Paltalk News - Stimulating The Economy

Many, but not all, callers to News Talk Online on Paltalk.com today support President Obama's $825 billion stimulus plans. But even those in favor of it offered some caveats.

Jeff from Oregon says he likes any plan that creates new jobs.

Chris in Germany says the plan is necessary "to get everything rolling."

Rachel in Louisiana wants a stimulus package approved by Congress. But she wants accountability. "Let's see where the money is going," she says. Rachel believes the public has the right to know "which cities, states and bridges are going to be rebuilt."

Bahane in California says, everyday, there are additional layoffs announced. She says there must be oversight to make sure the money really is used to create jobs.

Silvia in Argentina says it will take time to turn the economy around. She says the president is offering both long and short term solutions and says that this dual approach is necessary to address the problem.

Gary in South Carolina is concerned that Obama's plans to withdraw from Iraq underway will actually hurt the economy with an elimination of defense industry jobs. But political correspondent Alan Jasie says there are no indications, at this point at least, that the defense budget is going to be cut.

Cassandra in the UK says the stimulus plan, like the one that the Brown administration is pursuing in her nation, makes little sense. She notes that when an individual is in debt he or she is told to cut back. Why, she asks, doesn't this apply to governments. You can't, she concludes, "spend yourself out of debt."

Scott in Kansas is in agreement with Cassandra. He believes that "the economic package is like putting kerosene on a fire." Scott wants the free market system to be left alone to find its own level, but at a price. "Let these companies in debt," he says, "be liquidated."

Finally, Millis in Ohio believes the economic crisis was "created by globalization" so a U.S. only approach could be ineffective.

Category:

News & Politics

Tags:

• Gary
• Baumgarten
• Paltalk
• News
• Talk
• Online