Capital Commerce

Dem Leader: Obama Stimulus Package is Too Small

January 15, 2009 RSS Feed Print

David Obey, Democrat chairman of the House Appropriations Commitee, on the $825 billion stimulus spending package: "This represents the largest effort by any legislative body in the world to take government action to prevent economic catastrophe and even that may be insufficient aloneThis product may undershoot the mark."

Me: Will it hit $1 trillion? Take the over, my friends.

« Previous Post Next Post »

Reader Comments Read all comments (10)

Add Your Thoughts Comment Name State Email

Please enter the two words below into the text field underneath the image.

Your comment will be posted immediately, unless it is spam or contains profanity. For more information, please see our Comments FAQ.

+1

soundtracks of AL 5:40AM July 17, 2009

I don't understand why there is an income limit on the First Time Homebuyer Tax Credit for 2009. Isn't the idea to get any and all eligible and qualified potential homebuyers into this daunting real estate market? Wouldn't that really take action on the root cause of this economic crisis? To me it seems like Obama and Congress are going out of their way to make sure that the 'wealthy' don't receive any benefits from this package.

Jay of NJ 10:03PM February 25, 2009

We should have a stimulus if any of minimal interest loans of say 5 years segregated by functional areas to decrease Fraud, Waste and Abuse issues. Why not tell Treasury here's $XXXM to refi mortgages, $XXXM to provide capital for lending, $XXXM for operating expenses, etc... instead of a $trillion free-for-all with no payback nor end in sight. Any business which cannot survive on say a 5 year 1% loan for their recovery needs requires a bancruptcy lawyer not a stimulus!!! Parceling out any money will also provide a better method to track success and/or failure of the plan.

Ray Fisher of NM 11:15AM February 01, 2009

Dem Leader: Obama Stimulus Package is Too Small

Reader Comments Read all comments (10)

Capital Commerce

Subscribe

Editor's Picks