Second Stimulus Check? Another One Might be on the Way

It seems that economic stimulus checks are once again a hot topic… Back in June, I wrote about Barack Obama’s economic plan and the fact that he was floating the idea of a second round of economic stimulus checks. While talk of another stimulus package cooled for awhile, it’s heating back up…

Apparently Deomcratic lawmakers are now considering another stimulus package, which some economists are saying should total as much as $300B, and happen as soon as November. Fed Chairman Ben Bernanke recently weighed in, saying that a fiscal stimulus package “seems appropriate.”

Bernanke went on to argue that an “ideal package” would not only boost spending, but would also include measures to combat the tight credit situation. Among the measures that have been batted around are an extension of unemployment benefits, loan guarantees, additional support for Fannie Mae and Freddie Mac, tax credits, and another round of stimulus (i.e., tax rebate) checks.

I recognize that this might not be a popular opinion, but I’m not a big fan another round of stimulus checks. In fact, I didn’t really like the first ones. The main reason for this is that the government doesn’t actually have the money to give away. Borrowing from the future to prop up the economy in the short term just doesn’t seem like a sound long-term economic policy.

Note: Details of the economic stimulus package have been circulating, and there’s no mention of a second stimulus check.

92 Responses to “Second Stimulus Check? Another One Might be on the Way”

  1. Anonymous

    so many of us are having hard times.my story is like others i lost my job ( due to bankruptcy) jumped from temp job to temp job until there was none ,a job would be nice but until that happens alittle relief sure would help. i;m in favor of a stimulus check

  2. Anonymous

    i think if the president can send out more money to people who needs it then why coudn’t bush give us one uhh yah be was to busy trying to send more of our people to irac.im glad obama was elected president but where in the hell did they find such a sexy black men like that.and a beautiful wife and kids all i got to say is rock that white house and send out them checks hah aha ha from broke & lonley

  3. Anonymous

    In my opinion, the govt should have sent the taxpayers all that money instead of giving it to the banks…we then could have taken care of our mortgages, paid off our cars or bought a new one…everyone would have been sitting pretty good! I make under 15,000 a yr now compared to almost 40,000 I made less than two years ago when I got laid off from my job. A little boost of income would have been welcomed by me!

  4. Anonymous

    Where do all of these people think the money for these “stimulus” packages is coming from? The government? Where does the government get it’s money? Yep… that’s right… the people. Not to mention, the government is in debt. So… hmmm… let’s give out more and go into MORE debt! Personally, I would rather the government take LESS from me and let me manage MY money the way I choose. I handle my finances WAY better than the government handles my money. I make $36,000 a year and my husband lost his job and unemployment has run out… so things are VERY tight. We have cut back on many things we used to think were “necessities” so that we can take care of OURSELVES!

  5. Anonymous

    i think another check would be great me and my family could use it. it would help so much.and as for all of you hatters (SHAWN) stop opening you damb mouth.

  6. Anonymous

    I am a mother of four children I have worked over the years, unfortunately I had some problems with the law and it prevents me from going back to work. I do however have a loan in default from when I was going to college. My loan went in default due to me having to drop out of college, in order to recieve the social services grant. you see I had to go to a workforce program which required all my time out of the day. In turn I was sanctioned and forced to move, ending up in a shelter. My point is that there are poor people out here that have wanted to have a career and a future and the system just snatched it away,and gave one choice, I think as a citizen of the united states we are intitled to have more options to live better and a stimulus bill in our favor as well. Thank You Kindly A Mother to Another

  7. Anonymous

    I think no matter what if we get a stimulas check or not. because the problem with this country is everything keeps going up (gas,food,clothing,shelter) everything people needs to get by on. The president wants to help this country but how is it helping when prices on everything raises. poor people cant make it now I know I’m just verly getting by

  8. Anonymous

    I for one would love to have another stimulus check. Any extra money would be much appreciated at this point. I’m the only one working in our household. My husband is having some problems finding a job, and we have two children. We’re doing everything we can to keep ourselves afloat until he gets back to work. Every month, it’s always tricky.

    I think what the government could do is give you the option of paying off all your debt, but you have to promise, like 2 things 1) You can bring on any new debt for like 5 years. 2) Your income tax refund has to go towards the government until that’s paid off. You’ll still get your usual paycheck, when it comes, however, you won’t be able to use that refund that you get at tax time.

    Tha’s my opinion anyway.

  9. Anonymous

    I, for one, would love a stimulus check. I could use it to pay off some debt or buy something fun. Extra money is always welcome. However, I don’t think it could fix the economy, and her’s why: my family right now is just my wife and I, we made about $70k last year, and our expenses are about $4k a month. So $2k (more than the stimulus check would be) would be half a month of expenses, and then it’s gone.

    So you’re having trouble making ends meet and putting food on the table? That $2k would be $166/mo for a year. That would help, yes? But then what happens after a year? It’s only a temporary solution, not a permanent one. And if you’re poor, and you get a stimulus check, you’ll still be poor…

  10. Anonymous

    wow. all these opinons. Heres mine(I know nobody really cares but hey), I think if you dont have more children than you can afford, a better car than you can afford, a house thats too nice for your income level, and spend more than you should. Only one person would need to work in the family.(creating more jobs and happier generations of children too.) Like all our families before us. My Grandmother & mother stayed at home, choosing to fix things instead of throw them out when they became ugly or “unfashionable”. Our generation and our children expect too much and never understood the value of a dollar. The stimulus check is just that, the IRS trying to make friends. Letting You invest it any way you choose….a new Gucci bag, or 1200 in stocks. Your choice. But really, whats the IRS still doing in business…wasnt this supposed to be a “temporary tax” originally? The entire IRS? (its a rumor I read online once).

  11. Anonymous

    Im very poor but work 40 hours a week so I cant say I wouldnt LOVE some more money.

    although its taxed. and its a sign this country has lost its mind. It truly is sad we are in this trouble right now. lol watch it all burn baby !

