Dem Leader: Obama Stimulus Package is Too Small

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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

Obama’s stimulus plan should also envision changing regulations & economic policies to have short-term & long-term effects on unemployment, middle-class and the market stability. Strengthening the middle class and creating more job opportunities should be the primary objective of the package, rather than handing the blank check to the Wall Street and failed big corporations.

David Dzidzikashvili of MA 4:49PM January 23, 2009

We're there already.

Michele of PA 11:37PM January 22, 2009

Tax cuts retard the economy, rather than stimulating it. The historical record is abundantly clear on that one.
People aren't spending because they are afraid of losing their jobs, if they haven't already lost their jobs. Public Works, including public transportation, provides direct job creation. There are plenty of public works projects that have been waiting for funding for years, if not decades. Work could begin on them within weeks.
Congress should shift all the tax cuts to a public works renewal program that actually will stimulate the economy.

Tom of NY 8:37PM January 20, 2009

Yes we can...go broke.

Josh of GA 11:16AM January 16, 2009

It's not worth it.

Joe C. of VA 8:17PM January 15, 2009

The tax cuts of 2001 and 2003 did not do anything to avert this mess. No reason to think that part of package will fix much this time either.
We need demand-side stimulus, not supply-side. And we need to still have enough tax revenue to not soon be seen in the world as a naive and bankrupt teetering giant.

of 4:31PM January 15, 2009

"Will it hit $1 trillion? Take the over, my friends."
I will take the over. Once you add in the release of the remaining TARP funds (which will inevitably happen) you are well in excess of $1 trillion.
The other nugget in this story is that the Democrats trimmed the tax cut proposed by Obama by nearly 10% to 275 billion. Fun Stuff
http://ultimaratioliberarum.blogspot.com/

Adam Smith of NY 4:22PM January 15, 2009