Comments on: Why Not Another Stimulus Check, Obama? http://amateurassetallocator.com/2009/03/16/why-not-another-stimulus-check-obama/ Amateur Asset Allocator Tue, 16 Mar 2010 02:54:46 +0000 http://wordpress.org/?v=2.9 hourly 1 By: Curt http://amateurassetallocator.com/2009/03/16/why-not-another-stimulus-check-obama/comment-page-1/#comment-3762 Curt Mon, 16 Mar 2009 23:42:56 +0000 http://amateurassetallocator.com/?p=1164#comment-3762 Excellent article. That worst part of it all, is that a stimulus for consumer spending is the worst investment into the economy. The last thing the economy needs right now is to foolishly borrow and spend more money from foreign nations. China is started to publically address the very possiblity that they are never going to get their money back. The Obama administration is not asking for money to invest in business development. He is asking China and Japan to pay for a massive social welfare program that produces zero additional wealth. It's no wonder they are questioning how the US is ever going to be able to repay our debts. They are screwed and they know it and there is not much they can do about it - but to stop giving us more money to throw away. Excellent article. That worst part of it all, is that a stimulus for consumer spending is the worst investment into the economy. The last thing the economy needs right now is to foolishly borrow and spend more money from foreign nations.

China is started to publically address the very possiblity that they are never going to get their money back. The Obama administration is not asking for money to invest in business development. He is asking China and Japan to pay for a massive social welfare program that produces zero additional wealth.

It’s no wonder they are questioning how the US is ever going to be able to repay our debts. They are screwed and they know it and there is not much they can do about it – but to stop giving us more money to throw away.

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