  12. Anonymous

    I<mA mother of 4plus my grandchildern my husband lost his job and it,s realy hard ot find a job so the stimulus check does help you people that don,t beleive in it good for you but you problely like spending it were people like us needs the extra to survie. So I hope they send it before xmas then people could spend more

  13. Anonymous

    i have been following this comment section for more than a month now and quite frankly am sick of listening to ‘Daniel’. you keep saying ‘we’ don’t ‘get it’, but NEITHER do you. i am a single mom, make a decent income, HAVE had my income sliced due to the Governor of California cutting the educational budget by more than half. i have zero debt, my car is paid off, we rent a modest home and there are literally months our refrigerator goes bare.

    it is NOT because i am so lazy parent who would prefer to sit home all day texting, surfing the net and watching cable…..all by the way happen to come in the form of one bill which includes my regular telephone and which if i paid separately would cost more than half of what i am currently paying. not to mention the cell bill which i NEED because i AM a single parent and NEED to be available to my children…to say nothing of the car we own which is a 1997 and while currently reliable, will not remain that way forever and because i can’t afford things like AAA, if i am stranded somewhere i NEED to be able to call for aide, ESPECIALLY if my kids are in the car with me.

    i am certain there are people out there who ARE all the things you puport them to be, but you are quite insulting to those of us who do not. and as one of the other folks mentioned, we did not ASK for the check, but if it’s being given, you’re damn right i’m going to take it because it IS the difference between my daughter wearing shoes she’s outgrown and being able to have milk to drink. NOT to go out to dinner because we NEVER do that. NOT to go on a trip someplace for a day because we NEVER do that. and maybe $1000 for you is ‘nothing’ i guarantee you that it adds nearly $100 a month to my budget which DOES make a difference and it DOES go directly back into the economy because it’s used for food and clothing.

    just stop spewing already. your responses make up nearly half that are here. clearly you need to have the last word and quite frankly there is nothing you can say that will change the facts that are our personal reality.

  14. Anonymous

    @Daniel:

    We give billions of dollars to companies like Exxon-Mobile, which is effectively a negative tax rate. I agree that the tax rate is high, but that doesn’t mean that anyone actually pays that rate, or not a lot of people anyway.

    Our tax rates are high because there are so many loopholes and deductions available so that many pay a relatively low rate despite high income or earnings (ask Warren Buffet).

    The tax system should be made more fair for all. My point is that despite the high rate, the actually or effective tax is much low. I’m personally in the 28% bracket, but paid just shy of 13% in taxes after deductions last year. People who made a lot less money than I did, but who didn’t have all kinds of deductions, paid a higher effective rate, and that’s not fair.

  15. Anonymous

    @MITBeta, the United States’ corporate tax rate is the second highest in the industrialized world.

    This page is related.

    Having the second highest rate, and a rate well above average, it seems to me that our rates are “excessive.” One wonders what our economic competitors know that we don’t.

  16. Anonymous

    To all of you who don’t think these checks will help are people that are well off, or are not in fear of losing there jobs like so many others. My husbands hours have been cut alot at work and I got laid off, so that money will go to good use. If you don’t want your checks, you can always send it to someone who does!!!

  17. Anonymous

    @ Daniel:

    Now we’re talking. But I could run a similar search and gets lots of opposing views on the subject.

    Also, there’s a big difference between “tax cuts stimulate growth” and (from the “conclusions” in your source) “showed that reducing excessive tax rates stimulates growth”. The difference here being “excessive”. I think that there probably is wide agreement on reducing “excessive” taxes to stimulate growth. However, what’s not clear is whether current tax rates are excessive.

  18. Anonymous

    I really think this second check is going to help MOST struggling families… i am a single person living on my own NO children, i work, and get percapita checks, and for some reason i cant keep a dollar in my pocket, i can only imagine families who work and dont get percap checks… not to mention im only 19 LOL… but im not the typical 19 year old, the last time i went shopping for an oufit was about 3 months ago.. i dont drink or do anything else well obviously im not 21 yet.. but this economy is REALLY BAD these days and im sure that a little check sent to the hurting families would definitly help out some what.. its the governments job to keep up with the roads, bridges, and all that stuff, and not for the people to suffer from situationslike that…

  19. Anonymous

    Thank you Hugh! Trickle down economics….it worked…Why bill clinton had to go “fix it” is beyond me…someone needs to reimpliment Reagan’s plan…if all else fails go back to what worked!!! It’s not rocket science….as far as a new stimulus plan…yes it would very much help….my husband and I have 6 children, I too like many others have lost my job due to the economy…I receive no state assistance…am trying to support them on 40,000 this year….it is a short term fix….it will help for a month or so…but I would like to see long term results…and if forgoing a second round of stimulus checks is going to put that money to better use…I’m for it…

  20. Anonymous

    @MITBeta: Like I said, it is widely recognized.

    Citing the “conclusions” on this page: “The Reagan tax cuts, like similar measures enacted in the 1920s and 1960s, showed that reducing excessive tax rates stimulates growth, reduces tax avoidance, and can increase the amount and share of tax payments generated by the rich. High top tax rates can induce counterproductive behavior and suppress revenues, factors that are usually missed or understated in government static revenue analysis. Furthermore, the key assumption of static revenue analysis that economic growth is not affected by tax changes is disproved by the experience of previous tax reduction programs. There is little reason to expect static revenue analysis to evaluate the economic or distributional effects of current tax reform proposals much better than it evaluated the Reagan tax program 15 years ago.”

    On this page, we find this: “Consumer spending typically equals two-thirds of GNP. As you would expect, lowering taxes raises disposable income, allowing the consumer to spend additional sums, thereby, increasing GNP. (To learn more, read Economic Indicators To Know.)”

    Also of interest would be this article written just this week.

    Like I said, it is widely accepted.

  21. Anonymous

    Daniel said: “I don’t have time to do your research. Go look it up – it’ll be easy to find, I’m sure.”

    From the last few responses, and from the total number of times you’ve posted here, it looks to me like you’ve got lots of time on your hands.

    And it’s not “my” research, it’s yours. You’re the one who made the assertion, and if you can’t site a reference to back it up, then we all can and should take it as your opinion and nothing else.

    The quickest way to lose your credibility is to make a claim and not only fail to back up the claim, but also somehow make it someone else’s job to back it up for you. If it’s so “easy”, you do it.

  22. Anonymous

    Thanks Daniel, you have made things a lot clearer, you too Nickel. It is just frusterating for a common citizen like me to work and work and get no where. I am not in a bad position per say but everyone always wants to better themselves instead of feeling like walking on a treadmill.

    Anyway, I would still take the check. They can put it in the pork barrel spending category…lol

  23. Anonymous

    Daniel, you made a lot of good points. I understand that businesses are in business to make money. But if they choose to outsource to another country, why is this country giving them tax breaks? Shouldn’t the country who is benefitting from the jobs pay something?

