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Senate passed economic stimulus bill - Page 3

post #61 of 85
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Turning this over to Pelosi was the worst thing he could have done
Pelosi shouldn't be allowed to touch anything. She's still trying to fit the square peg through the round hole.
post #62 of 85
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Originally Posted by PookieBoy View Post
I would venture to guess that increments of $13 will be viewed as 'pfffft', followed by an by 52% of the population. [And yeah, I just 'made up' the 52% part ] That $13 will do Nothing to stimulate people to go out and spend. Don't you know there is a palpable fear, nationwide, that people may be losing their jobs, at ANY moment? If anything, I would guess most folks will just save it. I know I Will. Nope, no $7 cups of coffee at Starbucks or $6 icecream cones at Cold Stone Creamery, for me!

And NO, you may not have my $13 'cause it's going directly to my piggy bank.......so there!
Well, I'm going to take mine and buy that new camera I've been salivating over. And, I'll have $275 left over my my piggy bank!
post #63 of 85
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Originally Posted by mschauer View Post
Well, I'm going to take mine and buy that new camera I've been salivating over. And, I'll have $275 left over my my piggy bank!
OK, but you're going to have to put that $13/week into savings for almost 8 months before you can buy that camera you want (and by then the new models with cooler features will be out for more money). Most likely, if you really wanted to, you could probably save $13/week right now without the "tax cut". And if you're saving the $13/week, then you're not stimulating the economy for almost 8 months, which defeats the purpose of including such a small weekly/paycheck for paycheck amount in a so-called-stimulus bill.
post #64 of 85
Here's an article that I really enjoyed. It's from Newsweek and authored by Jonathan Alter and titled, "The Stimulus That Didn't Stir":

http://www.newsweek.com/id/182535
post #65 of 85
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Originally Posted by valanhb View Post
OK, but you're going to have to put that $13/week into savings for almost 8 months before you can buy that camera you want (and by then the new models with cooler features will be out for more money). Most likely, if you really wanted to, you could probably save $13/week right now without the "tax cut". And if you're saving the $13/week, then you're not stimulating the economy for almost 8 months, which defeats the purpose of including such a small weekly/paycheck for paycheck amount in a so-called-stimulus bill.
No, no no! I am AM still a true blue American! I'll put it on my credit card and make monthly payments with the $52 a month from the stimulus plan. Course I won't have quite $275 for my piggy bank afterwards cuz of the interest, but I consider it my patriotic duty to use my credit cards!
post #66 of 85
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Originally Posted by mschauer View Post
No, no no! I am AM still a true blue American! I'll put it on my credit card and make monthly payments with the $52 a month from the stimulus plan. Course I won't have quite $275 for my piggy bank afterwards cuz of the interest, but I consider it my patriotic duty to use my credit cards!

Uh-oh. Do I have it backwards? I paid off a loan and two credit cards so I would have more money to save and spend. I prefer cash now- cold, hard cash.
post #67 of 85
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Originally Posted by Essayons89 View Post
Uh-oh. Do I have it backwards? I paid off a loan and two credit cards so I would have more money to save and spend. I prefer cash now- cold, hard cash.
?? Yeah, some people, myself included do exactly that. My post was to illustrate how what has been characterized as a "measly" sum of money ($13/week) might serve to stimulate the economy now. As is well known, the average American is not very good at saving. As a group, we are far better at spending.

It has been in the news recently that the economic downturn has spurred an increase in savings. It may well be that more of that $13 ends up being saved than spent in the short term. I don't really know.

BTW - I've purposely avoided posting much of anything with regards to the stimulus plan because I don't feel remotely qualified to offer an opinion on it. I've pretty much been totally convinced by whatever "expert" I listened to last. I don't have a clue which side is right.
post #68 of 85
I understand what you are saying.

I did a bad job of letting you know I was trying to be funny.
post #69 of 85
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Originally Posted by Essayons89 View Post
I understand what you are saying.

