won't have anything to show for it. Just people more dependent on government to take care of them. Each of the above provides jobs and makes both the present and the future better.
 

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AFKA ZealYouthGuy
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Sorry, that's trickle down economics... it's VERY unfashionable right now.

But don't get rid of the idea... it will be readily accepted when unemployment is above 10% and the people start thinking that jobs are more important than "stimulus checks".
 

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Pelosi is pushing for a reduction in the income tax which would mean employers would take less out of paychecks. This is a good idea in that it costs the government a whole lot less and gets new monies to all the people who have tax withheld from their income much quicker.

If we should be doing either is the main question. Both of which appear to me to be to little to late to solve any long term financial problems this country and the world are facing. I would be glad to get the extra monies for preps that is for sure.
 

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mean people suck
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That sounds like the employment part of FDR's New Deal from the Great Depression. I don't think it'll work without the business and financial reforms as well. It sounds good on paper for the present situation, but I think the reality would be much different. People are just different now than they were then.

http://en.wikipedia.org/wiki/New_Deal
 

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I think the money would be better spent on infrastructure. Building roads and bridges provides meaningful jobs for meaningful periods. It helps American companies such as Caterpillar. It provides more jobs for truck drivers.
hmm this one I dont really agree on because whenever a new road is put in everybody is told "oh it's for the good of the people". Oh really? I'm sure the famer whos' field was sliced in half or other person who had the land theft happen doesn't see it that way. I could agree with fixing the existing roads and bridges though.
 

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Maybe so, but, I am not buying a new car right now. Or a used one. We are repairing the OLD ones, 'cause I do not trust the economy.

That is not a good attitude for the country, but, it is a good one for my household!
 

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They're also talking about nationalizing aka stealing everyone's 401Ks. That's right, the government wants to take over your 401k and spread the wealth around.

They've also put forth a long list of gun control measures they wish to get started on. Banning the number one selling rifle in the US and turning millions of gun owners into criminals is one of the big selling points. Because The Chosen One believes in the Second Amendment and stuff.

Oh and lest we forget The Chosen One's national service scheme. You know, REQUIRING you to serve the state. Be you school age child, college student or elderly he wants you and he's not taking no for an answer.

Ironic that a black (well, half black) man wants to re-institute slavery. Guess if he's the one owning and not ****** then he's cool with it. Must be that evil white half making him do it.
 

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Bailouts, stimulus pkgs, and other such boondoggles just weaken the dollar and stretch out the economic downturn, just look at history and Hoover and FDRs meddlings in the market. The 1873 depression was simular severity but the politicians then let the market take care of things, the leveraged rotten parts of the economy were allowed to collapse, prices adjusted, and things started over afresh. Painful but much shorter recovery time than the depression of the 30s where Hoover and FDR tried to prop everything up, it might have taken even longer except WWII came along and economically dwarfed everything else and gave everybody a job whether they wanted it or not.

President-elect Obama is going down the Hoover-FDR bunny trail and going to give out easter eggs to all including poorly run mega-corporations. No kidding, McCain would have done same thing, just as our current republican president is the one who asked for the intial 'mother of all bailouts'. Its the way our increasingly fascist govt thinks. By time they are through, that initial $750 billion will look like chump change and it will still take longer to get the economy going than if we just let everything collapse and start afresh. If we are going to spend money, use it to make sure people are fed and dont freeze, otherwise let market correct itself.
 

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Sorry, that's trickle down economics... it's VERY unfashionable right now.
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You mean trickle down lottery where profits are privatized and losses are socialized? The FASCIST economic model!!

You believe in free market capitalism you should believe in letting poorly run companies collapse so new more efficient companies can arise to take their place. Investing is a gamble, be stupid about it and you lose your shirt, that is real capitalism. In real capitalism no company is too big to crash and burn out of its own complacentcy and stupidity. Propping up badly run companies at taxpayer expense just encourages more of the same bad management.
 

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Yes, poorly run companies should be allowed to fail. Our government is paying for all of this by printing more money (many people still don't understand we no longer back our dollars with gold). Flooding the market with more $ results in hyperinflation. Watch the costs at the grocery store. We live in northern Indiana and a year ago milk was around $2 a gallon - now it's almost $4 (paid $3.82 at Kroger last week) - and this is only the beginning.
 

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AFKA ZealYouthGuy
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You mean trickle down lottery where profits are privatized and losses are socialized? The FASCIST economic model!!