    This is a very good point, and it is why many people are irritated that China keeps getting MFN (Most Favored Nation) trade status. I believe in free trade with other countries (i.e., no tariffs), but only with countries that allow us to trade with them freely too. It just isn’t fair to us if another country places huge tariffs on our products, yet our country does not place tariffs on their products.

    On your next point, about home buyers taking responsibility for the mess, absolutely – there is plenty of blame to go around: even though government forced banks to offer those dumb loans, there was nothing forcing buyers to take them.

    I don’t think we can blame who goes to Wal-Mart and buys non-American things. That is all we can afford. I would gladly buy all- American if the prices were even close to being competitive. All our imports have tariffs before they get into this county, and they are still lower than the products made here.

    There are many reasons for that; unions and OSHA are but two of those reasons. Consider: because of OSHA, many of our nation’s great constructions projects could not be built today, or they cost much more to build.

    So what I see is that this government should throw out everything that has been done and start from scratch.

    “That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness.”

    You seem to know a great deal so I will ask, how is what Exxon Mobile is doing any different than price gouging? I understand making a profit, and believe me the great grand children of these people are set, but this is ridiculous. That would be just like a gallon of milk costing $20 a gallon, instead of what it is. That would not be allowed so why is this?

    nickel covered the profit margin aspect, so I’ll cover the price gouging aspect. There is no way that these companies are gouging today. There is simply too much competition. I used to wonder whether gas prices were fixed or otherwise manipulated by gas companies, and in the last 2 years that wonder has gone away, because of the wide and rapid fluctuations in retail prices. It seems clear to me that it is 100% supply and demand.

    And this is interesting, I was watching something about car making. It showed American workers on the assembly line and had one person at each tire area so when the car came by four people put the tires on, then it showed China and how their people did it, they had one person put on all four tires. The cars passes slow enough to where one person could this. I understand making jobs, but this is ridiculous. If a company needs to stay a float, it is things like these that need to be changed or else any aid will be wasted.

    That gets to another point that I didn’t make clearly in my previous comment. Another way of saying that “the winner is the one that can make the product most cheaply” is to say that “the winner is the one who can produce a product the most efficiently.” Clearly it is more efficient to use a single worker to install 4 tires than it is to use 4 workers to each install 1 tire.

  24. Cindy: The argument about profit margins on milk would go something like this… Let’s say that milk currently costs $4/gallon, and the expense of producing it and getting it to market is $3.50/gallon. That’s a profit margin of 12.5% ($0.50 on $4.00 in sales). Now, if the cost of raw milk were to go up such that it now costs $17.50 to get a gallon of milk to market, then charging $20/gallon would be perfectly in line with this ($2.50 profit on $20 in sales = 12.5%). I’m not saying that it’s right of them to do this, but you also have to keep in mind that they have more money invested in getting product to market, so it’s not unreasonable to expect a commensurately larger per unit profit (in absolute terms — the relative return has remained the same).

  25. Anonymous

    Daniel, you made a lot of good points. I understand that businesses are in business to make money. But if they choose to outsource to another country, why is this country giving them tax breaks? Shouldn’t the country who is benefitting from the jobs pay something?

    One thing I will kinda agree with you is while the government and insurance companies should take the blame for the sub-prime mess, the home buyer needs to take some responsibilty too. I sold real estate before, a couple of years ago in California during the big boom. People who had jobs just like my husband and I were trying to buy half million dollar homes then were surprised when they couldn’t afford it and had their house repossessed. So there is a lot of blame to go around but I don’t think we can blame who goes to Wal-Mart and buys non-American things. That is all we can afford. I would gladly buy all- American if the prices were even close to being competitive. All our imports have tariffs before they get into this county, and they are still lower than the products made here.

    So what I see is that this government should throw out everything that has been done and start from scratch.

    You seem to know a great deal so I will ask, how is what Exxon Mobile is doing any different than price gouging? I understand making a profit, and believe me the great grand children of these people are set, but this is ridiculous. That would be just like a gallon of milk costing $20 a gallon, instead of what it is. That would not be allowed so why is this?

    And this is interesting, I was watching something about car making. It showed American workers on the assembly line and had one person at each tire area so when the car came by four people put the tires on, then it showed China and how their people did it, they had one person put on all four tires. The cars passes slow enough to where one person could this. I understand making jobs, but this is ridiculous. If a company needs to stay a float, it is things like these that need to be changed or else any aid will be wasted.

  26. Anonymous

    This is going to get way off-track, and my apologies to nickel about that. It’s clear that some basic information is in order here, so nickel, feel free to let me know that you would like me to stop. Also, I sure hope all this HTML code comes out correctly.

    First, Cindy.

    why are companies allowed to outsource out? In this global economy, the winner is the one that can produce things the cheapest. For most things, that appears to be China today. As a shopper, you are part of the problem if you are price conscious above all else.

    I know its cheaper for the company but what about taking care of all Americans and not just for personal gain? Why do you work? You work to make money right? Companies are in business to make money, and public companies are required to look after their shareholders first. Nobody is in business that isn’t making money.

    Their personal gain is in the billions while ours might be $1000 in the form of a check. I have no idea what this means.

    Why are oil companies like Exxon Mobile making record breaking profits while we were paying $4.00+ for a gallon of gas? “Record profits” does NOT mean “record profit margins.” Profit margins in the retail gasoline business are much lower than, say, cosmetics, yet nobody is complaining about profits for cosmetics companies. OF COURSE record costs and record prices will lead to record profits! If you want to share in the profit, invest in Exxon and the other oil companies! It seems that people are only complaining about this because gasoline is practically a need today.

    These insurance companies that need help, why aren’t they fines for giving people loans that they knew they couldn’t afford? Probably because the government forced them (thank you, Bill Clinton) to give out those bad loans.

    These car companies employ alot of people, if they go down, this economy will really take a hit, they need help but if they don’t change how they manage a company, what good will it do? Car companies do need to change, and the first thing they need to do is take control back from the unions. GM’s unions have nearly run the company into the ground (this is essentially why GM got out of the health care business a year or 2 ago), and it is high time that the automakers get that back under control. Unions can serve and have served very good purposes, but today many are doing more harm than good.

    Honestly, I don’t know, I just hope Obama stays true to his words, I like him and I feel he is for the average person. So lets cross our fingers… Rest assured: Obama has promised the impossible. He cannot change the laws of economics, and his policies will be disastrous to our economy. Mark my words, and come back in 4 years.

