Obama’s Stimulus Package: How Big? Schumer Floats $500-700B

How does printing more money STOP inflation??? Jimmy Carter II strikes again… We are in the toilet now!!!

It’ll be $1 trillion by inauguration day. Now that’s change we can believe in! Hyperinflation here we come…

I would rather see the money go to a ghetto rat here rather than Bush and Cheney sending it to Iraq and let those people that hate us spend it. Bush, your so called conserative has destroyed our economy and way of life, so get over it and let Obama fix the mess.

One reader writes that we are going to be in the toilet again. I have news for you, Bush has had us in the toilet for years and looks as if he wants to flush it before he leaves office. My only question…..how much more damage can he do in the next few weeks???? It is amazing how a few can fault Obama and the Democrats when the largest percentage of the world’s population including the United States thinks the world will be better off.

The government caused this problem by borrowing and spending money it did not have for the past 30 years. Our economy was not thriving, it was living on borrowed money in a false rosy picture. Now it all caught up and how does Obama propose to get out of this? Spend more and borrow more? This is like giving a drunk whiskey to cure his alcoholism. This is insane. The private sector needs to invest, create jobs, and we need to get the government out of business’ way. The government doesn’t make anything, and is the most inefficient organization ever conceived. Obama is a lawyer and knows nothing so you can’t blame him. The American public elected an unqualified individual and now we are all going to pay.

“send each WORKING or RETIRED american a check and we will stimulate the economy pronto.
Posted by: stella | Nov 23, 2008 10:10:22 AM
”
What do you think the “tax-cuts” go to????

Someone tell me how borrowing more money from our children’s future is going to help them. This sounds very similar to the outrageous Paulson bailout. We need to see the plan BEFORE any more money is appropriated. This is robbery people!!! We need to offer immediate tax incentives for private industry to create jobs at home NOW! STOP THE BAILOUT MADNESS!!!

Why was Onama ABC’s choice? Both are afraid to offend the New World Order and neither puts the U.S. first. Check it out at http://www.snopes.com/rumors/noflags.asp

In regards to the next proposed Stimulus Package. Also, with much respect to Mr. Barack Obama, President Elect. It seems to me it would make more sense to give the money directly to the homeowners in foreclosure due to the Mortgage Crisis and lose of their job. The government/President Bush has already given money to the mortgage companies, and they continue to foreclose on homes. It just makes sense to give each homeowner between $250,000-100,000,000.00 and request proof that their mortgage has be paid in full. This would immediately stop the downward foreclosure rate. It never made good sense to me Bailout the vary people to started the situation in the first place, with a foundation of ‘Grede’! I worked in the mortgage industry for 14 yrs and I speak from experience. As the news showed last nite a Countrywide Loan Officer was jailed for murder of two of his clients. A fraud for forging two checks for two different clients. He made promises he was not able to keep. Most loan officers are driven by the company they work for, as I said earlier I speak from experience. Also, companies are using monies to buy other companies not to make loans. Everyone continues to say the Mortgage Industry started the problem. Well think why not consider something simple; impower the people caught in the situation. The lenders will NOT hault the foreclosure, so if the money amounts I mentioned is given to each homeowner in foreclosure to allow the homeowner to payoff their mortgage, automatically the economy will be stinulated and people would feel free to shop, purchase power etc. I can not beleive the government gave money to the Mortgage Industry and expected the foreclosure rate to decline and/or stop. My lender is Countrywide the same that is all over the news, the internet, and 60 minutes for fraud, redlining, wrongful foreclosure etc. My loan was purchased by Countrywide before the first payment was due! I worked in the Mortgage Industry and lost my job one month after I moved into my home. To date Countrywide is trying to foreclose on my home. I know some of the govenment money went to Countrywide and still no help for the middle/little people. This is the United States of America and because of Grede, we are being forced to be homeless. The govenment granted the money to the wrong people. It should have and should go to those of us that are losing are homes for the same grede.
The gvoenment Stimulus Package needs to be of the nature to help solve the probloem. Paying off the mortgages of those of us caught in the middle, can and will only stop the foreclosure rate and give the mortgages companies revenue for loans, and stimulate the economy at the same time! It would be an instant automatic fix to each states foreclosure issues.

