Obama is going to once again extend unemployment and Cobra benefits. In my opinion his simulus isn't helping fast enough if at all and this move will not help anyone get or keep a job.
So what are everyones thoughts on why jobs are still being lost at half a million a week? Are there still those of you who think we should still just wait?
Answer by lori232 at 10:17 AM on Oct. 9, 2009
If he had taken the money he gave the banks and gave it to the people with stipulations:
a.) you had to pay all of your bills to "0".
b.) every person would have paid a 25% tax rate on the money received. (IRS would have made about $25 million in taxes.)
c.) next major purchase had to be in cash (car, house, furniture, RV, whatever it was)
d.) present receipts to prove money was spent as required, unused money is returned to the treasury even if it is $1.
\Banks, real estate, credit card companies, heatlh care facilities, car industry, all of it would have reset. Sound crazy? Well, it would have done more than giving companies money and now they want more. Why not give it to the people who paid the money in and let them save the companies by paying their bills and buying the products. It would have meant about $2.5 to each person. I would have followed
Answer by jesse123456 at 10:21 AM on Oct. 9, 2009
Answer by older at 10:53 AM on Oct. 9, 2009
Answer by gammie at 10:56 AM on Oct. 9, 2009
Answer by lovinangels at 10:58 AM on Oct. 9, 2009
Why not? My husband and I are mid thirties, early forties. One thing I do know is that progress is constant. It isn't fun that we are 20 years into our careers and back in school, but its what we need to do to support our family. I am pretty sure that when the industrial revolution was in its heyday that the farmers were shocked and were scared, but apparently they got past it. Embrace change or be run over by it.
Answer by lori232 at 11:06 AM on Oct. 9, 2009
Answer by lovinangels at 11:58 AM on Oct. 9, 2009
Answer by itsmesteph11 at 12:05 PM on Oct. 9, 2009
Answer by lovinangels at 12:13 PM on Oct. 9, 2009
Answer by yourspecialkid at 12:25 PM on Oct. 9, 2009