Obama: If The Idea Has Merit, It Will Be In The Stimulus

[babylonsister]

Run time: 03:12 https://www.youtube.com/watch?v=o-md3pSBmw8   Posted on YouTube: January 09, 2009 By YouTube Member: Views on YouTube: 0   Posted on DU: January 09, 2009 By DU Member: babylonsister Views on DU: 720

 

[ZombieHorde]

1. Ending the war the drugs would easily help the economy.

Legalizing same-sex marriage would help the economy as well; weddings are so expensive.

[cbc5g]

2. Creating a billion dollar industry and thousands of jobs by legalizing marijuana and industrial hemp

Seems like it has just a little merit..

[babylonsister]

3. www.change.gov

:smoke:

[proReality]

4. Cut the military budget by at least 50% n/t

[Chisox08]

5. What about forgiving student loans

I'm looking at $30,000 debt as soon as I leave college forgiving student loan debt would put more money in Americans hands. Student loan companies are some of the most preditory lenders in America next to the sub prime mortgage lenders.

[ropi]

7. i agree..i even wrote mentioning the same thing.

off we go to pay more student loans...

[Writer]

6. Obama to ideologues: Find a better way to use your time. n/t

[ecstatic]

8. I interpreted it as: Put up or STFU! nt

[Juche]

9. Tax cuts seem like a terrible idea

Even though I'd personally benefit since alot are payroll rebates, they are a terrible idea. People will just pocket the money or spend it on debt.

http://www.madison.com/tct/opinion/column/303126

In late 2007, economists at the University of Massachusetts published a report that compares the number of jobs generated by investing $1 billion in different sectors. Here is what they found:

Investing $1 billion in the military creates 8,500 jobs.

Allocating $1 billion of tax revenue to tax cuts for personal consumption generates approximately 10,800 jobs.

Investing $1 billion generates either 12,800 construction for home weatherization and infrastructure jobs; 12,900 health care jobs; 17,700 education jobs; or 19,800 mass transit jobs.

http://reclaimthemedia.org/broadband/cable/obamas_broadband_roadmap1050

The Internet could prove to be our path to economic salvation. A 2007 study by the Brookings Institution and MIT found that a one-digit increase in U.S. per-capita broadband penetration equates to an additional American 300,000 jobs. If our broadband penetration were as high as a country like Denmark, for example, we could expect more than 3 million additional jobs in America.


Also there are long term benefits of investing in infrastructure rather than tax cuts. If you invest in energy, communications or transportation you not only create more jobs you also lower the expense associated with these things, which saves consumers and businesses money in the long run. If we update the IT in healthcare, get broadband to every house in the US, get a better transportation system, update energy infrastructure, etc. you will see about $400+ billion a year in savings which means businesses will spend less and consumers will spend less for these things. Energy, transportation and healthcare bills could and will go down if we do that. I'd rather see all the money go to infrastructure and save $500/yr every year on healthcare, energy and transportation expenses than get a $500/yr tax cut that will expire in 2 years.