2009 stimules packege

**maskedman58** · 01-27-2009 12:56 PM

Originally Posted by burgy240

^The Stimulus package money comes straight from our tax money.

More importantly, for every band aid the Government tries to use the Longer the recession continues because they are not allowing free markets to operate properly. We need the lows to balance out the highs.

quick example, home prices in the Bay area went up more than 4x in some places yet the average wage in the bay area has stayed almost the same in that time period. So how do you afford a house that costs that much if you don't make more $??? also, the percentage of your total income that is supposed to be dedicated to a house payment should be less than 30% but people were getting ARM loans where the debt was as much as 50% or more of their total income... So I'm supposed to shell out more taxes to bail out someone that doesn't understand what an ARM loan is and still took it anyway???? and I'm supposed to pay more taxes to bail out someone that committed almost half of their income to a house payment???

When it comes to the specific topic mentioned in this thread, giving money to the people won't fix our economy, just create more debt. Giving it to the Banks doesn't work because they just hold it to close the gap between the FDIC's requirements for reserves on bad debt and the # of loans that they have in preforeclosure and foreclosure... So if they just keep it, they aren't lending it to people creating new businesses and new jobs.

our tax dollars arent paying for shit... where do you think they got the 700,000,000,000 bailout money? CHINA! we owe them all of our money. the Chinese own us now. why not borrow some more from those bastards?

**CoRDiTe** · 01-27-2009 07:18 PM

Originally Posted by burgy240

^The Stimulus package money comes straight from our tax money.

More importantly, for every band aid the Government tries to use the Longer the recession continues because they are not allowing free markets to operate properly. We need the lows to balance out the highs.

quick example, home prices in the Bay area went up more than 4x in some places yet the average wage in the bay area has stayed almost the same in that time period. So how do you afford a house that costs that much if you don't make more $??? also, the percentage of your total income that is supposed to be dedicated to a house payment should be less than 30% but people were getting ARM loans where the debt was as much as 50% or more of their total income... So I'm supposed to shell out more taxes to bail out someone that doesn't understand what an ARM loan is and still took it anyway???? and I'm supposed to pay more taxes to bail out someone that committed almost half of their income to a house payment???

When it comes to the specific topic mentioned in this thread, giving money to the people won't fix our economy, just create more debt. Giving it to the Banks doesn't work because they just hold it to close the gap between the FDIC's requirements for reserves on bad debt and the # of loans that they have in preforeclosure and foreclosure... So if they just keep it, they aren't lending it to people creating new businesses and new jobs.

It still makes no sense because People who do have payments or credit cards that still pay off their debt arent having other people pay it for them. and I am a tax payer just like you so according to your system, even though I am paying my own debt i pay off yours too and your parents and everyone else in this country ? Plus if im not mistaken we owe China a shit load of money cause we borrow money from them to pay off our own debt.

China is the Bank we borrow from them and as a whole we pay them back. we arent paying ourselves back.. China is reaping off the interest and benefits.

Plus my taxes on my paycheck are still the same as last year. So I am not getting paid any less then I was last year. I am actually getting paid a little more.

**burgy240** · 01-27-2009 08:43 PM

Originally Posted by CoRDiTe

It still makes no sense because People who do have payments or credit cards that still pay off their debt arent having other people pay it for them. and I am a tax payer just like you so according to your system, even though I am paying my own debt i pay off yours too and your parents and everyone else in this country ? Plus if im not mistaken we owe China a shit load of money cause we borrow money from them to pay off our own debt.

China is the Bank we borrow from them and as a whole we pay them back. we arent paying ourselves back.. China is reaping off the interest and benefits.

Plus my taxes on my paycheck are still the same as last year. So I am not getting paid any less then I was last year. I am actually getting paid a little more.

Actually China is one of the largest Buyers of our securitized debt...but in the end yes the money goes to them.

If you don't think that our taxes are going to be affected by it then I guess I'll just stop here because there is sooooo much that goes into it. Financial markets are so vastly complex nowadays that 90% of the people selling securitized debt didn't even know what they were actually selling let alone the average joe on the streets.

And I'm talking about the bailout and the stimulus as a whole, not about a credit card payment an individual may have. That is peanuts compare to the economic distress we are in...

**StreetBlitz** · 01-27-2009 09:05 PM

Originally Posted by burgy240

3) In a system with winners and losers....there has to be losers for it to work...

If thats the case... I want a trade w/ cash on top.

**perdition79** · 01-28-2009 12:08 AM

After three pages of this dialectic, you're all starting to see the big picture.

Originally Posted by maskedman58

our tax dollars arent paying for shit... where do you think they got the 700,000,000,000 bailout money? CHINA! we owe them all of our money. the Chinese own us now. why not borrow some more from those bastards?

