"jps" wrote in message
...
On Fri, 30 Jan 2009 21:03:19 -0800, "Calif Bill"
wrote:


"HK" wrote in message
...
wrote:
On Jan 30, 11:59 am, jps wrote:
On Thu, 29 Jan 2009 13:27:19 -0500, "Eisboch"
wrote:







"thunder" wrote in message
t...
On Thu, 29 Jan 2009 08:31:38 -0800, Frogwatch wrote:
Not content to
thumb their noses at their parents sacrifices, the boomers chose to
embrace immediate gratification via massive debt to fuel their
every
whim. Now that the bill has come due, in true boomer fashion they
are
now trying to pass the bill onto their great grandchildren via
Obama's
"Stimulus Plan" that will be paid by successive generations.
Up until Reagan, according to Dick Cheney, "proved deficits don't
matter", there were only two reasons for deficit spending, fighting
a
war, and fighting a recession. There were 55,000 announced job cuts
on
Monday alone. Frankly, I'm praying Obama's "Stimulus Plan" is
enough.
This is already going to be a severe recession, without Obama's
plan,
it
could very well be a depression. Oh, and if something like the
Great
Depression were to hit today, it would cost this country upwards of
$20
trillion.
http://www.washingtonpost.com/ac2/wp...8?language=pri...
Back on my bandwagon:
I noticed something in Obama's public statement after the House vote
on
the
$819B stimulus package yesterday.
At one point he said that stimulating small business is essential for
a
recovery. He then said, "Private business is the economic growth
engine of
the country, not the government."
Those are key words. Maybe he is catching on.
That is the biggest reason no Republicans voted for the package and
11
of
the Democrats voted against it. The package is laden with earmarks
and
pork, with only a small portion of it dedicated to lowering taxes on
small
business or providing other economic incentives.
The Republicans want a much bigger portion of the package to go
towards
tax
relieve for small and private business.
Article written last January. Look at what stimulates the economy in
the short term, which is what we need. It's not small business
investment.

http://www.economy.com/dismal/articl...sp?cid=102598- Hide quoted
text -

- Show quoted text -

snip
The President and Congress are quickly coalescing around a fiscal
stimulus plan to shore up the flagging economy. As currently
envisioned, the plan is expected to cost at least $150 billion and
include a sizable tax rebate, short-term tax incentives for business
investment, and temporary increases in unemployment insurance benefits
and food stamps.
/snip

150 billion? What numbers is this guy looking at? I think he is off
by about 95%, coincidentally, about the same as the amount of pork in
the porkulous package... But he said it, so it must be true


Article written in January 2008...take a remedial reading course.

And that stimulus solved what?

How could it have solved anything if it wasn't undertaken?

$600 a person rebate. That stimulus?