Like it or not, here comes more stimulus, page 1

Like it or not, here comes more stimulus

money.cnn.com

NEW YORK (CNNMoney.com) -- You won't see it all in one neat package. And you won't hear the White House call it stimulus.

But there's a good chance lawmakers will decide to extend some of the stimulus measures included in the $787 billion economic recovery package passed in February and possibly create some new ones as well.

(visit the link for the full news article)

Now it is time to be sneaky. No more of the whole letting the public know what is going to be spent on this fruitless effort to revive our nation's economy. Not that they ever really asked the people what they thought and then took what was said into consideration.

Our government has created a black hole of debt that will never cease growing. This debt will be inherited by our children's grandchildren.

We have to stop spending money that isn't there to spend. In order to recover we must first create an economy based on exports instead of this consumer driven economy that we are trying to keep a float.

NO MORE BAILOUTS, NO MORE STIMULUS.

THE DEBT MUST STOP.

money.cnn.com
(visit the link for the full news article)

reply to post by radio_for_peace

---

Well, I dont see your assessment fair at all. Joe Biden talked openly, but it was a downright lie. We wouldn't mind if it all actually worked but why the hell are we gonna spend a crap load more money if it's not gonna do a damn thing.

reply to post by kingoftheworld

---

So you don't think we're in a depression? If we calculated unemployment like we did during the depression, we'd be worse off.


finance.yahoo.com...

The stock market today is behaving in a lot of ways similar to the Great Depression. We've even rebounded to about a 30% loss from the highs just like the start of the great depression did.

www.motherjones.com...

Credit is still contracting, shipping is still tight according to the baltic index....I see more and more people asking for hand-outs in some form. Suicide and depression are getting higher among middle-class and low-income. I just don't see Biden's analysis as wrong.

The dollar is still at its lows...

Not that I'm favor of it, but that's why the government will continue the stimulus package and continue to print money and maintain a huge deficit. Maybe you think the economy is fixed because the dow is over 10k...

[edit on 21-10-2009 by radio_for_peace]

reply to post by nixie_nox

---

Thanks for making me laugh, in disbelief. Whatever your on it must be powerful.

---

Originally posted by prettyflowers
how can people be so stupid and divided? i am beyond trying to explain what my opinion is about things like this. i just can't believe how stupid poeple have become.

The definition of insanity is doing the same things over and over expecting different results! So the people are not only stupid, but insane.

To legitimately invoke the commerce power, Congress must show not only that a federal program is necessary, but also that it is proper-that is, the program does not violate other foundational principles, such as federalism, separation of powers, and limited government. Congress has not made that showing.

Indeed, the bailout quite clearly violates the Constitution's separation-of-powers principle-in particular, what has become known as the nondelegation doctrine, which states that Congress may not delegate its legislative power to any other entity, including the Cabinet departments of the executive branch. Article I, section 1 of the Constitution states, "All legislative Powers ... shall be vested in a Congress." A plain reading of that text shows that lawmaking is for the legislative branch, which does not include the Treasury Department. Yet when Congress authorized the bailout package, it gave Secretary Henry Paul son Jr. unprecedented power to act as a super-legislature.

www.cato.org...



[edit on 21-10-2009 by burntheships]

reply to post by nixie_nox

---

And what action exactly are they taking to prevent a "jobless recovery"..? By the way there is no such thing as a "jobless recovery", what that would entail is that the rich stay rich and the poor get poorer. Recovery will only come when jobs come back to the US. Currently US companies are outsourcing even more to other countries. Please explain how you came to your conclusion.

reply to post by burntheships

---

A plain reading of that text shows that lawmaking is for the legislative branch, which does not include the Treasury Department.
Yet when Congress authorized the bailout package, it gave Secretary Henry Paul son Jr. unprecedented power to act as a super-legislature.

good points, but just a mite off IMHO...

the Treas. Govt. FED... were all reacting to Preserve the rules of trade/commerce/contact law...so that the rest-of-the-world would not jump ship and have the idea that our financial products were questionable or even worse 'worthless'.

the Govt entities enlarged the promise that all USA debts/obligations were backed by the 'Full Faith and Surity of the US government' to actually include the fraudulent bonds and other questionable mortgage derivatives that caused the global crisis.

Or else all trust & faith in the reserve-currency & petro dollar would have evaporated all-at-once.... the whispered theme is that the USAs economic hegemony has been busted, trust is both slow & tentative.... escape (from USD & other financial paper) has to be carefully orchestrated at the least possible harm.

USDA Forces Whole Foods To Accept Monsanto
  Posted 10 days ago with 99 member flags

India to pay gold instead of dollars for Iranian oil. Oil and gold markets stunned
  Posted 19 days ago with 95 member flags

Greece wipes out Citizens Debt!! Tells Bankers to suck it
  Posted 11 days ago with 78 member flags

The Collapse of The American Dream Explained in Animation
  Posted 18 days ago with 53 member flags

Proponents of Gold Standard May Be Violent Extremists; Report ALL Suspicious Activity To the FBI
  Posted 3 days ago with 44 member flags

Obama on the verge of a deal with the banks
  Posted 16 days ago with 23 member flags

EU financial dictatorship agreed to by EU ministers last night
  Posted 18 days ago with 17 member flags

Bankers requesting that Greece become their debt slaves
  Posted 14 days ago with 15 member flags

Newest topics, updated in real-time:

Newest topics getting flags, in real-time:

Newest topics getting replies, in real-time: