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Second Stimulus Check For Obama 2009 Economic Stimulus Package?

Published 2/4/09 (Modified 3/9/11)
By MoneyBlueBook

Tax Cuts, Social Spending, and New Jobs - But What About Stimulus Checks?

A second economic stimulus package for 2009 is on the way and from the looks of things in the news, it appears newly minted President Barack H. Obama and his Democrat controlled House of Representatives and U.S. Senate are determined to ram the lucrative spending proposals through the legislative meat grinder no matter what, much to the chagrin of skeptical and deficit-weary Congressional Republicans.

As Congress debates the wisdom and intricate details of the current version of the 2009 economic stimulus package, it's clear that something needs to be done very soon to jumpstart and save our suffering economy before we spiral into a full blown economic depression. The unemployment rate is rising fast and everywhere you turn, there seems to be a never ending stream of unemployment and layoff news being announced everyday. The stock market has already shed more than half of its value since its peak in 2007, and billions to trillions of dollars worth of wealth have already been eliminated from the economy. Major banks and financial giants like Citibank, Bank of America, and JP Morgan Chase, once the financial pillars of our economy and the lifeblood of our credit industry, are now clinging onto U.S. government bailout money for dear life - hoping to still be in business at the end of every quarter.

With its almost limitless resources, it's clear the federal government must intervene somehow and put this broken economy and financial system back on track to prosperity. But the question is - what should be the government's role in all of this? More specially, what method should the government take to effectively jump start the economy to life again and ease the suffering on Main Street and Wall Street? Should the 2nd economic stimulus package continue to focus directly on sparking consumer spending by featuring a second round of free stimulus checks to consumers - perhaps for amounts much higher than the previous 2008 economic stimulus checks? Or should the plan this time around focus more on longer term indirect measures like job creation, infrastructure investment, and tax credits?

Current 2009 Economic Stimulus Package Focuses Less On Stimulus Checks - And More On Job Creation, Infrastructure Projects, and Tax Cuts

Before Barack Obama was elected president and during his 2008 Presidential election campaign, he supported implementing additional economic stimulus measures in 2009 - and even whispered at the rumored possibility of a second round of stimulus checks for taxpaying consumers in 2009 before tax day.

Whether a second stimulus check was a real possibility or not, the mere mention of a second round of stimulus payments and the prospect of getting more free government money certainly made my greedy ears perk up, but much of my optimism and enthusiasm were quickly dashed when Obama finally came into power. Almost immediately, he signaled a different stimulus proposal shift that favored a more multi-pronged approach of using tax cuts, tax credits, and pet projects, rather than relying on the 2008 economic stimulus check tactics of his predecessor, George W. Bush. Instead of just distributing free bailout money to the masses and hoping the funds will naturally trigger a huge surge in consumer spending activity to put the economy back on its feet again, Obama's stimulus package focuses more on middle class tax cuts and massive increases in government spending to fund various infrastructure investments, green energy projects, financial aid to states, and social education initiatives - designed to create jobs and put people back to work.

The current 2nd economic stimulus plan laid down by President Obama for 2009 is a whopping, super-sized $825 billion economic rescue package containing staggering spending initiatives and ambitious tax cuts, and sprinkled with dozens of pork-based proposals and suspect social initiatives within hundreds of pages of legislation. The current package contains $300 billion worth of aggressive construction projects designed to improve the country's���� infrastructure and create millions of new artificially generated jobs in areas like health care, renewable green energy, school upgrades and repairs, and transportation related improvements. The package also contains about $200 billion worth of state social assistance provisions designed to help keep state sponsored health and unemployment programs well funded - to offer a measure of cushion for those people who have been recently laid off due to the economic down turn. Along with the state assistance portion are other safety net type provisions to help fund and keep afloat local food stamp programs, food banks, state sponsored health care, and governmental health insurance plans for those suddenly unemployed.

