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Old 10-20-2008, 07:23 PM   #11
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Today in hearings, Federal Reserve Chairman Ben Bernanke told lawmakers that the time was ripe for another, "significant" stimulus to energize the economy amid the credit crisis.

Obama floated a second round of stimulus a few weeks ago, IIRC.

Quote:
Originally Posted by MarketWatch
http://www.marketwatch.com/News/Story/Story.aspx?guid={D1A4B0D2-1D6B-4DFD-BC19-CEDD6156CD89}
Democratic leaders in the House and Senate have said they'd like to pass a second major stimulus plan quickly, either in a lame-duck session after the Nov. 4 election, or more likely in early January once the new Congress is sworn in.
Democrats say the bill would likely put about $150 billion into the economy, or about 1% of gross domestic product.
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Old 10-20-2008, 08:18 PM   #12
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Quote:
Originally Posted by Evan! View Post
Oh, so this is what a failing, flailing monster looks like as it goes down in flames? Holy crap, are they actually talking about another stimulus check?
I am not sure at this point, but Bush is claiming we need another stimulus. At any rate, yeah the first one was like shooting a water pistol into an inferno. You can't just change the momentum in the market by putting a ridiculously small amount of liquidity back in.

I am beginning to wonder if it won't be a slow, painful economic death after all....I could see people wandering along in denial for several years out until things get really bad. But that's just my paranoid self talking.
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Old 10-20-2008, 08:31 PM   #13
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The stimulus this time around will more than likely look a lot like "The New Deal". Trickle up economics at it's finest. The douche bags on the finance committee that grilled Bernacke today all seemed to be pushing for federal road construction, dams, bridges, etc, etc, etc..... Increase political investment and then raise capital gains taxes to decrease private investment. Fantastic idea! It really worked for Roosevelt following the "Great Depression". It only took Pearl Harbor to bail us out of that one.


Side note. Will you folks from CT please vote this lady out of office: Rosa L. DeLauro. I watched the whole committee meeting today with Bernacke and she is a total %&*$(#.

 
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Old 10-20-2008, 08:34 PM   #14
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Quote:
Originally Posted by Aubie Stout View Post
The stimulus this time around will more than likely look a lot like "The New Deal".
I was wondering (hence the "if") if they'll do something on that order. The first package should have gone into infrastructure.
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Old 10-20-2008, 08:38 PM   #15
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American Buffalo's or Eagles. Whatever is cheaper at the time.
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Old 10-20-2008, 08:42 PM   #16
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pay off more of my (wife's) student loans prolly.

 
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Old 10-20-2008, 08:44 PM   #17
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Send it to AIG of course. They'll be needing another bailout after they are done with the spa's and hunting trips we (read our gov't), apparently, funded (knowledge taken from second hand information in the smoke room).

 
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Old 10-20-2008, 08:46 PM   #18
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Quote:
Originally Posted by GilaMinumBeer View Post
Send it to AIG of course. They'll be needing another bailout after they are done with the spa's and hunting trips we (read our gov't), apparently, funded (knowledge taken from second hand information in the smoke room).
Aww c'mon 400k aint so bad

Man, tbh I am at a ethical conundrum with them. They have been my insurance carrier for years and I am not sure how I feel giving them my business anymore. I am seriously considering switching and writing them a formal letter as to why.
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Old 10-20-2008, 09:00 PM   #19
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Quote:
Originally Posted by zoebisch01 View Post
I am not sure at this point, but Bush is claiming we need another stimulus. At any rate, yeah the first one was like shooting a water pistol into an inferno. You can't just change the momentum in the market by putting a ridiculously small amount of liquidity back in.
Well, not quite. White House spokesperson said that they were "keeping an "open mind" " about another stimulus but wanted to get the financial buyout/rescue underway first.

Congressional Dems have been pushing a second stimulus since the end of September.
AFP: White House 'open' to new stimulus package
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Old 10-20-2008, 09:05 PM   #20
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pay off Credit cards.

 
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