Advice for Obama: $1T Stimulus Needed to 'Keep Economy from Collapsing'

Where are we getting all this "disposable income" from. Printing all this money is going to cause inflation, and a national debt that won't be paid for generations. Question? Who gets the interest paid on the national debt?

It will end in utopian prosperity........All package and stimulus will take an effect in 3 months to 6 months time...........By the year 2.8 Million jobs will be created........No doubts about it............

That is very realistic assesment of current state of credit, financial crisis, recession and very good stimulus package directing to the problem solving for economic collapse.

Hey not bad for someone who is just a professor of economics in Texas. Do you balance your own checkbook too?

The mechanism for cunsumption will provide offsetting.

This is a total sham. We need the recession to happen so that the bad assets can be liquidated and the good assets come forth. Throwing more money at the problem only prolongs the recession because bad business practices can be continued via government funding. There is nothing wrong withe having a recession right now- it is an absolute must to get rid of all the excess credit and bad debt in the market that the Federal Reserve enabled by lowering interest rates too far and making too much money available for speculation instead of innovation and the production of real goods and services. Furthermore, the U.S. Government is broke. Credit default swaps on 10 year U.S. treasuries are at an all time high. So look at the big picture- we have the federal reserve making too much cheap credit available to the market- leads to overspeculation and too much home building and too high inflation (inflation numbers by the govt are bogus- see hedonic adjustments)- leads to rapid contraction in credit and asset prices- leads to deflationary environment which then government engages in dangerous deficit spending to restart the economy- which then leads to possible hyperinflationary environment- interest rates shoot up causing the government to default on their debt- the U.S. dollar gets devalued and we all suffer greatly because our purchasing power will evaporate. So the root cause here is the Federal Reserve and we the people end up paying for it in the long run via out of control government spending and a reduction in our purchasing power due to the eventual devaluation of the dollar. This is a form of modern day fuedalism which most of the general public is unaware. Barack OBama is part of the problem. The author above suggests that the government can spend now if when the economy starts it will cut its spending. We know this will never happen as the government is growing larger by day while the private sector is contracting rapidly. We need a 20% cut in government to really get this country going.

How much deficit spending will it take to bankrupt America ?? That would dwarf the current situation.

This author is delusional if he thinks the governmetn is going to cut its size if and when the economy gets going again. Obama and his friends at the Trilateral Commission have plans for more wars with Pakistan, Iran, and even Russia to assert another 100 years of U.S./British domination. They are scared of the fact that so much wealth has transferred to the East and now their divide and conquer strategy is to demoralize and break up as many countries as possible in the Middle East by using Israel and India as pawns. Then the ultimate goal is to encircle Russia with NATO countries and divide them up. See Zibignew Brezenski's Grand Chessboard: American Primacy and its Geostrategic Initiatives. Obama's advisor is Zibignew Brezenski and he wants to divide and conquer this countries to assert U.S. dominance over resource rich countries. I say god speed to Russia, Iran, and Venezuela. These countries don't subscribe to the corrupt Central Banking system run by the Rothschilds, Warburgers, and other power rich families.

This author is delusional if he thinks the governmetn is going to cut its size if and when the economy gets going again. Obama and his friends at the Trilateral Commission have plans for more wars with Pakistan, Iran, and even Russia to assert another 100 years of U.S./British domination. They are scared of the fact that so much wealth has transferred to the East and now their divide and conquer strategy is to demoralize and break up as many countries as possible in the Middle East by using Israel and India as pawns. Then the ultimate goal is to encircle Russia with NATO countries and divide them up. See Zibignew Brezenski's Grand Chessboard: American Primacy and its Geostrategic Initiatives. Obama's advisor is Zibignew Brezenski and he wants to divide and conquer this countries to assert U.S. dominance over resource rich countries. I say god speed to Russia, Iran, and Venezuela. These countries don't subscribe to the corrupt Central Banking system run by the Rothschilds, Warburgers, and other power rich families.

This author is delusional if he thinks the governmetn is going to cut its size if and when the economy gets going again. Obama and his friends at the Trilateral Commission have plans for more wars with Pakistan, Iran, and even Russia to assert another 100 years of U.S./British domination. They are scared of the fact that so much wealth has transferred to the East and now their divide and conquer strategy is to demoralize and break up as many countries as possible in the Middle East by using Israel and India as pawns. Then the ultimate goal is to encircle Russia with NATO countries and divide them up. See Zibignew Brezenski's Grand Chessboard: American Primacy and its Geostrategic Initiatives. Obama's advisor is Zibignew Brezenski and he wants to divide and conquer this countries to assert U.S. dominance over resource rich countries. I say god speed to Russia, Iran, and Venezuela. These countries don't subscribe to the corrupt Central Banking system run by the Rothschilds, Warburgers, and other power rich families.

a disaster waiting to happen It will never be paid back and we will inexorably grow a wasteful, inefficient government.

If you give me the $1T, I will stimulate the economy. First I will find business's that are losing money, and give them some more to lose. Then I will find people that can't pay their mortgage and adjust down their rates only to have them default a few months later anyway. I would also build lots of unwanted and unneeded roads/buildings/bridges. I would also make darn sure that detroit gets enough money to allow the car companies to continue failing. I will only charge 1% of the moneys as my fee. Barack has 15 minutes to take me up on the offer to save the economy. I will be in my cardboard box under the bridge loan if you want to take me up on the generous offer.

ADVICE FOR "OBAMA",....TELL EM YOU QUIT, WANT OUT, HAD A BELLY FULL, CANT TAKE IT ANYMORE,,DONT NEED THE AGGREVIATION ,ITS NOT MY PROBLEM, ADIOS, AULD VEIDER ZANE, IF YOU CANT SMOKE IN THE WHITE HOUSE, YOU MIGHT LEAVE , AND IF THE GOING GETS TOUGH,, TRY SOME" PIRODI CIGARS" YOULL REALLY PISS EM OFF..., LET BIDEN TAKE THE HELM,, HES BEEN THERE LONG ENOUGHT,SHOULD KNOW ALL THE ROPES.....GO HOME AND HAVE A FEW MORE KIDS,, YOULL NEED THE DEDUCTION .S.....BEST TO YOU MISTER "O",, THIS REPUBLICAN WISHES YOU THE BEST OF LUCK,,ME THINKS ,, YOU CAN DO IT.... OR SO IT SEEMS.

That's great news a 1 Trillion stimulus. We have been saved by Obama and McCain and their wondrous economic genuis.

And when has a government "scaled back" programs or money once allocated? You can find a few examples, but not many compared to those that continue to expand!

Maybe the 57 states can seceded of the Union and D. C. can be left with the bill.

They just want to spend us into socialism, so there will be no turning back. Free markets have made this country into the greatest and wealthiest country on earth, that's why people are always trying to get. Don't buy into this.

Adolf Hitler do it in GERMANY before the war......It work......Mao do it... It works.....Roosevelt did it and it works.......Prime Minster of England after the war Prime Minister Clement Attlee did it and it works........SO obama will do and it will succed,that is the realistic outcome prosperity......History has a points and pattern if economic sucess.........Will it repeat itself....yes in 2009........

Bailout = Short term Gains and Long term Losses. Stop the Bailouts before we really drive us into the gutter. The dollar is even loss strength versus the euro. What got to happen to make the politicians see that more bailouts are not the answers? Double digit inflation, People burning dollars in the street to stay warm, if we are not careful we are headed for Germany in the 1920s which will be followed by Germany in the 1930’s.

Even if these recommendations are true, look who is running them. The same Keystone Kops running the bailouts.