Comments on: What Do I Think About the Economic Stimulus Plan From Barack Obama?

By: miranda

miranda — Thu, 15 Jan 2009 12:52:46 +0000

Thanks for sharing, William! There are some good points to the stimulus, but, unfortunately, it still does a lot more for big corporations than it does for regular folks.

By: William

William — Thu, 15 Jan 2009 06:28:18 +0000

Obama’s planned economic stimulus gives hope but it remains to be seen how quick that is going to steady the slump. When analyzing the current economic chaos, open discussions and participatory forums play their part in providing insight and workable solutions. I saw a similar idea here http://www.thresheronline.com/ that promises to contribute much.

By: miranda

miranda — Fri, 09 Jan 2009 21:13:27 +0000

So true, Magali! And that is part of what is leading to inflation (the devaluation of the dollar), as well as continuing this state of economic instability.

By: Magali

Magali — Fri, 09 Jan 2009 19:36:33 +0000

I’ve never quite understood how this works either. Cash in my pocket it great, but the government doesn’t live on a budget. They’re just printing money and borrowing it themselves.

By: Miranda

Miranda — Wed, 07 Jan 2009 12:42:32 +0000

What kind of consumer confidence, though? More debt spending? Or a different kind that involves more disciplined choices? Personally, I don’t think the mess will truly be fixed until we have an overhaul of the way things currently run. Also, I think that we need to offer more than just consumption (start exporting something — technology, goods, whatever), as well as accept that there will be some ups and downs and stop trying to force unsustainable growth. Unfortunately, a complete overhaul probably isn’t feasible, since it would be too politically risky, and most Americans would consider it too slow to take effect. No one thinks long-term, which is part of the reason we’re where we are at.

By: Mr. ToughMoneyLove

Mr. ToughMoneyLove — Wed, 07 Jan 2009 05:35:00 +0000

The government was a co-conspirator and major player in causing this mess so I have no hope or belief that it will do anything but delay a recovery, regardless of what fiscal or monetary policies it adopts. Until consumer confidence returns, nothing will work.

By: miranda

miranda — Tue, 06 Jan 2009 18:30:46 +0000

Tax cuts can give a quick shot in the arm, but long term it doesn’t do much, I don’t think. At any rate, it doesn’t address some of the underlying issues.

By: The Passive Dad

The Passive Dad — Tue, 06 Jan 2009 17:41:59 +0000

Tax cuts can put money quickly to taxpayers but I don’t know if it will help in the long term. Too bad the government can’t get creative and offer better loan terms or car financing for individuals, considering the US government now owns a stake in car manufacturing and freddie mac. I personally would love to see 4% 30 year fixed rates. This would help put more money in my pocket and other americans.

By: miranda

miranda — Tue, 06 Jan 2009 12:32:44 +0000

I have to agree. They are nice, but how effective will they truly be? Especially when combined with massive amounts of government spending…

By: TStrump

TStrump — Tue, 06 Jan 2009 05:40:32 +0000

Tax cuts are appealing in theory, but it’s not always clear that the additional economic output will outweigh the lost tax revenue.
Could lead to bigger debts.