Historical Economic Grace Period?

[dmek25]

Tentative deal reached on stimulus
i guess this is where it starts?

[firstdown]

Originally Posted by dmek25

Tentative deal reached on stimulus
i guess this is where it starts?

Yea starts to go wrong. I hope its me who is totaly wrong on this but I just don't see this doing that much good.

[saden1]

Originally Posted by firstdown

Yea starts to go wrong. I hope its me who is totaly wrong on this but I just don't see this doing that much good.

If you're going to go with that statement then I'm going to go with "I don't see it doing much bad compared to doing nothing....so we do something."

[firstdown]

Originally Posted by saden1

If you're going to go with that statement then I'm going to go with "I don't see it doing much bad compared to doing nothing....so we do something."

Well if it fails then it is failing to the tune of around 850 billion so it can do bad. I'm not saying do nothing I just don't think you sit down and decide to spend that kind of money with a bill they are rushing through. Obama even said tonight this is just the first step so how much money is this going to cost and what are the other steps.

[saden1]

Originally Posted by firstdown

Well if it fails then it is failing to the tune of around 850 billion so it can do bad. I'm not saying do nothing I just don't think you sit down and decide to spend that kind of money with a bill they are rushing through. Obama even said tonight this is just the first step so how much money is this going to cost and what are the other steps.

This is real bad and most estimates put the final bill at 2 trillion to get out of this mess. The problem isn't what's the rush but how to best fix the economy. I mean honestly, since when did the GOP give a shit about what the rush is? Certainly not when Bush was the president -- I hope you're with me at least on this point. I don't mind an intellectually and factually based objections but objection in favor of 100% tax cut is completely irresponsible. I find the whole "let them go out of business" mentality and the games being played disturbing. It is unbecoming.


If we do nothing we will bleed to death as indicated by this graph. If we lose more jobs it means we have less people paying taxes, more people seeking unemployment and free food, less people buy stuff, companies have less revenue....rinse and repeat.