I Heard Another Economic Stimulus Package May Be Needed.

@elmiko (6640)
United States
July 5, 2009 7:42pm CST
I don't like the idea of another Stimulus Package. Its making money seem more worthless. After so many stimulus packages I think theirs a point where people should say"You know what let the people who made bad financial decisions fail and feel the pain of their mistakes".
1 person likes this
6 responses
@Lakota12 (42684)
• United States
6 Jul 09
I go along with ya there. I heard that SS people wont get thier yearly wage increase and am thinking it has to be with the $250 they sent out. I didnt ask for mine but got it anyhow but did spend it for my trip!
@elmiko (6640)
• United States
7 Jul 09
i heard about SS wage increase not getting their wage increase this year maybe even next year. most people are having to make some type sacrifice for the economic problems.
@Lakota12 (42684)
• United States
8 Jul 09
Well my thoughts are I liked my raise every year and if tehy take it away I would just as soon not got that money!. I didnt sign up for that first $300 they sent out so I guess that check is setting somewhers as most didnt sign up for it so where did that money go too?
@rsa101 (13336)
• Philippines
6 Jul 09
It is really ironic to know that the biggest country in the world who i think was look upon being an economic giant is now suffering economic flu. I really do not understand anything about the nitty gritty about this things but I guess it was a lesson that each has learned the hard way. The Stimulus packages are really not helping but really slows down the pain that the economy is feeling. It is like a pain reliever that is injected to a patient in pain to give his body some relief in the pain but not a cure for what is causing the pain. It is also done to be able to focus on how to treat the patient in pain.
@elmiko (6640)
• United States
7 Jul 09
i do believe a some amount of stimulus can help but other things need to be fixed as well such as people signing for housing loans they can't afford. the loans are not clear enough to understand for some people who are signing at times. Others which is even more foolish don't read the fine print and sign for a mortgage. the banks are just as guilty as the people who they let sign for the mortgage.
1 person likes this
@rsa101 (13336)
• Philippines
7 Jul 09
Yes I heard that the way people handled their finances there was quite lax. There are many offering loans to those that cannot afford to pay their debts and this practice continued on until they become quite large that the whole American economy got entangled with it. I guess the reforms must not come from Government but in people's attitude on loaning money to one another.
@faisai (1140)
• Hong Kong
6 Jul 09
I think the government has learnt a lesson a very tough way: the collapse of Lehman Brothers. We all know how the government has let LB gone down without trying hard to save it. The consequence? We all know how bad the economy the collapse has triggered. All those people should suffer from their mistakes but then if the government just don't do something, not only they will suffer but also those not related.
@elmiko (6640)
• United States
7 Jul 09
i thought the first bailout was needed but another to me is just overdoing it. i actually think Europe had a better approach to this problem in making more regulations rather than more bailouts.
@stephcjh (32328)
• United States
6 Jul 09
I agree with that. We have all had to deal with our own financial issues for years without any help from anyone. I think the big companies that have always had money, should have to do the same also. No one bailed us out!!!
@elmiko (6640)
• United States
7 Jul 09
I actually agreed with the first bailout because it would have hurt so many regular people other than the banks and probably would have resulted in another great depression. More bailouts though i don't agree with at all.
@Glow1971 (354)
• Spain
6 Jul 09
Hi! So where did you read about the possibility of another stimulus package?? What in the world is going on here?? And your absolutely right..."let the people who made the bad financial decisions fail and feel the pain of their mistakes", but i'm afraid it isn't as simple as that.
@elmiko (6640)
• United States
7 Jul 09
from what i've heard some of them didn't even need the stimulus but were forced to take it and are paying it back now.
@diamania (7037)
• Netherlands
6 Jul 09
Funny, USA doesn't have money and what happens when you spend more money than you have??? Even a toddler could tell you you'd be in debt... I don't think these packages are the answer...
@elmiko (6640)
• United States
7 Jul 09
no, their only a small part of a solution. if not just let the businesses go broke.