Try ‘trickle-up’
Bobby R. Gilbert, Americus
Monday, March 23, 2009
MR. PRESIDENT:
This economic stimulus package has me scared to death. I know you are taking advice from the best economists in the country, but they are working with theory. This is not a time for theory, but a time for fact. Please get some historians and deal in fact. President Franklin Roosevelt proved that if you get the money in the poor man’s hands, he will spend it and the economy will immediately fire up. He’ll buy groceries, pay up his mortgage, buy a new car, new washing machine and have money to put down on a home and everything you can think of.
I hear on the news this stimulus package could cost each family in America between $300,000 to $400,000. Send just half that amount or less to each family and the car companies, banks and every other company will be able to bail itself out.
You know, to start a fire you start with kindling, not logs.
May God bless and guide you.
dalelinn (Dale Linn) says...
Robert, I agree with your letter. It should be noted though, that most of the money spent for the new washing machine, and some of the car money would be going overseas. The main cause of the depression was the Fed Reserve/Wall Street greed exporting manufacturing and importing cheap labor. It's too late, despite anything the Fed/Government does to avoid the depression now. It is a hard pill to swallow though, putting the taxpayer into hock to enrich the people that is causing the hurt we are to endure.
March 23, 2009 at 5:52 p.m. ( permalink | suggest removal )
goodoleboy (anonymous) says...
Please explain your sentiments Observation, socialism was going on well before Obama took office, stop being so biased, at the currentt rate the Republican party is not going anywhere, polls confirm this. We do have some real POS's in Congress right now that are on left and I hope they are gone when it comes their seat comes up. I'm still waiting to see a plan from the right, instead of just criticism.
March 24, 2009 at 1:52 p.m. ( permalink | suggest removal )
create (anonymous) says...
I too am waiting to hear a plan from the right. I just heard Fred Thompson and others on CNN criticizing the plan, yet not one offered a solution of their own, not one. That alone is frustrating, especially when reporters don't ask for alternative plans. Even on this forum, there are no alternative ideas only rock throwing. President Obama has asked us over and over to be patient yet everyone wants instant results. This economy didn't get this way overnight. Remember the bubble when so many people were using their houses as bank accounts and buying SUV's with refinance $$?
March 25, 2009 at 8:49 a.m. ( permalink | suggest removal )
seriouslyfolks (anonymous) says...
Actually there have been alternate solutions posted on these very forums(not that it really matters) but people only see what they want so......................... A few third party candidates had alternate plans but since they didn't have a D or an R by their names on the ballot people refused to listen. I'm not going to say anything bad about President Obama because the same people that bashed Bush will bash me for not respecting the office of the president. Party loyalty is a funny thing.
March 25, 2009 at 10:03 a.m. ( permalink | suggest removal )
open_eyes (anonymous) says...
Once again, I'm curious about FDR's "proof".
His own Treasury secretary stated before Congress in 1939 (after 6 years of his policies) that "it was not working". (Gee, ya think he had any inside insight/knowledge?) I've posted his speech here before.
Half of the economists believe that his policies actually lengthened the depression (theory, of course, just as much as the theory that his policies "worked").
His policies also created what is known as "The Depression within The Depression". Look it up.
The FDR library itself states that it was pretty much the war that lifted us out of the depression.
And yet, we had a recent article in the Gazette talking about FDR's programs that "Nearly anyone who wanted a job could get one". REALLY? 17% Unemployment and jobs were that plentiful? Like was just stated, isn't party loyalty a funny thing????
Yes, Bush DID abandon GOP principles and start us down this road with overspending, and TARP. And he admits it, as I posted on another link. But ALSO, as I posted on the other link, let's not forget, Bush stated he did NOT intend to ask for the 2nd half of the 700 billion (the other 350) UNLESS Obama asked him to. And Obama asked him to, and then he did. So I look at half that TARP before Jan 20th as Obama's, not Bush's. Maybe Obama wanted the deficit to look worse when Bush left office, so his could look better, I don't know.
As far as a plan, not criticism, I pretty much heard the same for the last 8 years. Just pull out of Iraq, leave the country in shambles. No plan. So, I've heard plenty of "plan" for this - let them fail. Let those who screwed up fail. Let those who didn't pick up the pieces & move on. Let the market decide. That's a plan every bit as much as lets just pull out of Iraq tomorrow is, is it not?
March 25, 2009 at 12:54 p.m. ( permalink | suggest removal )