Stimulus Package... Round 2?
Jul 22nd 2008, 6:32 am
#1
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Stimulus Package... Round 2?
I read this today, I am not sure if this would be a good thing or a bad thing (if it actually happens)... I guess time will tell.
http://bloomberg.com/apps/news?pid=2...d=a5P_x5HfhQA0
http://bloomberg.com/apps/news?pid=2...d=a5P_x5HfhQA0
Jul 22nd 2008, 8:46 am
#2
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Re: Stimulus Package... Round 2?
When Obama gets in there will be 4 years of stimulus packages!
Jul 22nd 2008, 3:08 pm
#3
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Jul 23rd 2008, 9:20 pm
#4
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Re: Stimulus Package... Round 2?
I think another stimulus package would be a pointless waste of money.
People aren't going to benefit from it in the long term. If the Govt. would plough that money into public transport, with the gas prices the way they are right now, everyone would have good incentive to give up their cars and use public transport, and then they would have money to spend, therefore the economy wouldn't need stimulating.
It is the gas prices that are crippling everyone (not just that they put in their own car, but the extra cost of goods because of it).
Maybe then, the cost of gas would go down too, because no one would be using as much.
I'm talking about electric trains, not diesel, maybe hybrid buses
Yeah it would cost a lot, but look at what the stimulus packages have cost, and they're doing no good!
People aren't going to benefit from it in the long term. If the Govt. would plough that money into public transport, with the gas prices the way they are right now, everyone would have good incentive to give up their cars and use public transport, and then they would have money to spend, therefore the economy wouldn't need stimulating.
It is the gas prices that are crippling everyone (not just that they put in their own car, but the extra cost of goods because of it).
Maybe then, the cost of gas would go down too, because no one would be using as much.
I'm talking about electric trains, not diesel, maybe hybrid buses
Yeah it would cost a lot, but look at what the stimulus packages have cost, and they're doing no good!
Last edited by Emma M; Jul 23rd 2008 at 9:22 pm.
Jul 24th 2008, 4:31 am
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Jul 24th 2008, 9:05 am
#6
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Re: Stimulus Package... Round 2?
IMO, an Obama Government would increase "handouts" way beyond current levels. Whilst, they may have different names, economically they are all the same thing.
Last edited by cranston; Jul 24th 2008 at 9:12 am.
