Comments on: Congress to Pass Stimulus Package While the Band Plays On

By: DR

DR — Sun, 28 Sep 2008 12:21:43 +0000

Jim, I agree that many of our policies and those of Senator Obama move us closer to a European democratic type socialism. I’m more sanguine on the bailout plan, but you’re right, we can’t keep printing money without consequences.

By: Jim

Jim — Sun, 28 Sep 2008 00:23:39 +0000

This latest bailout package has the United States more in line with Communism than Capitalism.

But as usual, is the middle class tax payer who will be footing the bill for this nearly trillion dollar fiasco.

You can’t continue to print money based on nothing but thin air for decades on end as the privately held Federal Reserve Bank has done, without eventually destroying the value of such currency.

This latest bailout package will not work and is just a further incentive for the wealthy to corporations to continue to take further risks since they realize that the American Proletariat will always foot the bill for it.

By: Is the economic stimulus package a loan

Is the economic stimulus package a loan — Fri, 09 May 2008 18:25:16 +0000

[...] Congress to Pass Stimulus Package While the Band Plays On at The Dough Roller [...]

By: DR

DR — Wed, 19 Mar 2008 12:19:56 +0000

Levon, the problem is that if the government were to move in and set interest rates and gas prices, the market economy would go into a tailspin. As difficult as times may be for some, history shows us time and again that messing with the market produces very bad results.

By: Levon

Levon — Tue, 18 Mar 2008 18:41:55 +0000

To really help people and economy is refinance all loans at 5.5% with no any closing cost. Freeze that rate for a few years, and drop the gas prices. Fed drop the rates but everybody knows it will have little effect on American regular citizens to get a cheap loan. It will have only effect on banks� ability to make fat profits

By: DR

DR — Thu, 13 Mar 2008 03:30:18 +0000

Jason, it is a legitimate rebate, but of course it simply means the government will have to borrow more money to meet its obligations. Eventually we’ll pay for it, it’s just a question of when.

By: Jason

Jason — Wed, 12 Mar 2008 12:43:32 +0000

I am also wondering if this is and advance on our 08 taxes…Wouldn’t that be so government like…Although they say it is a rebate, which inclines me to think the money is from the taxes we paid for 06 and claimed in 07…What’s the real deal?

By: Kristina

Kristina — Thu, 31 Jan 2008 17:54:27 +0000

Could someone let me know if these “rebates” are similar to 2001 where they are just an advance on 2008 income tax liabilities or if they are a rebate of 2007? I disagree with the principal in any case, but if they will be included on the 2008 tax return, I think that someone should be expressing this!

By: Shawn@MoneyBrick

Shawn@MoneyBrick — Mon, 28 Jan 2008 20:39:22 +0000

I’d like to add to DR’s scathing commentary of SoftwareEng’s comments. John Maynard Keynes was proven to be totally wrong in his economic analysis of the situation and possible solutions to the Great Depression.

By: Shawn@MoneyBrick

Shawn@MoneyBrick — Mon, 28 Jan 2008 20:34:27 +0000

Of course only Michael Bloomberg is the only politician to have said something sensible! He’s actually a business person, after all – it’s what he understands.

I totally agree with everything you say in this post! Totally, totally.

But, you can’t really blame the politicians for saying all this balderdash. Let’s say they really did understand the issues; they can’t just go around telling the truth to the voting public who wouldn’t understand and would just get mad (and not vote for them!).

I saw on CNN just today, how they went to Target and Wal-Mart and were interviewing people on how they were spending their tax rebate. It was madness! Instead of saving the money… these people were buying toys, trinkets and baubles! Then, CNN went on to say how even though retailers are benefiting… it is also evil foreign countries that benefit.