When will Obama's third stimulus package come out? Democrats are working on the 2nd stimulus package right now?
Topic: When will Obama's third stimulus package come out? Democrats are working on the 2nd stimulus package right now?
June 16, 2019 / By Anstey Question:
How much more money can we print?
Best Answers: When will Obama's third stimulus package come out? Democrats are working on the 2nd stimulus package right now?
Zach | 7 days ago
Well, we the people have a new president. It’s an exciting time for Americans, whether or not you agree with President Barack Obama’s plans. My hope is that our new president will instill some confidence in people, not necessarily set out to fix everybody and everything.
There are some bogus government strategies floating around to stimulate the economy and "save us from ourselves." Just because they’re all everyone talks about doesn’t make them true! Here are a few of the big issues:
These aren’t bad, and I would never turn them down. But to think that tax breaks single-handedly stimulate the economy is laughable. Remember last fall? Those stimulus checks didn’t fix the problem, so what makes us think it’s going to fix everything this time? Did you know it was your money to start with? They’re just giving it back to you and making you feel good about it. If you’re looking for $1,000 to change your life this year, you obviously don’t have a life to start with!
It may help you today or this month, but $1,000 will do very little for you in the long run. To win with money, you've got to think long term.
The government wants you to spend, spend, spend—and many Americans are taking this advice while still in debt! No matter what the talking heads say, it is not your patriotic duty to spend money you don’t have. Your duty is to take care of yourself and your household with the money you earn from an honest day’s work.
If you have your full emergency fund and are in a position to buy something, now is the perfect time! You can get some fabulous deals, but don’t let the deals entice you if you haven’t planned ahead and don’t have the cash!
The dog is still chasing its tail.
Debt started the problem, so what is the current plan to fix the problem? More debt!
What really drives the economy? Is it D.C.'s programs or small-business people scattered throughout the country? This down economic time will begin to heal itself. Do we have to go $1 trillion in debt to do that? No way!
The good news is that our future as an economy isn’t coming out of Washington. Our future prosperity is coming out of the hopes, dreams and individual freedoms of the American people. When left alone, we have a tendency to prosper.
The healing of the economy will begin and end with you. Yes, you, the person you see in the mirror! You have to make your decision as to whether or not you’re going to take part in the recession.
As for our new president, if you’re not a fan, pray for him. He’s your president. If you are a fan, pray for him. He’s your president, not your savior. Your hope will be crushed if you wait for him and his administration—or anyone else—to fix your life and give you money.
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Originally Answered: Why is Obama's stimulus package not working?
Taking money out of the economy through taxation that would have been recirculated and created more jobs if left alone by the government doesn't provide a benefit to the economy, just to the political class that gets to use those funds to wield power and influence for their own political futures.
Add the fact that the people who decide what business gets stimulated have little to no business expertise or experience. And that they decide it is the failing company with the poorest business model in their sector ( after all, the failing companies do their business worse than the ones that are succeeding ) that deserves the stimulus, and it is no wonder the stimulus plan is not stimulating the economy>
I wouldn't expect anything different. Think about it, if our elected officials knew anything about making money in the private sector they would be making their millions there instead of using our hard earned money as their own personal slush funds to reward their political supporters with.
in the beginning, the money will "run out" after a minimum of a 5 300 and sixty 5 days quantity of time. I say a minimum of because of the fact the outcomes of it is going to likely be lasting, extending over a miles longer quantity of time in the path of the roles created and the failings equipped. 2nd, together as there's a 2nd stimulus, there's a actual hazard that this would be adequate to get us with the aid of this troublesome section. in fact that he has plans in the works for long term policies that are going to start after the stimulus plan is in the works. 0.33, the roles will just about pay for themselves with the aid of the years. the human beings getting those jobs would be paying taxes as quickly as they get them, and that they would be buying stuff in the financial gadget. which skill the money circulates in the financial gadget. because of the fact of this we are able to sluggish the skill of economic turndown at present in the works. Fourth, if a 2nd section does ought to come out, i do no longer see why the government cant pay for it a similar way it quite is now, with deficit spending. together as issues won't be suitable, human beings do prefer to work out our financial gadget do properly because of the fact we are prevalent to the international financial gadget. If it demands further lending, so be it, international places will do it.
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I just heard on the Wolf Blitzer show that the first stimulus package is delayed till second week of the February.
I am not sure about the second or third?
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I can't believe how many people think that the government prints money when it's the Federal Reserve.
When the government increases spending, they issue securities known as treasuries. If the Fed buys the treasury, they print money...
If China, Japan, or ourselves buy it, it's cash already in existence.
We've actually been in deflation with credit markets. Hence the lending freeze.
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Originally Answered: Is President Obama's stimulus package really right for our economic crisis? Should not focus be on finances?
- So-called "socialist" health care is a must. Call it what you will, but the results don't lie - EVERY SINGLE INDUSTRIALIZED COUNTRY BESIDES THE US HAS SOME FORM OF UHC. THEIR SYSTEMS ALL OUTPERFORM OURS BY LEAPS AND BOUNDS - and for far less money than the US government spends just to cover the relative few who have medicare or medicaid. It actually does provide an immediate stimulus, but bringing some sort of sanity to our national health care fiasco is not optional if we are to have a lasting recovery.
- Regarding the long-term effects of welfare, I agree. However, the magnitude of the catastrophe will be apparent shortly, as will the need to provide assistance to the unemployed.
- The idea that the federal government can just stand aside as China and India are developing their intellectual capital at an exceedingly rapid pace is ridiculous. Your proposal will guarantee that the US will become a third-world country within a generation. We need both more funding AND to spend those funds more wisely.
- Define "pork," and list the projects you object to.
- The environmental measures you mention are absolutely necessary to foster the development of a large clean energy industry and mitigate global warming. And no, we can't just go on dumping more and more carbon into the atmosphere without consequence.