The other primary feature of the current Obama economic stimulus plan is the series of tax cuts and tax credits offered to qualifying individuals and small businesses. Under the tax cut portion of the stimulus deal, small businesses suffering losses because of the economic downturn and recession would receive more favorable tax loss write off terms.

For individuals, the current 2009 economic stimulus package offers pretty generous tax cutting proposals. The plan highly favors low and middle-income working families since the idea is that these income groups are more likely to spend and invest their tax savings rather than save the money. In terms of stimulating the economy, increased consumer spending is good, and consumer saving is bad. Nicknamed the "Make Work Pay Credit" by President Obama, the proposed tax credit is supposed to reach close to 95% of workers, and benefit even working tax filers without any tax liability - typically very low income workers. Here is a basic overview of the stimulus plan's Make Work Pay Credit:

  • Middle Class Tax Credit: Under the plan, there would be a tax cut amounting to $500 a year for individuals, and $1,000 for couples. The economic stimulus would be issued in the form of a tax credit, and would be limited to those making $75,000 or less ($150,000 or less for married workers filing joint tax returns).
  • Low Income Tax Credit: For low income taxpayers, there would be an increase and expansion of the Earned Income Tax Credit to provide a refundable tax credit for low income assistance. The expansion would affect even working tax filers without any actual net tax liability - typically very low-income workers - and allow them to potentially qualify for free stimulus tax refund credits.
  • Child Tax Credit: For those who have children, a temporary increase in the child tax credit would result in larger tax refunds.

Should The 2009 Economic Stimulus Plan Be Re-Written Or Re-Packaged To Contain Major Provisions For A Second Economic Stimulus Check?

It's too bad the eventual 2009 stimulus plan probably won't contain another round of hefty stimulus check payments to ordinary consumers like the ones that were dished out last year. While the 2008 stimulus tax rebate wasn't much (only a few hundred dollars in my case), some additional government handouts in higher dollar denominations would still have been greatly appreciated by individuals like myself and put to good use. Plus, as an American consumer who embraces the virtues of capitalism, I feel I would have made a better decision for myself as to how best spend my portion of the stimulus money pursuant to what's in my own best capitalist self interest.

Overall, I think President Obama's administration is probably right in its revised efforts to focus more on job creation, offering greater tax cuts, and enhancing safety net protections to help suffering Americans survive the economic downturn for the long term. Offering greater financial assistance to struggling state unemployment programs (many on them on the verge of running out of funds), and stimulating growth with more job building projects is a proven way to stabilize the markets and improve consumer sentiment. However, I'm still a bit disappointed that the President and Congress have not explored the prospect of an enhanced second stimulus check further.

At least for now, President Obama's administration seems to have given up on the idea of using government stimulus checks en masse again to jump start the economy. Instead, Obama's advisers have indicated that they would prefer searching for viable ways to get government stimulus money into the hands of American taxpayers quickly that would not require or duplicate the tax rebate checks of last year. Apparently the $150 billion spent in 2008 in the form of stimulus payments to consumers proved to be quite an economic failure and pointless exercise of futility in terms of actually stimulating the economy to any extended degree. But perhaps the reason it didn't work properly the first time around was because too little money was given out to substantially change consumer spending habits to forcibly inject money back into the economy again (simply compare the $150 billion spent last year to the $800 billion-plus worth of spending being proposed for 2009).

Perhaps The Problem With The First Stimulus Checks In 2008 Was That They Were Too Little To Make Much Of An Impact

I have mixed feelings about the prospect of yet another around of direct stimulus checks to consumers. On one hand, I understand that there are many struggling American families getting hammered by higher living���� costs, and suffering from the ills of unemployment and layoffs. However, I'm not entirely convinced that the idea of handing out free money to families will really solve all of our economic woes and jump start the economy at its core. But yet I still wonder if perhaps we gave up on the idea of stimulus checks too early and that maybe, the concept is still workable. Maybe the amounts issued in 2008 were simply to small to change anyone's spending habits as initially intended - after all, only about $150 billion was spent in 2008, when the current 2009 economic stimulus proposal's already ballooned to a whopping $850 billion.

