Obama's Stimulus Package: How Big? Schumer Floats $500-700B

The dems are spending borrowed money again, and he hasn't even been officially elected by the electoral college. Got to get those checks sent out to all the ghetto rats.

How does printing more money STOP inflation??? Jimmy Carter II strikes again... We are in the toilet now!!!

only if it is to create manufactuing jobs inthis country not - to be sent out as a check ato spend.. that is what got us into this mess in the first place... all this spenidng on goods and not on actually concretet hings such as factories etc...

It'll be $1 trillion by inauguration day. Now that's change we can believe in! Hyperinflation here we come...

I am all for a jobs programs where people work for their money and its good for infrastructure of the country roads, bridges & blighted neighborhoods, but a $500 check will be used to pay bills and not stimulate the economy! It didn't work the first time, it just postponed the pain. Another idea would be is to help pay for the education for the medical profession. More doctors leave the profession everyday as the pop. gets older. What will happen in ten yrs. when you can't get even simple medical care without long waits.

I would rather see the money go to a ghetto rat here rather than Bush and Cheney sending it to Iraq and let those people that hate us spend it. Bush, your so called conserative has destroyed our economy and way of life, so get over it and let Obama fix the mess.

The GOP spends borrowed money too...more than the Dems have ever spent. If you want small government you'll have to move to another country...no one offers it here.

One reader writes that we are going to be in the toilet again. I have news for you, Bush has had us in the toilet for years and looks as if he wants to flush it before he leaves office. My only question.....how much more damage can he do in the next few weeks???? It is amazing how a few can fault Obama and the Democrats when the largest percentage of the world's population including the United States thinks the world will be better off.

send each WORKING or RETIRED american a check and we will stimulate the economy pronto.

The government caused this problem by borrowing and spending money it did not have for the past 30 years. Our economy was not thriving, it was living on borrowed money in a false rosy picture. Now it all caught up and how does Obama propose to get out of this? Spend more and borrow more? This is like giving a drunk whiskey to cure his alcoholism. This is insane. The private sector needs to invest, create jobs, and we need to get the government out of business' way. The government doesn't make anything, and is the most inefficient organization ever conceived. Obama is a lawyer and knows nothing so you can't blame him. The American public elected an unqualified individual and now we are all going to pay.

I see Obama's plan is going to build roads and bridges and employ all these out of work factory worker. How absurd is this idea? No factory worker is going to leave Michigan and go build a road in Kansas. This is unworkable and just plain dumb. Manufacturing jobs need to be created where they live and only private industry can do this. The government needs to encourage business with lower taxes across the board, and the unions need to stop being so short sighted. Our companies need to be able to compete in the world economy and then people will have good long term jobs. The government is the problem and never the answer.

"send each WORKING or RETIRED american a check and we will stimulate the economy pronto.

Posted by: stella | Nov 23, 2008 10:10:22 AM
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What do you think the "tax-cuts" go to????

re: bo. I find it very offensive that you call your fellow Americans Ghetto rats. We are all in the same financial crisis and we have a REPUBLICAN to thank. Why pretend that only democrats spend borrowed money? How much do we owe China and Russia under Bush's regime?
Bo, your holier-than-thou attitude is sad, esp. in the world we live in today. You are very fortunate for never having had to live in the ghetto. Why not realize that and be thankful instead of being such a pig?
We are all one human family.

Someone tell me how borrowing more money from our children's future is going to help them. This sounds very similar to the outrageous Paulson bailout. We need to see the plan BEFORE any more money is appropriated. This is robbery people!!! We need to offer immediate tax incentives for private industry to create jobs at home NOW! STOP THE BAILOUT MADNESS!!!

i tink the is good idia to send rebate checks to pople like bush did

Why was Onama ABC's choice? Both are afraid to offend the New World Order and neither puts the U.S. first. Check it out at www.snopes.com/rumors/noflags.asp

Locomotive systems are what made the US strong. Forget the roads--rebuild our rail system. Europe has done it, Japan has done it. Freight is moved over 400 miles on a gallon of fuel. Why rebuild roads no one has any money to buy a car to drive on?
Also--WW2 ended the Great Depression, not The New Deal. How do I know? I was there.

