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Thread: Understanding the Stimulus Bill
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02-20-09, 09:23 AM #11
Re: Understanding the Stimulus Bill
Originally Posted by CivilWars
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02-20-09, 09:26 AM #12
Re: Understanding the Stimulus Bill
These projects will create jobs for next few years. Perhaps after new routes are being used new businesses will open along them to take advantage of the traffic? Maybe things will just be "better" by then? Maybe the money saved in gas and free time will be spent on other local businesses who will have to hire more workers? Maybe the people who worked on these projects will now have more skills to move them into better positions allowing other people to come up up and new workers to come in?
I could coming up with maybes... that is the only issue: They are all maybes, and any economic fix will be a maybe. We all just have to try hard to make things work and have faith in the American spirit that we will turn this around, and not only fix our economy but rise up to the top again in terms of science and engineering. Which, as it turns out, are another maybe as we build all these modern (green) infrastructure projects.
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02-20-09, 09:29 AM #13
Re: Understanding the Stimulus Bill
here is something that explains how even the news feals about this thing
http://www.youtube.com/watch?v=jiCOb...eature=related
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02-20-09, 09:30 AM #15
Re: Understanding the Stimulus Bill
Here's the deal...Obama and his people have their heart in the right place but they are going about it all wrong. They have concentrated their efforts on giving tax dollars to those who have proven themselves to be irresponsible with money.
The fix is to go after people who want to work! JOBS!
The infrastructure portion of the stimulus is the only part that comes close to satisfing this need. Unfortunately, this part of the stimulus only accounts for 25% of the money.
I could go on forever but why bother? We have taxation without representation.
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02-20-09, 09:35 AM #17Re: Understanding the Stimulus Bill
I feel the initial stimulus, targeted at lenders, was the correct concept, but the execution failed. The government assumed that if they gave banks truckloads of money they would in turn give it to businesses, home buyers, home builders, etc. Then these businesses would buy and sell products and deliver services, thus creating more jobs, etc. The problem was the government failed to account for the greed of the bankers that was already evident, and all most of them did was put the money in their vaults for a rainy day, or buy up their weaker step children. This means virtually none of the money reached its intended recipient, the mom and pop businesses that keep the economy churning.
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02-20-09, 09:36 AM #18
Re: Understanding the Stimulus Bill
Originally Posted by Firedog911
Everything we are slated for in Portland is infrastructure. It is all useful stuff that we have been needing to get done. The items in the stimulus package for specific states were picked by the governmental bodies of those states, correct? At least I can take faith in the fact that my state is picking some pretty useful items.
Just curious: Who are they giving it to that has been irresponsible? I saw the last stimulous package go to companies that failed because of their greed and short sightedness. And it was largely those mega corporations, coupled with our expensive war, that have led to the pit we are in now. This new money is going to local state government, correct?
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02-20-09, 09:38 AM #19
Re: Understanding the Stimulus Bill
Originally Posted by Firedog911
Also, as someone else mentioned, not ALL of the jobs produced are temporary, some are PERMANENT.
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02-20-09, 09:42 AM #20
Re: Understanding the Stimulus Bill
Originally Posted by SoySoldier
Why does the state government need money? I thought that is why we pay taxes... oh wait, it is because government spends irresponsibly and is in debt. Seems like a vicious cycle to me. Where are all the cuts in government to save money? All I see is spending to fix a hole, not rebuild a dam.
Not all the jobs are temporary it is true, but all the construction work created by most of the infrastructure projects are. If you have ever worked construction you know how much of a seasonal thing it can be sometimes.
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