In all honesty this breaks my heart ...

[_CY_]

well... you'd be waiting for a long time, as I never claimed to have an explanation. the only thing I did claim was due to technical nature of economics... most folks (like you & sometimes me) are not willing to spend the time to read all the boring ass stuff necessary to actually have a clue.

if you bother to read my other comments... with the benefit of hindsight ... it's easy to see, initial bailout was very much needed to prevent a total collapse. with most of the stimulus artificially propping up industries that needed to fall.

I've got stimulus fatigue just like everyone else.

I'm still waiting for YOUR explanation.

Do you REALLY believe the "stimulus" package or bail outs fixed anything??

I believe it simply put off the inevitable and, someday, we WILL have to pay the price.

The Government can't keep spending money it doesn't have.

There are only 2 ways to pay off the deficit, stop spending like a drunken sailor &/or raise taxes. I don't know about you, but I'm about taxed to death as it is!

 

[dennishoddy]

This is how the stimulus works:

It is a slow day in the small Saskatchewan
town of DYSART, and streets are deserted. Times are tough, everybody is in debt, and everybody is living on credit.

A tourist visiting the area drives through town, stops at the motel, and lays
a $100 bill on the desk saying he wants to inspect the rooms upstairs to pick one for the night.

As soon as he walks upstairs, the
motel owner grabs the bill and runs next door to pay his debt to the butcher.

The butcher takes the $100 and runs down the street to retire his debt to the pig farmer.

The pig farmer takes the $100 and heads off to pay his bill to his supplier,
the Co-op.

The guy at the Co-op takes the
$100 and runs to pay his debt to the local prostitute, who has also been facing hard times and has had to offer her "services" on credit.
The hooker rushes to the hotel
and pays off her room bill with the hotel owner.

The hotel proprietor then places the $100 back on the counter so the traveler will not suspect anything.

At that moment the traveler comes down the stairs, states that the rooms are not satisfactory, picks up the $100 bill and leaves.

No one produced anything. No one earned anything... However, the whole town is now out of debt and now looks to the future with a lot more optimism.

And that, ladies and gentlemen, is how a Stimulus package works.

 

[Hobbes]

If they cut taxes MOST people won't spend it; They will SAVE it.
Thats a good thing IMO but it won't stimulate the economy.


The economy has been stimulated enough over the last decade or two.

Enough loose credit.
Enough housing boom.
Enough DotDom stocks.

ENOUGH


The Roaring Twenties led to the Depression Thirties like a drinking binge leads to a hangover.
It's gonna take a few years to sleep off THIS hangover.

Despite that, the bartenders, and especially the bar owners, want the party to go on, and on.

Free Drinks on the House Everybody

 

[sigsilly]

.... but over half of the stimulus $$ in OK is going to fund the Workforce Investment Act. It pays for vocational training.

It's wasted. The Careertechs are selling courses like Bankteller Training, Convenience Store Clerk, etc, all funded by the WIA.

 

[Hobbes]

It's wasted. The Careertechs are selling courses like Bankteller Training, Convenience Store Clerk, etc, all funded by the WIA.

That's made up BS

They all have their courses listed online; Show me those courses listed.

 

[Hobbes]

The HOT programs in career tech these days are mostly in the medical field.

Sonography - Waiting List
Surgical Tech -Waiting List
Dental Tech - Waiting List
Medical Assisting -Waiting List
Practical Nursing - Waiting List


Get the 1st year in a career tech that transfers to a junior college and you end up with an Associates degree at half the cost.

 

[LtCCMPUnit42]

I vote, and you?

Yes Sir, I do vote, I DID NOT vote for Obama. I'm also not going to depend on him to take care of me and mine, and I'm afraid that anyone that does will be greatly disapointed.

 

[LtCCMPUnit42]

This is how the stimulus works:

It is a slow day in the small Saskatchewan
town of DYSART, and streets are deserted. Times are tough, everybody is in debt, and everybody is living on credit.

A tourist visiting the area drives through town, stops at the motel, and lays
a $100 bill on the desk saying he wants to inspect the rooms upstairs to pick one for the night.

As soon as he walks upstairs, the
motel owner grabs the bill and runs next door to pay his debt to the butcher.

The butcher takes the $100 and runs down the street to retire his debt to the pig farmer.

The pig farmer takes the $100 and heads off to pay his bill to his supplier,
the Co-op.

The guy at the Co-op takes the
$100 and runs to pay his debt to the local prostitute, who has also been facing hard times and has had to offer her "services" on credit.
The hooker rushes to the hotel
and pays off her room bill with the hotel owner.

The hotel proprietor then places the $100 back on the counter so the traveler will not suspect anything.

At that moment the traveler comes down the stairs, states that the rooms are not satisfactory, picks up the $100 bill and leaves.

No one produced anything. No one earned anything... However, the whole town is now out of debt and now looks to the future with a lot more optimism.

And that, ladies and gentlemen, is how a Stimulus package works.

With your permission, I'd like to print this off and put it on the bulletin board at the Sheriff's Office.

 

[Buzzgun]

well... you'd be waiting for a long time, as I never claimed to have an explanation. the only thing I did claim was due to technical nature of economics... most folks (like you & sometimes me) are not willing to spend the time to read all the boring ass stuff necessary to actually have a clue.

if you bother to read my other comments... with the benefit of hindsight ... it's easy to see, initial bailout was very much needed to prevent a total collapse. with most of the stimulus artificially propping up industries that needed to fall.

I've got stimulus fatigue just like everyone else.

Well, you are the one who suggested I was ignorant on the matter, figured you must be an expert if you know enough to tell me I don't have a clue?? Now, you say you don't have an explanation, so, how do you know I'm wrong if you don't have the answer??

It's your contention that "initial bailout was very much needed to prevent a total collapse" that I call into question. I haven't seen any proof that there would have been a total collapse without the bailout?? I have heard some say that, but I have heard just the opposite from others.

I'm not sure that the nature of economic is as technical as some want us to believe. I believe much of it is like lawyer talk, purposely obtuse to confuse the masses and insure the need for their services!

 

[Rajder]

I'm no fan of BHO at all. But yeah, that was kind of hard to watch. I'd like to think it will make him rethink the economy, start cutting the budget in a meaningful way, cut taxes and let WE THE PEOPLE keep more of our money so WE can stimulate the economy. It's the only thing that EVER works.

Didn't we just have 8 years of cutting taxes, deregulating business, and not enforcing EPA regulations and where did that get us? I used to believe that same thing but when we applied all of those concepts for an 8 year period and got nothing but a declining economy and the worst recession since the great depression I don't know what to think anymore. The only thing that I know is the Democrats want to give all our money to the poor and the Republicans want to give our money to the rich and as usual us in the middle class are stuck holding the check.

Pretty much every study done shows that if we give people more money they are just going to save it and not spend it. Businesses have a ton of money but aren't willing to spend it, banks have money but aren't willing to lend it, and consumers are just trying to save their money. I'm not sure exactly how to fix the economy but I am sure that is going to be quite a while until it is fixed.