That the Economic Stimulus Act of 2008 will successfully mitigate economic slowdowns next year.

First of I would like to state that my opponent has failed to refute my argument on the word resolved. Because I have attacked the reason for my opponent is supporting the resolution and has not defended meaning he has no resolve to support the resolution and thus has failed to do the job of the affirmative. So to extend these arguments, first as I stated before if the success of this plan is dependent on the people there is no way that we know that they will do the right thing with their money. (I'll explain latter). Secondly because I have put doubt in the person stating the quote because it is Bush who as I stated before is the reason that the economy is bad. It was Bush who after 911 told people that in order to improve the economy they should go out and buy things but this is what caused this economic slowdown. Because in order to meet the higher demand for thing like homes they began to make more causing the worth of owned homes to dropped meaning that now the house they owned was worth less then their mortgage causing foreclosures which is way there is a economic slowdown. Meaning that the speaker of the quote is the reason for this slowdown so why should he be trusted, and this also show how the examples of the 2001-03 plan can not be a reason to support this resolution. The fact is as I stated that giving people all responsibility for success will in the end be the down fall of the aff because there is no way to make sure they spend it on the right things, and in 2001 empirically it is shown that people will not go out and spend this money. http://www.fox28.com... And while it may sound great, IUSB Economics Professor Lane David says, it may not be great for the economy.David says, "The problem is that both the empirical evidence and theory tells us that tax rebates don't work to stimulate the economy. And we only have to look back to the recession of 2001 when they did exactly this to see that they don't work. Consumers spent less than 20 percent of what they received from those tax rebates and it really didn't make a dent on the economy at all." The other problem is that some of the money will be spent on thing that are made outside of the US meaning that not all the money will go back into the economy and will not help in any way to stimulate the economy. http://www.glennbeck.com... " So we pop it into the mail and then what happens? And then you take it and you go out and you buy goods made in China. (Applause). This is fantastic. This is the best, this is the best stimulus package I've -- can I tell you something? It will definitely stimulate the economy. Not ours but China. It will be fantastic. I mean, imagine that. Look how insidious that is. Can you imagine if I were a Bill's Store and Bank and I said, "Whew, we're having problems with the economy. John, I tell you what we need to do. Just to help you out, I'm going to loan you $1,000, okay? You're going to have to pay 8% interest on that but I'm going to loan you -- because this will be for your own good. I'm going to loan you $1,000 at 8% interest and then you go ahead and spend that. Oh, by the way, I'll cash that check for you if you want. You can spend it right here in my store and buy stuff that I'm selling." The Chinese win in three ways. They continue to enslave us in debt; they got their interest rate. Congratulations. They're making money; and they're putting their own people to work making the crap that we buy. Who's the winner here? Oh, I'm so excited for that paycheck -- oh, I'm not going to get one. That's right. I'm too rich. I'm too rich. I've got -- I don't even need a tax decrease. Why would I need a tax decrease? I'm just running a small business that just got an insurance increase of 48%! Yeah, don't worry. Don't worry. I'm sure all those people that run small businesses, they don't need a tax decrease, either, uh-uh, no." the fact is, is that if people don't one, spend their money fast and two, if they do spend it inside the US there is no way that this plan can have success. China gives US money=government =people=china= net lose for the US The reason for asking for where the money comes from is because money just doesn't come from nothing the government has to take it from some where. http://www.townhall.com... "But skepticism is in order. Any money that the government lays out, after all, will not drop miraculously from the sky. Since the federal budget is already running a deficit, those funds will have to be obtained the old-fashioned way -- by borrowing. More money would be spent by those who get the help, but less would be spent by those who provide it. So the whole transaction may add up to not much more than zero." as it states if we barrow from other countries we will just run up the deficit. This will cause a financial crisis http://www.foreignaffairs.org... "In the late 1990s, the United States borrowed abroad to finance private investment. Today, however, the country does most of its foreign borrowing to finance the federal budget deficit, which is projected to be close to 3.5 percent of GDP in 2005. (In 2000, the United States had a surplus equal to 2.5 percent of GDP.) Recent economic growth has not reduced the budget deficit, but it has increased private demand for scarce savings; the net result has been even more borrowing from abroad. In 2004, foreigners bought an amazing $900 billion in U.S. long-term bonds; the United States exported a dollar of debt for every dollar of goods it sold abroad. Looking ahead, the U.S. debt position will only get worse. As external debt grows, interest payments on the debt will rise. The current account deficit will continue to grow on the back of higher and higher payments on U.S. foreign debt even if the trade deficit stabilizes. That is why sustained trade deficits will set off the kind of explosive debt dynamics that lead to financial crises." This turns and proves that this plan will only further the US economic problems. Another argument that my opponent failed to attack is that it will not create jobs. Business receive support will find ways to improve efficiency though methods of improving production which will cause less need for worker causing more unemployment. so to conclude the only way that this will help the US is that while we go through the next great depresion at least we will all have 50 inch TV's to injoy it