Stimulating talk on the Stimulus

Believe that regulation is dangerous if you soften blows too much you take reality out of the markets and that the reason we're having such a bad recession right now. Is because we don't face the music and past recessions because of the attempts by the Fed the successful ones to kick the can down the road we've now got I mean that we use a -- fire analogy all the time if you don't let the fires burned. In the early as as nature intends and you build up all this residue of flammable stuff on the ball on the floor of the of the farce and that eventually have an incredible blaze they can't control and that's --

Yeah I think that's where we are now and I think all we're what we're doing now with so called stimulus package an enormous spending bills it is. We're delaying the inevitable the most I think most people haven't really felt much the recession -- from the psychology it's sort of a yes or a doomed from all the talk yeah and and and there is something that by the way to relive the candidate for vice president for the libertarian party last time whose name is is escaping me for the moment can't believe you -- remembering -- He had an interesting point and that is if you gave everybody in the United States the tax holiday for a year on an income taxes. It comes to about a trillion and a half dollars in. In if we propose that. And everybody got an -- unbelievable. I think everybody would feel so much better about that and with the -- forgot about how they feel they -- the results they would go expand well I think the feeling -- Hispanic you always go to the feelings let's say I'm more of a systems guy what work -- my -- I'm known for that I don't -- our theory theory and economics was set aside it's no matter of them the Teddy bears. I -- in education you know we're going to stimulate the economy and that's why we're the same amount of money. There were talking about in May mile speak his people did start spending more than. And the tax revenues might not take that I'm a much of hit -- too much into that declare tomorrow okay for a year. No taxes over a year and -- let it play and then you don't have to have all these people in Washington making decisions we make the decisions.

Yes which is the you know that's a better -- 6172666868. We're talkin' steal mule lust Jack in winter PR WRQ Todd fiber here obvious here as well Tom is off hijack.

there are different a couple of points I'm an independent who was voted conservatively. All my life. And the Iowa Republican. You know why not just support whatever Obama proposes as opposed to being the bad guy and they -- and if he's wrong it'll be his responsibility.

Secondly according to NPR you in Japan and they -- twenty years on the can't get out of Malays.

By having heart sick at the unemployment rate is 6% the last. I don't understand how all the history how we can't steady which we needed it and -- and come -- it's a balance point. In my opinion -- money all the money that taxpayer each ear hole right now he's going to bunker shot and expand the pack or I -- And they come come out of recession you know at some -- private and the prices in 20% from having him in the capital --

They don't justified projects combat and -- racial hatred toward dissent.

The government's the only 12 borrowed cheaply enough.

And the reason. Give it -- other reason -- interest rates are going up for these the people in the private judges the government is coming and taking so much money in and that you know borrowing at that drying up the market yeah. I I I must say that I love your India mean facetious now where you say we can't trust the consumer -- that -- it's all.

Well he wasn't saying that he was saying the consumer is is so underwater right now that the money might be squirreled away under the mattress rather than they are remarkably we can't trust him to do that they do what should be done means spending in the marketplace -- some guys in Washington --

time to recover at least be balanced plan just like as proposed in the stimulus package. The way.

Wait -- the stimulus package is not a balanced planet's all screwed up and filled with special programs that are really wish lists of fruit for the Democrats on. On regular spending that they they weren't able to get through under.

Are jealous balanced plan I would say also enters the first point made that the Republicans you just support and then and then blame Obama later it doesn't work. That's not how you're assign responsibility. If you don't agree with that the you don't support it in later for fails you say. -- clearly this was his plan social the democrats' plan we Republicans didn't go along -- So if it failed it's because of what they did if you throw support to something.

