“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!