Comments on: Ben Bernanke Behind a Second Economic Stimulus

By: miranda

miranda — Mon, 27 Oct 2008 02:37:19 +0000

You are right, John, that the package doesn’t per se offer stimulus checks. But the idea has been floating around out there, probably to appease folks that would be upset to see MORE money pumped into business, and not given to people. I think that before rushing headlong into more “stimulus” measures, we should look at what is likely to be of benefit to our society, as well as stimulating to the economy. I think improving our infrastructure would be something along those lines. Unfortunately, most of what seems to be happening IS aimed at “creating the market” rather than, as you rightly say should be happening through creating a backdrop for the market.

By: John

John — Sat, 25 Oct 2008 09:27:08 +0000

The second stimulus should be not directly handing over the money, rather pumping in sectors – what Keynes suggested during the great recession of 30s. Money reaching to the hands of people at ease does not necessarily pump the market; it might result in large scale speculative saving. We might not be as bad as ‘The government should pay people to dig holes in the ground and then fill them up’, but Fed measure should aim at creating the backdrop of the market, not the market.

John
Investment Banking Jobs

By: U.S. Dollar Gains in Forex Trading | Fara Wave

U.S. Dollar Gains in Forex Trading | Fara Wave — Wed, 22 Oct 2008 10:55:26 +0000

[...] his testimony, the Fed chair urged a second economic stimulus package and reaffirmed his commitment to buoying up the U.S. economy by any means [...]

By: Second Economic Stimulus Package Gains Momentum | Free From Broke

Second Economic Stimulus Package Gains Momentum | Free From Broke — Tue, 21 Oct 2008 18:00:43 +0000

[...] at Yielding Wealth – “Giving us the ability to continue the same destructive practices that got us here in the [...]

By: U.S. Dollar Gains in Forex Trading : Experiences of a Forex Trader

U.S. Dollar Gains in Forex Trading : Experiences of a Forex Trader — Tue, 21 Oct 2008 16:40:21 +0000

[...] his testimony, the Fed chair urged a second economic stimulus package and reaffirmed his commitment to buoying up the U.S. economy by any means [...]

By: miranda

miranda — Tue, 21 Oct 2008 15:20:00 +0000

I agree, Jennifer. I think our priorities in this country are a bit messed up.

By: Jennifer

Jennifer — Tue, 21 Oct 2008 15:17:19 +0000

I have said this before, but I am always shocked that they are willing to throw money our way yet they can continue to take it away from schools. It is just really disappointing.

By: miranda

miranda — Mon, 20 Oct 2008 19:42:01 +0000

Thanks for weighing in FFB! Reminds me of that Einstein quote about the definition of insanity…

By: FFB

FFB — Mon, 20 Oct 2008 19:40:04 +0000

I think it’s foolish to even think of a second stimulus check. Did the first help our current crisis? Nope!