    Look, we are our own enemy here: we as a society have chosen “cheap goods,” all the while demanding high salaries (we are all in the top 5% or so, worldwide, look it up) and extensive benefits. The party has to end – we cannot all make $100,000 and buy everything at Wal-Mart for $5 or less. The economics of it are simply impossible.

    Next, Information:
    This entire conversation in a nutshell is the economy is in really bad shape right now and we need to come together as one and consider each other, not just self. So don’t just comment on how you feel, put yourself in someone else’s shoe and I am quite sure you will reevaluate your opinion. Yes, it is in bad shape. We haven’t had a real national energy policy for at least 20 years, maybe longer. Our government forced banks to make bad loans, to the point that now the entire world economy is in the tank. We really need to evaluate what we need (not what we want) from our government, and get our government back to doing what it is supposed to do: the US Government charter is found in the US Constitution, and its charter is extremely limited (I simplify, but it is generally: regulate trade, coin money, defend the nation, not much else). Government is supposed to do only those things that people cannot do for themselves, not what people will not do for themselves. Yet, today, we have people demanding every little “this” and “that” of the federal government. It is impossible to do, and we are imploding trying to do it all.

    This statement is for daniel if A GIANT LIKE AIG CAN GET A BAILOUT WITH TAXPAYERS MONEY!! There should be some kind of relief for the taxpayers of america when they are suffering to. Yes, we should be getting tax cuts, not the huge tax hike that Obama promises. Our government should be doing LESS and taxing LESS, so that we have more of our money to take home and spend as we please. Do you realize that some 80% of what our federal government does, it isn’t supposed to be doing? The entitlement programs (Social Security, Medicare, etc) are NOT supposed to be there! And they are taking more and more of a percentage every year. We are spending ourselves into oblivion.

    And, oh, I didn’t agree with the bailout for AIG and the others. Let them fail or succeed on their own merits and decisions.

    Let’s take for example this country is going through a major crisis right now, and have been for a while.
    But it is just to the point now where it is hurting the entire country and not just one specified set of people. But, you don’t see where there has been anything adjusted as far as trying to reduce the taxes you are already paying each and every paycheck. Yet everyday you hear/read about another company moving, shutting down, filing bankruptcy, locking the doors and noone knows until they report to work, and/or laying off over half of their staffed workers.
    Yup, we are to blame, by choosing to buy stuff manufactured elsewhere. We are to blame because we chose price over “Made in the USA.” Does anyone here remember when Wal-Mart’s big thing, 10-20 years ago, was that everything was “Made in the USA”? Just try to find ANYTHING at Wal-Mart that is made here, today – good luck.

    So I ask who needs help here! We all do, and that’s why I keep advocating tax cuts: when you have more of your money EVERY MONTH (instead of a one-time gimmick, AKA “stimulus” check) then you know that you can budget more and spend more. When you are just given a one-time boost, then that isn’t something that you can spend more with – it’s a one-time bump, and as has already been pointed out, most people spent it on bills, so it didn’t do anything anyway.

    Also, on the “stimulus” checks, consider: there are only a couple ways that government can raise money: they can tax us, or they can sell debt, and selling debt is just a way of taxing future taxpayers (because they have to tax in order to pay back the debt which, remember, is paid back with interest). Now, our government didn’t have the money for those handouts, so they sold debt. So, essentially they taxed our children so that they could give us a one-time bump today, that most people used for bills anyway. A much better solution would have been to just reduce our taxes, for reasons I have already explained.

    Not necessarily here, but I keep hearing people talk about increasing corporate profits. You do know that corporations don’t pay taxes, right? That’s right – they just pass the cost of those taxes on to consumers in the form of higher prices.

    And, shall we talk about drug prices for a moment? Many people complain about the high price of prescription drugs, and they demand (and Congress implements) a solution that is exactly the opposite of what they need to do. Understand: prescription drugs are extremely expensive to produce (thanks in part to government regulations), and those production costs are amortized over the life of the drug’s patent and are passed to consumers in the form of drug prices. When people demand, and Congress implements, shorter patent life (which means that generics can get to market faster), there is less time over which to amortize those costs, which in turn increases the prices that consumers pay for drugs. Instead, people should be asking for longer patent lifespans, so that the cost of drug R&D can be amortized over a greater amount of time, thereby lowering the price of the drug.

    Finally, today we have the most convoluted and corrupt tax system that we have had in at least 25 years. We would do well to simplify our tax code like Reagan did in the 1980s, or to switch to a better tax revenue collection system, such as the Fair Tax. The Fair Tax is a national retail sales tax that is collected whenever you buy something, and is done in lieu of the federal income tax, and it is set up with a “prebate” for each family, based on family demographics and the cost of living for a given area. The beauty of a sales tax is that it isn’t targeted like today’s system is; it catches everyone, even people who participate in illegal activities (e.g., prostitutes and drug dealers). And, each of us controls how much we spend on taxes: for example, we decide whether to buy the $1 loaf of bread or the $10 loaf of bread, and we pay the same percentage of tax either way, with the $10 loaf of bread causing us to spend 10 times the amount in tax.

  27. Anonymous

    I agree with you Information. Many things need to happen for this economy to get on track. I in no way claim to be an Economist, far from it, but I do have common sense. Like the unemployment rate being so high, why are companies allowed to outsource out? I know its cheaper for the company but what about taking care of all Americans and not just for personal gain? Their personal gain is in the billions while ours might be $1000 in the form of a check. Why are oil companies like Exxon Mobile making record breaking profits while we were paying $4.00+ for a gallon of gas? These insurance companies that need help, why aren’t they fines for giving people loans that they knew they couldn’t afford? These car companies employ alot of people, if they go down, this economy will really take a hit, they need help but if they don’t change how they manage a company, what good will it do? They will just fold eventually. When someone owns a small business and it needs help, where do they go? They can’t get loans right now even though all that money was pumped into the system, they said it would take a month or two before they could start handing out loans. By that time, it could be too late.
    Honestly, I don’t know, I just hope Obama stays true to his words, I like him and I feel he is for the average person. So lets cross our fingers…

  28. Anonymous

    My husband and I make it by every week its not easy but we do. We have children that are in school its coming winter and they need clothes. Their is one thing that we do every week and that is go to church and serve GOD. I know that some people may think well, that’s not my kind of thing but, I can tell you one thing since my family has been going to church and serving the lord we don’t worry as much we just put it in god’s hands and he sees us through it. We don’t always have what we want but we get what we need. It’s hard for people to make it anymore on what they make because the price on everything in stores have went up. I think that if we did get another stimulus check it would help people and since christmas is coming up I do think that most of it would be put back into the economy so i do hope we get another stimulus check it would really help most people out through the holidays.

