2009 Stimulus package, now with more pork. *updated! obama signs. (sad face)*

[quote name='Vega$']Wait, are we getting a Stimulus check this year?
I haven't heard of anything. I already filed my taxes, but nobody told me anything about it.[/quote]

no, not unless you are on welfare. if not, look forward to getting almost $8 whole dollars more a week!!!!1111111!!

I can't wait to get my eight bucks more a week. It'll fill a quarter of my gas tank. My economic problems are solved.
 
:rofl: I can't believe we are getting like ~$10 a week extra. What is that going to do?? Absolutely nothing!
~$50 extra a week, well, that might give people some extra spending money..but, having extra spending money isn't the sole issue here.
 
Sorry for those sensitive to this source, but I have to do it:

http://www.youtube.com/watch?v=YDEe0Ai6lTM

And before the usual rabid anti-fox/beck peanut gallery gets warmed up about embellishment, etc etc:

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I don't always agree with Beck; but I do agree that most people still haven't quite comprehended what our government has just done.
 
[quote name='thrustbucket']

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I don't always agree with Beck; but I do agree that most people still haven't quite comprehended what our government has just done.[/quote]

They DOUBLED the amount of dollars in circulation in just a few months...staggering.

That means the value of every dollar in your pocket has been cut in half. You just haven't felt it yet due to the financial bubble bursting. We have temporary price deflation as the economy corrects, but once things stabilize, all that new money sloshing around is going to be put to work and we will have massive inflation in the coming years. People/banks/companies will be buying everything under the sun with these new dollars which will cause prices to soar. The law of supply and demand can't be conned forever.
 
[quote name='Capitalizt']They DOUBLED the amount of dollars in circulation in just a few months...staggering.

That means the value of every dollar in your pocket has been cut in half. You just haven't felt it yet due to the financial bubble bursting. We have temporary price deflation as the economy corrects, but once things stabilize, all that new money sloshing around is going to be put to work and we will have massive inflation in the coming years. People/banks/companies will be buying everything under the sun with these new dollars which will cause prices to soar. The law of supply and demand can't be conned forever.[/quote]

(Assuming hyperinflation occurs.) If you buy a house now, it will be worth double in just a few years due to inflation.

Think about the cleanup rental managers will make.
 
At least the rich will get it all first while it's still worth something. :roll:

It'll be nice once inflation kicks in and we're all effectively making half as much money.

[quote name='Capitalizt']They DOUBLED the amount of dollars in circulation in just a few months...staggering.

That means the value of every dollar in your pocket has been cut in half. You just haven't felt it yet due to the financial bubble bursting. We have temporary price deflation as the economy corrects, but once things stabilize, all that new money sloshing around is going to be put to work and we will have massive inflation in the coming years. People/banks/companies will be buying everything under the sun with these new dollars which will cause prices to soar. The law of supply and demand can't be conned forever.[/quote]
 
[quote name='Kayden']At least the rich will get it all first while it's still worth something. :roll:

It'll be nice once inflation kicks in and we're all effectively making half as much money.[/QUOTE]

Meh I am not really that worried about this. Even if it happens its just happening a few years early. The rise of the rest of the world was sure to pull down the American standard of living a little in coming years anyways. Is it really that bad that people are going to have to learn to save money and not buy a second car or upgrade their HDTV to a flat screen HDTV?

Dont get me wrong ya it would be nice to make 2x or 3x as much money. But I am perfectly content if our standard of living goes down because frankly it needed to. People need to learn its ok to live in an apartment for awhile before buying a house, hold off a few years out of high school to have kids and drive a $12-$15k car vs a $30-50k car.
 
[quote name='MSI Magus']Meh I am not really that worried about this. Even if it happens its just happening a few years early. The rise of the rest of the world was sure to pull down the American standard of living a little in coming years anyways. Is it really that bad that people are going to have to learn to save money and not buy a second car or upgrade their HDTV to a flat screen HDTV?

Dont get me wrong ya it would be nice to make 2x or 3x as much money. But I am perfectly content if our standard of living goes down because frankly it needed to. People need to learn its ok to live in an apartment for awhile before buying a house, hold off a few years out of high school to have kids and drive a $12-$15k car vs a $30-50k car.[/QUOTE]

Depends on your perspective. When you have a society that has been used to excessive standard of living for decades and then force them to drastically alter that standard of living.....yes it can be very bad.

When your economy is built on excessive consumer spending, on buying pointless crap, and you put an end to that......yes it can be very bad.

We aren't talking a simple short term shock to the system, we are talking about a complete re-boot.
 
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