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Originally Posted by Stab-o-Matic5000
While I agree that the stimulus checks given out to individual people don't really have an effect, however, government spending on necessary things is good for the economy, even if it is deficit spending. As long as the money is spent in America on American goods and services, it can have a positive effect.
All that said, as the bill was written, I really don't blame Republicans for voting against it. There was a bunch of stuff in there that was just was just completely worthless. Here's my FAVORITE:
Michelle Malkin Stimulus stupidity alert: $75 million for smoking cessation
**** you, Nancy Pelosi. |
Thank you Stab-O! If in 4 years Obama is out and a conservative is in power, I'm not going to support their "emergency stimulus" packed full of stuff that I probably agree with either. It's good to see people that realize this is a lot bigger than Obama.
About the actual stimulus package. This is the best idea I've ever read. Adopting something similar to this would make Obama the most popular President in 100 years:
http://online.wsj.com/article/SB123318906638926749.html
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Fifty-three percent of American voters voted for Barack Obama; 46% voted for John McCain, and 1% voted for wackos. Give that 1% to President Obama. Let's say the vote was 54% to 46%. As a way to bring the country together and at the same time determine the most effective way to deal with recessions, under the Obama-Limbaugh Stimulus Plan of 2009: 54% of the $900 billion -- $486 billion -- will be spent on infrastructure and pork as defined by Mr. Obama and the Democrats; 46% -- $414 billion -- will be directed toward tax cuts, as determined by me.
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I say, cut the U.S. corporate tax rate -- at 35%, among the highest of all industrialized nations -- in half. Suspend the capital gains tax for a year to incentivize new investment, after which it would be reimposed at 10%. Then get out of the way! Once Wall Street starts ticking up 500 points a day, the rest of the private sector will follow. There's no reason to tell the American people their future is bleak. There's no reason, as the administration is doing, to depress their hopes. There's no reason to insist that recovery can't happen quickly, because it can.
In this new era of responsibility, let's use both Keynesians and supply-siders to responsibly determine which theory best stimulates our economy -- and if elements of both work, so much the better. The American people are made up of Republicans, Democrats, independents and moderates, but our economy doesn't know the difference. This is about jobs now.
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