You believe in free market capitalism you should believe in letting poorly run companies collapse so new more efficient companies can arise to take their place. Investing is a gamble, be stupid about it and you lose your shirt, that is real capitalism. In real capitalism no company is too big to crash and burn out of its own complacentcy and stupidity. Propping up badly run companies at taxpayer expense just encourages more of the same bad management.
Although I lean that way more than the other (free markets) there is no such thing in the modern world.

COMPLETELY free market is forbidden in the modern world. Actually it's forbidden by people like you Hermit John.

Oh, and like people like me and everyone on HT... so don't get too offended.

Completely free markets don't have "safety regulations".
Completely free markets don't have "minimum wage."
Completely free markets don't have "environmental regulations".
Completely free markets don't have "labeling".
Completely free markets don't have "child labor laws".
Completely free markets don't have "recalls".
Completely free markets don't have "patents".

And the list could literally go on and on.

Sorry, but "true free markets" can't exist in todays world. We are too litigious, to unscrupulous, and too dangerous to ourselves and those around us. I wish it wasn't so.
 

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He said this stimulus package would extend unemployment benefits by 13 additional weeks, infrastruture improvement which will create jobs also and additional money for the food stamp program because so many people have had to apply for them with the record loss of jobs.
 

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Well, then, where's my government debit card, my food stamps, my free healthcare and everything else I pay for but am unable to draw from because, according to Obama, I have made a 'virtue of selfishness' while 'clinging to my guns and religion'? I make just a smidge too much to draw any government benefits (less than $200 too much) but I don't make enough to afford healthcare... so I'm up the creek, yeah? Hah, too bad for ME because I am, according to your new president, 'selfish'.

I WANT MINE! AND I WANT IT NOW!!
 

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Well, then, where's my government debit card, my food stamps, my free healthcare and everything else I pay for
I WANT MINE! AND I WANT IT NOW!!
Well, I may be able to help with that question. As far as your government debit card for food stamps, it depends on which worker you get at the food stamp office. Keep applying--you may eventually get the right one and get one of those debit cards. Remember though, that the rules change depending which worker you get so you may not be able to renew when the time comes. Now about that free healthcare. That's a sort of sticky wicket. That depends on the worker also where the reason you don't qualify comes in. I was told in plain english that I do not qualify for medicaid because (and lets not start a fight here-- this is EXACTLY the words used by the worker) I am not black. Simple as that. It sat me down. I could not believe she said it. I asked her to repeat it and she did. So there you have it. Keep trying for that debit card till you get the right worker, and if you're not already black, change nationality. (I bet if I was here illegally I would get medicaid.)
I was just looking for a little help because I am a full time student and work part time for little or nothing. Don't plan to make a life of the welfare system. I guess if they can see you are trying to get a new career because yours in the toilet, they have more reason to deny you benefits.
There's a chance that the chosen one will fix that (hahahahaha!) by then I will be (hopefully) employed in my new career with a mountain of student loans to pay!
I think I just hijacked. Sorry.
 

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Pelosi and other dems have been calling for this before the first round of checks even made it to everyone's mailboxes.

Extended UE benefits!?! They are alredy extended another 13 weeks beyond the base 26, so another extension would take it to a full year!?

Supposedly this new round of "stimulus" would also have lots of public works spenings, roads, bridges, etc. Sounds like the "new deal vol 2" to me.

In the last world war, the government was preaching conservation and victory gardens, now they are preaching to us to spend money and generate sales for retailers. Please.

And don't even get me started on stealing the 401K's. Argentina just did this as well, it's working real well down there, so let's do that here.

I don't like Obama as I like to keep my money and don't like to just hand out government aid, but as much as I would like too, i can not pin all these woes on him, he has a whole lot of help from the rest of the dems and honesly most of the repubs as well.
 

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The last stimulus rebate was $168 billion. At least one billion of this amount was spent just giving the money away. Of course, if anyone owed taxes, child support payments or student loans, the government just kept the money and pretended that people actually paid these debts.

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You know I never really gave it any thought, until I read this part. But doesn't that almost defeat the purpose?? I mean, wouldn't it like being a bank giving you money, then turn around and take it back to help pay off your loan with same said bank? Logically it doesn't sound like a wise thing to do, business wise I mean. Or if someone owed you money and you would turn around and give them more money only to ask for it back to help pay off what they already owed you? :shrug:
 

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I don't agree with any of the stimilus plans that have happened or will happen. I'm hanging onto the money from the last one and will if another one comes. The way I understood the last one was it was just a loan against your tax return for 2008 and they will deduct that amount from the amount you are getting back or add it tho what you own. Someone'g going to have to pay for it and you know who that is.

Bob
 
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