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An honest question about the US stimulus bill

Discussion in 'Sports and News' started by Mark2010, Feb 10, 2009.

  1. Ace

    Ace Well-Known Member

    I'm sure you could wear a hardhat and stand around with the best of them, Simon.
     
  2. Armchair_QB

    Armchair_QB Well-Known Member

    Yep. And if you're a construction worker you eventually finish your job.
     
  3. Simon_Cowbell

    Simon_Cowbell Active Member

    Key word being eventually.

    That would by enough time for them.
     
  4. Simon_Cowbell

    Simon_Cowbell Active Member

    As you know with me, no hardhat required.
     
  5. amraeder

    amraeder Well-Known Member

    This is an honest-to-God question: Wouldn't the best stimulus for the economy to get the credit markets out of their deep freeze? Should we be devoting a lot more time to that instead of this other stuff?
     
  6. Ace

    Ace Well-Known Member

    Wouldn't people having actual jobs help lubricate the credit markets?
     
  7. Simon_Cowbell

    Simon_Cowbell Active Member

    First, they should mandate that the maximum interest these credit-card companies can charge is 10 percent.

    And the maximum unpaid balance anyone can carry over any and all cards is $25,000
     
  8. PeteyPirate

    PeteyPirate Guest

    I don't know if you're aware of this, but that is actually the definition of freezing credit.
     
  9. Simon_Cowbell

    Simon_Cowbell Active Member

    Those massive unpaid balances are playing a healthy part in the foreclosure spate.
     
  10. PeteyPirate

    PeteyPirate Guest

    All I'm saying is that your argument to unfreeze the credit markets is for the government to mandate credit freezes.
     
  11. amraeder

    amraeder Well-Known Member

    Maybe a little bit. I don't know. But honestly, it doesn't seem that way. I mean, it seems like people all over the spectrum, good jobs, no jobs, good credit, no credit, are having a hard time getting credit right now.
    Of course, I wasn't really thinking about people. What's more important than people getting credit are businesses getting credit because that will (hopefully, in my mind) let them ford these tough economic times better -- take out loans to get through the bad times so they don't have to cut back their workforce as much.
    But it takes two to tango and someone needs to be making those loans, which, from what I've heard, doesn't seem to be happening right now. Lending institutions control a ton of assets that are losing value by the day (including their own common stock), which means they need more money in-house to cover writedowns, which means they can't send money out of house.
    BUT, I feel I'm speaking way out of my economic depth here, so hopefully someone who actually knows what their talking about can come in and help out a bit. :)
     
  12. Ace

    Ace Well-Known Member

    Good luck even finding a card that will charge 10 percent or less.
     
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