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Obama's Economic Stimulus Package - Politics - Nairaland

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Obama's Economic Stimulus Package by samorijack(m): 10:49pm On Jan 30, 2009
No single republican voted for Barak Obama's 800 Billion Dollar stimulus package. How much of that was political?
Re: Obama's Economic Stimulus Package by vowiski(m): 10:59pm On Jan 30, 2009
THAT'S the change we are talking about.
lol.
think change is easy.? this is his first step.
if the senate doesnt not pass this stimulus bla bla bla, it would be a shame.
Re: Obama's Economic Stimulus Package by samorijack(m): 11:20pm On Jan 30, 2009
That bill flew only because the democrats are in the majority in the house, Interesting is'nt it
Re: Obama's Economic Stimulus Package by IGWEUSA(m): 10:18pm On Jan 31, 2009
Liberal borrow and spend attitude. Which kind of economy will "building dog parks" stimulate.
Re: Obama's Economic Stimulus Package by DisGuy: 10:31pm On Jan 31, 2009
what's the alternative ?
Re: Obama's Economic Stimulus Package by IGWEUSA(m): 10:43pm On Jan 31, 2009
Dis Guy:

what's the alternative ?
@ dis guy
Eliminate all those porks starting from the money they planned to give to the so called "community organizers" like ACORN.
Moreover, it is better to send those cheques directly to the tax payers and also cut tax rates for all, but rich and poor.
Re: Obama's Economic Stimulus Package by courage89(m): 6:09am On Feb 01, 2009
IGWE_USA:

@ dis guy
Eliminate all those porks starting from the money they planned to give to the so called "community organizers" like ACORN.
Moreover, it is better to send those cheques directly to the tax payers and also cut tax rates for all, but rich and poor.

Igwe my man,

So you really think sending the funds directly to tax payers, and reducing tax rates will cure the financial crisis and restore confidence in the market. Please, explain how this is going to work.

How will the rebate cheques and tax cut improve employment / economy going forward? What’s to stop the receiver of rebates cheques from hoarding their money when they're suppose to spend it? My take on stimulus / rebate check is that it is supposed to improve consumer spending. If consumer spending does not improve; that means liquidity remain unchanged, demand for consumer product remain unchanged or continue to nosedive while labor market continue to suffer. It means we’re right back where we started from.
Re: Obama's Economic Stimulus Package by courage89(m): 6:11am On Feb 01, 2009
I believe we need more than rebate checks and tax cuts.

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