I take offense to your comment about a moderator on an internet forum posting this. I didn't post this because I feel like I have more pull as a mod, I posted this because it is something that I believe is wrong and I wanted to see other people who also think it is wrong have a way to express it. Should I take your side because you're a sponsor and you posted something on an internet forum? That logic is BS, and I'd be willing to bet that everyone who signed the petition did it because they feel the same way. Not cool for you to belittle the other members who signed it as doing it just because a "mod" posted it. Thanks though.

I do think the market needs to be fixed, but I think this is the 100% wrong way to go about it. This recession is not a bottomless pit. Things will go downhill, and the market will correct itself. Home prices will tank, and people who still have money will gobble them up like there's no tomorrow, until the market stabilizes again because the supply drops. Why do you think we need to spend $800 billion dollars? Where is the money coming from? Is it smart for you to spend a shitload of money that you don't have? No, of course not. Then why is it ok for the government to do the same? The burden is getting passed further and further into the future, but it is NOT SUSTAINABLE. We CAN NOT continue to spend money like there is no tomorrow. ABSOLUTELY CAN NOT. We are going to devalue the dollar, push up inflation, create more debt for out future generations...where is the positive in that? People need to stop thinking about the NOW and start thinking about the future. We need to think about the future and make decisions that will be intelligent and help us 10 or 20 or however many years from now. We are caught up in the now, and too many people have the "damn the future" mentality. It is going to catch up with us sooner or later. I am worried about the future, not about the now.

 

I am not a "smart" man, there is no way i could have said what Chris just said, but he is 100% right. I was listening to the radio today, It mention with this stimulus every family will inherit 10K in debt. Is that what you want? The government spending your money for you? Them digging you a financial hole, them digging your kids a hole, and so on and so forth. I say they can keep there fuking money.

Also. I did not sign this because Chris is a mod. This is a damn website. A place to chat and learn. Mods cannot tell me how to think and what to think. So hate to burst your bubble matt. (i mean that in a friendly way...dont want to **** of the mods)

Dustin

 

Don't worry about the mods their all cool on this sight. It's the billy badass sponsers you can't **** off.

 

Good thing i don't really buy from them, guess ill just use my "stimulus" money to finish my 6liter build that will help society!

Dustin

 

It all started from greed!!!!!!

 

The last stimulis package worked so well didnt it ? And we had to pass that one quickly too to save us from something...... And I believe this porcess was done before sometime in our distant past, with same results...um

 

A big part of this "stimulus" package and the previous package that Bush, Congress, and the Senate put into practice is not about all of the little Bull **** projects and categorically funded line items -IT IS ABOUT THE DEVALUATION OF THE DOLLAR!!! Plain and simple, as the government gets this "money" they write an I.O.U. to the federal reserve bank, then the federal reserve bank Prints or Electronically Allocates the money to the federal governments accounts. From there the government decides who to give the "Funds" (that where made out of thin air) to. By doing this the government puts downward pressure on the value of the dollar via the ratio of debt to collateral (Gold, Assets, etc.) held. Think of it this way, every time the Federal Government brings more money to the table (hard cash or electronically allocated) they are not backing it up with more gold or etc. to back it up.

Eventually this will all serve to help the banks, as the value of the dollar drops we get screwed but the banks that hold illiquid assets (such as foreclosed homes) will be able to sell them for little to no loss. All because the dollar has been devalued! The banks don't like to see what is happening right now, as the dollar is able to purchase more than it was in 2007, speaking in terms of homes, commercial properties, and real estate. Inflation is what keeps them in business, and the vehicle for inflation is INTEREST!!!

This is also prevalent in what the credit card companies are doing now, raising interest rates on good customers that have been loyal to them. They blame it on the economy and how there are extra stresses placed on their assets, therefore they need to increase the price to lend money to you. This is complete BS, as people are not taking as many loans out currently supply and demand dictates that they would actually lower their interest rates to entice new customers to take out loans so that they would create more revenue. They are a bunch of thieving bastards! The whole idea behind this is to keep the purchasing power of the dollar in check; so that it does not rise as people are being laid off, creating a smaller base of consumers, while suppliers are still trying to make money by creating as many products as the market will bear.

 

so as of right now, the way I understand the stimulus package. there will be no check but a tax credit, an average of $13 extra that you will see on your paycheck starting in june? there is going to be alot of pissed off people after they find this out. Correct me if I am wrong....

 

glad to see there's hope!:
http://www.youtube.com/watch?v=-PFY-Zm8j0E

 

may stop em from going overseas, but how you gonna get the other ones back