Stimulus package will increase deficit, Obama adviser says

This is "government can fix it" approach that has been used for two decades with all the best wishes of the various lobbyists padding the accounts of the ever-receptive corrupt politicians. Ultimately, those able-bodied skilled workers and well-educated workers are footing the bill for those unable, or unwilling, to work. This model has never worked. What has worked is evolution through Darwin's "Survival of the Fittest." It is not the prettiest approach, and certainly not the approach approved by the unrealistic support-the-poor-even-if-they-are-unwilling-or-unable-to-support-themselves group. If you are not a pugilist, don't pick a fight. Successful people have all failed at least once. If you keep giving a bail-out to each failure, they never learn enough from it to succeed. Who ever helped the Irish when they came to America but the Irish? What handouts did they get?

700-b,1-t the net worth of paper in 09 will be worthless.once opec demands that oil be payed with bullion.if the pres-elect wanted to,he could print money for the next eight years,paper is not a commodity.

Brigham007 if you are saying that the Government should not help the auto-industry re-structure itself then who is going to do it. I cannot see USA without GM, Ford and Chrysler and all the people and business who will be affected if these companies were not made viable and successful once more.

Very well said! Brigham007 ... Not everybody gets a prize ... Only the winner!

I dont see how another stimulus package is going to help. The one bush gave us did not do anything for the economy, if one is passed for working americans it is going to have to be at a greater amount.

Goolsbee is correct, in saying that the stimulous needs to be the amount that it needs to be period. Enough with all the jargon about helping those who do nothing..... I am absolutely tired of hearing/reading about those notions. We could spend all day going back and forth about whether that argument is legitimate or not. Or we could spend that same time and energy coming up with a fix - THAT WILL WORK. First of all, this is not an easy decission. As a matter of fact, its a difficult one. However, it is a decission that needs to be made and I know that these bailouts that congress is approving is absolutely necessary. No one said anything about it being right. It is neccesary. It is necessary that this country get back to its right state of mind, it is necessary that this country become more independent, it is necessary that Americans be given the opportunity to provide for their families and not worry about how they are going to make their next mortgage payment because of being laid off from their jobs due to a faltering economy. What I find amussing is that the same people who got us into this mess (republicans), are mostly the same ones who are screaming no bailout. And of course they would, they've already made their millions off of the back of the American middle-class people.

A stimulus plan please, throwing money around doesn't solve problems.
The governments has no business being in private business. That it.

Government is too big and too bureaucratic to solve problems effectively and in a timely fashion. The fact that the big 3 automakers contributes 50 million a year to political campaigns both Democrat can Republican they are looking for a return in their investment. There are a lot of other initiatives that government can do with the money than helping short sighted business practices. It's about time they start taking a different approach.

How quickly do you think it will take to find contractors to hire for these bridges and roads? How long to design them and go through the bid process? And how many people are actually qualified for this type of work? Are you going to make the unemployed white-collar office workers go out and pour concrete and weld steel? There are a lot of jobs out there now. If people wanted to work, there should be not a single job in the classifieds. The response I have seen to that argument is that not everyone is qualified for those jobs. Well, duhhhh (as Homer Simpson would say), don't you think that applies to what Obama wants to do?

All I can say is Obama's economic plan is ridiculous and borders on stupidity. After all his promises, the best he can come up with is let's encourage more construction in the country? By-the-way, I'm not a construction worker and everyone I know isn't one either, so how the heck is putting money into construction workers going to give me a job that went overseas in the first place? Further, green jobs are limited and won't give 95% of unemployed workers anything - no job and no money. And, throwing money at something doesn't fix the original problem. It becomes nothing but a band aid. If you think things are bad now I know it's going to get even worse with this recipe for disaster.

WHEN WILL THEY SEND EVERY WORKING AMERICAN A STIMULUS CHECK?DOES ANY ONE KNOW.

The first stimulus squandered was the surplus Bush inherited in 2000. That was spent without goals just like the first 350 b. of the 700 billion recently allocated. How much blood does Paulson / big business want from the taxpayers for their greedy short sighted plans. Go ahead blame it on the mortgage holders or union workers or their benefits. It is part of the problem certainly. But isn't the job of the CEO's to see that the shareholders are rewarded? That is done by leading a successfull total package that includes labor and profit. Thats why they call it business. If CEO's aren't successfulI, what good are they?

esq, there are plenty of jobs- just crappy ones.

I've been out of school (earned my BA in Political Science) for about a year. My wife has been out for three years (she earned her BA in English with a 3.8) and we both make well below the average income of a resident in PA. It's just a reality that there aren't many good jobs out there. Trust me, I'm looking. If you're fresh out of college your damned to building debt; no one is going to hire you unless you have connections (Be it an internship, family contacts, friends or what have you) to a job that's good paying right now. If you're older than 45 and lose your job, you're equally screwed.

Stating that there are ads in the paper is far too simplistic stand to take. What kind of jobs are these? Who are qualified? How much does it pay? Sure, I could get fired today and likely find work with in a week at some burger joint, but I've also got 20 thousand dollars in school debts to pay for. When the average salary for a working man in his 30's is less than it was in 1970 after inflation- you know we have a problem.

This is my idea for our government, why don't we start with all the top executives unloading all un-needed items for example, private jets:they take planes just like the rest of us, and salary caps: they need to learn to stop living on the back of the people who at this time are trying to figure out how to buy Christmas presents or in my case how we are going to keep food on the table. We could use the money saved and earned and then create a stimulus package for the citizens who have no one bailing them out. I think it is so wrong that we are bailing out the companies who have barely side stepped illegal acts.

how big do you think the stim will be the average working class. Someone recently told me it would be 10-15k per house? Don't know if this is a real number. More like watercooler talk. But, if it were something large, that would help people pay off small school loans, car loans, which would hopefully free budget money up to invest back into the economy.
Who knows?

The problem is Asian employees work for poverty wages. On top of this taxes, regulations, and laws in the US do not encourage production and manufacturing. The US will have to start an incentive/protectionism/production program if it wants to survive. Until officials wrap their peanut brains around this and take action the U.S. is doomed.