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Will Stimulus Spending Package Help America? Readers Express Strong Opinions--Most Express Doubts About Success

More spending

Nurse Consultant
CBP
Wed Feb 11, 2009 8:39 AM

Post Reply

I thought that excess in the private sector, greed and mismangement got us into this mess. How is government excess borrowing, mismanagement, and partisan greed going to get us out?

The government ought to be concentrating on safetynet type programs to help people deal with the fallout and let the buisness sector do a Darwian selection of the fitest.

If someone can show in history where borrowing this kind of money worked, I would support the stimulus pkg.

True to form

Acountant, Retired gs 14
DOE, Albuquerque
Wed Feb 11, 2009 8:49 AM

Post Reply

As usual, Fedmith shows that most the readers are far more conservative than average and out of step with the nation. What more can I say

Re: True to form

WG10
ANG
Thu Feb 12, 2009 5:51 AM
What???

Re: True to form

Program Specialist
FAA
Fri Feb 13, 2009 10:14 AM
You put your finger right on it...FedSmith readers "read," which is the reason they are a lot more in touch with reality than those who don't. Reading is the remedy to ignorance.

Will Stimulus Spending Package Help America

SPEC
VHA
Wed Feb 11, 2009 9:03 AM

Post Reply

Oh, I believe a lot of folks don't like it because recipients will have to follow Federal guidelines. The first bailout was a gift, a windfall, to the CEOs--it did nothing for the little guy. It was a farewell gift to the rich from Pres. Bush. I believe Pres. Obama is headed in the right direction. Nobody has a quick fix for a problem that took 8 years to create, and he's doing the best he can with what WE have. Those of you who feel you have to criticize him and the others should post some better ideas. Otherwise, stay out of the way.

Re: Will Stimulus Spending Package Help America

Lazy Bones
Federal Government
Wed Feb 11, 2009 1:41 PM
That gift was given by Congress. Please get the facts straight.

Re: Will Stimulus Spending Package Help America

el tech
noaa
Wed Feb 11, 2009 2:35 PM
all this spending won't help because;
1. if you buy a flat screen , your bailing out the chinese
2. if you buy a car you bail out the japanese
and korea
3. if you buy heroin you help afganistan.

actually nothing is make in america any more;

so here here is your better idea;
1. get a new tattoo ( made in america)
2. buy some good california marijuana....take a few hits
and it just dosen't seem to be as bad anymore.

Re: Will Stimulus Spending Package Help America

CBP Officer
CBP
Thu Feb 12, 2009 1:39 PM
A gift from Bush! Isn't it a little early to re-write the history of 2008? Paulson wrote it and Congress passed a hugely bloated version of what Paulson wrote. Yes Bush signed it and gets some blame for that, but let’s not forget your Messiah ran to Washington to help get it passed!

Stimulus?

Quality Manager
USAF
Wed Feb 11, 2009 9:05 AM

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The government should stay out of private business. Everything they (the government) gets involved in goes broke - look at social security/medicare. I say we fire them all and start over.

Re: Stimulus?

Supervisor
US Army
Wed Feb 11, 2009 10:51 AM
For The Quality Manager USAF wrote this:
"that The government should stay out of private business. Everything they (the government) gets involved in goes broke - look at social security/medicare. I say we fire them all and start over." My question to you is how can you work for the USAF and think thoughts like you just wrote?????

Re: Stimulus?

IT Specialist
DOD
Thu Feb 12, 2009 6:20 AM
Freedom of Speech gives him the right. Our Government has failed us. This economic crisis can be laid at the Governments feet and that includes both Demorats and Republicans. Since when does working for the Government mean you have to blindly follow our elected leaders? My oath was to uphold the Constitution of the United States. Not blindly follow idiots over a cliff.

where is the money coming from???

staff assistant
US Treasury Dept
Wed Feb 11, 2009 9:09 AM

Post Reply

The comment is right - show us where this has worked before...
This administration is going to bankrupt this country and the next generations cannot pay this back..is money growing on trees somewhere as when my kids were younger and asked me to just go to the bank and get money...
Very - very sad situation we are in...and when is it the responsiblity of the fed gov to take care of us?? and when is it the responsibility of the president to give scare speeches to the american people??
Do not tell us we need to increase our taxes...we pay enough in taxes...

