disenchantedcitizen says: Sure just keep throwing money at the problem since we have ‘proof’ that it works so well. Abraham Maslow said, "If the only tool you have is a hammer, you tend to see every problem as a nail." The government has spent almost one trillion dollars trying to stimulate the economy. That's one expensive hammer. How exactly are they planning to stimulate the economy this time? First, is to extend unemployment benefits. Secondly, they will extend a tax credit for first time home buyers. Finally, the Associated Press reports a possible extension of subsidies for COBRA. I think it is high time that Congress roll up their sleeves and actually work out a successful method instead of repeating their lazy-man’s-mistakes of the past. The most logical stimulation plan is one that would allow business to produce and trade without government interference. This would free the government to do what it was intended to do, namely, protect its citizens rights as laid out in the constitution. Another stimulus is neither a good, nor a bad idea, per se; it just needs to be done properly. They need to stimulate the economy from the bottom up, instead of the top down. Give the people that need it the most the money to weather the depression, to be able to buy the things they need, creating more jobs for those who provide those daily necessities. Forget about the big guys; they've already shown clearly that they can more than take care of themselves. This is not saying they should do another stimulus, but if they do, it should go to the bottom 2/3 of income earners exclusively. Let the wealth flow upwards, as it does naturally, instead of expecting it to irrationally flow downwards when you make the rich richer. |
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