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Wednesday, March 29, 2017

Stimulus package backward

Posted Wednesday, February 4, 2009, at 2:29 PM

Does it seem as strange to you, as it does to us, that the "closer" we get to economic stimulus packages that affect the common man, the tougher Congress gets in deciding whether or not to approve any money?

Congress rolled over and gave $850 billion to shore up the nation's financial institutions without blinking an eye -- or setting anything resembling adequate conditions on how that money could be used. They just handed it out, no questions asked, to some of the wealthiest people in the country.

And in a display of unbelievable arrogance, the companies that got that money promptly handed out $18 billion in taxpayer's money, as bonuses to the very people who ran those banks and businesses into the ground, triggering the financial crisis. That's $115 every taxpayer in the country paid for those bonuses. Which is why we support a bill currently in Congress, even if it's a little late, to cap the salaries, benefits and perks of any corporate leader who took the bailout money at $400,000.

Then, when the auto industry in America looked like it was going to fail, something that would affect up to 400,000 jobs in this country, directly or indirectly, Congress suddenly decided to slow down its largess, getting pickier and pickier about saving those jobs by putting up a comparatively paltry $25 billion.

Now, Congress is stalling, hemming and hawing, and playing the tired old politics game with an economic stimulus package that is directly aimed at the common man, the blue-collar worker and the Main Street small business. And in a shameful act, some Republicans, but a lot more Democrats in Congress, decided this would be a good bill to tack on billions in pork-barrel projects (will they never learn?).

So while middle America is desperate for some economic relief, Congress is playing politics as usual and stalling getting help to the average American (who doesn't contribute millions to their campaigns).

This entire approach to fixing the economy has been backward from the beginning. It should have begun with rebates and tax relief -- no questions asked -- to the average American first, then job creation programs to fix the country's crumbling infrastructure, and then, in the end, some highly controlled disbursements to the greedy, wealthy goons who run the nation's banks and financial institutions (some of which should have been allowed to fail).

We propped up the wrong end of the economy first, and now we're arguing about helping the people who actually need it most -- you.

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One can rest assure that if McCain had been elected, he would have had this issue and been foreced to take some sort of action. Americans will not simply let the economy fix itself. There are flaws in the system that prevent the economy from meeting equilibrium such as imperfect information, changing financial structure, and past history of action taken by governments both republican AND democrat.

-- Posted by twilcox1978 on Wed, Mar 11, 2009, at 2:16 PM

Would someone PLEASE tell me why 3 Republicans voted for this mess? If I were in congress I'd take them out back and give a whoopin' til they got their heads on straight. Or was there something deeper? Paid? blackmailed? Sheer stupidity? who knows, let's hope they Republican party in their respective states are looking for replacements the next time around.

-- Posted by mhbouncer on Sun, Feb 15, 2009, at 9:35 PM


How could I have forgot that? The money printers and folks that do not want to pay taxes are key to what makes this nation great---even better when they hold some sort of office. What was I thinking (lol of course)? What a freakin mess. The news of today is even better and Obama on TV last night was the ice in my JD. Idiots---they are all idiots. Mike I agree with your last post. With help like this where will we be at this time next year? Never mind, do not tell me...I want to remain "ignorant" for a short while longer (denial is good). We can do an intervention for me down the road. Between the DC bunch and some of our local folks, we are in some real trouble.

-- Posted by OpinionMissy on Tue, Feb 10, 2009, at 12:30 PM

It DID keep people employed Missy, Congress, the money printers, Obama and his tax dodging friends and all the high paid CEO's and the like...lol

-- Posted by mhbouncer on Mon, Feb 9, 2009, at 6:45 PM

Bush began the bail-out, unfortunately the Democrats controlled congress at the time so it had to be their way. Now they are pushing for another LARGE amount of money the country does NOT have. Just their way of saying we know what's good for the people, and we wont stop until we have controll over everything you say and do. Socialism is here folks. Dont worry though, you'll get whatever Mr. Obama, Nancy Palosi, and Harry Reid think you need. After all, they know better than you what's best for you.

-- Posted by KRKJR on Mon, Feb 9, 2009, at 2:47 PM

But Obabma keeps the money flowing and the printing press going 24/7. Did anyone watch Dateline last night regarding all of this money? There were NO rules regarding what was to be done with it and there are no rules regarding what WILL happen with it. Our elected officials thought it would make credit flow again-------is that not what got us in this spot to begin with? What good is "credit" if you cannot make the payments because you have NO job?

The trips and "bonus" bucks will continue to flow. That shiny, new car...

There was a female attorney on Date line last night that was talking about the mess and she sits on the "board" asking the questions about where the money is and what was done with it. The feds. do not have to tell her but she was "appointed" to this "board" to track the money. It was flushed away and now we will pay the price.

But never fear...Obama will save us with the next bunch of money to be sent out to these crooks. The houses that were not taken in phase I will be taken in phase II. It keeps us "poor" and at the mercy of those that govern us. That is how they want it. No money for college loans, etc. We live in Russia/Cuba and forgot the trip. We have arrived. Thank you to our elected/appointed officials. Way to represent the people. 600,000 jobs lost last month---I thought the money was supposed to keep people EMPLOYED?!?!?!

So, you think the plan is wrong now? When did you figure that out?

-- Posted by OpinionMissy on Mon, Feb 9, 2009, at 10:30 AM

"Bush began the bail-outs,..."

Sounds just like my 8 and 5 year old fighting....GROW UP Jerknife...find an original opinion..an original thought then come back and we can have as near an intelligent discussion as we can with you.

-- Posted by mhbouncer on Mon, Feb 9, 2009, at 10:06 AM

It's more of that "free" money Jack always talks about. You know..the money to give every American free everything. Regardless of whose to blame the money needs to stop NOW.

-- Posted by mhbouncer on Sun, Feb 8, 2009, at 8:47 PM

Bush began the bail-outs,...

-- Posted by Jacknife on Sun, Feb 8, 2009, at 12:55 AM

"Change we can believe in" again and again. The person who promises to save us all cannot even keep the "goons" out of the money. Here is an idea---NO MORE MONEY TO ANY OF THEM. If you cannot be in business and make money, you are done just like us little people. How does a hand out help things any when these CEO's have their heads up their own butts? Stupid is as stupid does and we continue to feed them FREE money. Yep, change we can believe in.

-- Posted by OpinionMissy on Fri, Feb 6, 2009, at 9:47 AM

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