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The stimulus package is supposed to give people more confidence and to have people stop putting money into savings and start spending again. It sounds funny, but this is what it is designed to do. The stimulus could backfire if people do not get comfortable with this huge outlay of monies being placed out in the open market…
Depending on how people react to this, will determine if it works or not… If this causes people to spend more money, then the problem has been solved..
It won’t… not even a little bit. Obama himself no longer calls it a stimulus package. Last time I heard him he was calling it a spending bill. There is very little stimulative provisions in the bill and those that are don’t really take affect this year.
Sadly, this bill won’t do anything but rob from the next generation by racking up tons of debt and then interest on that debt.
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July 2nd, 2010 at 8:51 pm
it wont it just puts us deeper in debt