In regards to the next proposed Stimulus Package. Also, with much respect to Mr. Barack Obama, President Elect. It seems to me it would make more sense to give the money directly to the homeowners in foreclosure due to the Mortgage Crisis and lose of their job. The government/President Bush has already given money to the mortgage companies, and they continue to foreclose on homes. It just makes sense to give each homeowner between $250,000-100,000,000.00 and request proof that their mortgage has be paid in full. This would immediately stop the downward foreclosure rate. It never made good sense to me Bailout the vary people to started the situation in the first place, with a foundation of 'Grede'! I worked in the mortgage industry for 14 yrs and I speak from experience. As the news showed last nite a Countrywide Loan Officer was jailed for murder of two of his clients. A fraud for forging two checks for two different clients. He made promises he was not able to keep. Most loan officers are driven by the company they work for, as I said earlier I speak from experience. Also, companies are using monies to buy other companies not to make loans. Everyone continues to say the Mortgage Industry started the problem. Well think why not consider something simple; impower the people caught in the situation. The lenders will NOT hault the foreclosure, so if the money amounts I mentioned is given to each homeowner in foreclosure to allow the homeowner to payoff their mortgage, automatically the economy will be stinulated and people would feel free to shop, purchase power etc. I can not beleive the government gave money to the Mortgage Industry and expected the foreclosure rate to decline and/or stop. My lender is Countrywide the same that is all over the news, the internet, and 60 minutes for fraud, redlining, wrongful foreclosure etc. My loan was purchased by Countrywide before the first payment was due! I worked in the Mortgage Industry and lost my job one month after I moved into my home. To date Countrywide is trying to foreclose on my home. I know some of the govenment money went to Countrywide and still no help for the middle/little people. This is the United States of America and because of Grede, we are being forced to be homeless. The govenment granted the money to the wrong people. It should have and should go to those of us that are losing are homes for the same grede.
The gvoenment Stimulus Package needs to be of the nature to help solve the probloem. Paying off the mortgages of those of us caught in the middle, can and will only stop the foreclosure rate and give the mortgages companies revenue for loans, and stimulate the economy at the same time! It would be an instant automatic fix to each states foreclosure issues.

Hey, What about all of us comsumers? Give every person with a social security number one million dollars. (approx. 350 million in America) Freeze prices and wages for 6 months and watch the American consumer spend us out of the current crisis. We will buy new cars, new houses, clothes, vacations, etc! We are the American consumer and we know how to spend. Give us the money, NOW, and we will fix this economy.

Infrastructures are needed. To those who say the "The government is the problem and never the answer", I just want ask: who do you think should build the roads, the bridges, everything you use to go to work?
Or maybe you can fly and don't use this kind of infrastructure...

When it comes to money giveaways, our Greatest Smartest Leader only has sky as limit.

I surely believe this stimulus is outside, in addition to, his promise of $1000 if we voted for him. Stimulus and campaign promises cannot be confused together.

Long Live our Dearest Comrade Pres 0bama for giving us more freebies.

Just listen to all the brain dead republican morons criticizing Obama's recovery plan. These are the same rotted garbage that cheered as Bush mortgaged the future to fund his private war in Iraq. The reign of Bush started with a huge surplus and it was only under his direction that we've come to our economic crisis. Iraq war, ownership society...borrow, borrow, borrow until the hole is so deep that the way out is virtually lost. Obama's plan involves economic growth into existing and new industries, but the idiots in this comment thread are too fat and stupid to see the potential. And to you "bo", ESAD.

Let's make sure that this stimulus isn't just a subsidy to the failed New York financial center. America needs to rebuild its manufacturing sectors and infrastructure. Pushing phony monetary instruments around that aren't backed by real GDP will not provide jobs and real income.

John Burke, Pbama already has plans to give more borrowed US tax dollars to Muslims countries than we already give these countries in foreign aid. So what do you think of that? I suppose you voted for this fraud, Obama who is not eligible to be President because he is not a "natural born citizen" of the US as per Article II of the constitution. And Bush haters called Bush the Great Pretender. Now you actually voted a real one in.

I didn't vote for Obama. Let us give the new President Obama a chance to write his name in history with our due cooperation. We gave the outgoing Republican President 8 years, so why not be nice and respectful to the incoming president. It is noble for a leader to be proactive especially when this great country needs to be rescued.