Comments on: Obama Signs Stimulus Bill: A Second In The Offing?

By: Don Quijote

Don Quijote — Wed, 18 Feb 2009 12:39:27 +0000

This is insane. We are headed towards hyper-inflation and complete economic collapse if we stay on this path.

Lets see, 46 out of 50 States are in the red, the Banking System is insolvent, the real unemployment rate is at 13.9% and the household net worth has only declined by $2.81 trillion, so lets cut some more taxes, sit back and see how long it takes before the guillotines come out.

By: DaGoat

DaGoat — Wed, 18 Feb 2009 12:28:06 +0000

I listened to the speech/signing on XM radio and it was kind of surreal to hear the cheering and jubilation over a spending bill designed to moderate a recession.

By: AustinRoth

AustinRoth — Wed, 18 Feb 2009 01:22:44 +0000

A second stimulus bill (aka Pork II). I predicted it, but even I thought they would wait at least a year to shovel more pork, bloat, entitlement spending and debt at the American taxpayer.

This is insane. We are headed towards hyper-inflation and complete economic collapse if we stay on this path. My worst 'paranoid' fears for the next 2 – 5 years are already starting to look instead like they were best-case scenarios.

By: jeburke

jeburke — Tue, 17 Feb 2009 23:44:42 +0000

Solving the banking crisis was and is the crucial step, not the stimulus, which has so much stuff that won't impact for 12 or 18 or 24 months that two or three weeks more to rol that out would hardly matter (might have made it better and curtailed some of the criticisms).

So why did they not prioritize better>? beats me, but let's hope that "take 2" of the bank plan is smart, well-thought through and designed to restore confidence, shore up banks and get credit moving.

http://thepurplecenter.blogspot.com/

By: casualobserver

casualobserver — Tue, 17 Feb 2009 23:43:26 +0000

The stock market is down because the people getting the stimulus money are now able to cover more margin call and short the market even more.

By: DLS

DLS — Tue, 17 Feb 2009 23:14:10 +0000

"A realist? Or a politician starting to cover his bases"

B.

This bill was lousy. The only real achievement was that he had something before him to sign, and signed it. The bill is bad, and why ask if there will be another bill, when obviously another one was long anticipated even before this lousy bill eventually materialized?

I just hope they learn something from the consequences of this bill as well as the experiences with getting it written and passed. As for those consequences, we'll have to sit and wait to learn and live through them.

[sigh]