Originally posted by marg6043
Why Obama stimulus will not work
I think it depends on what you mean by "work"... It will not work to do what? If you're saying it's not going to fix everything and send our economy into a fast recovery and everything will be bright and shiny by the end of the year, then I agree. It's not going to work to do that. NOTHING will work to do that. The damage is done. There's nothing we can do to stop a great recession that's coming our way. NOTHING.
But if by "work", you mean it will prevent devastating and permanent economic ruin, I'm not sure I agree with you. IF Obama uses the money as he says he will (along with all his other plans), I believe he will be able to prevent total economic ruin. We will come back out of it. It might take a few years, but we will get there. Without it, we fall off the cliff. People starve, die and possibly start killing each other for food.
So yes we are just piling more debt on top of more debt with no end on side for years to come.
Yes. It's true, With the wars and stimulus packages and bailouts, our children's children will be paying back this debt. What is the alternative? I mean now.
I tell you they are going to finish selling America to one very rich entities that hide behind the Rich Arabs world, they are the ones that will be finacing our debt.
Nice conspiracy theory. I don't buy it, but it's scary.
What do you think should be done?