Infrastructures are needed. To those who say the “The government is the problem and never the answer”, I just want ask: who do you think should build the roads, the bridges, everything you use to go to work?
Or maybe you can fly and don’t use this kind of infrastructure…

Just listen to all the brain dead republican morons criticizing Obama’s recovery plan. These are the same rotted garbage that cheered as Bush mortgaged the future to fund his private war in Iraq. The reign of Bush started with a huge surplus and it was only under his direction that we’ve come to our economic crisis. Iraq war, ownership society…borrow, borrow, borrow until the hole is so deep that the way out is virtually lost. Obama’s plan involves economic growth into existing and new industries, but the idiots in this comment thread are too fat and stupid to see the potential. And to you “bo”, ESAD.

John Burke, Pbama already has plans to give more borrowed US tax dollars to Muslims countries than we already give these countries in foreign aid. So what do you think of that? I suppose you voted for this fraud, Obama who is not eligible to be President because he is not a “natural born citizen” of the US as per Article II of the constitution. And Bush haters called Bush the Great Pretender. Now you actually voted a real one in.

Here comes the WPA of FDR “fame” again, and with it an even bigger & more costly government. Instead of the gov’t hiring all the 2.5 million who lost their job, why not not award contracts to private contractors to rebuild the roads & bridges, with a stipulation that they must have a certain percentage of their emplyees hired from that pool of recently unemployed. Private industry has ALWAYS performed better than gov’t to do these things, more efficiently, quicker, less costly, and with a superior finished product in the end. This would creates jobs and repair the infrastructure.

John Burke wrote: “I would rather see the money go to a ghetto rat here rather than Bush and Cheney sending it to Iraq and let those people that hate us spend it. Bush, your so called conserative has destroyed our economy and way of life, so get over it and let Obama fix the mess.”
Guess again, John Burke. A big reason our economy is in such a mess is the DEMOCRATS, starting back in Lyndon Johnson days. The Democrats helped set up Fannie Mae/Freddie Mac, and it was Democratic Presidents Carter and Clinton who pushed giving mortgage loans to people who can’t afford them. It was the Democrats who ignored warnings by others that the mortgage practices they preached would have far-reaching impacts on the economy. It was the Democrats who blocked repeated attempts by Republicans to turn things around. There was an excellent article in the “Investor’s Business Daily” newspaper, dated Nov. 3rd, I think it was, which spells out the timeline and actions taken by the Democrats that got us into the mess we’re in today.
Stop blaming Bush. It was the Democrats who got us here, and the Democrats sure as heck aren’t going to get us out. That will happen in 2012 when the Republicans are put back in power again.

This will be a slap and tickle approach. First we give a tremendous amount of money to people that don’t deserve it, then we will come back and say we need to raise taxes on everyone else. Hey Buddy, wanna buy a carbon credit?

bo wrote: “The dems are spending borrowed money again..”
Again? Is that an attempt at a sick joke? Dubya is responsible for 50% of our national debt and Reagan 30%. Where were your complaints while they ran up huge deficits for the benefits of the rich and with trickle-down theories Dubya’s own father named “Voodoo economics”?

2.5million jobs times 100,000 per job if you factor in benefits would be $250 billion- a lot of money plus now a stimulus package of $500-750 billion you’re talking about another $1 trillion in deficit. Wow- it’s beginning to sound like how Bush got the country back on its’ feet after the tech bubble, 9/11, housing crisis etc. Imagine that. That is real change. It may also have been just how McCain would have done it.

Does anyone want to make a bet? I predict that in the near future the U S government will buy a great number of foreclosed vacant (now run down) houses at basement prices or no prices . Then this houses will be bulldozed to get them off the market- presto! now a shortage of houses- thus increasing jobs in the construction and home furnishing industries. Crazy, you say. Start with the 1946 spud surplus. U S government bought mountains of spuds and dumped them to be destroyed. Excess cheese and butter and other products went down a similar path.

