what would they suggest?

Can anyone explain why the Senate is plunging headlong into passing this insane piece of legislation when there is so much credible evidence against it? I can. It is because we the people have not risen up in reponse and call, written, e-mailed our representatives and the White House to Protest.

“In a democracy, the people get the government they deserve”

I wonder if these economists supported Trickle Down Economics (Tax Cuts for the Wealthy), deregulating the financial markets and exporting Americas maunfacturing and industrial base?

Easy. Slow this run-a-way train, that is nothing more than a political stunt, down to the type of deliberate process such a HUGE decision deserves. Bring in and Listen to this opposing view and craft a thoughtful, not political course.

OB and other ‘cry wolf’ types have said the sky is falling since last October, and it has not. Nothing other than their political posturing says it will. The Federal Reserve is doing massive injections of capital into the system. Let monetary policy work.

WOW, right out of the Democrate’s talking points. Kindly read the quote that is in the article above. They do a better job at telling you who they are and do it well and without political bias

FDR’s policies did not pull the U.S.out of the depression only war(god forbid) and tax cuts have resulted in recovery in the past. Printing paper and throwing it at the problem will result in future inflation if not hyperinflation. We have nothing backing this paper and it will only put a burden on future generations. Stop spending and bite the bullet, take some pain and then we can gain.

BRING IT ON!!
Let’s just cut to the chase. Mr. Government please give every U.S. citizen 18 and over a $30,000 a year living expense, free healthcare, free education, free housing, free entertainment (concerts and gladitorial games for the unwashed masses)
Those of us that wish to make more can, or just like Canada with free healthcare I can still hire my own doctor if I wish as long as I can afford. I mean do you really think that 60k a year incomes are using free healthcare? It’s all about what you can afford.

I’m very serious, why are we screwing around with this capitalism/socialism left right paradigm? Extreme Capitalism does not work because of greed and extreme Socialism does not work either (although there has never been a true socialist system, it’s always been butchered be communism and fascism)

There is more than enough money in the government, just look at all the waste already and that does not include the 2 billion a week saved in the “war on terror (I mean the war of lies and fear)”

I’m so tired of hearing right wing talk radio nutjobs squawking about how Obama is going to make us into socialist by spreading the wealth or giving free healthcare (for the record, it was Hillary that proposed free healthcare)
And I’m tired of hearing left wing nutjob bloggers believe that one man can change the world and the (fake) economic collapse.

Bailouts don’t work (just ask Paulson to tell us where the first 350 billion went) This was the biggest heist in the world. And a tax holiday won’t work because you would have revolution and blood in the streets if taxpayers were able to keep 30% of their paychecks and then Uncle Sam tried to take it away again. Some of you might already know that every penny of your income tax goes to pay the debt of the Federal Reserve. So here the Fed prints fake money buy adding zero’s to computer systems and then all of us get to pay it back with an undisclosed interest rate - it’s the most brilliant scam ever.

Watch Freedom to Fascism, wake up and get mad as hell
http://video.google.com/videoplay?docid=-1656880303867390173

Instead of complaining about the current plan, why not come up with a plan of their own. That won’t happen because then they’d have to own it if it failed. We’re in new territory here. Cutting taxes and letting things work out on their own is not the fix-all for every problem.

The Cato Institute, and its local junior fatcat partner: the Show-Me Institute, is nothing but a hard right wing think tank created by the super-rich corporate elite. (I like Naomi Klein’s definition, which I have paraphrased, of a think tank: comprised of hacks–like Podgursky and Poole–paid to think by the makers of tanks!) Face facts, my far right wing friends: your Ayn Rand/Milton Friedman/Reagan/Thatcher economics are in the dustbin of history. Top-down, trickle-down policies have led to EVERY major economic crisis since the arrival of laissez-faire capitalism. More recent examples include the savings and loans crisis of the 80’s, Enron(you know, the company for which Cheney-Bush’s Attorney General Gonzalez lawyered for in the early 90’s)and the current, international economic meltdown. When are you right wing sycophants going to own up and take some responsibility for your wreaking havoc on the 95% of those who are not super-rich like Rex Sinquefield, the Republican financial mastermind behind the Show-Me Institute? Have a fresh, hot cup of locally-brewed java, my friends and wake up, and more importantly, own up! At least Ted Haggard has.

1ST - The Free Market is designed to reward good economic behavior and punish bad economic behavior. The current economic meltdown is not a result of Free Market failure. The Free Market is simply doing what it does best - exposing the fact that a lot of bad economic behavior exists.

2ND - The current financial crisis is the result of people and entities not paying their debt. No one forced these people and entities to take on more debt than they could afford. The banks and institutions who sold their mortgages were operating under lawful business practice.

3RD - The vast multitude of bad mortgages were those that never would have existed except for the fact that Congress FORCED the banks to create mortgages for Low Income borrowers as part of a social mission. This is equivalent to giving credit cards to children so they can dress as well as their better off peers.

4TH - The new administration and Congress are now trying to stimulate MORE spending and borrowing, which is what got us into this mess.

5TH - The $800 Billion Bill passed Wednesday night by Congress includes no more than $90 Billion in actual stimulus (12% of the total Bill) spending and only 25% of that amount occurs in 2009. The balance is nothing more than an increase in current transfer payments (food stamps, unemployment benefits, new bureaucracies, etc.) which add nothing new or stimulating to the economy.

6TH - If you’re happy with business as usual, uncontrolled spending, enlargement of government and paying off special interest constituency groups, this is your Bill. If you are serious about ending a “crisis” in our economy, this Bill achieves LESS THAN NOTHING! It will be a drag on every taxpayer and business that’s forced to fund it as they try to pay their bills and expand their business.

