Should Barack Obama Press Massive Economic Stimulus?

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When speaking about bailouts... what happens then? the ones we bail out may just get a big wave of consumers rushing through the doors wanting to finance cars they can't afford or they may want to purchase homes they know they can't pay for. by the way... credit doesn't mean much to the average person because they can't get financed anyway even with good or moderate credit. So what happens now?
AMERICAN PEOPLE NEED TO FEEL MORE THAN EVER, THAT THEY CAN TRUST OUR GOVERNMENT. WHAT WOULD YOU DO WITH THE CALCULATED SIMULUS SPLIT BETWEEN THE NUMBER OF TAX PAYERS OF THE $300 BILLION TO $600 BILLION OR EVEN MORE? AND WHERE DO YOU THINK THAT MONEY WOULD END UP? TO THE SAME ONES THAT WE ARE THINKING OF BAILING OUT. WHEN WILL WE WAKE UP?

Eli Miller of GA 2:43PM December 09, 2008

Economic stimulus money has been shown to do little or nothing to bolster the economy. Having just turned 60, I continue to work. During our lifetimes, my wife and I have been fired, laid off, and had debt. In every case, NO ONE BAILED US OUT !! Each instance forced us to take a hard look at what we, personally, had done wrong. We didn't turn, look at everyone else, and blame them for OUR FAILURES. We went to a bank ONCE and borrowed money for 3 months, cut our spending almost completely, both worked 80 hours a week, and we financially recovered. In the meantime, we didn't have time to go to the malls and buy extraneous junk that would have required us to rent a storage locker in which to store it. We didn't particularly like the jobs we were working, but life is not always fair or comfortable. This experience made us smarter, tougher and more inclined to look in the mirror at the person responsible for our life's course.
Providing an "economic stimulus" is nothing more than welfare for those who chose to work the bare minimum or not at all. Those who are in debt need to get off their flat butts and get to work for 30 to 40 years and stop spending what they do not have or cannot afford.
The United States Government has absolutely NO BUSINESS getting into the management of people's finances.

Steve of WV 10:03AM November 26, 2008

Nobody knows.
Stimulus is certainly in-the-box thinking.

Luther of IN 1:38AM November 25, 2008

Bailouts reward the inept and punish the productive. Bailout money is looted from those who produce it and transferred to those who don't. Companies and individuals receive bailouts not by merit, but by pull - by being a friend of the Paulsens, Franks, Bushes, and Pelosis who produce nothing.
Bailouts only encourage more recklessness, while driving out the competent. There are today numerous healthy banks and automobile manufacturers who are being sacrificed so Paulsen et. al. and their friends can live to plunder another day.
The solution is justice and freedom: bankruptcy courts for orderly disposition of assets, and *totally* free markets for new entrepreneurs to enter easily and provide more value while the dinosaurs become extinct as they should.
Our government causes the business cycle just as it caused and prolonged the Great Depression. We nee free markets, objective (gold-backed) money, and the complete separation of the government and our economy.

Pat of MI 10:42PM November 24, 2008

Not since the great depression of 1929-33 have we been in such economic catastrophe. At that time the economic problems were different and not as complicated as at present.Nor was the problem as global as it is this time.Unfortunately the financial institutions do not seem to know the extent or the reality of their asset valuations. They are flying by the seat of their pants. They are unable to trust themselves nor each other. This erodes confidence which is vital to economic activity.
President -Elect Obama has no choice but to try to right the ship of state and do what ever is required to get the economy back on track.Have confidence. We are no longer leaderless.
President-Elect Obama's Economic team will reinforce him in steering the right course to restoring the United States to preeminence in the World Economy.

Lowell M. Bond of FL 9:54PM November 24, 2008

Go to FairTax.org! really look at this program and see what you think. Take the power into our own hands and away from the government.

Mark Hulland of NC 9:51PM November 24, 2008

Come on folks - you really don't believe that having big oil pay for the bailout is what will take care of the problem with the auto makers! Big oil is one of the largest contributors to this nations taxes. Big oil is a free market company. If you think big oil is making too much profit than do what we need to do as consumers - find a better way! Stop letting others take care of our problems and take responsabilty our selves as the founding fathers would have us do. Big oil is helping to pay for the bailout as we speak. Big oil will only raise the cost at the pump for all of us to help them with the bailout. Big oil is not the problem we are. Big oil is only making about 7% profit on what hey produce; what is wrong with a company making a profit? Yes - they may not be totally ethical and if that is the case then stop doing business with them try to understand that we are the ones purcahsing the product.
How about forcing the auto makers to make products that will use less oil and stop purchasing products that use too much oil. Sure lets continue on the road to socialism let our government take care of us. Or maybe we take control and take the power from the government as it ought to be. What are we doing as a nation? What has happened to us, when we expect others to take care of us? And when did we start letting these folks in Washington tell us what to do and think for us? These folks in Washington do not know what we are going through. They spend there time ploting to get re-elected at our expence. So please, start thinking for ourselves and look at what is really going on.

Mark Hulland of NC 9:36PM November 24, 2008

Washington has no money. National debt is going to be more than $10 trillion in no time and all we are thinking of are bailouts of incompetent managements and gamblers on Wall Street. Let Obama and his party spend all the money for bailing out companies that are losers in the competitive marketplace so they can collect campaign contributions from the same losers in the next election.
Bush and his administration are spending now then it will be Obama and Democrats turn to work out poor deals for the taxpayers as they dole out taxpayers’ money in the future.
They are just going to print money (like newspapers) and dole out to keep the jobs in economy.
No nation in history has borrowed its way to prosperity. A nation has to create wealth in order to enjoy it. Our future generations will have to pay for all this debt. By that time, Bush, Obama and many others will be gone. The nation will have the standard of living similar to any third world nation.
Who cares about the future generations? All these politicians are interested in is getting reelected while telling us they care about our children and grandchildren.
A real hypocrisy that has no parallel in recent history!

Ramesh Kajaria of NJ 8:13PM November 24, 2008

I second the idea of having Big Oil fund the Automaker bailout - this is one of the best ideas I have heard - these makers of large SUVs are now struggling because fewer people are willing to buy gas guzzlers and more people are just not buying new cars at all. The oil companies continue to make obscene profits at the expense of the rest of us. Why not take that $14.6 billion that the industry made last year and use part of that to shore up the big three? These industries need each other!

Christine Kurihara of CA 6:20PM November 24, 2008