  29. Anonymous

    This entire conversation in a nutshell is the economy is in really bad shape right now and we need to come together as one and consider each other, not just self. So don’t just comment on how you feel, put yourself in someone else’s shoe and I am quite sure you will reevaluate your opinion. This statement is for daniel if A GIANT LIKE AIG CAN GET A BAILOUT WITH TAXPAYERS MONEY!! There should be some kind of relief for the taxpayers of america when they are suffering to. Let’s take for example this country is going through a major crisis right now, and have been for a while.
    But it is just to the point now where it is hurting the entire country and not just one specified set of people. But, you don’t see where there has been anything adjusted as far as trying to reduce the taxes you are already paying each and every paycheck. Yet everyday you hear/read about another company moving, shutting down, filing bankruptcy, locking the doors and noone knows until they report to work, and/or laying off over half of their staffed workers.
    So I ask who needs help here!

  30. Anonymous

    Good comments Rosa and an interesting thread. These sure are tough times. As some have suggested in this forum that people feeling entitled or looking for handouts, I certainly am not feeling entitled to anything, nor am I asking for a handout. I simply am saying that a second stimulus check would be helpful to many during these tough times and that it would be welcomed by me. That can’t be denied. Perhaps the first stimulus check wasn’t spent the way it was intended to…but I strongly believe that If a stimulus check went out in November or early December it would be spent by the majority of people retail shopping for Christmas. I welcome anyone explaining how that action would not stimulate the economy. Please enlighten me there. It would likely save the retailers from what otherwise I predict will be a disastrous holiday retail season. Please don’t anyone view this as whining because it is not. I adjust…deal with it and accept it. But it is reality. Thankfully I have no credit card debt and I’ve cut back on everything. The paycheck doesn’t go as far anymore and it is not because I am spending more money buying things that I could do without. I haven’t bought a pair of new shoes, a new item of retail clothing, or a music CD in the past year. The only thing I am spending more on are necessary items like groceries, gas (better now of course) utilities, and health care needs. You can’t go into a grocery store and buy one bag of “staples” milk, bread, eggs, toilet paper, etc. without spending $50 anymore. It is laughable, and a little offensive, for anyone to suggest that our computers or cellphones are the reason that we are broke. Many would get out of their cellphone contracts right now if they weren’t iron clad with penalties in the $200-$300 neighborhood for early cancellation. Many are using ancient computers on inexpensive dial up. Those two items are needed by many to function in today’s society. Have you tried to find a payphone lately? Ha! I agree that many things need to happen to get our economy on track. I’m buckling down and hopeful that better days are ahead. I will continue to hold out hope for a stimulus check.

  31. Anonymous

    I’ve read most of these comments. I agree with both sides of it. We also are a 4 person family. Our children are small (not in school) My husband works, i stay at home. We do not have any family to help us out with babysitting, or financially for that matter. I would love another stimulus check. Of course it would help us. My husband works at a factory earning only 30K. We have rent to pay, and 2 car payments. Yet, me make too much for public assistance. (which, would be a last resort anyway) We are stuck! And the bigger issue, is that my husdands factory will most likely go to Mexico within the next year (they have already started the laying people off.) I think the government should step it up a notch. A stimulus check would undoubtedly help. But, unfortunatly, i do think it would only be a temp. fix. We payed bills with the one we got in the summer. We didn’t help out the economy. Lol. I think some people who payed bills down (like myself) really thought it was making a dent. It wasn’t. And the others who spent it on new T.V.’s and whatnot, realized to went so quickly. And their bills where still due. If they could send one out before Christmas, i think a lot of people would be putting most of that money into the stores shopping, with the holidays around the corner, it would be perfect. I would also love to see more jobs created. It’s a horrible thing for so many people to be out of a job. I live in a small town. If you don’t go on to college.You stay here and work at a dealership or a factory. It’s sad that all the jobs in my town that so many depend on are going over seas. I have freinds who could lose their homes. It’s unfourtunate. We need a miracle. I’m very hopeful, and have a lot of trust in Obama! I hope he gets all of us on our feet again!!

  32. Anonymous

    @MITBeta: It is widely recognized that the tax cuts during the Reagan years were largely responsible for bringing our economy out of the slump it was in. And, yes, that prosperity lasted well into the 90s.

  33. Anonymous

    @ Daniel:

    “The way to stimulate the economy is to lower taxes. History proves this many times over.”

    Really? Can you site a source? It seems to me that Bush cut taxes, and look where it got us. Clinton raised taxes, and people seemed to have been doing pretty well in the 90s.

  34. Anonymous

    Daniel, yes actually they are making less. People are losing jobs or they are getting their hours and/or pay cut. My husband is short four or five hours every week, so he is making less, and he’s been at his job for 18 years. Also, if you grocery shop, you had to have seen how much food has gone up as well as utilities. Everything is way more expensive than it was just a year and half ago, so I guess you are right, people are spending more. I have a friend in California who works for the Child Support Division, a county job. The Governor sliced wages by 7 1/2 percent, her paycheck is actually smaller, but she needs a job so what can she do. So my comment wasn’t really off the mark.

    You are right, I took economics in college and it really didn’t make much sense to me. I think people tend to complicate things too much. I just know if I did not budget correctly, there would be no bail out for me. My understanding was that these checks would make people go to stores and spend money, hence injecting money into the economy and keeping people in their jobs.

    Oh, and people didn’t ask for this stimulous check, it was brought up by Congress, for whatever reason, but if they hand it out, I’ll take it. If you don’t want yours, donate it to Goodwill if that will make you feel better.

  35. Anonymous

    Cindy, yes, my wife and I have a child. Also, you completely missed the point of my comment: Money magazine did a study and found that people spend more, not that people make less, so your comment is way off that “costs have gotten so out of hand while pay has not kept up.”

    And, come on – read this post. Nearly EVERYONE commenting here is asking for a handout. “gimme gimme gimme” summarizes the vast majority of the comments.

    I don’t believe I’ve ever said that people are lazy. I know that it’s difficult – I have no job right now and I’m trying to find good work – but I also know what I can do without, and have already made substantial changes to lower my living standards. Other changes are coming soon too. And yet, I’m not asking for that second check. But, then, I understand economics.

