Comments on: Obama Stimulus Plan: Keep it Under a Trillion http://blog.hsh.com/index.php/2008/12/obama-stimulus-plan-keep-it-under-a-trillion/ Things you should know about consumer news and finance. Thu, 09 Feb 2012 13:21:21 -0800 http://wordpress.org/?v=2.8.5 hourly 1 By: Tim Manni http://blog.hsh.com/index.php/2008/12/obama-stimulus-plan-keep-it-under-a-trillion/comment-page-1/#comment-2896 Tim Manni Mon, 02 Feb 2009 15:44:16 +0000 http://blog.hsh.com/?p=1760#comment-2896 David, Thanks for your comment. I agree that in a few months voters will have forgotten about the old president and past mistakes. All responsibility and accountability, past and present, falls onto the new man in charge. You raised another good point: when do we reach the crossroads of having spent so much, that we can't afford anymore bailouts or stimulus packages? This is just another link in the long chain of scenarios that is out of consumers' control. I'll tell you what, the stark divide in the House vote scares me. Political affiliations aside, a legislation that gets ZERO support from one side has to be flawed...There needs to be some compromise of how to achieve the common goal. Thanks, and always good to read your comments, Tim David,

Thanks for your comment. I agree that in a few months voters will have forgotten about the old president and past mistakes. All responsibility and accountability, past and present, falls onto the new man in charge.

You raised another good point: when do we reach the crossroads of having spent so much, that we can’t afford anymore bailouts or stimulus packages? This is just another link in the long chain of scenarios that is out of consumers’ control. I’ll tell you what, the stark divide in the House vote scares me. Political affiliations aside, a legislation that gets ZERO support from one side has to be flawed…There needs to be some compromise of how to achieve the common goal.

Thanks, and always good to read your comments,
Tim

]]> By: David Dzidzikashvili http://blog.hsh.com/index.php/2008/12/obama-stimulus-plan-keep-it-under-a-trillion/comment-page-1/#comment-2864 David Dzidzikashvili Sat, 31 Jan 2009 01:26:28 +0000 http://blog.hsh.com/?p=1760#comment-2864 Obama administration needs to realize that in several months economic crisis and soaring deficit will be solely his administration’s and his party’s problem, so for any previous or future mistakes he’ll have to take the blame. Two-three months from now nobody will remember Bush’s policies and the Democrats have to be more careful on the long-term effects of massive spending. If the new stimulus fails, just like the past one, then this will balloon into Obama’s first political problem. We have to also realize, that on the long-term we won’t be able to afford more bailouts and there has to be alternative solutions, since we are passing the trillion Dollar deficit boundary. Printing more money can be utilized as short-term tool, but on the long run it will devastate economy. Something needs to be done immediately, but more regulation & spending does not seem to be a logical answer, we need another alternative solution. Maybe we should take pure libertarian approach and let the free market decide who wins or loses? This will cause social unrest and chaos, so as a society we can not afford this option either. Maybe we’ve killed the goose that laid eggs for us? Obama administration needs to realize that in several months economic crisis and soaring deficit will be solely his administration’s and his party’s problem, so for any previous or future mistakes he’ll have to take the blame. Two-three months from now nobody will remember Bush’s policies and the Democrats have to be more careful on the long-term effects of massive spending. If the new stimulus fails, just like the past one, then this will balloon into Obama’s first political problem. We have to also realize, that on the long-term we won’t be able to afford more bailouts and there has to be alternative solutions, since we are passing the trillion Dollar deficit boundary. Printing more money can be utilized as short-term tool, but on the long run it will devastate economy. Something needs to be done immediately, but more regulation & spending does not seem to be a logical answer, we need another alternative solution. Maybe we should take pure libertarian approach and let the free market decide who wins or loses? This will cause social unrest and chaos, so as a society we can not afford this option either. Maybe we’ve killed the goose that laid eggs for us?

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