Large Economic Stimulas Package After Election Will Be Required
While nations around the globe are working this weekend on ways to insure that lending among banks is again ramped up, many others are looking at the need for a stimulus package that will encourage spending. It is another painful political step for some to take, but the matter must be dealt with prior to the next Congress taking over. This matter, like others designed to bolster the economy, can not wait.
While credit markets will again be back in the work that seems invisible to most of us on a day to day basis, it is the lack of spending by consumers that needs to be addressed. Consumer spending will fall backwards this quarter for the first time in 17 years. As a consequence business cuts back in their outlays and production, and it all trickles down to the towns and homes where we live.
That is where the stimulus bill comes into play.
Congress is considering a post election session where a $150 billion plan will be introduced to insure that spending is pumped up. Federal subsidies to cities and municipalities will be one needed measure that this bill can take to break the downward spin the nation is experiencing. In addition, there clearly will be needs for more unemployment compensation, and food stamp dollars to help people in this economic crisis.
This mess was not created overnight, and one blast of money injected into the system will not be all this is required, as in the case with the recent bailout of financial institutions. There must be gritty determination by the leaders in Congress to move boldly ahead with these types of measures so that our economy can again create jobs and paychecks for the citizenry. In addition, we need to work create for the average person in this country renewed faith in financial institutions, and the underpinnings of our national economy. All that has been sorely tested, and in some cases severely eroded over the past month.
I think that the stimulas package is a gret idea. A lot of the problem with people having problems with being in debt beyond their control, is due to the prices of gas over the the last year, the food prices rasing up every time you go to the store and the size of things going to almost nothing in the containers. Almost everyone now is having to have government help just to eat. Another thing that people can’t afford is to have electricity. The electric is getting crazy with the rates on the percentage of peoples wattage. So the stimulas package will help the middle and lower class people pay the bills that they owe to the electric companies and the banks to keep their homes.
Well your right paying off old bills does not create the needed stimulas for the economy
Neither does insurance spa parties either.
Paying off old bills does not create the needed stimulas for the economy.
I think they should put the package into the public circulation. Give everyone over the age of 23 with a family annual income of less than 120k a equally divided share of the 700 billion we have, with a stipulation that all bills must be paid off before any free spending money will be allowed.If we can pay off our bills, then the rest will be used to reinvent the economy which will produce more jobs and help out the people who are really hurting by this.the Middle and lower class workers.and yes with the new jobs and old debt paid off, the new money we will be making will go into buying new things.
hey any1 wants a turkey for thanksgivng
If the money is put into a government program the dollars can be put into job programs and the such to help the economy. If checks are given to citizens to many will use them to pay off old debt, and then there is no new bang to the national ecoonomy.
Why not give 20,000 to every home owner instead of these tax stimulas checks that are not going to boost up the economy with 20,000 invested into the economy some people can have their homes from foreclousure payoff some bad debts instead of helping the people the put seven hundred billion into wall street in stock markets how does that help people that have nothing invested how can they save their homes and credit with job lost rates some people are now living off there credit cards it seems that the world is getting harder to live in and afford at this rate they’ll be lots of people leving the US to live cheeper
R,
Try to focus……..
For the record I am 46.
The person that hosted this site must be of a very young
age. An age that wasent around during the days of Jimmy
Carter. The days when Iran took American’s as hostages.
And yet Iran still tries to be the center of attention by trying
to build Nuclear power plants.Why? They have all the
natural
oil any one country could need. And where there is oil you
have natural gas. Nuclear Power Plants? PLEASE! And they
say its for energy? Do you really believe that!!! Hitler once
said all he wanted was the parts of Germany that was
missing. Saddam said it was only a military exercise. These
statements were made before both invaded their
neighbors.
And you also commented on the south american alliance.
Venezuela, Cuba, and who ever. You think these countries
give a rats ass about the USA. All they want is more of our
money. What you want another NAFTA idea. You dont think
enough of our lower paying jobs went south of the border
or over seas(CHINA). You’re so much for the small man ask
one of them if they wouldn’t like one of those jobs back.
Large business owners create jobs. Large companies
create enviroments. Silicon valley=Computer industry.
Norco La= Oil Industry; Chicago= Beef industry.
A self-employed plumber in Holland, Ohio asked The One directly why he–a productive member of society–had to cough up for the rest of the country. Obama’s response was telling: “It’s not that I want to punish your success. I just want to make sure that everybody that is behind you, that they have a chance for success too.”
“I think when you spread the wealth around, it’s good for everybody.”
Read that again. When you spread the wealth around, it’s good for everybody. Obama’s economic plans aren’t concerned with generating new jobs and new wealth; his concern is with socializing America. And he’s not even hiding it!
S-O-C-I-A-L-I-S-M
Julie: Please tell where anywhere in American History that a tax increase got our economy moving?? It cost Bush 41 a second term. Walter Mondale suggested it in ‘84 and he got blown out of the water. I take that back he won MN, his home state..
Not so fast. If your small business makes $500 million a year and you can write off $499,754,999 worth of taxes (believe me, it can be done) then you will not see a tax increase. It is important that people see this and see that Obama will only raise taxes for companies that have $250,000 or more in net profit. A simple raise to an employee or yourself can eliminate this tax increase. 90% of small companies will not see a tax increase from Obama.
Obama’s only “Stimulus Package” so far seems to be tax anyone who makes over $250,000 a year. Because the rich are just so damn evil. It is their fault we are in this mess after all. This means taxing the small business entrepeneurs. Why should they be taxed MORE money for working hard? Where do most of the new jobs in our economy come from?? Answer: Small business. If President Obama is taking more of their money what is taxing them going to solve??? I know it will give the IRS more things to do going after more tax cheats… Well, hey at least somebody gets the extra work and benefits from this..
Abuse of food stamp debit cards does not mean people don’t need them. Show me a system completely free of abuse. What is sad is some person laughing and making a mockery of what for some families is a saving grace. I hope you take this “tremendous side job” you label as “abuse” and REPORT it! I’m interested to know what you would suggest as a reasonable alternative to food stamps since you want to throw the baby away with the bathwater as the old cliche goes.
“extended jobless benefits, money for food stamps” the jobless benefits I see why necessary but that won’t stimulate the economy and there is so much abuse with the food stamps, that program should just be eliminated. I work with a gal who does a tremendous side job of buying and selling those nice little debit cards the state give out. She just laughs about the abuse that is so prevalent with them.