Re: where is the money coming from???

Acountant, Retired gs 14
DOE, Albuquerque
Wed Feb 11, 2009 3:00 PM
WHERE HAS SPENDING WORKED? WWII ended the war. The gov spent 25% of GDP and it worked. The new deal never spent more than 1% of gdp with a 30% downturn in the economy. From 1932 to 1936 unemployment was reduced from 25% to 10%. Then in 1936 the republicans insisted on a balanced budget. Roosevelt did it. Unemployment went to 25% in 1937. THERE. YOU ASKED. FOX has been ling about this for weeks but these are the facts.

Re: where is the money coming from???

IT Specialist
DOD
Thu Feb 12, 2009 6:28 AM
WWII ended the depression because the Private Sector was pulled back into the equation. Even FDRs economic advisors admitted that they couldn't pull the private sector back into the market until WWII created a manufacturing demand. Even with all the Government spending int the 30s, the markets remained stagnant. We are even is worse shape now because there is not significant manufacturing to get the market moving again. Government spending on public works projects will help with unemployment some, but it will not get the market jump started. Public works projects don't create long term investment and reinvestment in the market place. Building a school or waterpark is nice, but it will not get the market going. This is not sustainable.

Re: where is the money coming from???

Acountant, Retired gs 14
DOE, Albuquerque
Thu Feb 12, 2009 10:05 AM
Rather like infrastructure spending? LOL. There should/ will be more but they have to be at a "shovel Ready" state. Even if this works the Republicans would never admit it. It's part of not wanting/recognizing the need for change conservative philosophy. Actually the Republican party is not conservative. It's reactionary at this point. What is reactionaryism in America. National Socialism with down played racism.

Re: where is the money coming from???

IT Specialist
DOD
Fri Feb 13, 2009 6:22 AM
Shovel Ready... I am sure the construction industry can't wait to hire all those bankers , accountants, and brookers to teach them how to finish concrete and smooth out asphalt. :-)))

Re: where is the money coming from???

usda
worker
Fri Feb 13, 2009 1:47 PM
remembering that the "responsibility" for giving scare speeches was perfected by the last administration

Stimulus Spending

Area Specialist
USDA Rural Development
Wed Feb 11, 2009 9:12 AM

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It is interesting how the "blame Bush" histrionics won't go away. We are in this situation because of government intervention into the mortgage industry. It encouraged/required lenders to make subprime mortgages that were purchased by Fannie Mae & Freddie Mac, who are at the center of this terrible economic situation. It was prominent Democrats that ran the ugly twins and made millions and millions of dollars. President Bush tried to tighten those lending practices, but Barney Frank, Christopher Dodd and other democrats argued that the twins were just fine and doing a great job and refused/ignored all attempts to tighten regulations. Before you start throwing blame around, do your research.

Re: Stimulus Spending

op supe
faa
Wed Feb 11, 2009 3:32 PM
Area Specialist...your points are accurate and easy to understand...for people who seek the truth and understanding. But I'm afraid you're wasting your time trying to convince those who love blaming Bush. They seem so full of hate and venom, they'll never listen to reason when the facts (and facts are what you have presented) are found and exposed.

Re: Stimulus Spending

Diversity Manager
DOL
Thu Feb 12, 2009 4:50 AM
Area specialist, In no way did Bush try to regulate anything, other than trying to destroy federal unions. I do agree that the Dems played their part as well, but do NOT excuse Bush. Ops Supe FAA, explain the truth of why you keep getting pay raises and the Controllers do not. Please share the FACTs with us, I am dying to know youre insight. I here something called the green book is coming back

Re: Stimulus Spending

WG10
ANG
Thu Feb 12, 2009 5:58 AM
Wow... Someone on here CAN see through to the truth...

Re: Stimulus Spending

IT Specialist
DOD
Thu Feb 12, 2009 6:40 AM
Democrats blocked efforts to fix Fannie and Freddie. That is a fact. Bush could have gone to the American people and explain the situation and maybe it would have been fixed. However, the Democrats would have accused him of Racism and Discrimination against minorities if he had done so. Barney Frank and Chris Dodd were already plaing the race card when the hearings were taking place in 2005. Failure of Government has lead us to where we are and now we want them to spend trillions of dollars to fix something they broke. We should all sleep better at night.