I know when I received my tax rebate stimulus check in early 2008, the check only amounted to a few hundred paltry dollars - not really enough for me to go on a greedy spending spree. So instead of spending it and doing my part to stimulate the economy, I ended up doing what most people probably ended up doing with their tax rebate check - putting the money in a bank and depositing it into a high yield savings account. Of course, my plans for the money would likely have been very different if the amount wasn't something low like $300, $600, or $1,200, but rather something as high as $10,000. If the stimulus check issued to me was indeed worth upwards of $10,000, I would very likely have saved a small portion of it but ended up plowing a sizable portion back into the economy by spending it on major expenditures like a new wide screen plasma TV set, new home appliances, or even a new car.

What If The Entire Economic Stimulus Bailout Package Went Towards 2nd Stimulus Check Payments? Would This Actually Stimulate The Economy?

Almost all polls among ordinary American consumers show overwhelming support for a second stimulus rebate check. After all, who would really oppose it? Who would be opposed to receiving free stimulus check money. Think the prospect of getting a second stimulus check worth as high as $10,000 as a consumer bailout is impossible? Well it's probably unlikely, but it's not out of the realm of financial or budgetary possibility, at least based on the fiscal numbers alone.

On CNN Money, a very interesting question was proposed in regards to the bank bailout and economic stimulus packages. If instead of bailing out these credit crisis-stricken banks (who probably deserve their fates due to the risky mortgage bets they greedily placed into subprime loans), we just gave all of the bailout money to taxpayers in the form of a massive consumer cash stimulus. How much would we each get if the entire current economic stimulus proposals were issued out to consumers as a second round of stimulus check payments? The second important question to ask is - would this actually stimulate the economy for the necessary extended period of time to get it going again?

To arrive at the figure, CNN Money took the total amount of the bank bailout package of $700 billion and added that to the proposed 2009 economic stimulus spending estimation at the time of $819 billion - resulting in a total bailout package of $1.519 trillion (that is quite a staggering figure). Dividing that number by 156.3 million, the total number of U.S. workers who filed federal income tax returns in 2008, that number equaled $9,718.49 per U.S. taxpayer, or roughly the equivalent of a juicy $10,000 cash bailout payment for each qualified tax payer. Now that's stimulus with oomph! With $10,000 in our pockets in the form of instant windfall economic stimulus checks, it's very likely that the tremendously high amount would be sufficient to incite a major change in spending activity than a measly $600 check ever could.���� People would probably go out and actually start stimulating the economy by buying cars, purchasing TV's, paying for college studies, and going on vacations.

As a dose of devil's advocate inspired reality though, while it's very possible that $10,000 checks in every working taxpayer's hands would probably send the economy skyrocketing, it's also possible the growth could be short lived and not actually get to the true root of our current economic problems. The massive surge in consumer spending probably won't do much to solve the lingering fundamental issues surrounding our current credit crisis, which centers around a failed banking system and a failed home mortgage lending market. But then if repairing the banks and injecting confidence back into our home mortgage and credit lending markets are our primary objectives - I'm not sure the current economic stimulus proposals by President Obama, which are focused more on tax cuts and job creation and most prominently, aggressive social spending programs - will actually accomplish those goals. At least for stimulus checks, they could be able to help alleviate some of the immediate economic suffering being felt by ordinary consumers - many of whom are fighting to stay alive, with a great deal currently resorting to desperate emergency fund measures like 0% credit card offers, balance transfers, and risky high interest payday loans.

I'm curious as to everyone's opinion on the wisdom of a second stimulus check (if it ever happened). What's your take? Would substantially higher stimulus checks of $1,000, or possibly even as high as $10,000, actually encourage you to spend the money (thereby stimulating the economy) instead of merely saving the amount or using it to pay down debt? How would your decision compare to how you actually spent your previous 2008 tax rebate stimulus check?

