Page 2 - Stimulus Effect News Today

For some reason unemployment insurance is where we wont cross that line. im hoping that common sense and reasonable people will come together, reasonable minds. well take a better look at this. this thing ought to be paid for. but im going to support this legislation anyway because truly i think its the right thing to do. what i would encourage is for my colleagues to get out of the beltway, go home and talk to these people who need this unemployment insurance. these are people who are actively ...

Is a stimulus effect. all these people having more money to spend it adds $22 billion more, translateing to 85,000 jobs nationally. what itself case against doing it? >> thats a lot of points. we can talk about this one after another. so i guess my basic point, though, i think we all of us at this table agree will is a cost to increasing the minimum wage. it doesnt happen, magically, there is a cost. from my perspective, that cost is three things. it hurts the workers, you are cherry picking whi...

Work, in fact, work full-time and still cant afford enough within their budget to eat. this is part of why its so important. not just to feed people but because an economic stimulus effect, right. >> when you get a snap benefit, you have to spend it on food. that has an economic impact on our economy. it also, food is produced by farmers. it helps our farmers. this -- the way people try to pit farmers versus snap, i think, its a false choice. look, the bottom line is, we have 50 million people i...

Industry and what is the impact of that. >> it raises some questions. one day missing, two days missing, maybe not the end of the world. tomorrow by the way they have to open. theres a huge issue, the last day of the month and many portfolio managers and investors, that day, matters a lot. if they cant get the exchange open and its possible that theyll only do it electronically and if theres a problem with that, that could be a real problem. but more broadly in terms of the economic impact, ther...

>> e with all have a certain gift in our life to help and given back to people. mine happens to be cooking and i do everything in my power to try to use that gift. >> also tie dyeing. >> its almost a back-door stimulus effect. >> thats all stimulus of money. >> almost all government spending. >> particularly food stamps because food is still grown, processed, shipped, warehoused, manufactured in america creating american jobs. one other point. the same things we do to fight hunger are exactly wh...

to make sure we have a safety net that cares for people that are falling from the middle class into poverty. >> 99ers receiving an unprecedented 99 weeks of jobless benefits. >> fight, fight, fight. >> but 20 straight months of job gains have many wondering when do you cut the cord? >> when do it we want it? now. >> with no easy answers for the long-term unemployed, what can and what should government do? >> sometimes it means making sure that theres a safety net. >> by the end of the ...

Who really pays the bulk of taxes in this country. millionaire tax rate, super rich getting out from under paying taxes. no the salary making people. particularly in a $250,000 range, but even the millionaire taxes the average is 30%. the average tax rate they pay, the people escaping taxes make most of the income on capital gains. forbes 400 players. >> bret: we talk about the question about the stimulus effect of a temporary payroll tax cut holiday. anyway. but politically do make that argumen...

Who really pays the bulk of taxes in this country. millionaire tax rate, super rich getting out from under paying taxes. no the salary making people. particularly in a $250,000 range, but even the millionaire taxes the average is 30%. the average tax rate they pay, the people escaping taxes make most of the income on capital gains. forbes 400 players. >> bret: we talk about the question about the stimulus effect of a temporary payroll tax cut holiday. anyway. but politically do make that argumen...

>> let adam finish, guys. >> you agree with that, dont you. >> id rather it all be cast as basic signs, basic technology, as opposed to stimulus, i have no problem agreeing with you on that. >> now why we dont have much stimulus effect from the stimulus. >> dave: ben? >> by the way, the intention of the internet cost pennies, a tiny government investment and worked spectacularly from day one and we knew it would work and we knew that china would dominate solar panels for years and we kept pourin...

Said this is one of the more exciting times he has ever seen in silicon valley. >> i think it is on fire if youre in the right part of the industry. so clearly social networking like facebook, google, the internet, cloud, mobile, those things are all going like gang busters. if youre a mobile app developer in silicon valley you can pretty much write your own ticket. >> and, dan, real quick here, the big impact on the country? >> well, that really remains to be seen. obviously a huge impact in ca...