Negro . . plenty of grammar. what about those who have lost jobs and those facing foreclosures? they will devise their own way out of their demise?

You guys are not in tune with reality. Companies like John deere and Caterpillar who depend on the US construction industry and exports to china are in need of these stimulus projects. how do you think caterpillar would fix itself if nobody is building new houses, malls, restaurants etc?? consultancy companies like Accenture etc are in big trouble too.

whichever one could not do so is probably deserving to go belly up anyway and should rightly be a good riddance.

yes it's their faults they can't find financing for their interest payments or their markets dried up due to circumstances beyond their control

@bawomolo,

You guys are not in tune with reality. Companies like John deere and Caterpillar who depend on the US construction industry and exports to china are in need of these stimulus projects. how do you think caterpillar would fix itself if nobody is building new houses, malls, restaurants etc?? consultancy companies like Accenture etc are in big trouble too.

So what is your take? that the govt should go bail them out too? How many people will the govt bail out? Where does it end? Should the govt come bail me out for almost half a million dollars in lost values of my real estates? The reality is that the govt can't bail everybody out, and should not even try!

yes it's their faults they can't find financing for their interest payments or their markets dried up due to circumstances beyond their control

The nature of markets is that the strong survives and the weak either die or are taken over by the strong. Why do you guys accept the principles of natural selection by Darwin but ignore it in the market place?

The reality is that the govt can't bail everybody out, and should not even try!

would you have given FDR this advice?

The nature of markets is that the strong survives and the weak either die or are taken over by the strong. Why do you guys accept the principles of natural selection by Darwin but ignore it in the market place?

the thing is after the big boys like Caterpillar collapse, there would be nothing left. Where would the upstart companies to replace them get financing??

@bawomolo,

would you have given FDR this advice?

You wonder why almost all of FDRs pet projects are in trouble today and part of the trouble of the economy - FHA, Fannie Mae and Social Security.

the thing is after the big boys like Caterpillar collapse, there would be nothing left. Where would the upstart companies to replace them get financing??

Wellsfargo bought Wachovia. Buffet basically bought Goldman Sachs. The truth is that recessions provides opportunities for redistribution of wealth. The question is will the redistribution favour govt or the citizens?

yawn!!!!!!

tired of debating with people who will never change. their only guiding principle is "anything against obama is good" . . . .yawn!!!

less than a month into office, someone says he is already a failure for the mess he inherited . . yawns!!!!!!!

rush lumbaugh blamed obama for the mess while he was still the president-elect . . .yawn!!!!!!!!

majority of economists in the US and even the UK have said a stimulus is necessary including old john's economic advicer and mahority of right wing economists, but "sudden on-set emergency economists" and republican holy economists think otherwise . . . yawns!!!!!!!!!!

do nothing does nothing but new improved novel prize deserving holy economists think otherwise . . . . "yawn!!!!!!

obama has said this thing is not perfect . . . . but is surely better than nothing. but the do-nothingers feel otherwise. . . .yawns!!!!!!!!!

okay o, what do i know, i'm just another struggling foreign student trapped in by the river thames . . yawns out!!!!!!

Tayo-D:

@bawomolo,
You wonder why almost all of FDRs pet projects are in trouble today and part of the trouble of the economy - FHA, Fannie Mae and Social Security.

more than 60yrs after he created them we now blame FDR? What next? Blame Washington for founding the country in the first place?

@davidylan,

more than 60yrs after he created them we now blame FDR?   What next? Blame Washington for founding the country in the first place?

Perhaps Yes!  

But seriously, what is being proposed is unsustainable in the long run.  We are told this stimulus will negatively affect GDP but will permanently increase govt spending.  Now how do you sustain that?

Tayo-D:

@davidylan,
Perhaps Yes!

But seriously, what is being proposed is unsustainable in the long run. We are told this stimulus will negatively affect GDP but will permanently increase govt spending. Now how do you sustain that?

What is the republican alternative and what is its long and short term impact? Thank you.

@Davidylan,

What is the republican alternative and what is its long and short term impact? Thank you.

I am not a Republican and will not speak for them.  However, there are two things that will help and that is a combination of leaving the markets alone to correct itself and tax cuts.

Corporate tax is one that needs to be cut to reduce the cost of doing business and freeing up more money for both investment and expansion.  Leaving the market alone to correct itself ensures that there is no bubble that will eventually burst in the near future.  This makes for a stronger economy.

