Obama and Congress: second stimulus package of between $300 billion and $500 billion

Because without GM my area would die and I would no longer be able to do anything online.

 

The president is powerless now? Has been for 2 years? So why are you talking about Obama? Because it really sounds to me like you're saying the President has nothing to do with this while blaming it on the president.

 

Anyone want to bet on when AIG's THIRD ROUND OF FUNDING WILL BE?

I've got it all wrong, I should start failing and sit back and let the Government bail me out.

The best thing anyone can do no, is let the auto industry tank. Let the insurance industry go poop. And tell the banks, there's no more cash.

At some point you have to stop the bleeding.

 

I was reading in my local paper yesterday that now they want to put the money towards roads and bridges instead of sending out stimulus checks.

The government says they sent out about $70 BILLION and people only actually put $12 BILLION of that back into the economy, so it didn't have the effect they wanted.

So their thinking now supposedly is that if they built roads and bridges to the stores, people will spend.

Don't know which choice sounds worse....

 

You believe those numbers Firegirl?

You believe there is $58 BILLION under mattresses all across America? Or do you believe they either spent it or put in savings. Either way it's "back out into the economy".

Not only are banks are part of the economy but banks don't just sit on money. They invest it into the market and try to make more money off it while paying you interest (but taking it back by charging you "service fees").

So I'd suppose the real question here is wtf did the banks do with the supposed $58 BILLION everyone put into their accounts?

 

From what I read, they said the rest went to pay off debt or into savings.

And I never said I believed those numbers, just passing on what I read as a tidbit for debate. You have a tendency to read way more into people's posts than actually necessary. You always try to give me an opinion when I'm actually trying to refrain from one so I don't sway the debate. Good job!

 

The bailout did do some effects on the stock, indices, and also the forex market
But i do curious, where does the US govenment got such big bailout for those troubled assets.

is it from taxes?because if it is, then it might git some doubts..

But what if the gov didn't show some generousity to bail out those troubled assets?
is it going to get worse? or is it going to get as much as today it was? i mean, what wisdomtool said do got a point, instead of saving the all time troubled assets, why don't the bailout plan was given to those which is going to bloom sooner or later? so that it could create some ripple effects to comprehend such as the BIGGER problems?

 

Actually my only intent was to discredit those numbers with simple reasoning. Perhaps you were reading too much into mine? My "tendencies" vs what I actually did here are 2 different things.

You have now stated yourself that you only wanted to inject those numbers into the discussion. Fair enough, but the point being that incorrect or even unintentionally misleading numbers will always be subject to being disproven.

I asked the question and I just got my answer. Good for you, but it begs the question that if you yourself don't even believe the numbers to be credible, how are they relevant?

Now do you see why I asked the question?

 

Something is gonna be done with Auto makers like GM. I think that is a definite high priority. The Auto Makers are key to a economy looking for energy independence. If our Auto companies get bought out by Foreign investors, there goes our plan to to get off our dependence of oil.

 

HA... If that were the case they would have done so by now.

I have a simple solution to that farce. I've said this before at DP, and will say it again.

Pass legislation that requires all Auto Makers selling cars in the US that they have 6 months to come up with cars that get 100MPG. If they do not, they cannot sell automobiles in the US, until they do.

This includes both US and foreign automakers.

As for government help? If we are going to reward automakers for bad behavior what exactly are we buying with our tax dollars? Make that assistance conditional upon reaching that goal I outlined above. 6 months, PERIOD.

Do keep in mind that labor has a lot to do with the cost of manufacturing automobiles. Why do you think they send jobs overseas or outsource? You simply cannot sell a cheap car to a public that wants low cost goods, while at the same time that very consumer insists on being overpaid for under or uneducated work.

 

How about we stop using oil in our vehicles all together except in commericial vehicles? I drive a car that runs on CNG. I fill it up regularly, it costs me $0.90 per gallon to fill it up. Hybrids are not the answer to fixing our oil problems. Technology is there (despite what some people might think) and popularity is growing. We need politicians to get behind it though.

 

I looked at CNG, even bought a conversion kit. Problem where I am, there is no place to get it. So do I waste 10 times what I spent on the kit to get my own CNG filling station at home? Not worth it.

With Gas still relatively cheap to produce, its kinda hard to get people motivated towards alternatives that cost even more.

 

Yeah, thats why we need politicians involved. Here in Oklahoma the filling stations are limited too. Luckily I have one just a mile or so from where I work and then another one near my house. Most people aren't so lucky though. This is why we need politicians to get involved. We need more vehicles produced by manufacturers, and we need to give gas stations incentives to start offering CNG.

My dad has a fuelmaker at his house. I think it costs about $2K to get setup with one of those. It is slow filling but thats not really a problem if you just fill it up overnight.

 

The one I looked at was like $14k. I saw some guy talking about having portable nuclear reactors underground at your home in like 5 years. I'd love to have my own nuke. I still think nuclear cars are the way too go!

 

Hmmm, you might check into the brand called "FuelMaker". I'd imagine they are much less expensive. They work good too. We'll see, I think we're both in agreement that something needs to be done!

 

Or we can pull a law that says it hast to be assembled in the US in order to be SOLD in the US.

 

What about stopping this useless war in Iraq and spend the money here?

How much cost the war in Iraq? 80 billions/month?
4 years of Obama X 12 month = umm...48 months...by 8...484, right?...a zero behind...umm...4,840... in billions...ummm...4 trillions 840 billions in Americans pockets...

 

If this doesn't give you a headache nothing will.

http://www.reuters.com/article/newsOne/idUSTRE4A92FM20081110

 

Dang it, one bailout is excessive, two is overkill and three is a freakin rip off, why should I have to bail them out over and over and over cause they have no organization amongst themselves where the money goes.

 

lol The corporate handouts never end do they?, what is the point of running a business properly if there no consequences of failure?