Obama Stimulus Plan: Another Vote Against

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This man is spending so much money to bring him into to this presidency and it is all because he is black. Who really cares because he will bring this country down worse than Bush ever could. He will not fulfill his promises to his followers because he cannot and never could. He said to his "people" what they wanted to hear. And they believed him. Kind of like the Clinton followers. Which he was a disgrace with his oval office activites. What a person to look up to and that stupid wife of his still puts up with him..... Go figure! All I have to say is you demos that have trusted in this idiot and his sidekick... we shall talk about this maybe a year later. George Bush might not look so bad compared to the choice you have made. So...wait about a year before you bad mouth me. You dems are in for a big surprise about the man you president.
God Bless and help us all with the great Obama!

SUSAN E.TURNER of CA 11:27PM January 18, 2009

I'm opposed to all bailouts, but if we're going to spend another $500 to $1,000 billion, this seems like a more creative plan than the boondoggle Obama is offering. Hopefully the economists on his team will win out over the dilettante president and we'll get something based on something other than politics and failed Keynesianism.
I'm not clear what a temporary cessation of the capital gains tax would accomplish, however. That's a terribly narrow timeframe for meaningful investment and, unlike past cuts in the capital gains rate, wouldn't have the politically attractive side benefit of increased tax revenue to the government. I suppose it would allow investors to move their money from poor investments to much more promising ones, without triggering a tax event, but I wonder how many people have actual capital GAINS to worry about at this time.
I wonder if it wouldn't be a better idea to increase the maximum allowable capital loss write-off from the current $3,000 per year level to something like $15,000 per year.

Dean of MN 3:52PM December 03, 2008

quote:once we get people (get people)get it with lower mortgage payments,they will spend again .wrong what will they spend it with no jobs. their looks? please look at the root of the problem folks.it dosnt matter how low the payments go its not going to help without jobs. i say cut out the freetrade bring our jobs back and let the foreign countries worrie about themselves.they didnt worrie about us when they was takeing all of our jobs away.lets not cover up our problems with stimulus and bailouts.tell me how a 300 dollar stimulus check will free up this mess were in.when each family spends it up within days because of high prices.then what?were right back to square 1 why cant all of these over educated idiots see this isnt going to work.it dont take a rocket scientist to figure this out .

jhughes of TN 11:47AM December 03, 2008

Glad to see someone else is pushing the "lower mortgage rates" agenda. I found this site www.everymanplan.com hit the nail on the head. Once we get people with lower mortgage payments, they will spend again

Bii in Chicago of IL 10:27AM December 03, 2008

There is not such a thing as cutting the capital gains tax rate to zero for two years. You would never be able politically to re-institute it at all---which is the goal of these advocates. Only the people who still have capital gains (the very rich) give a darn about this and THEY and their gains are the source of the very revenue needed to offset 21st Century deficits.
Who're ya gonna tax? Joe the (supposedly) working Plumber? I say tax the traders' games of capital gains more and tax work less.

of 10:19AM December 03, 2008