  36. Anonymous

    Honestly Daniel, I have to ask, do you have children? The reason why I am asking is that two of the things you say people could go without, cell and internet, are just “extras”. Having children means being available if they get hurt at school and there is an emergency and I am not home. Internet, ahh, I guess if you have the schools take out the homework that is required with a computer, you could take that extra out too. We pay more on “stuff” because costs have gotten so out of hand while pay has not kept up. No one is asking for a handout, and they would probably make it without the check. But, for everything that our children have to go without during the year, it would be nice to say “yes” for once when they asked for something. Will, the checks stimulate the economy?, I can’t say. Some say yes, and some say no. But before AIG takes another vacations with taxpayers money, and yes I pay taxes, why shouldn’t some of that go to the people who could use the money. I am sure that no one means to insult people on this blog but sometimes it comes across that way. I have worked two jobs all my life, I came ten classes short of a bachelors degree just because I couldn’t afford it any longer. We are not lazy, we are hard working people who for once when we go the grocery store, would like not to count how much we are spending..

  37. Anonymous

    @Austin (52) – Money Magazine recently researched whether today people spend more money, or make less money, than a generation ago.

    I don’t remember all of the details, but some of the findings were that people spend more, not that people make less, than a generation ago. Today people spend 50% more on housing, 50% more on “stuff,” and there were increases of other things too: pay TV, Internet service, cellphones, etc. None of these things were around (or at least not so prevalent) a generation ago. So, people today need to just learn to say “no” to themselves.

  38. Anonymous

    Many (not all) people who claim to be poor have many things they could do without. You don’t NEED a cell phone, cable, subscriptions, internet, etc… The vast majority of people will not use $1000 to increase their earning potential, which is really the only thing that will help the “poor”.

  39. Anonymous

    i really think it would help alot of people.not everyone has money. alot of us work 2 jobs.so, we can live a middle class life.to these people that make alot of money. they do not care.that is why they wanted MCCCAIN TO WIN .BUT, I AM SO GLAD OBAMA took it.i hpe he can help all of us middle class people. because we are trying it is just hard times.i hope we get another stimulus check soon.

  40. Anonymous

    Ibeen reading on this posted message for somedays. And, someone responded back we not poor cause we got a computer to read these posts. Cheak this out dumb ass you every heard of the library honey they do give you access to there you kno. I dont care what no one say, we need help people work hard every day to put food in there child months, clothes on there back, and not know how they goin to pay there next bill or scared to go to ER to get check because they dont want to make a big bill. So , go head give use the stimulate check and help us.

  41. Anonymous

    I keep reading comments about how poor we are and how much we need a stimulus check. First, if you are poor, how do you have a computer to read this article and respond on? Ok, maybe you went to the library in the car you drove there. Wait, maybe you rode your bike, but I am sure you called your friend on your cell phone on the way. I am engaged, planning a wedding, and trying to support my fiance through college. I don’t make even 40k a year yet I live within my means. If you can not survive without a stimulus check, then you definitely are not living within your means. Don’t tell me there is no job available as I can open any paper and find several, if you are willing to work at minimum wage. If it gets you back on your feet then it is helping. Also, if you are so poor you need that instant check which is maybe $600 to $1000 give up your cell phone. That alone would grant you the wish of the extra stimulus in the money you save. But wait, that would be giving up a right….err is it a frill.

  42. Anonymous

    I tried to add this, but couldn’t edit the comment:

    So the real question is: what do you want? Do you want economic stimulus (tax cuts) or do you want a handout (stimulus check)? If you really want economic stimulus, start talking about tax cuts and spending cuts. If you want a handout, keep talking about that stimulus check.

    For myself, I want what’s best for the economy and the nation, not selfishly just what’s good for me. That’s why I keep talking about tax cuts. I just wish I saw more of you with that same respect for your fellow American.

  43. Anonymous

    Wow, you people really aren’t listening to me.

    Read this very carefully: IT IS ECONOMICALLY IMPOSSIBLE TO STIMULATE WITH DEBT.

    It is an impossibility. I’m not saying that I don’t want to keep more of what I earn – I do. But, these gimmicks are NOT going to stimulate anything. They are simply vote-buying gimmicks.

    The way to stimulate the economy is to lower taxes. History proves this many times over.

    Now, just so you know that I’m one of those in need: I am currently unemployed (ZERO income, ALL outgo) and I am telling you that another gimmick “stimulus” check won’t do squat for the economy. Look, I need money, and I want to see the economy rebound, but a gimmick is not the way to do it.

    Also, I find the sense of entitlement expressed by so many of you to be extremely disappointing. This is America – go out and make something of yourself! Don’t expect someone else to take care of you. Wow.

  44. Anonymous

    Yes, please…to a second stimulus check. I am a hard working woman from small town rural America. There is no job market in our small town. For those choosing to live here, fortunate enough to secure employment…a worker’s average annual income is in the neighborhood of $20,000 to $25,000 per year, and those are the jobs that are considered high pay! The average small town worker lives paycheck to paycheck and there is no money left for savings, certainly no “fun money” anymore. It is so offensive to see Celebrities and wealthy people on TV collecting their free swag bags that contain items valuing more than many of us could make in two years of 40 hour work weeks. ..people that could afford to pay for anything they could ever want, getting everything for free…but don’t get me started on that! Yes, I would welcome another stimulus check. I also believe that if stimulus checks went out in November, most average hard working Americans would stimulate the holiday retail season, because they would go Christmas shopping. Just my two cents.

  45. Anonymous

    you know i really can’t believe some of you people are against a 2nd stimulus check! oh wait if your against it you must have plenty of money unlike myself im a mother of 2 and my husband is the only one supporting us i’ve been out of work for a year due 2 back problems ,and the loss of my twin baby’s! so yes i do need that 2nd check as do alot of other low income families etc… we live paycheck to paycheck week to week day by day…….

    we deserve it…

  46. Anonymous

    It would be nice if we would get one before christmas because we are living from one check to next i hope we can get back on top of things i don’t like living from check to check

  47. Anonymous

    and some people who do work which well all do. sometimes unexpected things come up and when you are a single parent makes it harder to survive in this world…no matter if you work or dont and yes that little extra money does help those WHO NEED IT!!! so im all for a 2nd stimulas check!!!

  48. Anonymous

    well i think they should make another stimulas check! why??? we need it and a majority could use the money for the holidays and to pay down alot of there debt like people like my family! honestly the people who are bitchin about it shouldnt get one then give it to people who need it and can use it then…but dont ruin it for those who can USE IT/NEED IT!!! not all of us live in a high class environment…

  49. Anonymous

    To Shaun, number 37, do you havies babies that drink formula and maybe you have lost your job and can’t afford it? I remember how much formula cost, and their are a lot of people out there that literally count their pennies to feed their kids. A stimulous check might not solve our economic crisis, but it might feed a few kids for a couple of months. Would you rather the money go to AIG so they can take another spa vacation?