There will be pain in the short term, but we will not be mortgaging our children's future to ameliorate a present problem that does not eliminate the threat but masks it.

So tell me, how does Obama's plan solve the problem?

Tayo-D:

@Davidylan,
I am not a Republican and will not speak for them. However, there are two things that will help and that is a combination of leaving the markets alone to correct itself and tax cuts.

When will they "correct themselves"? 2014 when the democrats would have been voted out of power by rethuglicans like you who would have accused them of standing by while millions lost their jobs?

@davidylan,

When will they "correct themselves"? 2014 when the democrats would have been voted out of power by rethuglicans like you who would have accused them of standing by while millions lost their jobs?

Two things. First, this is no time for political posturing. A correction has to take place and it will be painful. You think I find it funny that I have lost almost half a million dollars in real estate value? Second, the current proposals is not guaranteed to solve the problem. So why throw good borrowed money after bad?

Whether they like it or not, the Dems will still find themselves in that unenviable position in 2014. Just as 911 was thrust on Bush, this economic meltdown is Obama's economic 911.

@topic,

NEW YORK (CNN) -- Well, that didn't take long. Three weeks into the new administration and the Democrats are squandering their advantage and threatening to snatch defeat from the jaws of victory.

Credit House Speaker Nancy Pelosi for getting the ball rolling. Under her leadership, House Democrats excluded Republicans from having any voice in crafting the stimulus package.

Acting like children who hadn't seen Santa Claus for eight years, House Democrats busily loaded up the bill with stuff they had been unable to get for eight years. It was payback time.

Contraception, funding for the arts, restoration of the national mall, stop-smoking programs. All while Americans lose their homes, their jobs, and their savings. It was both childish and disgraceful.

Apparently tone deaf to the disgust and disappointment of Americans with the bailout package for Wall Street and the banks last year, as well as the voters' strongly stated desire for change as represented by the election of Barack Obama, House Democrats set the table for failure -- again.

Not a single Republican in the House voted for the bill, despite efforts by our new president to reach out to the other side. Nancy Pelosi strikes again.

When asked if the lack of Republican support was at least partly her fault, she gave some snotty answer about not being partisan but working for the American people. Right.

My guess is President Obama is busy these days sticking pins in his Nancy Pelosi doll. To his credit, Obama argued against a lot of the pork while stressing that time is our enemy. Pelosi could care less.

As the legislation headed for the Senate amid cries for more stimulus and less pork, the Republicans pounced. Sensing yet another Democratic miscalculation, the Republicans seized the advantage in the debate.

They want more tax cuts and more real stimulus -- stuff that will create jobs now. Not some pie in the sky proposal that may pay dividends years down the road. And they're right.

The real game starts if and when the Senate passes a bill devoid of a bunch of the garbage the House Democrats stuffed into it. Then it goes to a conference committee where the drama will be whether, in a grand twist of irony, President Obama and the Republicans wind up aligned against members of the Democratic Party in an effort to get something realistic on the table before the economy simply slides the rest of the way into a deep crevasse.

Meanwhile, angry voters are jamming Capitol Hill phone lines screaming about the politics as usual that is so far the hallmark of the new administration. Welcome to Washington, Mr. Obama.

When it comes to the Democrats under Nancy Pelosi, what was it Pogo used to say? "We have met the enemy and it is us." http://www.cnn.com/2009/POLITICS/02/10/cafferty.house/index.html

what people don't realize is that funding for the arts would provide jobs.  Are artists robots, are sculptors aliens? The WPA program under FDR provided a lot of jobs (artists were hired too).  People use the arts for solace during tough times.  Where would all those college kids with art degrees go to? Some people don't think.

Let's approve $700 Billion for Wall Street so that idiotic CEOs should be rewarded, then let Americans suck it up and pick up from scratch. If we truly believe in this 'do nothing approach" Americans should swap positions with Nigerians where Naija govt does not do anything for its citizens. Spend $800 biillion in Iraq and spend nothing on American soil. senate minority leader Mitch Mcconnell saying that govt does not create jobs while still getting his paychecks from US tax payers. Some Republican senators and house members saying that GOVt does not provide healthcare while still being covered by Blue Cross Blue Shield provided by Govt and  funded by US taxpayers. Let all the policies we all wish for start from our backyard.

tell them