That you don't support what you camp later this -- of our sponsor morality and you're not doing your job I knew what UI port is a possible reason to sign on. To have been not only -- political point of view this -- an opportunity for Republicans to regroup. And be reminded about what their role in the marketplace it sailor and Jack did have one interesting point and that is the savings rate has gone up and I find it again to dogma on any here. All these years we were criticized -- saving and now we're being criticized for saying you know much. And it's college bad timing for the savings because it's time that we need this event is about 7% and one last point anybody who uses Japan -- role model here. He's right for twenty years have been trying to you know the recession but I can remember the same folks and NPR. When it was Japan ink and everybody thought Japan taking over America there we're going to dominate American economy and they've been in Malaysia put -- that's probably pretty good lord for all on time 6172666860. Pollen door chest you next NW RKO hey Paul.

Good morning and -- good morning. In the -- and I think it was a but what the reason we in the government or can you. Filling in on the recent. And that's that argument that it.

I are you still wanna Saturn now -- they've dumped into the take them down apparently have that's taken small doses only going to get invited once a while potentially kind words.

The outlook -- equipment but the fact is in the most respected and right are often. Who would write a record not the typical of the cotton market that we're in the west and there's been. Optional from the Japanese food that we -- in the -- and that in urban and rather -- that -- what we'd do without that it was going to vote no more than who. Who -- its hybrid electric cardinals but it's not but project but apparently. Had enough that there. The project. --

Very bad but boy what's your point in terms of the stimulus.

The that the patent. Will. But I didn't think Iraq has propped. Up I don't know we've got all the crap. And then and the American people purposes but I don't like about effective in the Democrats the Republicans what part of -- that the ruling is that it worked. -- that -- is what what what --

Well I think it's his party that's doing this on their own sought but I agree with the I think Barack should be standing at the forefront. A beating up on the Democrats not the Republicans to get it a good measure passed I don't understand why he's not too and -- loses nothing. If he pressures his own party rid of the -- get rid of the junk in this bill that -- assuming that that's what he wants to do why do you think that he does he goes down in flames if this thing doesn't work then everybody knows for it to be a successful -- it's gotta be efficient it's gotta be surgical it's -- use money exactly in the most.

Powerful way -- see everybody knows who who's the everybody you know Democrats don't say -- Well again they're behaving very differently they don't you -- of its last land -- do you think that Carrie and and marquis Loney bunch current Arnold he's got enough party front keep hitting Democrats. Excluding them and I don't think Barack Obama disagrees with the plan I think an -- Robert -- that. The Press Secretary. Speaking in English talked about the administration's support for -- making it sound like Obama is somehow. Going along with reservations.

Or even like yes -- her area her quote online from Nancy Pelosi from a couple months ago where she was saying. -- any stimulus package has to be blob blob blonde and it was exactly what we've been sent -- 6172666868. More coming up with you on six AB WRKO.

silver tongues in Boston's finest forum its veterans form with Tom veteran and -- find burden on Boston's talks vision AM 680. WR do.

Did what evidence do you have this two lines of activities on whenever you gotta political event like this on on -- that what would be ideal. And what can we get past. And I I assume that any rational person knows that -- in terms of what's best for the country. The best thing for the country's efficient spending the money in the targeted at the places that will create the most jobs the fastest. So. Why would anybody in Washington not favor doing what's best for the country. Because they do what's best for themselves. Out of power and advanced tripled because they think that their political careers trumped the country's interest Obama wouldn't phrase it that way right now and I -- and that's why -- in and Patrick or all celebrating all the eleven billion dollars in Massachusetts is going to get that by telling you whether -- engineers -- an economic -- three years were -- economic -- very deep -- say the problem -- we didn't spend enough. And a and whether that will work politically is a different issue yeah because they don't have the Republicans that well why is that better I it is better from one point of view which is they want to take over America and turn it into a socialist country and this is a big opportunity for that you -- but if they don't get reelected. Then when they -- more importantly will Aaron and that's what they're gambling and by the way that's the once in generation opportunity that argument really talked about -- this into a socialist country he's pretty cynical and realize this since 72666060. Stephen Braintree or WR do what -- and out.