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392 Responses to “Second Stimulus Check For Obama 2009 Economic Stimulus Package?” 

  1. LOVELY says:

    I had the pleasure of reading each and every response on this blog and the majority vote, in my opinion, is that we receive a $10,000 stimulus check. Well I agree that this is our just due from the government. President Obama inherited this mess as most of us know but only a few will admit. We need to express our opinions and concerns to him. He is trying to stimulate this dreadfull economy with the help of his staff, all to no avail. I certainly agree with the person who said that we would all benefit by receiving hundred's of thousand's of dollars. In my opinion, we are the people who make up this wonderful and free nation that we live in. This being the case let us pay off our mortgage's with the windfall of money and everyone prospers. Will this ever happen, highly unlikely, but the idea is the best I have read thus far. So bravo to you for your input. However, the 10,000 ck could be more realistic and still stimulate an economy that is headed straight into a depression (not that I want to see this happen in my lifetime). Let's flood the whitehouse with our concerns/suggestions and maybe we may get a positive outcome. Let's not judge this President so quickly without giving him a chance, Hell we allowed Bush two terms and he did this country a disservice. Why not allow change to happen gradually for it is never going to work overnight. I pray that God will use this President and set this nation back in it proper place as one of the richest and most prosperous Nations in the WORLD.

  2. John Boy says:

    Okay this is in response to LA's idiot response. Don't act like working hard under the obama administration means Jack Harold SH*T. Soon we'll all be working to pay back to the GOV (Government with Obscure Vendettas) so that our children can attend free government run pre-school. This SUCKS.

  3. marian hill says:

    13107419857 really need the extra help of a stimilus check im a struggling single mother and the children needs alot also bills are behind and i need help some how from somewhere or someone 264 co rd 1245 vinemont al 35179 i can get text and nights and weekend calls i dont have enough to pay for daytime minutes at&t 13107419857 my car broke down no wayto work or school suffering right now alone need miracle

  4. Martha says:

    Ok I am married and have three kids.We would really appreciated if this year we get the chance to receive a stimulus check.We only have one car.We have been having trouble with it.To repair the car is to expensive the stimulus check would really help us alot.

  5. Evelyn Steward says:

    Last year it helped to get the one time stimulus check payment that paid for replacing a few broken items in my home, I plan to do the same hoping the President will re-think his present plan and issue another lump sum stimulus check in 2009.

    Eve

  6. LIZ BROWN says:

    I BELIEVE ANOTHER STIMULUS CHECK WOULD BE GREAT IT'S OUR TAX MONEY PAYING FOR IT ,IT'S NOT GREED ,IT'S NOT SAYING GIVE ME GIVE ME IT'S HELP THAT US THE PEOPLE NEED THERES ALOT OF US WITHOUT JOBS ,UNEMPLOYED
    AND TRYING TO STAY AFLOAT ,MY HUSBAND LOST HOURS AT WORK I GOT LAID OFF ,WE HAD NO CHOICE BUT TO SELL OUR HOME AND HAVE OUR TRUCK REPOT
    NOW WE ARE RENTING AND IT'S NOT THE SAME AS OWNING OUR OWN HOME BUT
    BECAUSE OF THE FACT I GOT LAID OFF AND MY HUSBANDS HOURS GOT CUT DOESN'T MAKE US GREEDY WE JUST NEED THE EXTRA HELP ,AND WHAT A BETTER WAY TO GET IT ,AT LEAST IT COULD HELP GET SOME BILLS OUT OF THE WAY WE
    DID NOT GET ANY MONEY OUT OF THE SALE OF OUR HOME ,WE HAD TO QUICK SALE IT SO IT WOULDN'T GO INTO FORECLOUSURE . AND WITH LESS MONEY COMING IN WE ARE LIKE ALOT OF PEOPLE WE LIVE PAY CHECK TO PAY CHECK
    AND ROB PETER TO PAY PAUL SO WHATS THE BIG DEAL ALITTLE EXTRA MONEY WOULD BE WONDERFUL

