MLM Directory

what does the Obama stimulus plan mean for the free market system in America?

will it lead to socialism or a generation killing national debt? or will it restore americas economy. I mean killing as in freezing the economy in the years to come in a moutian of debt

Public Comments

1. it means that things are going to get better.
2. the free market system is what got us here in the first place. Even Greenspan admitted it during his testimony in front of Congress. He said he couldn't believe it, and he didn't factor in bad business decisions based on greed, instead of intelligence.
3. Of course it will lead to negatives. I just watched a&e american justice where a judge was bought out for ten grand. He assured them that staying within the law he could see the charges dismissed. Much the same type of business ...
4. The Bush regime killed the national debt remember? The so called free market system failed and has led to recession. If socialism is the result it is a last resort response to the lack of responsibility of the Bush administration.
5. death
6. America does not have a "free market" system and has not at least since the 1920s (arguably, we haven't had a "free market" since some earlier point or possibly never at all). Our economy has been a socialist economy ever since the days of FDR (albeit a "mixed market" social democratic variety of socialism). Obama's "stimulus" is not change. It is merely more of the same.
7. DEATH!!!
8. I think the stock markets have been answering that question for the past few days now.
9. No. Because the stimulus bill is giving funding to alot of states that are on the verge of Bankruptcy. First of all, socialism is alot more then just changing the way money is distributed. You are changing fundementally how the private sector functions, including the role of goverment. Is Pure Socialism good? No. BUt some of the concepts in socialism isn't. I mean..if a small group of people are making laws that you have to follow and you are expected to pay taxes. Wouldn't you want those people to give you something in return? You know like HEalthcare, equal opportunity education, housing assistance. People do not like the concepts that socialism presents because most of the people opposed to them at the core of this issue are very wealthy and greedy. God forbid the millions of dollars I accumulated are used to help my fellow countrymen. Especially since they are not able to benefit from a free society like I am, because they lack wealth. Yes, lets seperate society. I am rich, so I can reach my full potential. You are poor, so you should live the rest of your life in economic hardship only dreaming about the cars I drive and living a decent life. Be a slave for the economic system so I can rip you off of your retirement plans so when I make dumb business decisions, I get a golden parachute and you don't. Obama's stimulus plan means there are people with common sense that realize only the goverment can solve this problem. Do you really think the economy will bounce back on its own especially when that requires doing business differently. I don't think the people who put us in this mess want to live in a future, where the goverment is over their shoulder making sure they are not doing underhanded things that jeopardize the country's economic and national security. Seriously man, all this screaming about socialism and such is just empty hot air.
10. It means that Obama doesn't think the economy needs a stimulus. The economy better resolve itself, inspite of the stimulus, because the spending bill did nothing. Only 10% for infrastructure and the rest was porkbarrel spending. It did more to stimulate government control and socialism than the economy. www.daverantsandraves.blogspot.com
11. It means that a whole bunch of people are now free to shovel money into their friends pockets ... That's why Pelosi and her high flying Demo-buddies had to fly off to Italy to celebrate! Some might "trickle down" into the hands of working people. The whole plan was concocted in less time than it takes to read it. They stapled together all their wish lists and I.O.U.'s, added a few billion in "tax breaks" as a pacifier, and called it "Stimulus". Don't forget that the monster was pieced together by the same folks who brought you AFFORDABLE HOUSING. And you know how successful that was! "These two entities—Fannie Mae and Freddie Mac—are not facing any kind of financial crisis," said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. "The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of AFFORDABLE HOUSING." . .
12. no to socialism, no to generation killing - it should play a role in getting us back on track
13. Obama's solution to the recession is for the government to spend more of our money on government programs of many types. This has never worked and in fact the only other time it has worked on this scale is during the 1930's and it failed miserably resulting in the great depression that lasted over ten years. The one thing that does work and has brought us out of every single recession is significant tax cuts. But this does not play into Obama's socialist agenda.
14. The free market system had nothing to do with the state our economy is in. The government meddling in the system is what did it. One simple thing got us into this mess, and that is the community reinvestment act. I'm a loan officer for a large bank, and when this piece of legislation reached its current status during Clinton's administration, it literally forced banks to make loans to people who couldn't afford them. Lending institutions did what they had to to stay profitable and not face repurcussions from the government, and sub prime mortgages were born. Mortgages that were doomed to fail. Now that anyone could get a house, often without any verifiable income and up to 150% financing, home values skyrocketed due to drastically increased demand, perpetuating this disaster. The resulting bust of the housing bubble dragged everything along with it. It was a false economy, with companies and jobs in cottage industries that shouldn't have existed in the first place. If your not responsible and don't pay your bills in a timely manner, you'll have bad credit and can't get a loan. If your not responsible and don't live within your means, you can't get a loan. If you don't make enough money to pay the monthly payment with interest to the bank for them lending you vast sums of money to buy a house, then you can't get a loan. That's how the free market and the credit system works. It rewards hard work and responsibility. If you don't work hard to earn more, and if you don't save and pay your bills, then you can't reap the rewards. Get it!