To “Stimulate” the Economy is to Increase Spending
The purpose of the much-debated stimulus bill is pretty self-explanatory, or so you would think. However, as we have all seen through the waves this bill has been through, there are some politicians who know what a stimulus bill is and what it entails and then there are some that just do not. They just don’t get it, can’t wrap their minds around it and whether they are simply trying to be clever by changing the word usage around a little for the public or are just simply “lapsed” when it comes to common sense has yet to be determined.
The amount of jobs that have been lost in January alone were a whopping 598,000. That is the most amount of jobs we have seen lost in a single month in 35 years. Are we ready to admit we’re in a depression now? Hell, some people won’t even admit we’re in a recession but in my opinion, we are way past that; this is a depression. The Great Great Depression, perhaps? The Greatest Depression? Only time will tell.
Obviously, since the number of jobs lost month-to-month is rapidly increasing and we are seeing the worst economic meltdown since The Great Depression, we need help. This country’s financial stability has already crumbled and going down along with it, is all of us. While there are some who want to see this country’s people get back on their feet, or at least give them the opportunity to stop drowning in debt, there are some that simply do not care. Hell, they don’t believe that there is anything wrong with this country or the “financial situation” we’re in. While some may call a person who believes that nothing is wrong with their country patriotic, I’m going to just come right out and say it, they are completely out of touch with reality and are up to their eyeballs in denial.
To stimulate the economy is to increase spending. The stimulus bill is made to increase spending. Here’s how it works just in case you need further explanation:
Give people money. Those people will take that money and spend it. The money that those people spend will go back into the economy. When more and more people spend money, the money put back into the economy grows. And grows. And grows. When the government passed the bailout, we all had pretty much the same reaction–Why weren’t we given any money “just because?” I am willing to bet that the people who have lost their jobs over the past several months and who find themselves thinking at night before they go to sleep if they are going to be able to feed their families that week or if they are going to have electricity next month would not go out and buy themselves a $50 million jet or go on extravagant vacations. Just sayin’…
So as we all know, the current financial status of the country has grown into an urgent crisis and demands the attention of our elected officials. However, while we have a president who has made it a point to focus on fixing our economy, he as well as this country and the future of this country have had a few roadblocks along the way and they all point to Republicans. (Were you surprised?)
The word “crisis” in itself means hurry the fuck up in the most PC terms ever. Got it? Hurry the fuck up because we’re hanging on by a thread here. So what’s the problem? President Obama has made several efforts to satisfy the urgency of the country but many Republicans are urging us all to take a time out. There’s no rush, no need to hurry, just sit back and relax… on presumably your $50 million jet. This stimulus bill is being called the most important bill in history but the reason why it is so important is because it is so greatly needed, yet the mantra of the Republican party as a whole is to slow down, that there is no need to hurry because if the bill is rushed, it will be wrong. So to get this straight, the bailout plan was urgent and needed to be passed immediately to help financial institutions and like-minded cronies (and we all found out where that money really went) but a bill that will help the people as well as the country as a whole must be mulled over and put off because really, what’s the rush?
For more absolutely fabulous commentary on the stimulus bill, which the Republicans haven’t caught on to the point of, check out Rachel Maddow below because honestly, I can’t say it any better than she did:
Absolute best part:
“If you are wrong, from here on out, you should lose the argument and you should lose your political potency. Form a flat-earthers club or something, where you talk enthusiastically to each other about your made-up economic ideas that aren’t based in reality. But get out of the way of the people who are actually trying to save the country.”
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Couldn't agree more. When it comes to getting money circulating in the economy, govt spending has proven to be a vastly more effective means than tax cuts. Rush and the Republicans need to re-enroll in Econ 101
BTW, notice the sexual subtext in the GOP's concern that the size of Obama's package won't provide adequate stimulus? Very Freudian…
Yes, this recession period gives a great depression.
Perhaps if some erroneous pet pork projects were simply cut out of the bill, there'd be a little more cooperation on both sides of the aisle. Obama himself said he was going to give a five day wait time before signing any bill to make sure it was sound. Perhaps if his office had taken the leadership in drafting this bill in the first place rather than allowing, Ms. Partisan, Nancy Pelosi do it, there'd be a lot less bickering.
Really it is very nice post and thanks for sharing it.
Well put… The right will continue to bash and throw everything at Obama.
The journey will be hard.
Wow…if you think this is a Depression you know nothing…nothing about economics and nothing about the actual “Great” Depression. Which was only “great” because of FDR's liberal socialist trial and error plans. This insane big government pork spending bill will not do one damn thing to “stimulate” the economy because there is nothing the government can do except get out of the way of private enterprise, creativity, and ingenuity. FDR spent millions and millions and yet until WWII the jobless rate remained higher than 13%, as high as 20%, and even as high as 75% in some cities. We are NOWHERE near a “great depression” and it's nothing more than fear mongering to try to claim otherwise. It IS a recession…but recessions are part of the market cycle…a way for the market to correct itself. Which is desperately needed after 2 years of Democrats run amok, and 8 years of a non fiscal conservative in charge. Not to mention the frightening activities of Chris Dodd and Barney Frank…the reasons we're in this housing mess in the first place.
“Give People Money” … wow … that is just such deep and economically stimulated thinking I'm in awe. /sarcasm.
Increase in spending? How can a person increase his expenditures when he knows economical crisis arises. They tend so save more than to spend more. It's a good article to discuss. Thanks for posting.
For us to stimulate the economy is spending money. But how can we spend money if we are loosing jobs, and we don't enough money to spend in our daily lives. But the best thing to do for me is save money for the future. No one can help yourself but you in time of crisis…
Spending money would be a great factor to stimulate the economy. Why it is detailed in this article, that if we spend money we help the economy to move up again. But how can we spend money if people are loosing jobs because of financial crisis around the world. I hope you find some answers on this.