  7. Elsie Robertson says:

    I think A big stimulus check would be great it would help us tax payers out a bunch, I lost my job last Oct. and have been on unemployment ever sense and trying 2 pay all the bills, buy groceries I dont have enough to pay everything,Giving all that money to the banks and car companys and all those other businesses is not helping the economy not one bit its only helping the big wigs, if he gave us tax payers some of that money we could go out and buy cars or boats or what ever we needed and get the economy back up but not the way hes doing it. this is really causing a lot of stress on the american tax payeres trying to figure out how where going to make ends meet every month. he needs to help the individual familys by giving us a check instead of the banks. giving it to them and others like them is not helping us out a bit. WE NEED HELP PLEASE. PLEASE, PLEASE

  8. Awna says:

    I have been reading the comments on here. It truly puts me in aw of the response to getting a $10,000 stimulas check. The fact is...what money goes out the door now...we'll have to pay for it later...and with interest! They've already spent the money we've paid into the government. So no hope there. The fact is...no one is getting a stimulas check this year. Case closed. We ca ask..but no one will recieve. No one knows ebtter than I about how the economy is deflating, and at an alarming rate! I work for a community non-profit oragnization. We help cloth, feed, shelter people, as well as help people get job experience by working at a temp job 20 hours a week and they get paid for it...plus recieve a portion of their TANF grant from welfare. This is all to help get people back on they're feet. I live in a small town. the unemployment rate here is at an all time high of 14.7%. And from what I hear, it's about to get alot worse. We need to quit hoping for a pipe dream that will never happen, and pull ourselves up by the bootstraps and help ourselves...it's not like the government is gonna help us...they're too busy having tea parties, and social gatherings with prime ministers and authority figures from other countries!

  9. Awna says:

    Ohh...and just so you know...I am NOT rich, I am also a single mother raising two teenaged boys who eat like there's no tomorrow, and have a shitty car taboot! But I'm making do with what the good lords given me...we all need to do that. Tougher times are ahead, and I truly wish everyone the best of luck.

  10. cacpo5 says:

    Hi All,

    The first thing we have to do is stop calling this an economic stimulus check. It is not the government's money they are trying to decide if they should give us. It is our money we have given to them in the form of taxes so they could responsibly run our country. They are not doing what we have entrusted them to do with our tax money and we, as Americans, should be demanding that they do so.The Constitution gives all the rights to the people, not the government, and it is time to stand up for these rights. Our rights are taken away from us more and more every day, as well as our money, and if they are going to continue to bail out big business with my tax dollars, then they just won't get taxes from me anymore. I would rather work a cash under the table job and give them nothing than to give them my hard earned money just for them to throw away. I'll cut grass, shovel snow, paint fences, grow a garden and sell the veggies, etc. before they get another dollar from me. Remember, America wasn't built on big business. It was built on small business, and helping each other, and working together. It's time to get back to the way America, and we as Americans used to be. Maybe self reliant and his wife could help out a single mom in their neighborhood by watching her kids so she can work instead of putting people down. Remember, his wife could be a single mom if something happened to him, and I'm sure he'd want someone helping her out. We need to start looking out for each other again and stop looking to the government to make things better. When a child misbehaves, you take away it's allowance. The government is misbehaving and needs to have it's allowance taken away. Find someone today you can help so they can work. Start your own small business and keep the money you earn. This is what will turn things around. Work together, look out for each other, and be willing to fight for America, even if it means a government overthrow. This country is still worth fighting for but if we just complain and do nothing about it, it won't be.

