Who supports the economic stimulus package?

[opebo]

Someone made a good analogy that the economy is like a guy with a faulty pacemaker and the government is like a team of paramedics who follow him around zapping him with a defibrillator whenever it fails instead of bothering to just fix the pacemaker.

True, we can only spend our way out of economic trouble so far.  In my opinion if we don't address issues of human capital and innovation we won't be able to keep our economy on the right track in the long run.

If the US ever had to depend solely on its own 'human capital', we'd sink into the Third World economic level even faster than we are already.

And this welfare check idea is absurd. Poor people will simply spend it on junk in a thrift store or WalMart, and increase our trade deficit with China.

Storebought, your hatred of your fellow poors is well noted, but the whole point of a stimulus is to have it be spent.  The poorer the recipient, the more is spent.  Thus, the best medicine for what ails are ridiculously right-wing economy is massive redistribution from the upper to the lower classes, and a dole is the best way.  That said, the long-term solution is the unionization of all jobs, imposition of high wages, etc., but right now we're just talking about preventing people from dying and the economy from plummeting.

[opebo]

Fed just cut rates by 75 basis points.

Interest rate cuts are the only State action that right-wingers seem to accept, though redistribution of income is far more salubrious for the economy, and much more powerful.

[opebo]

Fed just cut rates by 75 basis points.

Interest rate cuts are the only State action that right-wingers seem to accept, though redistribution of income is far more salubrious for the economy, and much more powerful.

Doesn't it seem wierd to you that money is being given out without it being earned?

Haha, no. That happens all the time - in fact all the income of the owning class is unearned, and given out by the State.