I want to know why Schumer and every other member of the senate banking committee is still there at all. In my opinion, we should demand their resignations along with members of the finance committee. Have you noticed noone is taking responsibility for this mess? That is becausae they are in both parties so noone can bring it up. The public should scream so loudly about this that these morons will be forced to resign.

Schumer is a joke. He ‘thinks’……….????? He isn’t getting paid to THINK. He loves the limelight and that’s what he does best, making sure his face is on camera.
Silence this clown.

CMH: Bingo! But try and tell the folks that are standing in line with their hand out….they’ll give you free cheese…from china with love. The same stuff that killed babies.
Dear folks, We all hope Obama is the Messiah. Dear folks, he’s proved already he is in bed with the same devils of George Bush. You’ll have plenty of money. You’ll all be billioniars. It will cost 200,000. for a cup of coffee. Study pre WWII Germany. This spike in money creation that Obama is supporting is what will cause it.

When did it start making sense to ‘stimulate’ the economy rather than let the market dictate winners and losers? In capitalism we are not ‘one big human family’, instead we are our own families and it is a competition to succeed. Many immigrants come to America and are millionaires within one generation. Handouts are not logical and only breed a type of laziness that is reserved for a lower middle class expectation. The brass ring of success is personal and comes from within and from expectations that your parents established for you or that you personally create. The government cannot ‘stimulate’ that drive to succeed.

With respect to Herb Grays Comment. It seems to me Mr. Gray you have ‘blinders’ on….President Bush is a Republicican. I really want to know when if ever we…the public will call them as there are not as we want the situation to be! Bush has been in the office the past eight years and look where the country is now, the worst crisis since the stock market crash of 1929. Like it or not REPUBLIC POLITICS GOT US HERE! Your comment as well as the typical for this country is to ignore what the govenment is and has done…..continue to think your way, instead of holding the Govenment and the Politicians accountable; we will all be homeless and on the street. I really don’t care if Mr. Bush is a Republican or a Democrate. With all due respect to Mr. President Elect, I also don’t really care if he’s a Republican or a Democrate either! Just Fix the Mess! I worked in mortgage for fourteen years, lost my job of eight years about one month after closing on my home. Now foreclosure is possible, struggling to keep my car for work when new work opens up, barely able to eat. Living on just electricity, no heat and I am a two time Breast Cancer Survivor and still I have some major health issues along with the aforementioned struggles. It is time WE stop turning a blind eye; this situation is generally from concessions made during a campaign. Once again who really cares; we just need the situation FIXED! Additionally, its time to stop blamming the Democrates when its has been proven each time there’s a situation its the Republicans that causes the matter! Once again, do you really want to continue to be ‘stuck on stupid’ conversing about which party caused the crisis, instead of who can and will fix the issue! I don’t care who it is just fix it; I would have voted for the love of my life my dog Budd and his brother my 18 lb. Cat if I knew they would fix the matter.
President Elect Obama is an intelligent man and I think he will give the country a fighting chance to recover. But come on people when will we WAKE UP; stop focusing on blaming one party for another has done! We need to focus on who can, who will, fix it and if hold them accountable! And for God sake when will we as a country and a people tell to the government/politicans to stop taxing paychecks! The Bandaid effect is a temporary measure! If every American took home the gross there’s another measure to enhance the economy. Tax what were purchase, which is already being done, so stop taxing paychecks. The money only goes to wars most of us don’t want anyway. Or the policians mishandle the funds. The obvious change set the country back on the right track if we just WAKE UP! The United States of America, the greatest country in the World; yet we continue to utilize a ‘Blind’ eye; when we should hold the government/politics accountable. Stop bying the ‘oakkidoc’

I personally don’t like this plan, but many of the economists I talk to think that the danger for the economy is _deflation_, not inflation (at least in the short term). I think this will probably not help much, and will be wasteful, but will ultimately not have any impact on short term inflation.

