So what da~ya think?

[Nicobie]

Is The Obama thing gonna stick?

I'm not too sure about BIGGER gov'mt.

[theknife]

Originally Posted by Nicobie

Is The Obama thing gonna stick?

I'm not too sure about BIGGER gov'mt.

the stimulus thing makes sense - there's already anticipation in my area for funds that's creating an expectation of increased business. so how much stimulus is enough? who the fuck knows?

on a related subject, the banking system appears to be hanging by a thread. all last fall, the problem was presented as a lack of available credit...now, it seems obvious that many of these banks (B of A, for one) are basically insolvent. i don't see how anyone's gonna save them.

edit: this is nationalized citibank

[zombywoof]

The stimulus makes if you work in government or the public sector because the money will stimulate government growth and government jobs. It won't stimulate growth for those who don't work in government. It'll do little to stimulate the economy as far as getting people to spend because jobs are still going away. Once the states get their money, they'll pay down debt with it but will still be left with a huge debt because the next generations are gonna be stuck with the tab anyway.

His home stimulus gives money to those who bought houses and took out mortgages they had no business taking on so those who live in smaller homes that took on mortgages they can afford now has to shell out money to pay the mortgages of those who bought the MacMansions they couldn't afford in the first place.

What about refinancing those families who do pay their mortgages on time so that they can afford to send their kids to college.


The hard working middle class who tried to live within their means are once again screwed because they can pay their bills. Of course if they lose their jobs, then that will be a problem but there will be no help for them.


At the same time, corporate greed at the top has damaged numerous corporations over the years and while they got their golden parachutes and bail out of their company the workers are left with shrinking pensions and job losses.

Plenty of blame to go around.

I will give Obama credit in that he promised change and he is delivering.

[theknife]

Originally Posted by zombywoof

The stimulus makes if you work in government or the public sector because the money will stimulate government growth and government jobs. It won't stimulate growth for those who don't work in government. It'll do little to stimulate the economy as far as getting people to spend because jobs are still going away.

au contraire, mon frer........when my state starts work on newly-funded infrastructure projects, that creates all kinds of work for local construction companies, architects, supply companies, realtors, engineers etc ect etc - because a lot of this stuff gets contracted and subcontracted out to the private sector. when my city hires 20 new cops because they just got a million in stimulus funding, a lot of that million will ripple through the local economy as 20 new cops go out and spend thier paychecks. of course, whether it will be sufficient stimulus is another matter entirely. your actual mileage may vary

At the same time, corporate greed at the top has damaged numerous corporations over the years and while they got their golden parachutes and bail out of their company the workers are left with shrinking pensions and job losses.

you must mean the Axis of Weasels

[Nicobie]

Originally Posted by theknife

the stimulus thing - there's already anticipation

edit: this is nationalized citibank

silly people ....

[albed]

If you're already buried under huge debts just borrow a lot more and throw a big party.


That'll make it alllllll better, yup.

[Nicobie]

Originally Posted by albed

If you're already buried under huge debts just borrow a lot more and throw a big party.


That'll make it alllllll better, yup.

well it seems to make ones on the dole happy.

[albed]

The fuhrer over corporate conduct.


Reminds me of how Hitler started out with the jews.