  50. Anonymous

    I agree with the person up there who says why shouldn’t we get the check? There are families out there, like my own who could really use the money. My family does everything the right way, we pay our bills and try not to buy the horse before the cart. We don’t purposely give ourselves raises when we know our budget doesn’t allow it. These corporations that give their CEO’s million dollar bonuses and run their companies into the ground are not better then the average American family. Why should they get a bail out while the ones who make this country run i.e. blue collar workers, suffer? Lets face it, if the government doesn’t give us some of the money, some Senator or member of Congress will find some earmark to give it too.

  51. Anonymous

    as a single mom the stimulus check would come in so greatly …. all these people who doesnt want the plan thats fine.. if it is passed and you get one jsut write “return to sender” and give it back to the mailman…. it wont be that hard for you to do ….
    me on the other hand would probably break down and cry because then i would be able to afford to buy my kids some things for christmas which right now i cant do… i work but make barely enough for us to live on…. so when you all are saying this aint going to help anyone think about people like me and my kids who do the best they can and still have nothing….

  52. Anonymous

    I’m “poor” and work for about minimum wage.

    And I don’t “need” a stimulus check. I have yet to meet anyone who was “poor” for more than a few years because they just “couldn’t” help it.

    Quite frankly, those who demand to be handed free money (literally) taken directly from those who built wealth… if you would just brush up on your words, and spend a few minutes thinking about what you are writing, you would come off a little better. Check your spelling and grammar.

    If you keep telling yourself that you can’t do well, and that you need others — you always will. Welcome to reality.

    Oh. Where do you think the money is coming from? The people. Yes, let’s rob the people to pay the people for the sake of the people. Economics doesn’t work that way. Sorry.

  53. Anonymous

    IT IS SO EASY TO SAY THAT WE DO NOT NEED A STIMILUS CHECK,WHEN YOU MAKE SO MUCH MONEY THAT YOU DONT KNOW WHAT TO DO WITH IT.BUT IF YOU HAD TO WORK HARD AT A FACTORY JOB,THAT COULD BE GONE TOMMORROW,AND HAVE TO RELY ON OTHERS TO HELP YOU,THEN YOU WOULD CHANGE YOUR TUNE.HOW WOULD YOU LIKE TO WALK IN THOSE SHOES FOR A WHILE?

  54. Anonymous

    Everyone talk about it want do us no good. I am one of the ones who suffer. I can’t afford my bills or to attend the doctor. My job dosent pay shit… and i bust my ass everyday. So, I am say end me the money help me pls. I have diabetis, high blood pressure, bronchitis, arthritis, must i go on…and i am only 26 yrs old. I need as much help as I can , I am a heard worker

  55. Anonymous

    I have to say this–since being laid off last year, I have had to accept o job making 1/2 of what I was…I am own my own–with a mortgage and car payment…it was no fault of mine that my job is going to Mexico…I feel like the second rebate ck should be more than the first…this would help GREATLY with my bills! You look at the debtness of our nation now…we will never get out f it…so why not look after the Americans who could use the help? The ones who dont want it–heck, pas it to me–I will gladly take it to buy food, pay power bill and gas for my car!

  56. Anonymous

    @Sherri (32) – It is simply impossible to stimulate with debt. These stimulus checks are gimmicks that create an artificial temporary increase, if anything at all.

    To truly stimulate the economy will require cutting taxes and reducing government interference in our lives.

  57. Anonymous

    I, for one, would love another stimulus check. The last one I had to spend on bills, no choice. Hypothetically, lets assume we would receive a rebate check before Christmas….I know that plenty would spend it at the store for the holidays. And that IS stimulating the economy.

  58. Anonymous

    Hi. I am in the same boat with all the middle class families that have fallen on hard times. First only my husband works and make $50k a year there our four in our family our son has asthma insurance sucks. we have a arm on our mortgage cant get refied our payment is crazy. Ive been out of work for 2 years unemployment has long run out. Our daughter gets ill easy so we are always robbing peter to pay paul. So YES YES to a second stimulus check. Oterwise christmas will not be. Give the money they will spend for christmas. Also i live in northern indiana everyone knows from the news this area is very bads off. So again YES YES on a second check. NOW!!!!!!!!!!!!!!!!

  59. Anonymous

    It seems to me that there is many people out there who really doesn’t need it so why not give their portion to the ones who really does need it. Maybe that will stimulate the economy even better. I am sure the people who don’t need or thinks it is a stupid idea won’t mind sharing.

  60. Anonymous

    Yeah, I could definately use that check, we have 4 kids my husband is the only one working and my unemployment has run out,, and i have not been able to find another job YET!! With Christmas right around the corner!! Hell yeah!! When you live paycheck to paycheck, ANYTHING will help,, US LITTLE PEOPLE!!
    we dont all make 6 figures!!!!!!!!!! And yeah right, like im gonna save it!! ive got 4 KIDS!! WE NEED IT!!

  61. Anonymous

    I assume every business is in business to make money.

    What business owner is going to hire new employees on the basis of the brief spurt of business another stimulus check might bring, much less start a new business, with Obama’s philosophy of Chicago-style regulations, hikes in capital gains taxes, hikes in marginal tax rates, “spread the wealth” and hate the rich (i.e., anybody who makes more than $250,000 in any one year)?

    They’d have to be nuts. Part of this market collapse has to include the people, like me, who decided to lock in some of our capital gains this year to keep from having them seized by an all-Democrat government next year.

    I only wish I’d liquidated everything instead of only some of it. Whenever McCain shows a slight uptick in the polls I’m tempted to buy, but have to remind myself that the media, ACORN and Soros have been busy bees all year and the safe bet is that it’s in the bag for Obama. Prices on some great stocks are getting so low it’s harder to resist every day, but I’m going to wait until after election day. An all-Democrat government is what we had for the last seven years of the Great Depression, and only war pulled us out of that one. Not something to bet on.

  62. Anonymous

    Donny Gamble:
    The Fed is complaining that Americans spent the first simulas check paying down debt, rather then going out and buying a $600 purse or TV.

    They are now trying to figure out how to make the money go on buying stuff rather then getting us out of debt.