Re: Mystified! I meant no disrespect to the ones that are currently paying their mortgage payments. I only mean to focus on that, since its what is being credited for the start of the crisis. Actually, if the dollar amount is given to every tax paying American we can stimulate the economy. I truly mean NO disrespect to the ones doing the right thing. However, let me as this comment also, I purchased my home on employment of seven years with the same company, two months after the purchase a conference call from our headquarters announcing closure of the entire Wholesale Division. Now I’m on unemployment which in no way will permit to make my mortgage payment. Its a struggle to maintain my car payment, lights and water; no heat I can’t afford that luxury. This in conjunction with the fact that I am a two time Breast Cancer Survivor, the first time I was stage 3, next stage is usually death. Second time a reoccurance. Additionally, serveral other medical issues to add to and guess what, Mystified I was doing the right thing too! My first cancer I missed work for two weeks after my right breast mastecomy, went back to 80 hours a week at the bank. I did chem in cyces and missed 1-2 days after treatment and back to 80 hours. Blood draws on my lunch break. Second time, I missed exactly 5 days and back to work, did my herceptin treatment on half days every other week, back to work on the following Monday. I think I have been doing the right thing too! I am not crying ‘whooo is me’ I’m just saying! If the money is given to each American to pay what we owe; this would Stimulate the Economy Immediately! And Stop taxing paychecks allow every American to take home the Gross.
Also, one word to The_Mick; AMEN!

It is amazing how Republicans can be okay with throwing away billions on a wild goose chase in Iraq and yet be so opposed to helping Americans and the country get back on its feet.

Open the flood gates!

“Bush signs $286.4 billion highway bill” – Aug. 10, 2005.
This shlt never works. When will you FDR idiots learn?

the smartest commets on this page is the ones talking about giving the money to the working people not banks,insurance co people that could use the money, spend it on mortgage loans, car loans, workers 55 and older could retire and would creating more job openings more tax dollars for city gov from sales tax

please! – Don’t eeeeeven attempt to put this problem on Obama. Your guy and Republican trickle down, no regulation for corporate America is what allowed our country to be fleeced by crooks and now the Dems need to fix it. So sit back, shut up and enjoy the return to a prosperous respected America that’s coming your way.

Sure…first save Wall St. and then THEY will save Main St, right?
Well, we’re about to find out just how badly the conservatives, both Dems and Reps have destroyed the ‘social safety net’ of the 60′s and 70′s. 10% unemployment calls for millions of ‘welfare moms’…remember them? And anything President Obama does to try to reconstruct the governments ability to help these people will be construed by the Republicans as SOCIALISM. Can’t wait to here these ‘America First’ crowd denigrate the white middle class as ‘welfare queens’ looking for handouts! The Republican who can galvanize this position the best will qualify as the Republican ‘leader’. It’s all about marketing and sales. The only way out of this trap is for Obama to keep his campaign oiffices open and convert them to food pantries!

To Mystified: I am not feeling well today, but could not lie down without sending you further comments. It’s important to me, to say this, those of us; the majority in foreclosure are not there because WE did not do the right thing! I am single in addition to the Cancer I mentioned. My income was more than enough to meet my financial needs, however $320.00 a week unemployment is not; its a joke! I am greatful for it but its not enough to pay rent let alone a mortgage and car payment! Those of us out of work due to company closing and in foreclosure my in lieu job lose, I beleive were doing the right thing too! Ask yourself if you and/or your husband lost you incomesw tommorrow how long will your saving maintain your mortgage. Mine managed for exactly three months. Lenders don’t care if you lost you job, not quit, but lost it because the same companies based on grede closed down. I am not begging, nor whoo is me, but those of caught in the middle don’t have any options! I am glad you’re Blessed to be able to still meet your obligations, but ask yourself without employment how long can you maintain? I never dreamed I would be in this position and I had the funds to maintain, or so I thought! When your funds are going out and nothing coming in it does not take long to find yourself in trouble! If you doubt this, then I hope your Mortgage Lender is not the worst one out there; Countrywide Home Loans. Countrywide does not intertain the concept of working with the borrower to kept their home. Also, any loan underwriter is guaranteed by either Fannie Mae, Freddie Mac or Genie Mae so the Lender will get their money after foreclosure. You, I and the Public get vacant, vandalized homes that only hurt the economy and the neighbor hoods. Thus, my earlier comments are meant to point out the obvious; give the next stimulus package to the people; you, me the people. Not just a Bandade. (my spelling is off a little). I’m a good, hard working person caught up right in the middle of all of this! I hope you don’t have to end up being a part of this crisis in the same manner that I am! Please, I just want you to know that most of us caught up in possible foreclosure are not there for lack of doing the right thing! Even when I was sick I still worked, and guess what after my company closed down, we got an email the first paragraph announced a new high pay executive, yet we lost of employment. And those same companies got the 7 trillion dollar bailout! Question: Who can do more to stimulate the economy; the companies that started the mess or you and I the People; the Public?

