Word: stimulus
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What do you think of President Obama's fiscal stimulus package in helping to turn the economy around? The bill that provided something like $800 billion for spending on government projects was supposed to make people willing to spend their own money. But that hasn't happened. The implicit belief of the Obama Administration is that you needed fiscal stimulus [i.e., more government spending], and that's why they passed this enormous stimulus bill. But from my observation of how, historically, expansions have come to an end and how recovery has happened, it's always in terms of monetary stimulus...
...monetary stimulus, do you mean the Fed needs to print more money? An increase in the money supply has historically always motivated people to spend and end a recession. And I don't know if there's any evidence that fiscal stimulus has the same effect on people's habits. All that Obama's fiscal stimulus bill has achieved is to put an enormous fiscal deficit on the Federal Government. (See pictures of the dangers of printing money...
...much debate over proposed health-care reforms. Is Obama on the right track? The trouble with Obama's plan is that he has no concept of the cost that he will be imposing on the economy if his program is actually enacted. He's spending money with the stimulus program - all kinds of programs - and he's always able to give excuses on why the money should be spent. Yet despite all of his rhetoric, Obama isn't really taking care of the budget ... I don't think the government's job is to provide health care - the private sector...
...fact is, Obama may be blowing a major opportunity for reform with his domestic-policy diffidence. He came to office faced with an unprecedented economic crisis, and he focused on it successfully during his first 100 days, giving two excellent speeches about the need for a stimulus plan and general economic reform. He has lost that focus as his other initiatives have come online; he has failed to speak with precision or clarity about the bills wandering through Congress. He has failed to make clear what needs to be in those bills - and what...
...such a simple question and people around here in the real world, outside of Washington, D.C., want reporters to ask - President Obama, how are you going to pay for this $1 [trillion] or $2 [trillion] or $3 trillion health-care plan? How are you going to pay off the stimulus package, those borrowed dollars? How are you going to pay for so many things that you are proposing and you are implementing? Americans deserve to know what the plan is to fund these things, health care included...