I did a bad job of letting you know I was trying to be funny.
Oh! OK!

Sarcasm and humor aren't always easy to differentiate in the written word!
post #70 of 85
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Originally Posted by jcat View Post

Who's "we"?
Americans.
post #71 of 85
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Originally Posted by neetanddave View Post
For those of you who seem to get a chuckle out of the "upper class" complaining, don't be surprised when you suddenly find your standard of living affected for the worse, while you didn't even realize you were "upper class."
It's just me and the cats. I make money I don't spend now I could actually stand a whole lot of "affect" before it causes any real concern. And thanks to NAFTA, we are shipping seven 53' trucks of product a day to Mexico. Our bid'ness is booming
post #72 of 85
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Originally Posted by Skippymjp View Post
It's just me and the cats. I make money I don't spend now I could actually stand a whole lot of "affect" before it causes any real concern. And thanks to NAFTA, we are shipping seven 53' trucks of product a day to Mexico. Our bid'ness is booming
Some of our trucker clients have gone back to long haul, taking shipments up to Canada, too. Musn't shun our border-neighbors - they pay in US $$!
post #73 of 85
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Originally Posted by catsknowme View Post
Some of our trucker clients have gone back to long haul, taking shipments up to Canada, too. Musn't shun our border-neighbors - they pay in US $$!
In our case, it was just being proactive. When NAFTA went into effect, there were people and businesses all over ranting and complaining. We, however, already had marketing and sales people as far south as Peru and all points in between. The old "when life hands you lemons..." approach.
post #74 of 85
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Originally Posted by KTLynn View Post
The Dems could do this if they'd get rid of the $355 million earmarked for STD education, or the $200 million earmarked to monitor volcanoes and earthquakes, or the $275 million going for new computers at the State Department, etc. These earmarks are just the beginning. ........

How do those earmarks create jobs and/or stimulate our economy? Do you really think that any of those things is justifiable under the circumstances?

This should not be just another "spending" bill.
..... Okay, for the printers of STD brochures; for the computer companies making the sales, for the geophysicists employed by the USGS, for the software companies & ITs, this IS creating/keeping jobs...and guess what....with those wages, those people will in turn SPEND, they will buy things for the family, etc....and captialism will be working.. And, even better, those jobs will be HERE; those products made overseas will give MONEY to their employees who will buy AMERICAN produce.
....Not to mention, isn't protection of our citizens worth something?? Volcano monitoring is important - they can and do happen
..or is prevention of loss and protection of life not important
post #75 of 85
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Originally Posted by catsknowme View Post
..... Okay, for the printers of STD brochures; for the computer companies making the sales, for the geophysicists employed by the USGS, for the software companies & ITs, this IS creating/keeping jobs...and guess what....with those wages, those people will in turn SPEND, they will buy things for the family, etc....and captialism will be working.. And, even better, those jobs will be HERE; those products made overseas will give MONEY to their employees who will buy AMERICAN produce.
....Not to mention, isn't protection of our citizens worth something?? Volcano monitoring is important - they can and do happen
..or is prevention of loss and protection of life not important
And when the printing is done?

And does anyone really think that the unemployed now are going to be the geophysicists of next month?
post #76 of 85
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Originally Posted by neetanddave View Post
I really don't like the implications of what this guy reveals.

http://www.youtube.com/watch?v=_NMu1...layer_embedded

Remember all the talk about a "manufactured crisis" from Biden? Rahm Emmanuel saying "never let a good crisis go to waste?"

It explains the urgency behind GWB's actions. I take back what I said about him over-reacting back then.
Interesting update on this. That Thursday wasn't the 15th. It was the 11th. 7th anniversary of 9-11, and the financial system is manipulated.
post #77 of 85
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Originally Posted by KTLynn View Post
The Dems could do this if they'd get rid of the $355 million earmarked for STD education, or the $200 million earmarked to monitor volcanoes and earthquakes,
Do you like having gas in your car? Do you find precious metals, coal, and even water useful? I know I do. A great number of students are employed in seismic studies, and a good number of them will go on to work for oil companies.

post #78 of 85
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Originally Posted by Going Nova View Post
Do you like having gas in your car? Do you find precious metals, coal, and even water useful? I know I do. A great number of students are employed in seismic studies, and a good number of them will go on to work for oil companies.

