A Stimulus Package. Is this what your were thinking as the way to repair our economy?

By
Real Estate Agent with Howard Hanna Gold- Avon Lake, OH 2006004434

 

Hey. So were you planning on a stimulus package as the way to jump start our economy?

What I find interesting about this whole stimulus package thing is the idea of borrowing to start the economy... It will come from us.  With all those great economic minds that are there or easily available to problem solve this issue.. all they could come up with was to was have everyone win the lottery at out grand children's cost.  To me it is just throwing money out from our own pockets to spend over. 

Sounds to be like a bad cycle that could be seen repeating over and over again. Look at those people who have repeatedly filed bankruptcy. They could not learn their lessen the first time. Or maybe they did learn their lesson and found out wow, this is an easy out.  I am concerned very concerned with this plan.

I would have expected something along the lines of control on bank operations and ways to jump start jobs and American market?  Just amazes me that we don't have good problem solving and planning going on. We have great minds out there, why aren't they being consulted?

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Stanley Stepak Jr. M.A.

Realtor

Howard Hanna - Gold, Avon Lake, Ohio

440-476-0234

Check out my profile at:stanleystepak.howardhanna.com              

Email me at stanleystepak@howardhanna.com  

Homes for sale in Avon Lake area are most sought after because of the superior schools, community activity and recreation, and park like setting this community offers. .If you are planning on buying, selling or relocating in the Avon Lake area, please give me a call as your Avon Lake Realtor.  I would be more than willing to help you with all your Real Estate related needs.

 

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Rainer
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Sean Carroll
Tom Chambers Properties - Chandler, AZ

Stan, Just curious...unemployment is increasing every month (approaching 8% right now nationally). How would you solve that issue w/out having the government increase spending and hiring?

Feb 09, 2009 10:50 PM #1
Rainmaker
1,359,819
Vickie Nagy
Vickie Nagy, Broker Associate Realty ONE Group BMC Associates | BRE#01363932 - San Ramon, CA
Broker for San Ramon, Danville, Dublin, Pleasanton

As Sean said, there are few families that have not been hit by unemployment. There is no "magic pill"

Feb 09, 2009 11:01 PM #2
Rainer
9,600
Mark Phillips
Century 21 M&M and Associates - Vacaville, CA

Without the stimulus package unemployment would continue to rise, interest rates would continue to rise, and foreclosures would continue to rise.  If all of these things continue to rise where do you think we as a nation will be in a year, in five years?  Something has to be done.  I believe in job creation, stemming foreclosures to help find a bottom and purchasing mortgage backed securities to lower interest rate.  I don't believe in spending any more than is completely necessary.  Let's hope on this round there are some rules on how the money can be used.  

Feb 10, 2009 12:13 AM #3
Rainmaker
996,908
Karen Anne Stone
New Home Hunters of Fort Worth and Tarrant County - Fort Worth, TX
Fort Worth Real Estate

Stan:  The only way this would sound like a good idea... is if every dollar spent would bring back three or four or more times that amount in money moving in the economy, and in revenues brought in.  It would appear that this IS the case... at least to me.  I see it as kind of "priming the pump" to get things going again.  As far as "borrowing from ourselves"... that is what Bush did for eight years... in ballooning the deficit.  Did you complain when he was doing it ?

Feb 10, 2009 01:15 AM #4
Rainmaker
434,643
Stanley Stepak
Howard Hanna Gold- Avon Lake, OH - Avon Lake, OH
Realtor - Avon Lake, Avon, Bay Village, Westlake,

Sean- I don't have an answer. My point is that one would figure there have to be strong economists in Washington.  If not in Washington I am sure they could find them and get a brainstorming group started to come up with a plan that could be monitored / controlled that would be effective without such high spending.  You would think.  That was my point.  IF this is the way it has to be than fine. But do we know what has been looked at?

Mark -Good point

Karen-I was concerned than...

Vickie- if this has to be the way fine. But can we monitor how this is going to work. Or doee the money just need to be used anyway as long as get people buying again... this is not my field of work.. That is why I ask whether we have exhausted all our choices.. 

 

Feb 10, 2009 07:48 AM #5
Rainmaker
316,876
Leslie Prest
Leslie Prest, Prest Realty, Sales and Rentals in Payson, AZ - Payson, AZ
Owner, Assoc. Broker, Prest Realty, Payson,

The economists ARE saying that we need to get people back to work. I don't like the debt, either, but doing nothing won't help. If you look at the items in the package, most of them DO seem to be geared toward creating jobs.

Feb 10, 2009 12:18 PM #6
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Rainmaker
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Stanley Stepak

Realtor - Avon Lake, Avon, Bay Village, Westlake,
Looking to sell or buy a home in the Avon Lake area
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