Right. Our tax dollars merely service our debts, they will never (and can never) be repaid. China will own us soon enough. A couple trillion in 10-year treasuries come to maturity this year. $500 billion for China this March. I'm not going into a compound interest discussion, but China will not accept treasuries with a yield of 2.6% to service treasuries that had a yield of over 4%. That's going to be a "what else you got over there?" moment, when China buys up everything worth a damn in the U.S. that isn't nailed down, sticks it in the tens of thousands of empty shipping containers at our ports, and ships it home. Corporations will surely have some new commie board members seated when the Chinese government buys 49% of every major American company.

Originally Posted by burgy240

^The Stimulus package money comes straight from our tax money.

When it comes to the specific topic mentioned in this thread, giving money to the people won't fix our economy, just create more debt. Giving it to the Banks doesn't work because they just hold it to close the gap between the FDIC's requirements for reserves on bad debt and the # of loans that they have in preforeclosure and foreclosure... So if they just keep it, they aren't lending it to people creating new businesses and new jobs.

That money is not tax money, it's borrowed from the Federal Reserve, through the issuance and sale of treasuries. Of course, the last few treasury auctions have been shitty at best.

You're right about fractional reserve ratios. Banks aren't loaning money right now because they'd rather de-leverage. Banks have basically stopped playing the game. The whole problem with the game is that it's predicated upon sustained exponential growth; without it, the ride ends, and the bankers have decided to stop the ride this time. (I don't understand why, it's not like the money's real, or that they make any consideration to any loan they write.)

Anyone who still has a bank account anywhere other than a credit union is suffering from Stockholm Syndrome. If anyone can understand this, the time to transfer your accounts to a credit union is now, before a bankers holiday is declared.

**maskedman58** · 01-28-2009 12:29 PM

thats why I said to hell with banks a long time ago and keep my accounts at a credit union.

**Amelite** · 01-28-2009 05:25 PM

Originally Posted by Ares

iv heard a few things but nothing concrete as of yet heres the few links i found that seem kinda useful

2009 Stimulus Check - Package Plan Economic Stimulus | The Daily Bragger

Second Stimulus Check - Will There Be A 2009 Economic Stimulus Plan? | Money Smart Life

Are we getting a stimulus check for 2009? - Yahoo! Answers

The fifty grand idea is a joke.

If you divide the amount we're spending in Iraq, if that's truly even the correct guesstimation, by about 200,000,000 we would have about $3,000 in our pockets, not $50,000.

We need to take all of our over sea business and bring it back here. It will stimulate this economy immencly.

**CoRDiTe** · 01-28-2009 07:48 PM

Fuck this shit. I say we ask bill gates to pay off the debt and repay him instead of china. Heh.. borrow from an american and repay an american.. he can afford it

Ted turner could afford to get rid of atleast 500 bil Warren Buffet can afford another 600 bill and My best friend Gates could give up a measly 1 trill.. heh. Lets give them a call.. Im on the phone now... brb

j/p

**DeLSoLRo** · 01-28-2009 08:33 PM

^ask them to buy me a poopra

**maskedman58** · 01-28-2009 08:48 PM

those guys like bill gates and warren buffet are the ones who want to control us.
YouTube - Eugenics part 1
look into eugenics. Hitler was a big fan.

**Prowlin_Pasco** · 01-29-2009 09:42 PM

So any news on this thing? I know it passed the House, but I cant find any real details...Im sure most of it is stupid crap, the only thing I want to know is...are we getting another farking check?

**Ares** · 02-01-2009 01:42 AM

no actully as far as i hear it over 2/3 of congress opposes this thing so now obama is looking to the masses to write to congress and local goverments to get a enough sigs togeather to get the bill passed

**Orion ZyGarian** · 02-02-2009 07:24 AM

I hope it does pass. There's a bunch of Chinese made stuff I want to buy.

**chi town brat** · 02-02-2009 08:15 AM

Originally Posted by emodsm

No!! they need to stop giving us money!! when will they learn giving shit away doesn't work.

agreed

**chi town brat** · 02-02-2009 08:21 AM

Originally Posted by googlemeh

We need to take all of our over sea business and bring it back here. It will stimulate this economy immensely.

While we could never take all of it back I agree that we need to take it back.

Companies who go Green can make the EPA happy and see a good ROI. This may bring back manufacturing to US soil. But then you have the movement to unionize again and that could throw a red flag up to companies.

Funny how the Big 3 unions reportedly wouldn't budge to help out the failing companies and the employees they represent and how so many in the US Gov were disturbed by that. Now what do we see, the US President pushing unions.

I also read a report where the Union that contributed a very large sum of money to the Democratic war chest issued a statement, follow through on your promises or else.

Freakin hilarious.

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