Story Comments
Posted by: Beau7890 10 months, 4 weeks ago
This page is a permanent archive of the comment below and its replies.
To view this comment in the context of the full discussion for the story, use this link.
-
100%
Beau789010 months, 4 weeks ago
This comment is below the standard viewing threshold View It »
Okay, look, buck: you have no reason to believe that Obama's plan is the same as Pelosi's and Reid's, other than that they're members of the same political party. I will agree in that I'm not happy with the way this legislation appears to be shaping up so far. (The process is not finished, however.)
Reply
Spending on those bulleted projects you enumerate accounts for a tiny portion of the entire bill.
Tax cuts in fact made up a significant portion of the package as introduced in Congress, --more than I'd recommend, in fact, as they really don't do anything to stimulate the economy or job creation. (We've already had tax cuts for the top income brackets and for employers over the past eight years, and it didn't prevent the current crisis, nor did it create many jobs.)
As I've said all over Propeller in the past few days, Congress is a huge obstacle that Obama cannot surmount on his own--yes, that's both parties. Members on both sides load up important legislation with favored projects, so less important spending and other proposals (like electronic health-record databases) can be buried in it and voted on at once, with little public scrutiny, in massive packages like this stimulus.
You may have reason to complain about Pelosi and Reid. The fact is, the same thing was done when Republicans controlled Congress and the White House. But don't lump Obama into your complaint unless you can show he supports this ridiculous legislative process. And don't pretend it's something only one party does, either.-
100%
flyonthewallzz10 months, 4 weeks ago
This comment is below the standard viewing threshold View It »
My prime criticism is that it seems to lack bold creativity.
Reply
The status quo is crippled and I am not seeing new seeds.
I wonder if there is a way the government can encourage new companies to rise from the bottom and take out the industries that are "Too big to fail" instead of considering them entitled to their profits.
I have no faith in anti-trust laws and it seems that the bailout money is being used to create even bigger Juggernauts, that lay-off thousands of folks while they play with the billions.
I think large publicly owned corporations need to have a different set of rules than a small business. Maybe even treated like a foreign entity to tariff.-
100%
Beau789010 months, 4 weeks ago
This comment is below the standard viewing threshold View It »
I agree about what you call the bold creativity, though I have to admit I can't figure out a way to stimulate the economy either that would ever get through Congress. I'd like to see the government start up a WPA/CCC-type program, but I can't imagine how that's gonna happen--there'd be opposition from unions on the left and small-government types on the right. I'm very disappointed with the way Congress works these days, and I'm not sure how that's ever going to change...
Reply
More to your point about replacing the companies that are "too big to fail," I've come to the conclusion that the short-term thinking of large public corporations is also virtually impossible to surmount. It seems to me that the way the stock market works, boards of directors and company officers will always look to the short term--if they were to take losses in the short run in order to invest in R and strengthen their long-term prospects, stock prices will fall and shareholders will vote the directors and officers out. It seems an inherent problem with publicly run corporations.
But I know you're smart...any ideas?
-
-
loading ...
People Who Liked This Comment (7)
ForrestPhelps
fsev41
mesodude
flyonthewallzz
GWHayduke
DenCuddy
ProgressivePeople Who Didn't Like This Comment (0)
No one voted this comment negatively.
Post Reply
You are not signed in to Propeller.com. Please sign in to post a reply.