Could someone please help me understand the stimulus bill?
So I'm only 16 and some may think that I don't know that much about politics. I'm just needing help with this. Okay, I never supported Republicans or Democrats because both of them have bad sides and good sides. I've been hearing from a lot of people that they're starting to regret voting for him. I think this is because of that stimulus bill. My mom (who over-reacts to everything) thinks that Obama just wants to bankrupt the country then sell us to some foreign nation. From how it looks, $900 billion dollars is a lot of money. I'm just wondering what exactly is this supposed to do? Would it make our country go bankrupt? If someone could please help me understand this, I'd appreciate it. Right now I'm a little iffy about this thing. Maybe because it's the media and my family going around blowing this out of proportion.
Asked By: Kelsey C - 2/6/2009
Best Answer - Chosen by Asker
The economy goes through business cycles -- ups and downs... More
Answered By: Musicman812 - 2/6/2009
Additional Answers (8)
Its a hugh spending bill wont help the economy at all
Answered By: honeybeejim - 2/6/2009
I would be more then happy to explain the stimulus in great detail,but it would take to much space on here. But what it comes down to is most of the stimulus bill is garbage. Money being spent on crap that is not going to help anyone. Like planting new grass on the capital mall. Yes believe it or not that is one of... More
Answered By: Mr.Cow Attorney at Law - 2/6/2009
Well Kelsey... I'm 47 years old .. and I don't understand it either... More
Answered By: whadda ya think ... - 2/6/2009
The Problem is it has so much stuff in it NO one understands it... More
Answered By: TaylorProud - 2/6/2009
you really have to understand what our current situation is. go to c-span . org and watch Joe Biden's speech today for the Democratic Caucus. If you watch government in progress on c-span, you get a very accurate view, I think, of how and why it does what it does.
Answered By: AgriCult - 2/6/2009
Stimulus Package is not the spam you get every day it is a spending bill where well placed money is given to the largest and biggest banks and they will profit from the less fortunate and the company. The small business will be able get a loan for high interest. Home loans are still unsolved. There is a bunch of pork... More
Answered By: Pablo - 2/6/2009
Essentially your mother is correct. Benjamin Franklin once said "You cannot spend money you do not earn without ruining your credit". With a gigantic defecit we are doing just that with little or no return. Look at it this way: I want all your money but I refuse to tell you what I am doing with it. Can I have it? Until... More
Answered By: Gunner - 2/6/2009
Let me give you a little economic theory. It's at an appropriate level for you age. That's about how old I was when I first took macro-economics... More
Answered By: Joe Finkle - 2/6/2009
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