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Emergency Meeting

Started by lovesit at 2009/06/08 08:43AM
Latest post: 2009/06/08 09:51AM, Views: 71, Replies: 3
page:
#1   2009/06/08 08:43AM
Emergency Meeting
lovesit
image

Obama is in an emergency meeting today to discuss why the stimulus package is not working yet. I wanted to know others take on it.

Do we even need a package?
Does the gov have the right to give the economy a package?
Why is it not working? More time needed, ot bad package?

I am not real savvy on how banks operate, with all the exchange of funds that are never physically there, so here is my uneducated take.

You cannot help a starving man by giving him a fish. You have ot teach him how to catch one. IMO, all we did was give the banks a fish. That is why the package is not going to work.

#2   2009/06/08 08:51AM
Re: Emergency Meeting
BaileyBaby
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In my opinion I think the vast majority of people are NOT BUYING so Obama can stimulate till hell freezes over... If there is no purchases of product or services how can there be any growth??

#3   2009/06/08 09:33AM
Re: Emergency Meeting
Tesstellthet...
image

The economy is in horrible shape...worse than horrible! It can not get fixed over night. I think it will be a couple of years before our economy is booming again...no matter what Obama does. It's the country as a whole that needs to get our economy going again, not just one man.

#4   2009/06/08 09:51AM
Re: Emergency Meeting
alwaysEJ
image

Quote lovesit: Obama is in an emergency meeting today to discuss why the stimulus package is not working yet. I wanted to know others take on it.

Do we even need a package?
Does the gov have the right to give the economy a package?
Why is it not working? More time needed, ot bad package?

I am not real savvy on how banks operate, with all the exchange of funds that are never physically there, so here is my uneducated take.

You cannot help a starving man by giving him a fish. You have ot teach him how to catch one. IMO, all we did was give the banks a fish. That is why the package is not going to work.


Wait...he has acknowledged that it's not working

Hey, you know what they say - the first step is admitting you have a problem.

I seem to remember being told if the stimulus wasn't passed, unemployment would rise to 9% or more...which it now has. The economy was used as excuse for B.O. to do that which he was going to do anyway - spend an absurd amount of money we don't have, selling the souls of young Americans to China in the process. Hey, at least the feds picked up a car company & some banks along the way...you know they run everything else so flawlessly.

Also, the wealthy in this nation have been promised their taxes will be raised, so many of them aren't spending as they normally would, especially on big items like houses, cars, boats, etc. Employers have been promised their businesses will be taxed at greater rates, so they're not looking to hire & they're not eager to up the benefits of current employees. When people are told the govt. is going to take their money, they tend to hold onto it.



http://www.voanews.com/english/2009-06-07-voa22.cfm
"US Unemployment Rate Gallops Ahead of Expectations"

Modified 1 times(s), last time at: 2009/06/08 12:39PM
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