Big has -- goods. On the stack and I think this is. Is -- the sign that the Democrats know what what the question why are they pushing hypocrite because they could pass all of these bills. Overtime to they have majorities in both houses they don't need to do this right now that's that's so quietly doing that and I think the -- and as. That they know the bloom is pretty much mocked this role of the next six months and they aren't the dire trouble. Once the Americans turn on Iraq like they did on Jimmy Carter because the economy is going to get worse. And the bush -- isn't going to take you know Albany law it's going to be Barack Obama's parliament once that happens. They have to get this done now because they're going to be in deep deep trouble come to terms. Indians four years just the way to economies don't go I'm actually happy to try to do that out I think basic handwriting on the wall.

You know Steve -- one that's one model the other model is the Roosevelt model. Roosevelt did something very similar in fact this the spending would we -- and it -- numbers were different of course it was a smaller the economy. He did something similar. The unemployment rates stay high much higher than it is now and he did not pay a political price for the man -- elected four times.

Immediate the only thing if you didn't do it and of course he can do it in the first ten days of the administration are talking about speed with which stick north that is.

You want to pull off something as outrageous. As spending this kind of money. You have to lie to the American people and create this that this great demand for -- it's like it when you try to sell any thing you'll always say. I you have to do it now this offer only lasts through today you try to build up this sense in people that they better jump on this opportunity if they stretch it out. I look what's happened since the stimulus package for that the bailout for Wall Street we had a couple months now to absorb it we now know it's crap we now know that they were terrible how they implement this -- we know they can't be trusted. So they're trying to build up this sense. -- there's an urgency that's overwhelming at all those other things are irrelevant. I think you're -- and in -- and it and unfortunately it works 6172666060. Robbie in west would welcome to WRKO.

Good morning. Good morning. Now they have may yet small business or. Okay. And like I like this state that I don't want to tax -- because my my income has gone down about 60%. I guess I got an automatic -- tax break based on the back -- Ha -- this is the second thing is that I don't want an unemployment check either I want an employment. Check yeah now what I'd say is. That road fixed the building -- put people to work real people doing real war. That's what we pay taxes or in the first place is that to fix the road. The -- is -- not a handout. You -- paying people basically get all of quite like you set up the the government has no money but all other than what the taxpayers. Had given it. Put people back to work. Forget about these. And the economy will pro logic what is that it's as simple as that.

As team than what evidence do you have for the nobody got one well.

Okay well people being employed rather then unemployed. It's a good thing for the economy cannot be what are you -- you ain't that something. Basically with taxpayers' money anyway let's -- daring them to do that every work.

That's not true will not do not know we're not doing with the.

Right can I get sick of the not being on the way underweight writing this morning I had one cyanide in the congress part of me and the other right looking capital -- in the role. The votes are atrocious. Spectrum that we're getting -- spore.

that would do what you're saying is that word you said it would doing it attach -- expense we aren't doing it taxpayer expense that is to say we are doing what. We're not this this whole program and he says and -- fix the roads build the bridges. What I mean by that is that it's not like the tax money is there and we're spending it we're spending money we don't doesn't exist via cell. -- even if we're going to if we're going to be extravagant and run up enormous deficits which is exactly the prom that we had going into it now. They get us into this mess. That's not going to solve it and the reason I asked to pardon the question what evidence is there for this. The only prior example that I know of that rivals this kind of idea happened during the 1930s. And Roosevelt by the racially earlier or other cause of Roosevelt didn't do it immediately that's not true Roosevelt did do it immediately. The unemployment rate at that point was 25%. In 193. Who's a well established problem when he got into office who wasn't just -- know coming tied a truck that's what it cost you were the you know his presidency. But six years later. The unemployment rate was at 21% -- come down a little bit although -- really very low and then went back up. The point being that the only prior evidence we have for following a course of action like this turned out to -- So when people say all fiction bridge and we'll put people back to work. Yes there will be people working who build the bridge there will be other people who are not getting work because the private checked.

