"Terrible Year Baked In:" Govt. Stimulus Needed, But Not This Bill, Wolf Says

not any damn Bill....if all they know is spend...spend...spend...who in their right mind would want a dang Bill...what happen to the word "SAVE."

our government is going to be the last sector to have to face the corruption and ineptitude in their ranks. Since they make the rules and self govern it will all end with them. It will happen after they leverage up the US to the max and the whole economy collapses. The public sees this happening and will not spend until they get a sense our leaders have regained their senses. They simply cannot overcome themselves. I give it by the end of the year to unraval.

I like my "Terrible Years" deep fried. Not baked.

Isn't spending what got us into this mess?

.Stop the Bailouts. Get rid of the Mark to Market Rule. Cut the Capital Gain taxes, Stock Market will start to go up; Housing will start to go up. People will start to feel better and spend money and recovery will be around the corner and our children will not have to pay for it.

What is needed is a "stimulous package" that works from the bottom up. This present Bill is a sham and full of Congressional spending Pork. It will not FIX the economy at all. We all pay throough inflation and our money is worth less and less. It would be better to do nothing.

The CBO says that there is as much chance of success if we do nothing, versus enabling the practices in this horrific bill. Can't we let the markets run their course, without extra tax burdens? We are all in a jam to some extent, but this spending bill (not calling it a stimulus, as it is not), will do only one thing for sure - hamstring us all with debt for 25 years. And lead to inflation we've not seen since Carter. Will this be worth it?

if it is all ready baked in....shut the damn oven on all this spend...spend...spend! tat chicken in every pot and a full tank of gas will only come back when the American people buy American made.

I sure fire way to save the economy: Adjusted gross income up to 125K is EXEMPT from the Federal Income Tax - More Money Pocket for MOST people, people will spend it, can start paying off loans, etc.... - ONLY deductions allowed will be MORTGAGE interest and Property tax (from state) AND LONG TERM CAPITOL GAINS* Long term should be defined as continuousally held for at LEAST 2 years. this will save the housing market, spur the housing market, kill the "next quarter" mentality that is a fundemental flaw in our economy. The REAL KICKER....ALL TAXABLE INCOME ABOVE 125K is taxed at a flat 33%...thats it...no gimmicks...this will social security etc Rich people will not like this, since very limited ways to hide your money and its too "fair" Brillant I know, so, why not?

The republicans want tax cuts because they're the only ones paying taxes - democrats don't pay taxes. The rich dems just "forget" to pay and the others are on the government teet sucking money from tax payers.

If you are not for this bill, you must have a job or a lot of money. Otherwise, I can't imagine WHY you wouldn't be for saving our economy and strengthening our country. We NEED a spending bill and anyone who thinks we can muddle through this mess without help needs to do some research. Don't get too smug.

Excellent interview....this guy obviously knows his stuff. Thank you

tax breaks will only help the rich and not the economy. there is no quick fix to todays problems. lots of time and sensible package is what will do it.

In Obama's own words from Elkhart Ind. today, it is a long way from passing this bill to actually getting any $ in peoples' pockets. Talk about "trickle down"; this so-called stimulus bill is the poster child for the trickle-down-doesn't-work crowd. Middle class tax cuts would put $ on the street almost instantly. By the way, anybody notice that the income limit for "middle class" has trickled down from $250k during the campaign to $150k as of today.

YahooFianaceUser, Quit contradicking yourself, one sentence "don't spend" the other "don't cut taxes" whcih one is it? Do you have any idea what you are talikng about? A tax cut for business is what drives employment, employment drives the economy. After the Kool Aid wares off, everyone who voted for Obama will find themselves curled up in the shower washing off thier shame as they cry like rape victims.

In Obama's own words from Elkhart Ind. today, it is a long way from passing this bill to actually getting any $ in peoples' pockets. Talk about "trickle down"; this so-called stimulus bill is the poster child for the trickle-down-doesn't-work crowd. Middle class tax cuts would put $ on the street almost instantly. By the way, anybody notice that the income limit for "middle class" has trickled down from $250k during the campaign to $150k as of today.

I'm still waiting for positive data from the leading indicators. I hope this short-covering sucker rally ends soon. The market and economy will not get better until after all the 2008 campaign promises have been funded.

The Stimulus money will just end up in the pockets of the already wealthy. Why does everyone think only Republicans are rich? Money is much thicker than political lines. Behind closed doors they're back slapping buddies taking care of each other.

Dow was only 1000 in 1982 prior to the start of the 401k programs... housing bubble did not start in 2003, it started way back in 1982.....how long will it take to fix that ???

This pundit never heard of "creative destruction". Market forces work, and recovery happens, and we have a stronger and better economy as a result. He wants mommy to save everyone, but who then saves mommy?