Not hearing it……sorry if calling people that sit on their a$$es waiting on their welfare checks, ghetto rats, offends you. It is not racist, merely a fact. They are a drain on our society. They have as much or better opportunity to get an education(free) and better themselves, but alas, most would rather perpetuate the welfare status quo than work. You and I both know it is true.

It was Schumer, Chairman of the Joint Finance Committee, and receiving 25% of his campaign funding from the financial industry (see USA Today, September 25, 2008) that helped us taxpayers get in this problemm. How much was Schumer encourage by the financial industry’s lobbyists to promote this. Answer – A LOT

In late January 2009, the US DoD will get a huge shock as the new Executive and Legistative Branches take away about 1/3 of the DoD’s future funding. All the other departments are interests of the liberals. Adjust pre-911 defense spending for inflation, remove the difference between then and now, and that is how Obama will fund his vision.

Whatever happened to independence and self-reliance? Why do we need the government to bail us out? Let the free market take care of it. Another thing: our government should remove tariffs on imported products and tax companies who export our jobs overseas. Global competition is good, but not at the expense of our jobs.

The bailout to the banks was necessary since they are the ones that provide credit to the rest of the country. Without credit this country doesn’t move. Job creation is more efficient, longer lasting and less costly if the private sector does it. If the Fed creates the jobs and owns them they are prone to much higher costs and abuse. So how to get the private sector to create jobs? Well you could spur research into better energy generation, or provide funding for road, bridge construction. Back in FDRs day, the Fed actually created the jobs through the WPA, CCC. They were make work jobs some of which provided some great roads and parks. If Obama is talking about getting the private sector create jobs, fine. If he wants the Fed govt to employee them, that is not good. If he ties the jobs to only unions that is also more costly. Is the aim to employee more people or to employ more union people? If union people than each dollar spent will be for fewer numbers of people. Of course if higher taxes will pay for this almost $1 trillion in expenditures than how far down the income scale will higher taxes be needed. Prior to election Obama touted income ranging from above 75k to 250k would get hit with more taxes. The 75k number was during a business week interview in April but everyone forgot about that. But his tact of spending to get out of a crisis is the same as Bush did after 9/11, tech bubble, housing crisis,hurricanes, floods and wildfires. And both Bush and Obama have not or are not talking about other cuts in the Federal government. Tell me there is no waste in the current Federal government that cannot be cut and I’ve got a bridge for you to buy.
Since the general public never reads the 2 foot sized budget coming out of DC, we need a simple website that states amount of percentage of where our taxes go. Categorize them as defefense, infrastructure, Social Sec, medicare, etc. This will at least give people an idea from year to year where the money is going. If anyone knows of such a site, let us know.

This isn’t so much about fixing the economy as it is about buying votes, first and foremost. That’s why they’re pushing the stimulus package, extending unemployment benefits, auto (read UAW) bailout, etc. It’s what the Dems do best. And we stupid voters always vote for the ones promising the most goodies. Socialism buy design makes people less productive and adds to the ranks of the dependent masses thereby keeping their benefactors in power.

no wonder this country is in so much trouble, look at the comments here on this page. We have ghetto rats, people blaming a president that isn’t even in office yet, people who still don’t think Bush caused this at all it was the democrats faults, people who think the government should send them a free check, people who think business shouldn’t pay taxes even tho the infrastructure is used by all. Its no wonder our country is in trouble. MINE, ME, WHY DO I HAVE TO HELP, I DESERVE MORE THAN EVERYONE ELSE BECAUSE I WORK HARDER THAN ANYONE ELSE. Maybe now we know why this country is in so much trouble.

