Feb 26 2009
These questions were asked in the popular forum Daily KOS
This plan is talking about funding the stimulus through bonds. They are just using different words.
Neal: The common thread (I was about to say bond!) between Bank CDs and Corporate or Municipal Bonds is that they are both classified as Debt Instruments. I am not sure why the semantics are the primary focus.
Feb 04 2009
Given the current economic crisis, news of $20 Billion in bonuses to Wall Street executives is not only exasperating and incredibly outrageous; it is a clear sign of a deeper systemic problem in our economy and society. The core problem that needs to be addressed is not the amount of bailout funds, nor the programs that receive priority funding - important, yes, but not the core. No economic stimulus package will work until two things are provided for, CONFIDENCE and TRUST.
Now is the time to redirect ill gotten gains and corrupted economic and social practices into the public good. YES WE CAN!
Dec 29 2008
Mr. President, here is a house warming present - one that will address our current economic crisis. This is the challenge facing your new home and position. This will garner bi-partisan support and will be passed by Congress.
We really are in such a predicament that no matter what the government does to stimulate the economy it is unlikely to have a lasting enough and widespread enough impact. Simply pay attention to words like “approaching zero interest rate”, “recession”, “deflation”, “cash hoarding” and, then, listen to the alarming sound of the closing bell of the major exchanges. Sure there are some readily identifiable scoundrels, but let’s all stop for a moment and take a little more responsibility than blaming convenient villains. All of us have sprung this Liquidity Trap and it is a very real financial crisis, on both the corporate and personal level.
Posting tweet...
Powered by Twitter Tools.