    They were at least smart enough to not suggest sending the money out as “Wal-mart gift cards”, becuase even they could see that I’d take the money I normally spend there, and redirect it to paying off another month of my mortgage, or my credit card.

  63. Anonymous

    quite frankly, it must be nice to be able to ‘save’ at all, let alone a stimulus check. as a single mother who earns a decent income and is frugal with money and STILL can’t put food on the table and see’s the holiday’s a blink away…yes, a stimulus check is desireable, but more than that…beyond necessary.

    just because some are able to save this kind of ‘bonus’ or pay off debt (which i have none of) does not mean all are in the same boat. realize that there are those living in poverty while working hard and doing all the right things. we may be the minority, but we are out there and it is insulting to hear people complain about there being another and oh well, i think i’ll just ‘save’ mine.

    ….really must be nice.

  64. Anonymous

    Don’t get me wrong. I’m not necessarily advocating the issuing of checks to all working families… I’ll agree with Nickel that I don’t think that the stimulus from earlier this year is having its intended outcome.

    But, there are a lot of ways to incentivize the economy, so don’t rule out ANY stimulus based on thinking that we’re just going to get another round of checks.

  65. Anonymous

    Maybe the fed can just send me 10,000 shares of the next bank they buy into. I’d take that over a stimulus check! Seriously, though, how many people out there complaining about the stimulus checks are ones who didn’t get them in the first place (making $160k-plus or whatever)?

    As someone under 30 in a family which makes somehwere between $75k and $90k, depending upon business income, I’d welcome the check! I’m ALWAYS willing to borrow from the future to avoid financial meltdown NOW. To be fair, I’d likely invest the actual stimulus in Roth IRAs and 529s, but doesn’t buying shares of stock also help the economy?

    I think this is a time when shocks to the system need to be used. Even Ben Stein agrees that government action is prudent, though I don’t know his thoughts on the stimulus.

  66. Anonymous

    Stimulus packages like this do not work. I also fall into the family of 4 with (almost) a $60k income category and I would welcome an $1800 check, but I honestly don’t think it will get the economy going – at least not for very long. You MAY have an increase in spending by some while others (dare I say the smart ones) will save it or pay off debt, so the impact would be pretty small. No new jobs would be created, and that is what people like Kristin and her husband need. A stimulus check would help them out for a month, but a job would help them out long term (kind of like the old saying about a man and a fish).

    Past experiences show that tax cuts and infrastructure spending by the government would do much more to grow the economy and create new jobs than any stimulus package ever would (obviously the last one didn’t work so well). Trickle down economics does work. Unfortunately most politicians in Washington are more concerned with short term band-aids to help them get elected than real solutions to build a stronger future.

  67. Anonymous

    A stimulus of any kind should meet three important criteria:

    1. It should actually stimulate the economy.
    2. It should be short term and temporary.
    3. There should be a long term component to make sure that whatever mistakes put us where we are cannot do so again.

    I’m not an economist and don’t know how to achieve those three objectives, but I strongly disagree with Nickel’s general assertion that, “Borrowing from the future to prop up the economy in the short term just doesn’t seem like a sound long-term economic policy.”

    It makes perfect sense to do this IF the three criteria above are met, since the ultimate effect will pay for the initial stimulus. However, I would agree that if these criteria cannot be met, then we should forgo a stimulus.

  68. Anonymous

    I agree. A second stimulus package will do as much as the first one – Nada. Besides, our dollar can’t continue to take more debt on top of more debt. These bailouts threaten our strength as a nation, and in turn our economy. Maybe the next stimulus checks should come printed on foreign currency.

  69. Anonymous

    What about those people out there who are good people who have been laid off of work because of this big world crisis, my husband and I have three kids, and just last week were laid off from our jobs, our employeer told us that if we filed for unemployment we wouldnt get it, the second round of checks would really help us right now.

    [A lengthy treatise on the ‘We Deserve It’ dividend has been redacted because it’s based on flawed math. $85B split 200M ways works out to $425, not $425,000. Sorry.]

  70. Anonymous

    Hi need that Damm second stimalis check,I have a handicap son that is 21 years old that im taking care of. My husband only works part time hours. So therefore im taking care of most of our housewhole needs.I will do alot with that money….

  71. Anonymous

    The best stimulus we could have is a constitutional balanced-budget amendment. Baby Boomers need to quit stealing from their children and grandchildren for their spendthrift ways.

  72. Anonymous

    Screw a stimulus check. It’s not going to help out at all. My parents took their stimulus check and paid their bills with it. What the government need to consider is clearing out everyone’s debt, and then send out another stimulus check. That would for sure fix this fucked up economy.

  73. Anonymous

    All you people that are whining about giving away stimulus checks are just whining because you make so much money that you won’t be getting a check. I know $1800 to you is only a weeks pay takehome, but for a family of four making $60,000 thats a house payment and a months worth of groceries. So it actually takes the debt chokehold off of you for a few weeks.

  74. Anonymous

    I don’t think the new stimulus plan will be in the form of checks, will it? I thought it would be more in the idea of “The Great Society” where the government invests in areas that will create jobs. I hope that is still where they are.

  75. Anonymous

    I much preferred the second stimulus package the Dems proposed immediately after the first: funding for infrastructure improvements. That solves two problems: job creation (thereby increasing the income tax base), and fixing all those roads and bridges that we’re going to have to fix eventually anyway (thereby saving money that would be spent doing expensive emergency repair when, say, a bridge in Minneapolis collapses.)

  76. Anonymous

    I don’t think a second stimulus check will help out the economy, due to the fact that people don’t spend their money on the right things. Instead of investing their money back into the market with the checks, they spend this money on stuff that they want instead of stuff that they need.

  77. Anonymous

    If any stimulus is needed, it should be in the form of government spending on alternative energy R&D and related infrastructure. Giving more money to consumers to spend is like giving a drink to a drunk. Tax cuts would be bad fiscal policy right now, as much as I hate to admit it.

  78. Anonymous

    Honestly, I don’t see how anyone could boast about a tax rate cut – given our national deficit, we all have a duty to pay in to the system, no matter our income.

    That said, I’m in agreement with you about a second round of stimulus checks. However, if we receive one, I figure I put it in savings for my kids’ future, if nothing else.

  79. Anonymous

    If they are going to go ahead with any sort of stimulus, I hope it would only be focused on speeding/loosen the flow of lending, and be focused on infrastructure improvements (roads, bridges, dams, etc). I think another round of checks to individuals is the opposite of what we need (if anything beyond time).

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