Back to the Basics is what is needed for this country. Everyone trying to keep up with the Jones didn’t work.
Live with in your means. Why does everyone think they need a $300,000 dollar home. I lost my $25,000 home in a foreclose!!! It was a 118 years old. Yes, I lost it last month. My family almost ended up homeless. Why you ask? Because both my husband and daughter were both victims of violent crimes. Did anyone help them. No. I had to transport my daughter back and forth 350 miles round trip to a residential facility for help. Why because our state facilities were cut out except for Chicago. My 2002 Cavalier has 197,000 miles on it, and it sits parked because I can’t afford the repairs. I had to file Bankruptcy, and the loan company wants to repossess it. I paid $456 a month for it for 5 years. That is over $27,000 for a Cavalier. They still say I owe almost $8,000. This is robbery. But the poor have to pay high interest because of lower credit. Now I’m going to lose it. Do you think, I can get any help no!!!! I work a full time job, and a part time job just to make ends meet. If I sat on my duff and did nothing I would get help. I refuse to do that. Why can’t people who are trying to do for themselves get any help?

I find the irony in this. People are dissatisfied with the job approval rating of our legislative branch, mainly because of the economy, yet they voted many incumbents back into office in congress and senate. Most, if not all of the incumbents voted out of office this past election were Republicans, seeming to indicate that everything is Bush’s fault. Guess what? While Bush may be partly at fault, he is not solely at fault. Who passed the bills to have Bush sign? That’s right, congress and senate.

Bottom line we are suffering from 30 years of Reaganomics. The republicans have robbed the middle and lower class and gave to the rich. We have the highest discrepancy between these classes in our countries history. Then they deregulated everything and made Americans live on credit now we have hit the ceiling. If the democrats would not have been so complacent they could have stopped this reverse Robin hood robbery. Throw in the occupation of countries that would slit our throats in a second and we are cooked. It is a lot different to spend on an ailing infrastructure like Obama is proposing verses sending out checks like the republicans like to do. One has lasting effects, the other is gone in a day.

I hear a lot of Republican attack dogs on this board about Barrak Obama’s economic plan of. Arn’t you glad you now have a presidenbt can gget things done.

Reagan was not responsible for the problems today- he kicked off a period of prosperity.
http://www.house.gov/jec/growth/prosper/prosper.htm
“The Reagan expansion years marked a period of economic progress for middle class Americans. Middle class income increased 11 percent after adjustment for inflation, while nearly 20 million new jobs were created. The percentage of households in the low income category dropped during the 1980s. This group comprised 27.5 percent of all households in 1980, 28.5 percent in 1982, and only 25.3 percent by 1989. As a share of all households, the proportion of those with low incomes became less prominent by the end of the 1980s.
Meanwhile, the percentage of households with incomes over $50,000 jumped from 17.6 percent in 1980 and 1982, to 23.5 percent in 1989. This remarkable increase in the proportion of high income households is another sign of solid income growth.
Notice how the strong upward mobility has affected the middle category. This group comprised 55 percent of all households in 1980, 53.8 percent in 1982, and 51.1 percent by 1989. In this one sense, the middle class did indeed shrink during the 1980s. Is this good or bad?
If the middle class shrinkage had resulted from massive income losses resulting in expansion of the low income group, it would clearly signal that something was seriously wrong. However, a review of the data shows that the reverse was happening. Income gains were pushing a greater proportion of middle class households into the high income category. Of the 4 percentage point reduction in the middle class percentage between 1980 and 1989, all of it is accounted for by net upward movement into the high income category. “

Stephanopulos piece on “Big 3 bailout” was heavily biased from the very start. It seems that the main idea of this “high-quality” journalism was to invite a team of four professional “Big 3″ bashers, and to make it “balanced and fair” two were from the right and two from the left! Predictably then the two conservative pundits hit on the union, and the two liberals on the management without much regard for facts or even common sense. None of them had any relevant automotive industry experience and at least one of them (David Brooks) acknowledged this. To have at least a bit more balanced discourse I propose that Mr. Stephanopolus brings someone who knows some facts in favor of the industry and their bridge loan request. Try Mr. Verg Bernero, the mayor of Lansing, who gave the hysterical Fox “newsmen” run for their money (see http://www.lansingcitypulse.com/lansing/article-2356-virg-bernero-on-fox-news.html).

