DISQUS

Thomas · 10 months ago

It may not be enough, but it's a start. They're not done and we'll see a lot more come out of Washington over the next 12 months. Let's hope it's positive. The best thing about Americans is that even when we screw it up initially, we keep getting up and throwing our bodies at the problem. We will get it. Eventually.

tivoboy · 10 months ago

Nothing is going to fix the situation in '09, but this package WILL lay the seeds for recovery coming into '10. If anyone thinks that this will lead to a recovery in '09, they failed econ 101.

pritchet1 · 10 months ago

This is just another political payback scheme and is designed by the NWO banksters to destroy the US economy. There is no "stimulus" in this package.

Read this - http://www.ldsfreedomforum.com/viewtopic.php?f=...

and watch this http://www.youtube.com/watch?v=9nJ7LM3iyNg

Gerald Celente's prdictions on economic collapse and the next tax revolt.

21 states have already begun processing sovereignty legislation to protect themselves from the $multi-trillion burden.

http://www.mrstep.com/politics/az-wa-mo-nh-ok-c...

Peter Antypas · 10 months ago

I'm not a conspiracy theorist nut like pritchet1, but I do agree that there is very little "stimulus" in the so-called "stimulus package".

Let's get one thing straight about the New Deal: It didn't work. It didn't get America out of the Depression. What did it was World War II.

josh · 10 months ago

The answer is a definitive "No." If government spending was the cure all, what is stopping us at only 800 billion?

Frankly, this is a ruse to make people think the government is actually working for them, when in fact it is working against them.

Reduce, eliminate, or give a tax holiday on the capital gains tax. It would encourage business expansion, the stock market would jump, and lead to a quicker recovery.

Make no mistake, this economy is already in the recovery stage without this ill conceived bill. Nancy Pelosi violated the unanimous vote to have the bill put online for 48 hours before a vote. She made it to 10. The largest spending bill in our history and we are only allowed to see it late on a Friday night or early saturday morning. The begs for scrutiny as they are almost trying to cover it up. At any rate, they are sowing the seeds for 2010. The American people are against this bill.

George Zachary · 10 months ago

Simply put: politicians don't create jobs. Entrepreneurs do.

Glenn · 10 months ago

This stimulus package wont help most of us entrepreneurs. Why couldn't the stimulus package contain some funds for early stage startups to get funding. I blogged about it here:
http://foxgig.com/blog/2009/02/13/my-startup-is...

jason · 10 months ago

You can't solve the problem of there being too much money in circulation by putting more money in circulation. It's currency by fiat, and it isn't sustainable. This is only going to lead to hyper-inflation and economic depression.

chrishopf · 10 months ago

If you did not take time to read this bill, or watch CSPAN and observe the process . . . how could you possibly say this is a good bill and good for our country. I did, so at least my opinion is based on observation and research.

My opinion is that this bill and the method in which it has made its way to the President, is an unfortunate sign of where this President and the Majority in congress are taking our country. More government and more government debt . . . who pays the price in both cases, we the people, with less freedom and soon to be less of our income.

I am not a republican or a democrat, but bravo and well done by those Republicans that stood up and said no.

chrishopf · 10 months ago

There already are signs of a slight recovery in some sectors . . . it has nothing to do with government intervention.

Any package has the potential to spur increased confidence, but that does not mean we should accept just any package and it certainly does not mean that our government should go on a spending spree.

We need a package that builds a foundation for sustainable economic growth. There are no metrics to measure success or legitimate accountability components with real dates targeted.

This way, if it doesn't work, they can ask for more and if our economy recovers they can give credit to this bill.

If our government was a business and they came to you with the leadership team they have in place to pitch for your investment in this plan . . . would you really invest your dollars with them? Especially without a clear objective by sector per state, metrics, milestones, ROI and contingency plan.

Capitalism works if the government stays out of the way (yes, minimal regulation to set the ground rules) . . . it is not capitalism when the government steps in to rescue. Failure is a key component to capitalism and the key risk that creates accoutability.

Alex · 10 months ago

This will give us a short recovery in 2010 followed by levels of inflation that this country never would have believed possible. The money supply has been expanded to such a rate that it's deflation will so weaken the dollar that commodities will soar way beyond where they were in 2008. Unfortunately, we are leaving our children a debt of epic proportions (the "stimulus" package is but a fraction of the total bailout dollars being shoveled out).

Kurt · 10 months ago

This bill is a disgrace. There is no doubt that the economy is hurting, but government is the problem, not the solution. Obama and Pelosi ran wild with ridiculous spending and used scare tactics to try to get the American Public on board. If Obama and Pelosi felt that the economy needed an immediate stimulus bill, they should have released a few hundred billion dollars to be spent immediately and spent the next 9 months working out a rationale bill beyond that. Instead, they forced through a ridiculous spending bill - where only a small portion will be spent in 2009 - that will only saddle the next generation with debt. This is an utter disgrace.