  11. Chris says:

    We don't need stimulus package. It didn't work last year it will not work now. We need jobs, and job security for those who are lucky to have jobs. People spend money when they have steady income. Creating more jobs is the only way to stimulate the economy.

  12. momOFthree says:

    My plan is to screw it Im going to go on FULL BLOWN WELFARE. Screw the taxpayers Bc Im not one of them anymore I lost my job and My husband lost his as well. So all u can have fun supporting my family of 5! Let the state take care of us now!!!

  13. momOFthree says:

    And Im truly not worried about losing my house bc then we'll just move into a project and pay next to nothing since nothing is what we have. I worked for 13 yrs and my husband for 17. We've paid our dues to the state now they & u fortunate ppl can take care of us......No amount of money in the world can fix the problems we r facing today.

  14. sabrina says:

    mr obama you said that single parents would get 400 and married couples would get 800 what happen to that second stimulus check you said we would get how come other got one but people in opelousas didnt get one i think we are in crisis to dont you think so.

  15. responsiblebutstilldrowning says:

    I have read all of these comments and everyone except one of you have the same feelings. Self reliant I have news for you....You are not as high and mighty as you think you are and you have no heart. You will answer to god one day for your cold ways. There are many people on here who know what life REALLY throws at normal people. I commend all of you. I share ya'lls pain and suffering. I am a single mom with no family to help with daycare, whick leaves me only able to work daycare hours. I bring home $312 a week which is the highest I can make in my area working full time. I pay $ 196 a week in daycare during school months and $256 during summer, you do the math. I have a paid for car and have to live in a paid for trailor but still have lot rent.Light bills around my area run about $150 at least a month usually more, and that is with all electricity being off 10 hours a day including ac and heat. I have two kids that have dads that dont like to pay their child support. I tried going to the state to get it but kept getting one excuse after the other why they couldnt help me get the child support. I cant get on any assistance since my state takes before taxes income and child support I am not getting as income since it is written on a stupid peice of paper saying I am suppose to be getting it. I dont have enough money for suffiecient food or walmart on sale clothes and shoes for my two children I can get them clothes and usually 3 or 4 outfits twice a year if i am lucky. I have pinched so many pennies and worked so many hours i have ulsers and blisters. I am not wanting any sympathy, because I am determined We will make it, at least my kids have love from me. My kids maybe get a treat of eating out once every three months, if they are lucky, but I will say this self reliant I hope you NEVER have to experiance the REAL troubles of REAL people because I dont think you have enough backbone or heart to handle what it takes to be a REAL american who actually has to live paycheck to paycheck or like alot of us our next 10 paychecks are spent on NEEDS before we even make them. So sit down shut up and relax in your over-indulged fantacy world. To the rest of you keep on keeping on we little forgotten people will have our day in the sun one day. God Bless All of YOU, even you self reliant or a better name for you Mr self indulgant high and mighty!!!!