Are you saying it's impossible to. Prime the pump of the economy even if if they've taken money you're going to spend next year and moving up that spending to today are you saying that would not be effective I. I'm saying that government spending does not creating employment. Ever net employment in Korea always sucks it sucks it off of the there's always somebody like enough because it -- to take the money from somewhere and when you take that there is bureaucracy that's going to take some off the top. So it goes to government inefficiency yeah exactly six on 7266. Exceed sixty. That is hobbies view my it is different now similar. I don't like this thing I I can see the need for some kind of prime you know we've if you look at my cut -- taxes you do I like I like that felt I like cutting taxes I like anything that puts money into the hands of people. To get the economy moving on short term basis but I think it should be limited. I don't like the idea too much damage control I like a little damage control because we need to absorb the damage we need. Circuit City to go out of business because we have too many stores that sell electronics a national basis that's healthy if you're if you're gonna try to protect Circuit City haven't made a better world. You just kept Circuit City gone. And it it and left the economy with too many stores -- you if you market up more you say you don't want too much damage control right what if you have too much in Russia and I -- have a little blemishes -- all you have big damage you know take the sharp edges off and but I think we need to absorb the damage because the damage will fix -- sort of sort of in a -- you give the guy won or her while you give enough for it and you know -- grab -- Astaro he can't do -- and -- some people get lost -- outside. 617266. Exceeds sixty -- is in New Hampshire next.

Take Chris your NW RQ -- and -- be with you.

I believe was Spiro Agnew did that a government that -- Peter can always count on the Puerto the governor rod -- the -- all those comments were all.

Yeah as if he didn't he should have because that's you that's a good thing and maybe if Peter has enough money to give to a million Paul's that's a formula you really can't.

And yet what they'll. The point I'd like to make it's is that this I agree with you guys that what causes cold hard thing to do with what this stimulus package you'd think about what party practice saying. The people who were -- to be benefiting from the sub prime loans. Are the same and then the people looked because of the problems that the people who -- be built well acorn Fannie Mae Freddie -- selling may.

and you know that -- Remember that the Barney Frank's theory here was these people deserve to have homeownership the fact that they couldn't afford it didn't seem to factor into Barney view of the world. Well it still doesn't that the cure high he's that he's not changes think they're -- they're a failure there are serious consequences for violating laws of the world you know you violate the law gravity. He ending a jump uncle accountable window attention -- mistake that's right in the same thing with the iron laws of economics. If you start violating these laws and give. Which you think are benefits to people because of their humanity and that they deserve something. But if they can afford them you gonna end up with them being worse off. And the people whose money you took to give to them those people unless we're worse off to.

Yes excellent 766. Exceeds 68. Tony in New Hampshire your NW RQ hi Tony.

In general and -- where artists -- a couple of things but before that. I think the government is going to do to us. What that Brewster police officer did that teenage. And we which ones are you know you don't wanted to Gardner yeah oh there. Yeah but last week thought he was talking about you know what's trillion dollar earliest Linda. What I did they took -- calpers and -- exercise right cages etiquette a minor under but I measured adopt a dollar bill that -- that it is up 431000. Vintage point oh port three. If you multiply -- divide -- by twelve divided by 5200. -- comes out to be stack them all up 607687616. Model.

A trillion dollars. That's true that's Dutch to the moon and back and then sound bite -- on our government.

Almost three times two point isn't that words mean something and we hear words and it dark. It's common first just start repeating its own without really understanding the words.

That -- Algeria right we do that actually right Tony -- trillion fault we'll follow that doesn't now and then its annual new ability we've acquired edges in the past a couple of you know I want to congratulate telling other people have to do this we're gonna take a break but on the other side I do -- congratulated for being able to -- the equation it is to -- than any other animal data that -- Division socialist that the important thing is that. That -- we have to get a focus as to the magnitude of this money and there are ways of of of talking about it because otherwise. --