Should the Bailout Go To the Taxpayers Instead?

225931 Resource 119247 120646 120646 1234202996548 1234204237482 Controlled Will the U.S. Economic Stimulus Actually Work?

There is concern about the long-term viability of the economic stimulus plan

The U.S. Senate is currently wrangling over the economic stimulus bill -- causing a delay to what many feel is an inevitable passage. However, with some moderate Republicans promising to cross party lines, it looks as though there could be a vote on the measure tomorrow. So, as the economic stimulus bill moves closer to passage, the debate continues to center around whether or not the measure will work. Christopher Grey, at The Street, thinks that <a title="economic stimulus, stimulus bill, U.S. dollar, safe haven currency, economy, stimulus plan, GDP" target="_blank" href="http://www.thestreet.com/story/10462740/1/opinion-why-the-stimulus-will-fail.html?puc=_tscrss">the economic stimulus bill will not work</a>: <blockquote> The entire U.S. economy's GDP is about a $13 trillion and will probably end up lower than that because it is shrinking. At some point if this continues, we could get close to the government spending more than the entire country is producing. Does anyone really believe that this is sustainable? Of course it isn't, but ignorance is bliss, at least for a little while until reality sets in. </blockquote> The flip side, though, is that government spending on some projects may actually create jobs. And if people can use some of their tax cut money (a slim hope, with the amount of cuts being offered) to pay down debt, some of the risks of inflation might be avoided. In any case, the current economic stimulus package is likely only to offer a short-term solution. Long-term, the way that the economy is set up pretty much ensures that we will have another, similar problem in a few years. And next time, the U.S. may not be stable enough that the dollar will be considered a <a title="economic stimulus, stimulus bill, U.S. dollar, safe haven currency, economy, stimulus plan, GDP" target="_blank" href="item/225742">safe haven currency</a>. 9 application/xml false captyx-hook._bottom:sociofluid economic stimulus economy GDP safe haven currency stimulus bill stimulus plan U.S. dollar Should the Bailout Go To the Taxpayers Instead? Thoughts on bailout money http://www.yieldingwealth.com/what-if-the-bailout-went-to-people-instead-of-banks/ U.S. Dollar in Currency Trading Forex trading on the currency market http://www.gftforex.com/land/index.asp?aid=446 Mozilla/5.0 (Macintosh; U; Intel Mac OS X 10.5; en-US; rv:1.9.0.6) Gecko/2009011912 Firefox/3.0.6 127.0.0.1 127.0.0.1 mmarquit 66.182.66.2 false true false false true 119247 blog blogsite/GFTForex/web