Bernanke Talks Of New Stimulus Package

Green Lantern · #1 10-21-2008, 08:42 AM

Fed chief backs second economic stimulus

Federal Reserve Board Chairman Ben S. Bernanke yesterday said it would be appropriate for Congress to enact a second stimulus package designed to give consumers, home buyers and businesses better access to credit.

Mr. Bernanke made the pitch for more fast-acting, economic relief in testimony before the House Budget Committee, saying "extraordinary tightening in credit conditions has played a central role in the slowdown."

Economists agree that making more money available to borrow on better terms would stimulate the recession-bound economy. But they caution that availability of credit is only part of the solution. READ MORE
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What are your thoughts on getting a second stimulus check? What would you spend it on? Would you pay down debt? Make a big ticket purchase like a computer or TV? Or would you save it and use it for everyday spending like food and gas?

SCRAPPY · #2 10-21-2008, 08:49 AM

Definitely towards paying down our credit...

Bada Bing · #3 10-21-2008, 08:51 AM

Buying some stocks.... they're cheap!

DEMOA · #4 10-21-2008, 08:52 AM

I'm sure we'll blow it on something for the house. We want to make our garage (which was an crappy office for the old owners) into a much nicer office and exercise room. I'm sure we could use the money in there.

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Roogle · #5 10-21-2008, 10:08 AM

Should have given the money to the people before they decided to bail out private companies. IMO

I'll take it. By the way are the people going to receive dividends from the companies the people invested in?

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A democracy is nothing more than mob rule, where fifty-one percent of the people may take away the rights of the other forty-nine. - Thomas Jefferson

Green Lantern · #6 10-21-2008, 10:17 AM

Quote:

Originally Posted by Roogle

Should have given the money to the people before they decided to bail out private companies. IMO

Didn't they do that earlier this year?

Roogle · #7 10-21-2008, 10:22 AM

Quote:

Originally Posted by Green Lantern

Didn't they do that earlier this year?

That's true. I do think that we didn't get enough. I'm not asking for a handout, but if companies can get what they need. The people should be helped as much as possible short of a welfare type scenario....

I think financial education should begin very early. Monetary theory should be required to graduate school.

__________________
A democracy is nothing more than mob rule, where fifty-one percent of the people may take away the rights of the other forty-nine. - Thomas Jefferson

Tracy · #8 10-21-2008, 10:36 AM

probably Christmas

Kid Lester · #9 10-21-2008, 12:49 PM

I think what we have is a printing press to make money, but nobody who has any real ideas.

Between the first "stimulus" checks, the bailout, and another stimulus...we're going to be at almost 2 trillion dollars or thereabouts.

That is an incredible amount of money.

How about seed money for windfarms across the country. Putting people to work building them, and lowering people's utility costs in the future. How about guaranteeing small business startup loans or extension loans within reason? How about anything that puts people to work instead of just handing out cash?

Work, man. I don't want a handout. I'd just like to be able to keep my job. Or at least know that there's another one out there if this one tanks.

If I lose my job, nobody's going to give me their 'stimulus' check.

M.Opaliski · #10 10-21-2008, 05:55 PM

Attention: Federal Government

Please, stop helping the American economy.

Bernanke Talks Of New Stimulus Package

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