[Vision2020] [Bulk] Re: Stimulus package

[Paul Rumelhart]

I was going to add a Step 0: Get our country out of the War in Iraq we 
had no business fighting in the first place to free up hundreds of 
billions of dollars annually.

I roll my eyes at "free spending democrat".  Compared to how much money 
we've thrown at the war that citizens of this country were unethically 
and possibly illegally coerced into starting, how bad can these "free 
spending democrats" actually be?

I do agree that the rebates are a bad idea.  I would place the blame for 
this recession equally on the shoulders of the mortgage companies that 
drew many people into mortgages they couldn't afford later, and on the 
shoulders of the people who fell for it.  The real estate fallout isn't 
the sole cause for the recession, but I imagine it's a large portion of 
it.  Blaming all the people that got suckered into a bad deal is 
probably being overzealous.  Not everyone is a financial wizard.  That's 
why there are disclosure laws.

Paul

Sunil Ramalingam wrote:
> Gary,
>
> Will any of your suggestions help pay for the foreign wars in which we 
> are engaged?  Shouldn't we be trying to pay for these now instead of 
> growing the deficit?
>
> Sunil
>
>     ------------------------------------------------------------------------
>     From: jampot at roadrunner.com
>     To: lfalen at turbonet.com; vision2020 at moscow.com
>     Date: Fri, 25 Jan 2008 13:53:03 -0800
>     Subject: Re: [Vision2020] Stimulus package
>
>     Goodness knows I'm not particularly well grounded in economics but
>     if it's my two cents you'll settle for, here goes.
>      
>     Step 1. Forget about the Santa Claus nonsense. The rebates are a
>     feel good measure that will do nothing to stimulate the economy in
>     any meaningful way. (however, returning tax dollars to actual tax
>     payers IS a more reasonable action then simple welfare and pork
>     barrel spending as proposed by the clintocrats.)
>      
>     Step 2. Make the Bush tax cuts permanent. The threat of what
>     amounts to a looming tax hike makes many small business's uneasy
>     and puts a damper on job growth and capital improvements.
>      
>     Step 3. Reduce the corporate tax rate by a minimum of 12 to 16%
>     making American business's more competitive with our overseas
>     counterparts.
>      
>     Step 4. Come up with a real plan to get a handle on entitlement
>     spending. Privatization struck me as a good start but the ultimate
>     solution certainly escapes my pea sized brain.
>      
>     Step 5. Stop bailing out the stupid. If financial institutions
>     made ill advised loans or home owners took advantage of a risky
>     loan to buy more house then they could afford, let them suffer the
>     consequences of their actions. Rewarding dumb encourages more.
>      
>     Step 6. Make it through the upcoming elections without putting a
>     free spending democrat of any flavor in the White House for what
>     should be obvious reasons. Elect someone with at least a shred of
>     economic sense. Of the remaining viable candidates, Romney strikes
>     me as the best able to put the country back on less shaky economic
>     footing provided he doesn't face the same Congressional sabotage
>     that GW did. (fat chance)
>      
>     Step 7. (should probably be #1) Do everything humanly possible to
>     cut spending and reduce the size of government. Again, obvious
>     reasons, same skepticism.
>      
>     Simple, aye?
>      
>     g
>     ----- Original Message -----
>     From: "lfalen" <lfalen at turbonet.com <mailto:lfalen at turbonet.com>>
>     To: <vision2020 at moscow.com <mailto:vision2020 at moscow.com>>
>     Sent: Friday, January 25, 2008 11:43 AM
>     Subject: [Vision2020] Stimulus package
>
>     >I would like to see an analysis of the Economic Stimulus Package
>     by those  who read vision200 who are grounded in economics. I like
>     the idea of tax reduction, but am not impressed with the rebates.
>     > Roger
>     >
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