Republicans may undercut economy

[Jagger]

IF STATES FAIL TO USE STIMULUS FUNDS AS INTENDED, EFFORTS TO STRENGTHEN ECONOMY COULD BE UNDERCUT

A few governors and legislative leaders have suggested that their states might not accept the full amount of fiscal relief in the new recovery legislation or might use the funds to finance tax cuts or build up reserves, rather than spend them as Congress intended. Such actions could weaken the new law’s impact, and possibly even prolong the recession, by reducing the amount of stimulus injected into the economy.

http://www.cbpp.org/2-24-09sfp.htm

[Silver]

What nonsense....we will recover from this recession as we have in past recessions.....with Obama or without Obama.....
with the massive spending, or without the massive spending..

Or more likely, in spite of Obama and in spite of the massive spending...

but that won't stop the Dims from claiming the credit for the recovery or for blaming the R's for any and all setbacks to a recovery.....

Not get off the Koolade

[emmett]

How interesting! Then again, those states could just experience a revamping from the private sector which would have a much less dependant, yet fruitful impact on the economy.

A job created by a solid private , non government subsidised, company is a much greater civil asset than otherwise. Economically it impacts the direct markets better and has lasting effect. An entity that has recieved help will not operate as carefully, falsely believing that since it was catapulted by government once, that it will be again. Therefore the jobs created are not safe.

You can only suck water out of a well at so great a pace my friend or you risk running it dry. For instance, we're broke. We don't have 800 billion dollars. Where do we get it? From future generations? They haven't authorized it! What gives us the right to take it?

[April15]

All it means is those states that don't contribute to the nations coffers will not be taking more than they give and more for those who do.

[Yurt]

yeah, how dare those states not want money with all the strings attached...if the feds really cared about economy and if this money is really going to help, cut off the strings attached to the money...

further, there is absolutely no proof that not taking the funds will undercut the economy. if obama stops raising taxes, spending money we don't have, then the economy will improve

[emmett]

yeah, how dare those states not want money with all the strings attached...if the feds really cared about economy and if this money is really going to help, cut off the strings attached to the money...

further, there is absolutely no proof that not taking the funds will undercut the economy. if obama stops raising taxes, spending money we don't have, then the economy will improve

Ah but Yurt.... then jobs might be created that the new administration can't take credit for!

The new admin's way is take as much from the higharchy as possible so as to limit their ability to have any say so in the economy. That way, government does it all at their expense and gets the credit.

A dollar is a dollar! Where it comes from is the only question left. A job created by government influence with money it does not have is one thing. A job created by a legitimate need, by a company owned by a private entrepreneur who has borrowed legitimitely is quite another.

I would rather just loosen the credit standards and grant individuals money to start businesses. Mom and Pop things, springing up all over America like when the economy was real. THAT would stimulate the economy. Yes, many would piss their money away and fail but it is a darn sight batter than what we are doing! At least the overseeing could assure some sort of success in this effort. Individuals would have to produce a good financial and business plan with realistical proformas. Otherwise they would end up working for one of the other folks who were capable of it.

800 billion would start a hell of a lot of small businesses. A HELL OF A LOT. The rest would take care of itself. Implement a flat tax instantly after all this money hit the streets and welcome back almost 200 billion surrendered at the cash register almost instantly. Build your bridges. Watch business grow. Abolish the IRS!

[avatar4321]

In order for Republicans to undercut the economy by refusing to take the stimulus pork, the bill would first have to legitimately stimulate the economy. It doesnt. Lets not pretend it does.

[glockmail]

The States should take the money to cut their own income taxes- and on the highest earners. When their economies zoom we can all give Obama and the Democrat Congress the finger.

[hjmick]

Ooo... ooo... Republicans bad, Democrats good... :yawn:

[actsnoblemartin]

Ooo... ooo... Republicans bad, Democrats good... :yawn:

yeah jagger's been on the (liberal) sauce

[avatar4321]

The States should take the money to cut their own income taxes- and on the highest earners. When their economies zoom we can all give Obama and the Democrat Congress the finger.

but then Obama and the Democrats will claim all the credit and continue their stupid policies.

[glockmail]

but then Obama and the Democrats will claim all the credit and continue their stupid policies.

They'll claim that whenever, but the facts should be clearly simple to anyone with an IQ over 95 or so...

[Jagger]

[jimnyc]

Jagger - please refrain from posting the same text/photos in multiple threads, it will be seen as spamming said threads.

[red states rule]

It is very early in the day, but it looks like Wall St did not like Obama's speech last night

Or how he is showing his "shitload" of economic experience

Dow is down 130 points right now