HAY GUYS

The_Melomane · Local time: Oct 2, 2008, 10:27 AM

So, how about that bill actually passing? You know, like it did.

I don't know much about this bill other than that it gives tax breaks to companies and raises the FDIC insurance rate. I was under the impression that in a "free market" economy that good old invisible hand is supposed to in and fix everything not the government. I guess that's why a bunch of people are calling it a socialist bill? But that doesn't make sense if it LOWERS taxes for companies. (I'm probably not making any sense, probably because from what I know of this bill, it doesn't seem to make any sense.)

Wouldn't it make more sense, instead of reducing taxes on the companies, to invest in America's crumbling infrastructure?

Jam it back in, in the dark.

The_Melomane · Local time: Oct 2, 2008, 11:19 AM

I guess, since I'm not feeling the effects of what's going on in the stock-market and the housing crash, I can't/won't understand why we need this. I'm not seeing an real consequences of the ups and downs of the it lately, so I have no idea what they are. (Actually, I caught a snippet of NPR a little while ago and they mentioned something about pension plans and 401Ks, but I'm not sure in what context or how they're being affected.)

People say it'll create a great depression if we don't do anything, people say it'll sort itself out if we don't do anything. I get that the bill is supposed to increase spending, it's a pretty typical expansionary fiscal policy, but weren't the checks people got in June/July also a pretty big expansionary fiscal policy? If that only worked in the extreme short-term, and obviously not so well, if spending is down again, what makes this bill any more likely to "fix" the problem?

How ya doing, buddy?