Obama's stimulus plan did work almost, had he included in the stimulus the plan what he proposed last night, it would have worked. The stimulus caused the economy to start recovery, manufacturers were starting to hire, business was starting to pick up, and this was directly caused by the stimulus. The problem it was too little, too late, and the positive attitude of the public was stopped by the Republicans wanting Obama's ass and not caring about the Economy.
Again, this time, it may be too little too late. There is one factor that didn't happen during the last recession that it still alive and growing. Big business has more spare cash today than ever before in history. With over a Trillion dollars sitting in Corporates mattress and not being spent, invested, just sitting there, there is no possibility of new employment and new jobs. There is some kind of ratio sumething as for every new job created there is over $100,000.00 placed into the economic speedway for turning over the dollar. This isn't happening, and we need to make it happen.
Perhaps it should be said, if the TEA (Republicans) party continues to resist any change it is inevitable a crash of our economy will make the depression of the 30's seem like a pleasant joke. Yes, then, Republicans will have the Presidency during the time they start shooting our citizens because thay can't put food on the table unless it is stolen.
in a fiat monetary system bailouts, stimulus packages and QE(quantitative easing) does not and never will help it only adds to the pain. we are over burden by our debt with no sign of slowing the spending machine. stimulus ,bailouts and QE's only cause more debt and more inflation. every time they print or release more currency into the system they add inflation which is really devaluation of the current dollars in circulation, which means it takes more dollars(inflation) to buy the same things bought before the print or release of currency. What we need is spending cuts(not just welfare and medicare but cuts in foreign policy, the war machine, corporate welfare useless departments(departments that are failing, departments like education, FEMA, DEA, ATF, federal reserve, IRS, etc, etc) and revamping the ones that could work! and last but not least, return our manufacturing by repealing the NAFTA's and free trade deals!!!!!!
here's a video about this very subject don't be fooled by the animation this is fact based information and 100% true!!!!the American dream! and here is the interview of one of the producers- How "the fed" scammed you: tad lumpkin- the american dream producer
one question: why would a country pay interest on their currency when they have the power to print their own currency INTEREST-FREE??????????????????????
