If the Economy Is going to rebound by the end of this year why we still have to spend the stimilus package?

Question

doesnt make sense .

Answer 1

The stimulus packages is a lie. If it was truly a stimulus package it could have been debated. Even the three Republicans Senators who voted for it had to be persuaded by Obama to do so in order to effectuate its passage.

That is because it is really just a liberal spending agenda. We have seen three months since it was passed and last month had a record low new housing starts figure. That is since records were kept. That isn't stimulated, the banking industry isn't stimulated, the stock market is flat, the auto industry is bankrupt, we are losing 600,000 jobs a week. The job growth figure given by the White House shows zero growth projected for 2009. The DOW flattened out three days ago. It had been very slowly rising since March but this is where it will settle. Long time investors who got in in 2007 will never recover their loss of about 60% on their retirement fund. Nobody in their right mind would want to invest in our market. There is no incentive for anyone to do so. If this was a stimulus package, what was it supposed to have stimulated? If this is a stimulus bill why can't we stimulate now instead of two years down the road. If it was such an emergency that nobody could take the time to read it why do we have to wait a year or two for it to be effective. This bill should be repealed and the only way to do that is to get the democrats out. They are intending to spend more. Now tell me they have your plight as their main concern. Where is there any evidence of that?

Answer 2

I have a minor in economics maybe i can but what the government cant seem to in English.



One we wont recover without the governments help, the other solution is the repeat of the stock market crash again and we already know how that went. They are trying to no repeat history. That is to answer you question. Simply right. right now here is what isn't so simple the Why.



What I mean is why is Why are we in the shape we are. That is simple to and it isn't the holly bull of smoke the government is blowing up our buts. Here is the hard part



Look back to the Reagen days. Those of you old enough anyway. lol I was a kid in school. Those seemed to be the days. AHHHH. Anyway. Minimum wage was only 3 something. I know because in 1992 I went to work for 3.80 for Hardees and i was 15, it has more than doubled in only 15 years. That is where it all started going wrong. don't get me wrong I'm all for wage increases, but we went over board. Forcing minimum wage forced up prices which made everything go up, because the country store who cant afford the the wage increase has to raise prices in there stores, like gas stations, and ect, then this trinkles down to the home and day cares. Now everyone is where they where a year ago, then the gov, comes in and raises wages again, and this cycle went on and on.



On top of this we got a lot of crooked companies that loved praying on the poor showing them there flashy promises, telling them they can live like the Jones, all they need to do is sign the dotted line. Knowing they couldn't afford the loans, and they where over there heads, and living check to check. these companies are the banks, payday loan, and the pure scam artist mortgage companies.



All along uncle same let it all go buy and never warned us that our presidents, i will have to exclude the Clinton's they actually made the country money and got us out of debt, which didn't matter it only took bush 5min in office to spend it all and less then 6 months to put this country in the worse debt it has ever seen.

Answer 3

First of all - the idea that the economy is going to 'rebound' this fall is more hope than expierence.



The next issue is that the 'stimilus package' had very little to do with the economy and was nothing more than a liberal spending wish list.

Answer 4

Sen.Gregg could learn the great melancholy and WW II. on the top of wartime spending, the nationwide debt replaced into 128% of GDP. under the worst case state of affairs, Obama's debt ratio would be under 80%. And we've been given out the GD and WW II in enormously sturdy shape. The conflict positioned all of us returned to artwork or right into a uniform. whilst it replaced into over, human beings had funds interior the financial company and went procuring for automobiles and residences and created the suburbs. Uncle Sam paid for a school education for tens of millions of veterans and virtually gave them a house. That replaced into accompanied by 3 a protracted time of historic financial enlargement for the middle class. And the wealthy did enormously lots too. We have been given out of that hollow and we are going to get out of this one, too. yet no longer Sen. Gregg's way. we've had 3 a protracted time of trickle-down Reaganomics with deregulation and its disastrous outcomes that are actually interior the headlines. So it's time to pass returned to fundamentals: stimulate the financial equipment with investment in infrastructure, positioned human beings returned to artwork, and end the trillion greenback annual loss because of unemployment and under-employment. And we could proceed stimulation until inventory runs down and manufacturing starts returned. investment relies upon on shopper call for, no longer on a low tax fee. Payroll tax cuts for the unfavourable and money for the unemployed make sense. they'll spend each and every cent of it. yet tax cuts for the middle class and the wealthy would be squirreled away for a wet day. Politicians purchase votes by offering tax cuts, yet purely the backside a million/2 of the IQ spectrum will sell out their heritage, their prosperity, and their posterity.

Answer 5

I doubt it rebounds. Henry Waxman's cap and trade scam is going to raise the cost of energy so high that prices will go up. Couple that with inflation caused by the nonstop printing of money and the fact that China is not going to buy anymore of our debt, and it does not look good. When socialized medicine is instituted it will bankrupt the country. We are running out of medicare and social security funds. Spending the pork in the package is not going to help.

Answer 6

The so called stimulus had nothing to do with the economy, it was liberal wish list that our grand children will be paying for **************

Answer 7

That estimate includes the stimulus spending.

Answer 8

that's with the package, without it, it will take longer