OMNIVOROUS FROG
EOG Master
The more time that passes, the worse it looks. I see why he was in a big hurry. It is now carry the derisive tag, "The 800 Billion Dollar Mistake." Economists are coming out in force against it. Even took a full page ad in the NY Times stating thier opposition. Strange how both Obama and Biden said every economist they spoke with was in favor of it. The concerns are the same as mine. Almost no monies are going where needed. Not enough to create jobs, and close to nothing to help housing market to get back on track. It looks like a mistake. And it will near 900 billion as it stands.
Last time I checked we are ten trillion dollars in debt. That is a "T". As in trillions. If every American taxpayer donated $35,000, it will still be there. So now we are going to make this year another couple of trillion worse. Two of the largest banks in the land are on the brink of failure. That could require several more Trillion, since they are FDIC. Who is going to bail the US out, after they are done bailing everyone else out?
The 200 that signed the NY Times are some of the brightest economists in our country, including a Nobel Prize winner, for you guessed it, economics. Hardly bipartisan politics. This money is not going to stimulate anything other than make Obama look good to the big money backers that got him elected by rewarding them. And putting our country into debt for maybe four generations. We cannot sustain trillion dollar deficits. Yet Obama says, we will have them for some time. Who's counting? Not him, trillion dollar deficits are a way of life for his government.
And how is the previous money being spent? We all saw the CEO's of the Big three up on Capitol Hill begging for bailout money. Assuring us they were going to reinvest in America and keep the jobs here we need badly. Now GM announces they are investing 1 billion of our taxpayer monies in Brazil, to avoid American problems. They lied, our politicians lied, and we get caught holding the bill, to help Brazil. While our country, possibily even posters here lose thir jobs so some Brazilian can have a good life. Why don't they just spit in our faces and laugh. I'm ready to take off my shoes and start throwing them.
Many are saying scrap the entire bill. Rewrite it to stimulate housing, construction, infrastructure. Create jobs, here. Sort of like Americans thought it would be. It isn't. This money will go to every fat cat, wall street banker, and Obama supporter that needs a huge bonus. The taxpayers that bankroll it get squat. Now that the bill has been studied carefully, and the economists have come out in force denouncing it, public support has eroded rapidly. Now down to 40%, and dropping. It's got to the point they can't even get an economist to come out and say it is good, as they don't want to look incompetent supporting a nightmare piece of legislation. Just another couple trillion dollar deficit this year, but who's counting?
Best Wishes...OF :+waving-5
Last time I checked we are ten trillion dollars in debt. That is a "T". As in trillions. If every American taxpayer donated $35,000, it will still be there. So now we are going to make this year another couple of trillion worse. Two of the largest banks in the land are on the brink of failure. That could require several more Trillion, since they are FDIC. Who is going to bail the US out, after they are done bailing everyone else out?
The 200 that signed the NY Times are some of the brightest economists in our country, including a Nobel Prize winner, for you guessed it, economics. Hardly bipartisan politics. This money is not going to stimulate anything other than make Obama look good to the big money backers that got him elected by rewarding them. And putting our country into debt for maybe four generations. We cannot sustain trillion dollar deficits. Yet Obama says, we will have them for some time. Who's counting? Not him, trillion dollar deficits are a way of life for his government.
And how is the previous money being spent? We all saw the CEO's of the Big three up on Capitol Hill begging for bailout money. Assuring us they were going to reinvest in America and keep the jobs here we need badly. Now GM announces they are investing 1 billion of our taxpayer monies in Brazil, to avoid American problems. They lied, our politicians lied, and we get caught holding the bill, to help Brazil. While our country, possibily even posters here lose thir jobs so some Brazilian can have a good life. Why don't they just spit in our faces and laugh. I'm ready to take off my shoes and start throwing them.
Many are saying scrap the entire bill. Rewrite it to stimulate housing, construction, infrastructure. Create jobs, here. Sort of like Americans thought it would be. It isn't. This money will go to every fat cat, wall street banker, and Obama supporter that needs a huge bonus. The taxpayers that bankroll it get squat. Now that the bill has been studied carefully, and the economists have come out in force denouncing it, public support has eroded rapidly. Now down to 40%, and dropping. It's got to the point they can't even get an economist to come out and say it is good, as they don't want to look incompetent supporting a nightmare piece of legislation. Just another couple trillion dollar deficit this year, but who's counting?
Best Wishes...OF :+waving-5
