Not only unbiased, its just a stupid assertion. So the part of Congress in which the majority party can pass whatever it wants passed more bills than the other house that has faced unprecedented fillabusters? What a shocker.
I thought the first stimulus package should have gone for infrastructure repair, etc, as that puts people back to work and fixes other problems at the same time. That being said, I will reserve opinion until the details on paying for this. These days, politicians talk about $450 billion as though it is Monopoly money. That is how we got in this mess in the first place.
In all fairness, most of the infrastructure projects that the states pay for include pothole filling and building new roads and repaving surface streets. I would imagine that the state of Texas has not repaired a deteriorating bridge in ages. Also, a lot of the insolvency problem for Fannie and Freddie is due to a large slash in the capitalization requirements for the GSA's singed by - you guessed it - George W. Bush.
Hey, idiot. Why don't YOU try reading the article, which clearly states that we need to stimulate demand far more than we need tax cuts.
Wealth Transfer is only good when it goes from the Poor to the Wealthy. Using the Government as a giant Money Laundering Scheme. . . to funnel Tax dollars into the pockets of the mega rich via corporations etc. . . that is good! That is good for America! Government Hiring Americans to build ditches at 12$/hr is bad Hiring a Corporations to build ditches so they can hire Americans at 7$/hr and only hire half as many people and the project take 4 times as long and cost 8 times as much . . .see . . that is GOOD FOR AMERICA!! Wealth transfer from poor to rich is they way to go!! Wealth transfer from rich to poor . . . .well that is just ridiculous Rocket River
*sigh* I thought it was about helping Americans but it is not . . . it is about gamesmanship It is about winning and losing seats The American people are just pawns to be used in a Game of Thrones Doing what is right is not a consideration helping people is not a consideration HOW CAN I WIN THE NEXT ELECTION . . that is all that matters and THAT . . is what has gotten us into this mess Rocket River
No real transfer since the poor are poor and they have no wealth. The problem is more that social mobility is being curtailed.
There is no bill that gov't can pass that will create jobs and fix our long-term problem. Yes we need stimulus - not to create jobs but to prevent a recession, that's about all gov't can do right now - is triage. The bottom line is that it is going to take 5 years or more for the middle class to recover the wealth it lost in the housing collapse. they got fleeced and won't be spending for a long time.
Nonono, see you don't get it. The wealth that the mega rich have will eventually make it's way back down to the common folk...you might say, it will trickle down.
A bunch of idiots sold complex financial instruments destined to fail, left their 50:1 leverage banks to burn, and left with their salaries, head held high. Then their companies got a bailout that was more in real dollars than what America spent on WW2. hmm, yeah, I don't see the middle class getting screwed anywhere.
You are joking right? The middle class totally got fleeced and still get fleeced everyday. Why do you think the middle class is shrinking in America? American gov't loves to take from the powerless middle class which collectively used to have a decent amount of wealth and give it to the wealthy and foreign countries. It's pretty sick form of redistribution that has been going on.
how is it how "we got in this mess in the first place" - there is literally no empirical evidence whatsoever to support the thesis that government spending caused a slowdown in demand...aka "spending", and it's not a hard case to make - can you support the thesis that government spending caused a massive demand drop/contraction at all?
Right but how were they fleeced by the housing collapse? No money down government backed toxic loans combined with Greenspan easy money low interest rates inflated the demand for housing, raising the price of homes. Fleece implies fraud of some kind, but homes were being priced according to a government-distorted market.
