Liberals: We Need $2 Trillion in Stimulus Spending

Insanity!

This is insanity! What they're spending now and/or about to spend is more than all the wars we've fought combined. This money is being printed or borrowed from China with nothing backing it up. Those of you who blame Bush alone, if you recall the Iraq war could have been paid for with discounted Iraqi oil, however, you liberals screamed "no war for oil" so we're footing the entire bill to free this oil rich country! Democrats are almost entirely responsible for this economic crisis. They are the ones who rebuffed regulators and threatened banks to make loans to people who could never pay them back. Republicans are guiltly of being afraid of the racist charge (evidenced by 2004 congressional hearings on Fannie and Freddie) so they didn't insist on regulation hard enough. Democrats created and ran Fannie and Freddie, used them as their own slush fund, then they walked off with millions! Now the same people responsible for this mess in the likes of Chris Dodd and Barney Frank are supposed to fix it! It's insanity! I will predict this hyper spending will lead to the collapse of the dollar, hyper inflation and the greatest devastating depression you've ever seen!

CrusaderPatriot.com of WI @ Jan 13, 2009 15:31:27 PM

Bugs

You wrote: "Seeing as how the massive "conservative" spending got us into this mess, perhaps now is NOT the time to be making predictions? Just a thought."

Uhm.. There is no such thing as "massive conservative spending". CONSERVATIVE spending is one of the principle tenets of conservatism. Nice try. As far as the growth of the government over the past 8 years, fiscal conservatives will tell you that this kind of growth is unacceptable and inherently unhealthy for the economy. My point being that you have to look at the methodology of the spending, not the political party who is doing the spending. There is such a thing as massive Republican spending but massive conservative spending is an oxymoron.

Bottom line: Big government = high taxes. High taxes = weak economy.

I will make a prediction, if we borrow 2 trillion dollars to fund this (and we will have to borrow money to do this, a LOT OF IT) we will pay the price. This is a horrible idea and I hope it doesn't get off the ground.

Luke of IL @ Jan 13, 2009 15:04:53 PM

Be careful....

The first mistake the gubmint boys and girls made was buying into the GS,JPM, WS hoax that if they didn't get bailed out the earth would implode. What they should have done was to require PROOF before they gave all the screeching any credence. No proof no money, and Bush and company would have to find a different scam. The bailout of the stoopid car companies was just that, STOOPID! They should have been made to go into Ch.11 and all the suppliers and the union would ALL then have to negotiate a new deal to satisfy the BK court that the emerging company was viable. What we are going to get now is the same old tired company making new tired cars that no one wants, and will have to be mandated by law to buy. They will have to have injections of more bailout vaccine about every quarter and eventually they will fold up shop and go the way of the DoDo.

If you can't guess by now, I don't trust anyone inside the beltway to be able to make the correct decisions, because there is too much money floating around corrupting the function of government. We already have all the laws and regulations to function except for the special interest exceptions. The money that is being tossed out will have the same affect as pissing on a bonfire, you hear something sizzling, but the fire isn't affected at all.

It is really a shame that my children and their children and grand children will all have a poorer life than I did because the arrogant aristocracy in Washington has saddled them with this costly burden.

This could have all been avoided if the government had kept its tentacles out of places it shouldn't have been in in the first place.

Belad of NJ @ Jan 13, 2009 14:54:21 PM

Inflation anyone?

And when the entitlement trainwreck hits in ~20 years, who will bail out Uncle Sam?

Enrique of FL @ Jan 13, 2009 14:28:28 PM

The beauty of claiming that one's plan will "save" so many jobs--rather than create them--is that no matter how many years the recession drags on or worsens through the Obama regime, they can always claim that it would have been so much worse without their brilliant plan.

carl of MI @ Jan 13, 2009 14:03:20 PM

You actually get paid to write this tripe?

Ever heard of fiscal responsibility?

Edwin Meese of ID @ Jan 13, 2009 11:25:38 AM

We Must Refrain from Excess!

With all the TARP and Obama Stimulus flowing into the economy, this plan would be dangerously expensive and filled with programs and initiatives that fail to provide a return on investment to taxpayers. Furthermore, the effects of the remaining TARP (and existing TARP) are yet to be determined and most likely highly stimulative, depending on how it is allocated. Not to mention further stimulus in the form of actions by the Fed, government spending, and tax cuts. We must be careful on these things. Here's my suggested refinements to this List of Waste:

Number 8 can be covered as part of the second half of the TARP, and is probably effective. Number 6 and 9 are acceptable, should be done over two years, and cost around $750 billion. By no means would that be my proposal. With all the money flowing into the economy, we are going to be setting ourselves up for massive inflation and disasterous budget deficits that go far beyond anything we've seen with Bush.

Be careful...

Joe C. of VA @ Jan 13, 2009 10:58:53 AM

Mortgage Bailout

I see all the talk about bailing out people in forclosure or close to it and reducing principal also. My question is what about the who make their payments? Should I stop making my mortgage payment, so someone will help me. I believe this plan should cover everyone who makes their payments. My mortgage company was bailed out and they are not offering any refinance options. What did they do with the money? They are not loaning it. Change is needed.

The Truth of IN @ Jan 13, 2009 10:34:34 AM