And is there some reason private industry won't continue to hire these people as they have in the past? This stimulus bill won't be giving money to the oil company to hire anyone. It just adds to the number of government jobs "in the name of research" (which is already being done) which cost us taxpayers in the long run.

And oil and gas isn't a really good example, seeing as the whole bill is written to take away from those products, right? Why do we need seismologists if we're gonna be using sail cars?
post #79 of 85
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Originally Posted by neetanddave View Post
Why do we need seismologists if we're gonna be using sail cars?
The moving parts are still going to need to be lubricated with something, and bio-lubes just don't hold up that well, and they don't like cold weather at all.
post #80 of 85
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Originally Posted by neetanddave View Post
And is there some reason private industry won't continue to hire these people as they have in the past? This stimulus bill won't be giving money to the oil company to hire anyone. It just adds to the number of government jobs "in the name of research" (which is already being done) which cost us taxpayers in the long run.

And oil and gas isn't a really good example, seeing as the whole bill is written to take away from those products, right? Why do we need seismologists if we're gonna be using sail cars?
Quote:
Originally Posted by Skippymjp View Post
The moving parts are still going to need to be lubricated with something, and bio-lubes just don't hold up that well, and they don't like cold weather at all.
Of course private industry will hire people, but a lot of the "research" funding goes to education, which prepares people for careers in private industry. It's difficult to become a scientist without an education in science... I wouldn't want an engineer who had never worked on any projects jump right into designing buildings, highways, or aircraft. The same goes for scientists.
post #81 of 85
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Originally Posted by catsknowme View Post
..... Okay, for the printers of STD brochures; for the computer companies making the sales, for the geophysicists employed by the USGS, for the software companies & ITs, this IS creating/keeping jobs...and guess what....with those wages, those people will in turn SPEND, they will buy things for the family, etc....and captialism will be working.. And, even better, those jobs will be HERE; those products made overseas will give MONEY to their employees who will buy AMERICAN produce.
....Not to mention, isn't protection of our citizens worth something?? Volcano monitoring is important - they can and do happen
..or is prevention of loss and protection of life not important
WELL, there you go..........making sense, AGAIN. I mean, whatta we gonna do with you? Hmmmmm....I know:

post #82 of 85
It appears that the President is already anticipating partisan sabotage of the stimulus through purposefully reckless and inappropriate spending by it's "detractors"...who, curiously, after refusing to back the bill, are more than willing to take the money. Probably just so they can throw it away (or hide it away) and then cry with "I told you so!"

And, I'll bet that California's Republican Governor was less than happy about several mayors using him, his budget woes and his state as an example on "how not to use the money".

http://www.chicagotribune.com/news/n...,4764964.story
post #83 of 85
Those far left whacko's in California fight Arnold's proposed budget cuts ever step of the way. Their social programs for every Tom, Dick and Harry and has made that state a mess. But it is Arnolds fault I'm sure.
post #84 of 85
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Originally Posted by ckblv View Post
Those far left whacko's in California fight Arnold's proposed budget cuts ever step of the way. Their social programs for every Tom, Dick and Harry and has made that state a mess. But it is Arnolds fault I'm sure.
To be honest, I believe they could freeze every government function in the state, bring in an army of auditors and start sifting through the stuff, and never, ever find anyone to blame. California has as much government as any other 3 states combined, and not one of them seems to know what anyone else is doing
post #85 of 85
Well, to be fair, California has a huge economy, larger than the vast majority of countries in the world, and yet it can't really run a deficit (since it can't print money).

If you took apart any state's budget, I'll bet you'd find a serious level of mis-spending.
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