Originally Posted by footstepsfrom#27
It's 647 pages according to the link you provided...oddly only 407 pages via the pdf I located...for the time being though I think I'll pass, but you're actually making my point beautifully. I responded to a post that postulated both innapropriate emphasis as well as the bizarre notion that 4 1/2 months after the bill was signed...one designed to generate both spending and tax cuts over 10 years..."it's not working". Do you think the poster has read the bill? Much less know whether anything is out of wack?
See the problem?
You mentioned several things in the bill, so does this mean you're actually reading it? If so...I commend you. It's on my agenda to read through parts of it for business purposes, but I'll do that over several weeks...but let's be truthful. Perhaps 1 in 10,000 people will read this thing, and 99.999% of those who'll discuss it won't have. Maybe 1% will actually read part of it.
Do you disagree?
I try to summarize this in another post, the problem with government like you state, the laws passed have so much junk. This Government's hubris attempt to stimulate through regulation with no concept of how their selection to spend in one area, and shun in another is starting to show. This piece of legislation will hamstring business as they try to cope with this behemoth. How can this help stimulate business and increase employment? It needed to be simple.
Unfortunately you are incorrect in the assumption that the stimulus needs to further develop before economic improvement. A backfire of this policy has already started! Look at the bond holders of American debt (China and Japan) and business who look ahead. If they knew there was a promise of a economic recovery, future investment pay off, and overall prosperity, we would have seen positive numbers in anything right now.
As listed above, I take the VP's own assessment, if it is going to work and improvement should be evident in a short period of time (6 months).
Investing in individual companies gives you a perspective of how government fouls things up, try telling me which company you think will recover the fastest and why as we go forward. You will learn quite a bit.