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<blockquote data-quote="newusername" data-source="post: 5609251" data-attributes="member: 562064">Another thing that concerns me is there is a prevailing idea, especially in the housing market, that this stimulus should be used to boost that credit bubble again.&nbsp; I&#039;m all for re-structuring existing mortgages and managing bad assets, but do they actually think that convincing people to do what they were doing before is the right approach?The argument of lowering taxes or increasing spending is, to me, largely a question of which is easier to adjust in the future to avoid structural deficits (or surpluses).&nbsp; But lowering the tax would take effect right away and making credit available does not guarantee spending....in fact, it encourages the wrong kind of spending.We&#039;ll see what the bill looks like by next Monday, but with each passing day I lose faith in Obama&#039;s ability to do what he said he would in a responsible manner.</blockquote>

[QUOTE="newusername, post: 5609251, member: 562064"] Another thing that concerns me is there is a prevailing idea, especially in the housing market, that this stimulus should be used to boost that credit bubble again. I'm all for re-structuring existing mortgages and managing bad assets, but do they actually think that convincing people to do what they were doing before is the right approach? The argument of lowering taxes or increasing spending is, to me, largely a question of which is easier to adjust in the future to avoid structural deficits (or surpluses). But lowering the tax would take effect right away and making credit available does not guarantee spending....in fact, it encourages the wrong kind of spending. We'll see what the bill looks like by next Monday, but with each passing day I lose faith in Obama's ability to do what he said he would in a responsible manner. [/QUOTE]

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