You must be registered to use comments. Please login
User Comments
Posted 11:41 PM EST January 20, 2009
Posted by: amyd1
The stimulus package confuses me a little. Here's one scenario John Doe gets his check and decides to by a some movies or games or something like that. He goes to a corporate store to spend his check. This helps out the corporation, not the people working in the store. The people working in the store don't get any extra money from this. So, it doesn't continue to "pass it on." Now if corporations offered profit sharing for their managers or even part-time workers that may boost the economy slightly.
Posted 7:02 PM EST January 20, 2009
Posted by: pdxbob
The article title implied that there would be tips on how to better position yourself financially under an Obama administration, however there were no tips whatsoever in the article.
To me, "getting your finances ready for Obama" means mentally preparing myself and my child to pay for a massive increase in the size of government, layered on top of New Deal and Great Society debt we already bear.
Posted 2:02 PM EST January 19, 2009
Posted by: AmericanGuy
As Barack Obama takes office, we have the worst economy in 75 years. About 12 million Americans are without jobs right now. Mr. Obama cannot turn things around on his own. He'll need the American consumer buying American goods to create American jobs. American artisans create beautiful jewelry, pottery and glass. Support American artisans by seeking out local gift shops and online galleries committed to the best in american arts. For Valentine's Day and birthdays in 2009, please make this the Year of the American Gift
Posted 12:56 PM EST January 16, 2009
Posted by: doctapj
The average taxpayer has not and will not be directly affected with the current plans. Since taxpayers will be paying for this they should see immediate results: Recast mortgages at the latest loan-to-value to establish the "bottom" and issue 4.5% on a fully amortized 30 year note. This will benefit everyone and will prevent those considering walking away from their home. Any windfall must be used to pay down other debts and will be counseled by the taxpayers bank so as to ensure the money is used as it's meant to be. A cap must be set on the windfall and In turn, banks will need to hire as taxpayers will receive help directly and the bottom will be established while benefiting everyone rather than just those corporations and individuals in trouble.
Posted 11:35 AM EST January 16, 2009
Posted by: ezagrodzky
We need massive tax cuts. Cut tax rates 50% for six months. Cut employment taxes 50%(both employee and employer)for six months. The problem with the previous rebate was that it was too small to be more than beer money.
www.hedgehogparty.com.
Did someone from the Obama campaign write this article? Generally Smart Money seems fairly balanced...this one essentially says that everything Obama plans to do will work, and everyone agrees with it. I think there is tremedous doubt that massive government spending will do anything positive. It may, in fact, prolong the recession and produce a period of hyper-inflation as we print money to pay for it.