It’s New Jersey Governor Corzine – just a small mistake. He’s a former Senator.

I have to respectfully disagree with tangito. Last I checked, the Democrats control majority in house and senate, before and after the election, and the legislative branch are the ones who are responsible for the budget, finances, laws, etc., and sending bills for the president to pass. I suggest classes in US government. If we get out of this mess, then the Democrats are just fixing their own mistakes. But I’m not letting Republicans off the hook either. They are just as guilty. Some may enjoy this: http://content.kiplinger.com/features/archives/2008/09/how_the_financial_crisis_started.html

Rod- in addition, the subprime mess goes back to the 70s when the Democrats forced banks to give loans to redlined districts (areas where people normally would qualify for loans), if they banks were to be allowed to expand. In the 90′s the loans were securitized for trading by Clinton and the Republican congress. In 2005 when some members of Congress including McCain wanted to regulate Fannie, they were stopped by Dodd and Frank who said Fannie was a great company. And 6 months ago Murtha knew the banks were going to implode but did nothing. Frank, and Dodd both committee chairs for banking business both watch it happen. I often wonder if they didn’t do anything so Obama would win.

BO, YOU ARE JUST AN IGNORANT BITCH, FAGET, ETC….IF YOU DON’T LIKE IT MOVE TO RUSSIA, SAUDIA ARABIA, ETC…AND LIVE! THE U.S.A. IS FOR EVERYBODY, WHO IN THE HELL DO YOU THINK YOU ARE? I HOPE YOU ARE STERILE BECAUSE I HATE TO KNOW HOW YOU ARE RAISING YOUR KIDS! BITCH

How is he going to pay for a stimulus package, bailouts, an infrastructure program , Afghanistan and on and on? Especially now that he may just let the tax cut for the rich expire in 2011 instead of rescinding it right away. Someone has to pay, or is he going to use the Bush playbook and borrow it from China?

I thought this was gonna be Carter 2, but it’s looking more and more like Clinton 3. Either way America gets shafted.

FTA: “Schumer told me, saying Congress is working on getting a major stimulus package on Obama’s desk before Jan. 20.”
BEFORE Jan 20? Obama’s Desk? Sumbiatch can sign it all he wants BEFORE January 20, and it doesn’t mean a thing. HE IS NOT THE PRESIDENT UNTIL JAN 20. GET OVER IT.

Bo the only ghetto rats getting checks are the ghetto rats and crack heads on Wall Street. I am a real estate broker and owner. You must spend money to stimulate the economic. I guess it was ok when Bush gave out a checks did you send yours back. Take your code racism back to the trail park.

to Jennifer….It’s pretty clear that by the language you use where you were raised. Hey lets all get mad and start cuzing everyone out. That will solve everything. You should be ashamed. How do you if Bush smoked Crack? Did you sell it to him or smoke it with him?

Almost everyone in here is arguing like a bunch of school kids. Shut up! If you think you can do better than maybe running for office next election would be the best road to take. Barack Obama did not create this mess, he is trying to fix it. Who knows what the solution is? We havent tried anything yet. I do not think another stimulus package is the answer either, but i’ll take the money, why not, iraq does and they are not paying taxes. I do. For all those that are anti-obama you should maybe give him a chance and stop being so negitive. If this country doest improve its only because of the negitivity and denial in those that are against him. Why are people so scared Barack Obama isnt going to do good? Half of this country voted and BELIEVED in him!! GIVE THE MAN A CHANCE!! HE IS THE NEW FACE OF AMERICA! DIVERSITY! YAY!!!!
Have a great day!

this stimulus package needs to be huge for the working americans not all for the business. i know we need more jobs but we need to help those that have job(jobs) that are struggling to pay bills and to buy groceries, medicines and to put gas in the cars. we would need a huge amount to help stimulus package because if it is just a smaller amount then we would just use it to pay off bills and not go out and buy anything.

