Comments on: A Photo Every Day for 18 Years

By: Janny

Janny — Tue, 06 Jan 2009 21:01:26 +0000

I agree with what you were saying. Unfortunately, the people in charge don’t feel the same.

In regarding the auto industry, I think the government should do kind of like trickle up. Alleviate some of the cost from the employees (like pay for employee health care, pay retirement benefits, etc), therefore Ford/GM/Chrysler wouldn’t have to pay that, therefore more money they could spend on other things to help them get moving again (like ALTERNATIVE ENERGY). Giving companies blank checks obviously doesn’t work (who thought it would, right, especially WITHOUT oversight).

I’m not fond of bailouts but something has to be done and I’d rather guarantee that the PEOPLE get the money, not the companies. One in ten jobs in the United States depend on it.

By: ryptide

ryptide — Mon, 05 Jan 2009 19:47:05 +0000

I’m in total agreement with you. Trickle-down doesn’t work. Better to give the money to the people that will spend the money. That increases demand for the products the people want to by, because more people are buying more things. So… the producers of those things have to make more things to meet the demand. This is the tricky part. Companies might want to ship that production overseas so the cycle stops. I say force those companies to hire American workers and build American plants and more American people get jobs, thereby having more money to spend on things and around and around we go!

The current theory is that if you give breaks to the rich, they will create jobs and the money will trickle down that way. Clearly, this doesn’t work because those at the top just horde the money. It’s supply-side economics. I say let’s try demand-side economics.

By: grampa

grampa — Mon, 05 Jan 2009 18:41:42 +0000

what do you think about doing the stimulus package the other way?
give the small guy the bail out so they can buy overpriced stuff
instead of giving it to the people who wasted it in the first place?

grampa