Quote:
Originally Posted by BreakABone
And from what I gathered (I haven't been following this bill too closely) is that its a mix of what Democrats and Republicans want and its getting so half assed on both sides that it really won't help much.
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I agree, it won't help at all. The main points that were made in the clip above were that while proponents are rushing this bill, most of the spending in the bill doesn't take place until 2010 or beyond.
Another issue I have with it is that it creates work, not necessarily business. Government replaces jobs, it doesn't create them, and from a tax view its a "loss leader" never taking in as much as it puts out. This was the same downfall of The New Deal. Government work programs in the 30's reduced unemployment from 30% to about 15-18%, but in the end when the work was done, there was NO BUSINESS left over to keep the existing jobs or create new ones. Unemployment went back up again, peaking at almost 20% after 8 years of The New Deal. Only a world war got us out of it.
http://encarta.msn.com/media_4615461...epression.html
The "Stimulus Package" is not what it claims to be, its an attempt to transform our economy and not kick start it, and if the proponents believe that the nature of our economy needs to be transformed we should have a discussion with the true intentions of both sides clear for all to understand.
The current bill is Machiavellian in the truest sense of the word, and a HUGE political mistake now that the thin veneer has been stripped from it.