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Democrats in Congress Push for a New Stimulus Package to Jumpstart Ailing Economy

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tde07p

Mizialjm of AK 6:58AM July 15, 2009

Just wondering if you think it would be possible for the US citzens to get a 7 trillion dollar bailout.Giving it to the same people they did the last time approxamatley 130 million people thats roghly 50000 a person.I know it sounds like alot but thats what they gave the banks.And im pretty sure the people who got the money would spend it either paying off there debt or buying cars.

of NC 9:25PM December 16, 2008

What needs to happen is the government needs to start seeing that Average people supply the country with its wealth. Giving Banks and Auto companies money is fine and dandy. However, if the Average American is still struggling to make ends meet they will never be able to buy Automobiles or anything else that makes living fun. We, the working people of this country, need a substantial bail out ourselves. If every honest, tax paying person in this country was given the same consideration that these huge corporations were given it would be invested right back into the economy.
It is not fair to say that we cannot manage a substantial amount of money ( I do not see corporate America doing such a good job).The people of this country are smart and we are hurting. We would pay off our debt to manageable level and re-invest in retail and other sectors of the economy. Do it now and save this country from another great depression.
I hope that the leaders of this country understand that we are dying on the vine. Give the money to the people and watch the economy turn around faster than anything ever seen.

Greg Dennis of IL 3:15PM December 05, 2008

What aggravates me is that we can manage to find the money for the banks (who are hoarding it) AIG (who spends it on CEO travel destinations and on the auto makers (who cannot control internal spending), yet to think of sending money to the average working taxpayer is unthinkable. One of the first rules of economy is money flow and obviously the large sums expended on the banks,insurance and soon to be automakers is not lifting this economy out of the doldrums, so perhaps it is time for the government to give the taxpayer that money so they can pay down or off their debts (thus putting money in the banks, investment firms, insurance and auto industry) and still have some discretionary spending capital left. Why is it so difficult for our elected leaders to understand this basic economic package? If people have the money to spend they do so, if they don't then we find ourselves in a recession. One more point to ponder it our money they are spending anyway (since eventually our taxes will have to go up to cover the expenditure)... If we are going to pay for it anyway... why not give it to us on the onset and perhaps we (the voting, taxpaying base) can remedy the economy faster than any big corporate, insurance, banking or auto bail out ever would.

Toni of KS 4:06PM November 24, 2008

Money is a means of exchange. Where does that means of exchange come from? Well, the only actual source of money so it can be used as an exchange is labor in all it's various forms including the tools we have devised to do our work for us. But, a tool cannot get paid, so the value increase from the device is transferred to profit to the company. Greed and self assuredness causes the benefits of the value of tools to be withheld from the laboreres who work to operate the machines by transferring the benefit to company investment share-holders. As profits are esteemed in priority over the laborers who are the source, the temptation is to eliminate the costs of labor with the assumption that the tools will uphold the balance. Thus, as people are out of work, they do not have the means of exchange called money to buy the 'products' companioes so need to feed the investors desires. It's where money for money's sake denies the reason money exists in the first place. Put that in your pipe and smoke it.

Mart of KS 4:44PM November 20, 2008

I am a nurse and I see many patients coming in very ill because they could not afford the doctors appointment and the 4.00 antibiotic that would have stopped them from getting deathly ill. Yes we do need a stimulis check. but we really need to fix this mess we are in. We have a large group of families that fall between the cracks. The working poor. They work just over the amount to get assistance but dont make enough to keep them insured and well fed and housed. WE NEED THE BANDAID BUT WE NEED THE FIX THE ARTERY BEFORE WE BLEED OUT.

danielle of IA 11:16AM November 20, 2008

If you have not read this yet now might be a good time.
In a country that still has so MUCH more than other countries. We are the most ungrateful people in the world. We should be ashamed. If I had to guess... would be most are probably not ashamed. We make bad choices and decisions then we want someone else to bail us out.
http://america-land-of-the-free.blogspot.com/2008/11/david-letterman-talks-about-ungrateful.html

Pete of GA 4:26PM November 18, 2008

I was just wondering why when the stimulis package was suppose to HELP EVERYONE and put more money into the economy did they screw up again and make concessions on who was eligable. It seems to me if they want to jump start the economy and help people get back on their feet they would include EVERYONE with NO STIPULATIONS about earnings or how much tax you paid. Also what was the point of discriminating against some of us who lost our jobs or income. Its right back to the old ways if your not rich you get screwed!! Just one time I would like to see regular people get ahead instead of the rich who don't need the money anyway! Furthermore, just because you had a student loan owed to the government you were discriminated against for that too! You want people to go back to school and get retrained but instead of helping them they are told "No you can't have the stimulis package cause you owe us money." I wish all the people in the upper government who make these decesions for the rest of us had to live hand to mouth for one week and maybe they would understand. I am praying that Obama is going to make a big difference in the way things are handled and realizes everyone was not born with a silver spoon in their mouth.

Shatrla McLeod of MI 3:43PM November 06, 2008

Don't hate me for saying this, but are people really hurting? With all due respect to the person who's husband is part-time now (I've been there in 2001 my husband's company went under when I was pregnant with number 3 -- what I learned is we are strong! which was a nice thing to realize -- and true losses experienced of others on 9/11 gave some us some perspective as well).
I know people are spending less, but shouldn't we be -- wasn't it all a bit excessive before (maxing out credit cards on all sorts of junk). But are things really so bad? My sister-in-law worked for Lehman and already has a gig with another bank. I have a friend who was out of work for a little bit after the Bear Stearns merger but he's got a great job now -- it was stressful -- don't want to imply it wasn't. And people I know who workd for unaffected banks say those banks are doing well and even hiring. But, honestly, I personally knew many more people suffering after the dotcom bubble burst in the 2001.
My point is you don't even need to go back to the Great Depression to see really bad times when unemployment was at 25% in 1933 and everyone was on breadlines and such. Look at 1982 when unemployment was 10.8% and 1981 inflation reached 13.5% and you couldn't get a convential 30 year mortgage for less than 18.5%. And Lord knows gas prices were out of control (remember the shortage and the alternate days thing with odd and even numbers?).
My point is -- we're nowhere near any of that now. Now, unemployment 6.1%, 30 year mortgage 6%, inflation 4.9%. I just think we need to gain some perspective. If we don't, our congress will continue to use this as an excuse to spend more money. You know that in the guise of a "stimulus" package all sorts of earmarks and pork will be packaged in. I think if we keep buying into the hype, congress will just take advantage. We've got to say -- 'we're fine, we'll get by, Christmas this year won't be so over-the-top and we won't got out to eat as much -- but we DON'T NEED your stimulus package, so don't even TRY to pass one'.

scecil of NY 6:43PM October 30, 2008