Whew, I thought I might have to come up with some ways to spend my extra money, looks like thats been taking care of.

"Senate Finance Committee Chairman Baucus said about 35 percent of the stimulus plan consisted of tax cuts and the remainder would be government spending."

Thats good, I have much more faith in the government spending the bulk of this rather than consumers, I mean just because consumers are 75% of the US economy, why bother with them.

Full details here......

http://news.yahoo.com/s/bloomberg/amxiaynvarlg

WoooHooo I won the Pool.......I had Stimulus Package as the 1st thread RIJIMMY would start to biatch about something today.

Pay up Guys.......I told you it wasn't going to be Media Bias or Socialism.

OK....Let get tomorrows picks in before midnight.

So if the entire stim package was cuts would we have any infrastructure projects spawned by private investors?

Don't think so.

The problem with the big tax cuts is that they favor the rich for the obvios reasons. Considering the state of the market today, I can't believe people would try to argue that this money is going to be invested, rather, it's going to be parked until the all clear.

The good thing about the proposed stim spending is that it can happen regardless. This is something the private secor can't match at the moment.

Yes, there's still too much silly spending in it, but it does seem to be getting better.

there is nothing to stimulate 75% of the economy, consumer spending!
Think of the downstream effects - will this infrastructure spending raise earnings for most corporations, no. So that means the market will not have positive news which stems from rise in profits or consumer confidence.

tomorrow's pick will be media bias. Anyone notice that Geithnhrs BOMB of a speech/plan has basically gone unreported? How about the GRILLING of congress yesterday on the big bad bankers, why has there been no recap of the discussions in the headlines??? Becasue there was NO news to report despite the Big O blaming them everything!

like the Beastie Boys said " the man upstairs, I hope that be cares, if I had a penny for my thoughts I'd be a millionaire!"

there is nothing to stimulate 75% of the economy, consumer spending!
Think of the downstream effects - will this infrastructure spending raise earnings for most corporations, no. So that means the market will not have positive news which stems from rise in profits or consumer confidence.

tomorrow's pick will be media bias. Anyone notice that Geithnhrs BOMB of a speech/plan has basically gone unreported? How about the GRILLING of congress yesterday on the big bad bankers, why has there been no recap of the discussions in the headlines??? Becasue there was NO news to report despite the Big O blaming them everything!

like the Beastie Boys said " the man upstairs, I hope that be cares, if I had a penny for my thoughts I'd be a millionaire!"


I am to broke to spend and if the gubment gave me money i would not spend it but save it for when things got better.

I am to broke to spend and if the gubment gave me money i would not spend it but save it for when things got better.

ah, good reply!
You basically can do 4 things with money.
1. put in in a jar and bury it (might not be a bad idea)
2. Pay off debt
3. Invest in stock or savings
4. Spend it.

Items 2-4 all BENEFIT the economy. Even if you put it in a savings account, that will increase the amount banks have on hand to lend!

another good opinion piece for those interested

http://www.economist.com/opinion/displayStory.cfm?story_id=13110448&source=features_box_main

Well the DOW is dropping like a rock still. That's not to reassuring. What the hell do they know anyway.