Re: Stimulus Spending

Guaranteed Housing Specialist
USDA/RD
Thu Feb 12, 2009 9:07 AM
Area Specialist, I 1000% agree with you. Just on the housing issue, greedy lenders allowed no doc loans up to 50% total debt so if an applicant had no debt then the housing costs could be 50% of gross income and alot of folks had horrible credit - collections, judgements, liens, etc. So many think home ownership is a right, it is NOT a right but a priviledge that must be earned by keeping credit clean, job stability etc. (decent safe Shelter is a right and everyone should have a safe home to be in) Talk about a horrible situation. Alot of the brokers are out of business now and many lenders have shaped up. Throwing good money after bad is not a good thing.
Get the budget passed so we can do our jobs....

Re: Stimulus Spending

Acountant, Retired gs 14
DOE, Albuquerque
Thu Feb 12, 2009 10:55 AM
Fannie may etc never initiated one loan. They bought loans from the private sector AS REQUIRED BY REPUBLICAN LAW and they never exceed 20% of the market prior to 07. Now they buy close to 80% of loans made since the private sector imploded. If they didn't exist, the housing market would be even worse at around 30% of current activity.

Re: Stimulus Spending

op supe
faa
Thu Feb 12, 2009 12:09 PM
Diversity man, I apologize. I didn't realize my ever increasing salary caused the U.S. economy to collapse. As to why it continues to climb, you're asking the wrong person. I'm just the recipient. What should I do? Send the salary increases to you? Give me your address and go stand by your mailbox.

As for the Green Book....who knows what's going to happen? That won't affect me one bit. My job will continue (as well as the raises) and if we choose to enforce what's in the Green Book, controllers might want to return to where we are now.

Re: Stimulus Spending

Agent
IRS
Thu Feb 12, 2009 2:52 PM
I cannot believe that this entire country is so divided. Right vs Left, conservatives vs liberals. We are all in this mess together as Americans and we need to correct it for America. Both parties are to blame, Frank and Dodd have bee dispectible as well as President Bush. Oh yeah the Republicans are now screaming we warned you and tried to stop it in 2005. Exactly how did you try to stop it? Did you introduce a bill to regulate the mortgage industry? Did you try to control the deriviate and hedge fund markets? Did you try to regulate Fannie & Freddie? Hell no, no one did Republican or Democrat. In 2005, the White House, Senate & House were all controlled by Republicans, so enough blaming the other side. In fact I will defy anyone out there that can cite one (and only one) bill pro-regulation that was EVER submitted by a Republican. You can't cause it doesn't exist. So shut up and be part of the solution not part of the problem.

Re: Stimulus Spending

Thorn in the Side
DOD
Fri Feb 13, 2009 10:22 AM
It's becoming a common mistake to blame the whole mess on subprime mortgages. There are many other factors involved, like the credit card companies running wild (universal default, holding checks until after the due date, etc.), deregulation of banking and other parts of the financial sector, and people drunk on greed.

Re: Stimulus Spending

usda
worker
Fri Feb 13, 2009 2:31 PM
I myself have never heard more hate and venom then what we have heard in the last 8 years coming from the right side of the aisle. I struggle to remember any real positive communinations coming from them

Stimulus Package survey

Manager
Forest Service
Wed Feb 11, 2009 9:13 AM

Post Reply

I wonder how skewed the results of this survey are since most, if not all of us federal employees have job security? We are the only ones in the entire country who can pretty much count on having our jobs tomorrow and into the future. That makes us a whole lot more comfortable in arguing against something that would cost us and our grandchildren money but wouldn't affect our own immediate job and household security.

Re: Stimulus Package survey

Resource Specialist
USFS
Wed Feb 11, 2009 1:26 PM
I wouldn't be to quick to say it doesn't effect us because we work for the Government.

It isn't over yet. And for the last several years at least in our Agency we have seen a big decline in jobs. I've been with the USFS for about 18 years, I've seen a lot of jobs left unfilled or just done away with.
Total Comments: 111
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