7TH - Life is REAL, this isn’t practice and there are no do overs. Please wake up and ask your elected representative to stop taking out an equity loan on your future income and savings - it’s your money.

“what would they suggest?”

Tax cuts have always worked. Google the 1921 recession. It was far worse than what we were in today because it was strongly deflationary. The federal government reduced spending and cut taxes. The economy recovered within a year.

Kennedy, Reagan, and Bush all cut taxes in response to recessions and they worked everytime.

If Obama truly wanted to stimulate the economy and not just give Democrats a Pork Party, he would cut the capital gains taxes in half, cut business taxes in half, and give serious income tax cuts at every level — especially the wealthy. Within 6 months the economy would be steaming ahead and treasury coffers would be full.

Why not do something that we know will work instead of doing something we know will not work?

Just how fast do you think the economy would recover if they took the 2 TRILLION dollars that this is going to cost, divide it and give each EACH TAXPAYING “AMERICAN” CITIZEN their share of the 2 trillion. Let’s see, I see mortgages being paid off, credit cards being paid off, banks having money again, lots of stuff being purchased including new homes, boats, cars and people actually paying their bills instead waiting for another government handout. I believe companies would start to flourish and start hiring and expanding again.

I think that is a much better idea than paying for sod for the national mall, research and disease control programs, illegal payoffs for those organizations like (ACORN) and (Planned Parenthood), who by the way are either doing illegal activities in community organizing and voter fraud, or murdering 4000 babies a day in this “peaceful” nation.

How about “truly” working FOR the people who pay your salaries that, oh by the way, you voted to raise a few months ago while the rest of the nation was being told to be “responsible” and inflate our tires.

If this President and administration wants to be trusted and taken seriously by the people of this nation they are going to have to start producing solutions to problems instead of just threatening us with disaster just so they can line their own pockets and the pockets of their special interest groups.

So much for Government Transparency and CHANGE. It is the SAME old bait and switch and do things behind closed doors policies that have always been there.

Yes, probably President Obama’s American Recovery and Investment Plan [819 billion stimulus bill] will no be able to solve the economic and financial crisis of 2008. The laissez faire economists that signed this adverstisement are correct when they said that “[The seven years of]..government spending by the Hoover and Roosvelt did not pull the United States economy out of the Great Depresion in the 1930’s.”
Unfortunately they did not go in the scond part of the history. What was necessary then and it necessary now is to inplement a “big-push” strategy formalize a la Rosestain Rodan.
zg

Any money I receive will go into the bank until I really need it… Not buying anything I don’t need… Car, TV, Magazines, Entertainment, Lawn Care… the list goes on.

Are these economist the same that spoke up about the disasterist $250 billion expenditure just on a foolish war coupled with a tax cut of over $120 billion per year to leave us during this crisis with little options given those policies created a $5 trillion debt abyss. Also, was it these economist that spoke out against the financial law/rule changes that have occurred during the “Republican Reign” 1994-2007 that dismantled every lesson of the Great Depression- eg Separation of Investment and Commercial Banking, transparency of valuation(creation of derivatives, deregulation of hedge funds, etc, and leverage control( 40 to 1 sounds good). If you are and this ad also spells out your ideas how to help, please send them to me. Remember, we understand 1 bill in 20 days of an Administration could hardly be expected to WORK as in correct the abuses in our economy that has created this train wreck over the last 15 years- Do you get paid for such insight.

So sad, but I agree that we get what we allow to be. This stimulus is nothing more than a payback to special interest. Look who gets the money. Education? Yes, VERY, VERY important, but wont stimulate the economy. Paying longer unemployment benefits? Would not creating jobs negate the need for the extension? Acorn? C’mon!

Let us ‘think’ for a moment. Who hires people? The government and business. Now look who benefits from this package. Bigger government. NOT businesses. If you want to create jobs, lower business taxes, payroll taxes, and the insurances that go along with them. With this, I am sure that the small company I work for as well as many others will be able to hire back those jobs they lost due to the slowing economy. With more people working, more people buy products and services and pay more taxes. They spiral reverses and the economy goes up.

Now if the government needs more taxes, then first fix the loop-holes that the Dems are using to not pay their taxes. While we are on taxes; to be fair, a variable sales tax would be better than this sieve of a tax code we are currently using which allows people to hide money, or just not pay taxes at all as all as the Dems are showing us. Lower sales tax on necessities and a higher two on luxury. This way everyone pays while also encouraging saving. Why don’t we do this??? Well if we did, then all the hidden taxation would have to go away and you would fully see what the government takes from you. Then we would be screaming we are taxed without proper representation.

In all, this is a dumb plan for a stimulus, but a great one for a payback. That is why it was rushed. Just like a used car salesman. If you take the time to look it over, you probably won’t buy it. So move them to sign quickly.

The American people got played again. One would have thought we learned after Bush’s bail out that rushing into something does not give us the control. Billions went to banks and no one knows how it was used and lending did not again start to flow. However, the government does now own part of those banks. The really cool thing is, that before, the government needed court permission to look at bank records, but being they are part owners, they can just walk in and take what they want. How comforting is that!!

American is going to step down from prominence!

Sweetness - you are my new hero. What a great post and an even better video….I am mad as hell right now!!!!

Thank you so much Richard and Sweetness (ps loved the video!) for telling your views on the new stimulus bill! I am a college student and I am writing a paper on it. Up until I came to this website I was all for it. They make it seem so peachy and appealing to Americans…..of course because we are so gullible! Well you cannot include me in that category anymore. I though I wasn’t going to be able to write 6 pages on how I like the stimulus bill because everybody keeps saying the same thing! well now I am confident that I will be able to write 20 pages on why I disagree with it!