  16. Ken Perry/Portland, Maine says:

    You know, things have been really REALLY sucking in my home state of Maine as a result of this recession. The state of Maine has become a third world wasteland with no jobs, and more are lost everyday. I been thinking about this for a while and there seems to me like there is a simple solution to all this mess. We've all learned to our dismay since the days of Ronald Reagan that the concept of "trickle down economics" is a complete failure. It seems that money has NEVER trickled down to the working class, rather staying up at the top with big company executives to fund their "golden parachutes" and bonuses that are not earned (AIG anyone?). This leaves HARD working Americans hanging out to dry trying to make ends meet in a economy where inflation is out of control, and we sit around worrying about the health of giant banks? What about us? One solution I've haven't heard anyone discuss? President Obama should perhaps look into mandating a change in the Federal minimum wage laws. You cannot live any sort of life on $6.00-$7.00/hour no matter how frugal you are. So, I guess I'm suggesting that we FORCE ALL COMPANIES NATIONWIDE TO PAY WORKERS A MEANINGFUL WAGE OF $12.00/hour MINIMUM BY LAW. I know from past experience this IS a livable wage. All the money these execs. and companies horde from massive profits only sits in bank accounts collecting interest doing Americans no good at all. Let's use THAT money for something other then bigger private jets for a few. Wait...I'm not finished yet. We also know for a fact that the second THAT law goes into effect, retailers and service providers WILL soak us all instantly with new fees, rate hikes, and increased prices for merchandise making my wage increase meaningless. This brings me to the second part of my stimulus plan. Sign a law that puts a 6 month freeze on outrageous price increases (price gouging) from merchants, giving Americans time to "catch up". A Big Mac that costs $1.99 the day before the wage increase my not cost $5.99 the day after. A Toyota Camry that costs $25,000 today may not cost $39,000 the day after the wage increase. A month of cable service that costs $70/month the day before my wage increase may not cost $150.00/month the day after it is signed into law. Obviously we WILL need a proactive legal government authority to monitor this...a small price to pay. Think of all the money that would be put back into spending American's hands, and they will spend it. A massive shift such as this would lurch the whole country out of this spiral into depression so quickly it would shock you. I almost guarantee it. Of course, I'm no economist, I'm a studio exec., so if there is a good reason why I'm a moron for even suggesting this, please respond and tell us all why this isn't a good idea (I THINK it is) as this forum seems to be intelligent conversation on what we can do to help ourselves. I welcome your rebuttal with no ego. It's just an idea. Well, I gotta roll out now so I wish you all the best of luck, and keep this excellent discussion alive.

    Ken Perry/Portland, Maine

  17. cacpo5 says:

    One more thing. For those of you who still do have a job and are still spending money "BUY AMERICAN." The more money we keep in the good 'ole USA, the better off we will all be. If it is made in China, Korea, Spain, etc, etc, etc, DON'T BUY IT, EVEN IF IT IS A LITTLE CHEAPER. If you have to worry about a few dollars difference between foreign or domestic products, you probably shouldn't be buying it anyway. We work for it, we spend it. Why not spend it where we live?

  18. Nilesh says:

    I really appreciate view mentioned in above content and also in fever of getting huge amount as stimulus check this time instead of current path.

  19. Raymond says:

    Cacpo5,

    I'm somewhat of a cynic in terms of this whole buy American approach....is it something that any one really heeds? I know it sounds good on paper, much the same way it makes a lot of savvy sense to say we all would like to recycle more to help protect the environment and save the Earth, but frankly, I doubt people are going to be willing to buy more American products and less foreign made ones - even if it's to help further our economy. People are inherently selfish economically, and will probably do what's in their own self interest to save a buck here and there rather than think about the bigger picture of stimulating the American economy.

  20. motorhead1964 says:

    Dare I venture in with my 2 cents worth....no doubt we are all in serious trouble here especially when the last hope for a turn around in our economic mis-fortune is our own govt. who at best seem just as scared as us, and for the most part dont have a clue on how to help us effectivly without simply handing out money...here's what happened, for many years whenever an unfortuant country needed help...who always helped them...thats right we did...our govt always shelled out money to anyone who asked for it...Trillions and Trillions...one country beat up another country we go in and straighten things out for them.....if a country was starving we send them food..etc...I read lots of comments about being responsible for our family...well the govt certainly made it hard for us to do just that...instead of worrying about all these other country's problems..and believe it or not this is where all our problems started, who said that whenever a problem comes up with a foreign country its our responsibility to help them..do we have to stick our nose into every problem that comes to light...look at all the money that goes into foreign aid... and that pays for wars. its time to shut down the borders, start minding our own business and stay out of foreign affairs. no more people in this country...we simply cant house anymore immigrants...there's not enough jobs to go around as it is....convert all that money for wars and aid to other country's into our own cause..get the companys back open in the usa....lets do the responsible thing here and take care of our own...with our own tax dollars...until we stop worrying about everybody else...it will not get better for us...

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