Comments on: Update: Latest Details on the Obama Stimulus Plan-Will it Work?

By: RC

RC — Wed, 28 Jan 2009 03:08:48 +0000

@Slinky- I agree, although I do see the scare with the banks and not wanting too many of them to fail-but a lot of other companies (not just the auto manufacturer’s) seem to be waiting in line for a piece of the stimulus. Hopefully, they will dish it out wisely.

By: Slinky

Slinky — Tue, 27 Jan 2009 15:38:29 +0000

Yeah, I’m obviously not optimistic either. For me it all comes down to the whole “Too big to fail” thing. I don’t care how big a company is, if they make stupid business decisions, they should suffer the consequences. Let another business with a better business model take over their market share. That seems like a smarter solution than propping up poorly managed companies. But what do I know? I’m not an economist either.

By: RC

RC — Tue, 27 Jan 2009 04:11:51 +0000

@Slinky- It seems like it’s common sense that more borrowing and spending may not solve the problem, but I an no economist! I guess time will tell, but I am not overly optimistic.

By: Slinky

Slinky — Mon, 26 Jan 2009 20:21:59 +0000

Spending money we don’t have is what got us INTO the recession, it seems unlikely to fix it as well.