Economists from across the political spectrum say the job-creating scope of the plan might already be too small.2 Even John McCain's economic adviser estimates that without the stimulus, unemployment could reach double-digits by next year—the highest levels since the Great Depression.3
President Obama published an op-ed in The Washington Post today taking on opponents of the stimulus.4 He writes:
"In recent days, there have been misguided criticisms of this plan that echo the failed theories that helped lead us into this crisis—the notion that tax cuts alone will solve all our problems; that we can meet our enormous tests with half-steps and piecemeal measures; that we can ignore fundamental challenges such as energy independence and the high cost of health care and still expect our economy and our country to thrive.
Asked by Anonymous at 4:40 PM on Feb. 5, 2009 in Politics & Current Events
Answer by Anonymous at 4:40 PM on Feb. 5, 2009
As a fellow Democrat I implore you not to vote for this pork bill for this will hurt us all. Not just one side of the aisle.
Answer by Anonymous at 4:45 PM on Feb. 5, 2009
Answer by Anonymous at 4:48 PM on Feb. 5, 2009
Answer by Anonymous at 4:49 PM on Feb. 5, 2009
So, what specifically do you agree about this Stimulus?
And how do you think it's implementation will specifically help those who have been laid off of industry/manufacturing (one of largest segment of unemployed)
Answer by grlygrlz2 at 4:56 PM on Feb. 5, 2009
For your information I voted for our POTUS. I think he is honestly trying to do some good things for this Country and I stand behind him however read this stimulus bill line by line. There are some good points that should stay but there are far too many things that will not help the United States.
Answer by Anonymous at 4:58 PM on Feb. 5, 2009
Answer by Anonymous at 5:08 PM on Feb. 5, 2009
I am calling my representatives... and emailing them and faxing them too. I'm not asking them to support this bill; I'm BEGGING them to scrap it. It's a horrible piece of legislation--filled with pork. It's not going to work. Everyone has the right to know exactly how the Dems want to spend hundreds of billions of dollars. Don't just look at the generalizations listed above by the OP, visit this site and do the research for yourself:
Answer by Anonymous at 5:21 PM on Feb. 5, 2009
A 5 percent tax cut would allow middle income to start spending again. Many of us are saving our money and not buying stuff. We can afford to buy stuff but want our savings account full just in case. If we had the tax cuts Republicans are proposing we would get a 5000 tax credit for our child and have 220 more a pay period. We could go out to eat and buy stuff which we are not doing now. That means businesses are closing and people are losing jobs. A tax cut would help immediately. What is being proposed is a payback to the people who got Obama elected and will do nothing to help. Some will help but it might be 10 years down the road. Democrats need to listen to Republicans and its own citizens.
Answer by Anonymous at 5:52 PM on Feb. 5, 2009
Answer by micrespo at 6:50 PM on Feb. 5, 2009