The idea of a “big” stimulus package is more important than having a “big” figure attached to it. After all, the economic crisis is a psychological crisis, fueled by fear.
The ideal stimuls package would instill hope, and the hope would be based on realistic outcomes. I like any perspective on the economic crisis that introduces an element of hope. As a psychologist, my take on this phenomenon is that it is psychological, based on fear.
The loss of the economy, as we knew it prior to this recent crash, involves a grieving process that I believe will culminate with recovery.
The catalyst for that recovery is hope. Follow the message contained in these songs and you’ll understand what I mean.
Everything is Fallin’ Apart
Dr BLT
words and music by Dr BLT copyright 2008
http://www.drblt.net/music/EveryThingIsDemo2.mp3
Dr BLT altered cover of Blue Oyster Cult classic
http://www.drblt.net/music/DontFearDem2.mp3
and as I said in my totally original Dr. BLTune…
Spread Some New Year Cheer
Dr BLT
copyright 2007 Frosty Rock Records
http://www.drblt.net/music/SpreadDemo2.mp3
BTW, great predictions for a…
Future 2 Behold
Dr BLT
words and music by Dr BLT copyright 2008
http://www.drblt.net/music/future3.mp3

Bush’s times are gone and done. His stimulus was a failure. Now it is Obama’s time. Obama’s stimulus plan should envision changing regulations & economic policies to have short-term & long-term effects on unemployment, middle-class and the market stability. Strengthening the middle class and creating more job opportunities should be the primary objective of the package, rather than handing the blank check to the Wall Street and failed big corporations.

I voted for Obama. I had no idea what he actually was going to do when he got elected I just knew I should vote for him since he was talked about so much. Now he is planning to spend more money than the government could ever hope to repay to get us out of this re/depression. That makes so much sense I’ll try that at home too. I’ll put as much as I can on my credit cards so that I can spend money on a new car and a cool suit so I look good then I’ll get a good job even though I have no experience or training and I’ll be able to pay back all that money with no problem. Spend my way out of my previous debt and financial ruin. Why didn’t I think of that?

I belive Bush to be one of the greatest presidents in history. He gave us the people a chance and we blew it not him. he gave us a military base were we have long needed one and less than 5,000 solders gladly gave there lives to give us the security of haveing that base to protect our future freedom. He expanded our borders making us the largest country in history. Now we have a president that is trying his hardest and so many are waiting for him to fix there problems. Well heres a hint you get paid for what you are worth and if your cars arn’t worth buying at the price your asking then maybe its time to cut the cost of producing it to cut the final price till it is. if you are a mortgage broker that has lost your job maybe its becouse you don’t have the service to sell that we want to buy. no one is buying typewrighters anymore and i don’t hear anyone complaining about it. we are americans its time to pull our heads out of our asses and remember we get paid for what we produce and laziness doesn’t produce anything. if you are broke its becouse you choose to be broke in america. this is the land of oppertunity. you ether get off your lazy ass and get it or you don’t. we don’t care what color you are we care what can you produce. so look at your self in the mirror and ask what am i worth? what would i pay someone else to do what i do? if we get to work the ecconomy will change if we don’t it won’t and the president will be throughing all our money away for nothing. join me, stand up as fearless americans and show the world that we are not afraid becouse we are americans and when push comes to shove no one can stand in our way. you wan’t to see obama become great then stand up lift him on our sholders and work on making money, get off the well fair create a job. hire a house keeper. remodle your home. visit your dentist. get off the couch, volinter your time to a hospital or a lybrary. do something productive. produce something. help your neabor paint his house or mow his yard. plant a tree, or a garden. go visit an old person just for fun they need your love too. feel our country with love and watch how beutifull it can bloom. put a stop to why me. well i desirve this or that becouse i am ….bla bla bla. stop asking what our contry can do for you but what you can do for our contry.