Do you think any of that $800 billion+ stimulus money will trickle down to you? Here's a site that lists potential projects. Check your state/city.

Nice to see that in a severe economic downturn, rising unemployment and a tanking real estate market (especially bad in the San Diego area), a local city wants $500,000 to build a dog park.

I must be getting old. I've seen so much of this, it doesn't phase me anymore.

Mike

MIke,

We might be getting older, but we can't stop being phased, although I completely understand the feeling.

Check out this link - it is a video showing the amount of currency our government has been churning out in recent years. We should ALL be VERY concerned about this... The value of our dollar is going to TANK in the near future at this rate - and YES - it can really happen even to the United States of America.

http://www.glennbeck.com/content/articles/article/198/20816/

Barb

 Quote: mike armstrong

Do you think any of that $800 billion+ stimulus money will trickle down to you? Here's a site that lists potential projects. Check your state/city.

Nice to see that in a severe economic downturn, rising unemployment and a tanking real estate market (especially bad in the San Diego area), a local city wants $500,000 to build a dog park.

I must be getting old. I've seen so much of this, it doesn't phase me anymore.

Mike

*A lot* of the top notch economic types are predicting that the "800 billion" will escalate to about four Trillion dollars when it's all said and done. That's an additional debt load of 100k for every man, woman, and child in this country.
It will take decades, possibly a generation to pay this off.

This is a lot like what FDR did during the Great Depression - most economic studies have shown that FDR's programs actually extended the Great Depression by years. And Obama is going to do the exact same thing - instead of allowing the market to correct itself ( which would be harsh, but shorter ), their market manipulation and programs will stretch this out into a decade long horror story.

We're screwed.

And many of those same economic folks are predicting runaway hyperinflation within five to six years due to this package. And hyperinflation is the most destructive force that can happen to an economy short of a thermonuclear war.
Read up on what happened to Post WWI Germany, Argentina or Zimbabwe during their periods of hyperinflation. The thought of using a wheelbarrow to carry enough money to the grocery store to buy a loaf of bread doesn't appeal to me much.

 Quote: will rambeau

*A lot* of the top notch economic types are predicting . . . We're screwed.

Pardon the liberal editing, but I think that pretty well sums it up.

And not all that much of the "stimulus" (estimates vary depending on who you believe) will be spent in the next 2 years. So much for a stimulus.
Not a good situation to pass off to my kids and grandkids. Years from now when we tell them about the "good ol' days," it won't be any exaggeration.

Mike

 Quote: Will Rambeau

And Obama is going to do the exact same thing - instead of allowing the market to correct itself ( which would be harsh, but shorter ), their market manipulation and programs will stretch this out into a decade long horror story.

Agreed! As a matter of fact I haven't even got to the stimulus package yet; I am still stuck on: Why'd we bail out the banks? So they could continue to provide loans to people who may or may not be able to pay them back? Is there something wrong with working and saving for what you want?

A good book to read, and it is understandable, is "Applied Economics" by Thomas Sowell. Obama / Pelosi are only going to continue, and make worse, the horrendous spending G.W. began during his last term... "I'm abandoning free market principals to save the free market" - WHAT in the world did THAT mean?? What is just as bad, if not worse, is that with all this new "stimulus" we are quietly and quickly losing our liberties and freedom. But hey, the folks wanted CHANGE didn't they?

I fear the hyper inflation will hit far sooner than five or six years; we might be looking at 2010.

The Iraq war will cost us over a trillion dollars in the end as well. Very piss poor decision making over the last 8 years.

While all of us enjoy a good discussion as much as the next guy, I think politics and religion are two topics best left for other forums.

I'm going to close this thread, you can take it to PM if you wish to continue.