Forums: Discussions for entrepreneurs and small business.

On Friday, Congress passed an economic package at $787 billion. No House republicans voted for it, and only 3 in the Senate voted yes.

Many sources I`ve heard and read state the following:

1) House Republicans had little to no input in the drafting of the bill, which is contrary to Democrat leaders stating in the beginning that this would be a bipartisan project.

2) The bill was printed/released around midnight Thursday, contained 1000+ pages, and had not been read fully by anyone n the House or Senate before voting on it hours later. In short, only a handful of people really know what, exactly, is in the final version that was passed.

3) Many believe that this will create/save up to 4 million jobs, while many feel it will do little other than create some short term jobs and make our government even bigger, moving us towards socialism.

4) This package will be paid for by our kids, their kids, and a few more generations after them.

5) There`s no guarantee it will work.

What are your thoughts? Was this rushed through too fast? Will it be effective, and if so how much? Is it more "pork" than actual solutions?



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M Hall
Website Critique Community
International Society of Curmudgeons

Here`s another aspect of the discussion, taken from the highly-respected Heritage Foundation.

We`ve had some interesting topics about the difference between a job and a career or profession. I suppose we`ll have further discussions about the difference between a job and work. :-)

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I suspect that the people who actually could do something about all this have lived for decades with such an antagonistic view of Washington, they don`t care. Those people have almost totally put the government and politicians out of their lives excepting to react to never-ending rules and regulations.

Instead, the people who want a free ride or want the government to make everything pretty have used the political process to ensure that they get the government they want.

The people who now care, haven`t got the foundation anymore to make the changes. Those who don`t care (who want the new bills to pass) also don`t understand the ramifications.

Interesting how we, and Congress, were hammered everyday with the message of doing something now .... it`s crucial to take action now ....  then there is a 4 day wait before Obama actually signs it .... if it was so damn important, he should have done it Friday night, not waited 4 days to make a circus out of it.


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M Hall
Website Critique Community
International Society of Curmudgeons

Let`s see what the DOW closes at, 4 days after the Friday evening (close of news day) announcement that the bill was passed. We`re at 7800+ over the weekend.

Form over substance?

Tuesday, 4 days later and the bill has been signed by Mr. Obama.
DOW closed at 7,552, down 297 points from Friday and the news the bill had passed congress.