House passes $819 billion stimulus bill

[Ultimus]

http://money.cnn.com/2009/01/28/news...ex.htm?cnn=yes

brb printing money

[hublife]

Inflation FTMFW!

[all pro]

Not 1 Single Republican Voted For It!

[hublife]

Not 1 Single Republican Voted For It!

Thats because they saw what happend with the last hunk of **** stimulus plan. Were all royally f*cked now.

[icetrauma]

So much for a change in partisan politics.

[b3rtstare]

brb, calling the weimar republic and zimbabwe

[all pro]

Not 1 Single Republican Voted For It!

Thats because they saw what happend with the last hunk of **** stimulus plan. Were all royally f*cked now.

This
" Were all royally f*cked now'

[hublife]

brb, calling the weimar republic and zimbabwe

amen.

[Duckenheimer]

In before

"Oh **** it's actually 8.5 trillion: The Sequel"

[Steak_n_Taters]

So much for a change in partisan politics.

I believe Pelosi is the one with the "to the victor goes the spoils" attitude.

[dabbmw2002]

Not 1 Single Republican Voted For It!

GOOD! Can't call it a bi-partisan failure. Only one party will get the blame. Too bad Republicans didn't have this same mindset between 2000 and 2006.

[Gordon Bombay]

brb, calling the weimar republic and zimbabwe

lol



this is going to suck

[sharpshooterz98]

I hope you guys realize deflation is much more serious risk (in the here and now) than deflation. Not directed at anyone, or even the OP's post, but I'm just saying.

[dabbmw2002]

I hope you guys realize deflation is much more serious risk (in the here and now) than deflation. Not directed at anyone, or even the OP's post, but I'm just saying.

If inflation is not a problem, why not make the package 2 trillion, or 3 trillion? Actually, if this Keynesian stuff actually worked, they should probably spend twice as much money. However, it doesn't work, and eventually down the road inflation will rear it's ugly head.

[Duckenheimer]

I hope you guys realize deflation is much more serious risk (in the here and now) than deflation. Not directed at anyone, or even the OP's post, but I'm just saying.

By golly. Well, at least deflation isn't quite as bad as deflation in some ways (but it is worse in others).

[hublife]

Or we could just have hyper stagflation...

[b3rtstare]

Remember guise, Its gonna be ok...Everythings changed. We got our savior Obama. Its gonna be different this time.

[dbx]

I believe Pelosi is the one with the "to the victor goes the spoils" attitude.

QFT.

And there were even a handful of dems that voted against it. That should tell you something (those who don't have a clue as to all the BS that's in that damn package...... that doesn't have a f'cking thing to do with stimulating the economy).

They should have left the condoms as part of the package. If you've seen the bill, you'd know that we all need protection.

[icetrauma]

I believe Pelosi is the one with the "to the victor goes the spoils" attitude.

Piss on Pelosi. Time for bigger government handouts and bigger government programs to rule. So much for the alleged change.

Edit.....At least 12 Dems had the balls to say hell no!

[dbx]

Oh, and btw, the bill is over 900B as it heads to the Senate, with an already projected 300B+ in interest alone. Um...yeah, inflation is a real issue for all of us over the next few years. They simply cannot keep printing money like this without significant consequences.

[DangerDan]

This is costing 2 times the price of the cost of the war in Iraq. lulz.

[paolo59]

Now it goes to the Senate. I wonder just what will be the outcome.

[Sabatoge]

Look, infinite money

[Nagalfar]

This bill had enough pork in it to choke half the planet... these guys have lost their damn minds.. you cant fix a WORLD WIDE recession by spending money in ONE NATION, money that first you dont have, and second any fool would know that it wont work, the majority of America's business is EXPORTS, if no ones buying GUESS WHAT... a grade school kid could figure this out...

We are getting what we voted for, therefor we deserve what we get.


.

[Duckenheimer]

This bill had enough pork in it to choke half the planet... these guys have lost their damn minds.. you cant fix a WORLD WIDE recession by spending money in ONE NATION, money that first you dont have, and second any fool would know that it wont work, the majority of America's business is EXPORTS, if no ones buying GUESS WHAT... a grade school kid could figure this out...

We are getting what we voted for, therefor we deserve what we get.


.

The rest of the world are bailing out themselves too. I don't get this point. The rest is spot on.

[72cutlass]

if the republicans had this attitude all along they wouldnt have lost so bad last time around. Unfortunately they are equally spend happy when they are in control.

Some quick highlights of the bill

$400 million global warming research
$2.4 mil for carbon capture programs??
$650mill for digital tv coupons
$1billion to amtrack (hasnt been profitable in decades)

[72cutlass]

Anyone want to take bets on if there is another 400biilion + "stimulus" package before the year is out.

[Stizzel]

I wonder if this 800 billion will cost 10 trillion like the last bailout.

As schiff said, they'll be back again in a few months for another bailout, after this one

[Nagalfar]

The rest of the world are bailing out themselves too. I don't get this point. The rest is spot on.

The American economy is based on exports, if everyone else is broke there will be no one to buy, a lot of the nations we sell too worldwide will never have the money to generate a "economy boot" to get their economic systems going, we export a great deal of the major technologies to the world, that is one of the first things to get dropped when times are slow/bad... and the few nations that are willing to spend a lot of money/debt is going to find that it is not enough... the world economy moves trillions of dollar a day 9under normal conditions), so far, all nations providing economic assistance to get the world going amounts to just a few trillion.. it will take a lot more than that to get the planet going again, thats the major problem with a worldwide economy, there is not enough money to start the world again due to debt, this is not the same thing as the depression, we are more dependent that ever on the rest of the worlds ability to buy, or use credit.

This is one time, that unless the whole world works together to get this going it will never work.. there is not enough money being spent worldwide. Most nations are deep in the red before this, they dont have the export potential, or the credit, or the banking cash on hand to make loans to manage a move like this to make worldwide effects..

Most nations have a lot of debt, and little ability to pay it back.. this is the planet everyone is trying to fix, worldwide we are not spending near enough.

Sorry if that first one was a little vague.


.

[sharpshooterz98]

If inflation is not a problem, why not make the package 2 trillion, or 3 trillion? Actually, if this Keynesian stuff actually worked, they should probably spend twice as much money. However, it doesn't work, and eventually down the road inflation will rear it's ugly head.

If you can prove to me that either the keynesian or classical approaches are the answer to all the problems, then I'll never post again. I don't agree with the bailout, but you have to consider the risk of deflation before moving past towards inflation. Think WWII when debt levels became ENORMOUS (for the time) and how steady inflation had been up until 1980. Not saying to dismiss it, just giving you a little frame of reference.

By golly. Well, at least deflation isn't quite as bad as deflation in some ways (but it is worse in others).

wut?