In my view, it's stuff like this post and the constant Republican negativity that's contributing to the decline. Instead of slinging arrows
after ideas are suggested, perhaps contributing to help a common cause would be more appropriate? But.... Of course, showing solidarity & support for the president doesn't win elections.
The Republicans aren't the ones filtering this out to America, the Administration is
through their action. Lending over a hundred billion dollars to AIG doesn't make the economic future look bright and rosy. If that is what it does for you, you need some serious help. The fact that he wants to spend trillions of dollars more to subsidize mortgages and raise taxes to pay for healthcare crap doesn't help either. Sorry, but that is just reality.
meantime, let's let the jobs all go down the tubes & businesses crumble.
There is no other place for them to go. If businesses are not making money, they are going to weed out the chaff. That is the way it works in the business world.
I don't think you'll find "anyone" worth their salt who'd say: do 'nothing' and it will be fine. Banks and businesses are faltering and they are not lending and they are not investing.
You can find lots of people who think that, what are you talking about? I personally don't care about REASONABLE bailout plans, but looking at how the government is handling AIG, I think it's safe to say that "reasonable" was thrown out the window a long time ago.
How do you think things will look once that $50k is dried up? Stimulus needs to be like the chinese proverb: "Give a man a fish and you feed him for a day. Teach a man to fish and you feed him for a lifetime. " You can't just turn over the fishing reel and lake to people. It will require spending and investments to rejuvinate businesses and create jobs. We've seen where tax cuts to the wealthy end up...
It will loo a heck of a lot better than dumping trillions of dollars into faltering companies THAT ARE THE VICTIMS OF THEIR OWN IRRESPONSIBILITY. For me and many Americans, $50,000 would more than pay off all of my outstanding debt, not including a house, and would prompt me to buy a car, a house, and spend money on something like a vacation. That would do a lot more for the average American than what the government is currently doing, and it would increase consumer spending because they wouldn't have any (or heavily reduced) debt.
Another thing the federal government could do is force credit reporting agencies to reset credit levels for struggling families so they feel like they can actually GET loans.
The problem isn't that money CAN'T flow through the economy right now, it's that fiscal irresponsibility with everyone from your neighbor to your boss to your boss's bank to your boss's bank's investors has made it nearly impossible to get money to spend anymore.
Ok great, I'm sure they might as well, but you never hear them.
So my point was: why don't they come out and share these ideas??
All I hear from the Right in this country is how to disagree with Obama. I've yet to see them try and present their own concrete solution.
And I'm sure you're constantly reading things from both sides instead of whatever crap CNN decides to print, right?