Economy Stimulus - Buy!

 Enlighten me. How is a tax rebate check of the 300 dollars going to
stimulate the economy out of a recession? Since when have Americans no
longer been considered "citizens" and are now just consumers?

How is it that 300 bucks in the hands of low-income, middle-income and
basically most Americans, is  going to translate into jobs that are
not outsourced, universal health care, businesses actually
manufacturing goods, technology actually looking into alternative
fuels, property taxes going down or being eliminated, etc, etc.

It's not. Remember when the "War for freedom for all repressed
regimes, oops just Iraq" was first waged and Americans were all
advised to shop til you drop! Shouldn't Americans have conserved
energy, and goods and been willing to pay more taxes instead? Of
course.

But Americans are no longer people who live meaningful lives. They are
only consumers of cheap foreign goods. Reminds me of the Roman empire,
before its collapse.

-N

 

Not even possible.


Because most spend that rebate and even someone as stupid as
you should have noticed that that has an effect on the economy.


About the same time you spent your entire 'life' with your dick in your hand.


basically

Many jobs cant be outsourced. Pizzas are just a tad cold when they come from
India or Mexico.


That $300 has nothing to do with universal health care.


Any modern first world economy is always about a hell of a lot more than just
manufacturing goods.


It isnt even possible to fix all the world's problems with $300 per taxpayer,
stupid.


Must be one of those rocket scientist mindless eejuts.


Another bare faced lie. Pity about Afghanistan.


Another bare faced lie.


Nope, the congress would never have bought that.


Any modern first world economy is always about a hell of a lot more than just
goods.


More fool you. Nothing like the roman empire before its collapse.

And the modern first world aint about to collapse like the roman empire did
either.

Its actually the alternatives that have been collapsing very spectacularly
indeed, stupid.

 wrote:


Trickle-up economics.  Take money from the government, which gets it
either through taxes or inflation, then give it back to the poor.
They then immediately go out and buy the newest electronic gadget
game, or a new digital tv, and the businesses get to report record
earnings.  That pleases the stockholders and puts money into the hands
of the already rich, and voila! the "economy" is saved for the short
term, at least until the day after elections.

The inconvenient truth is that unless serious changes are made to
minimum wage and the supply of nearly free undocumented labor is dried
up, the lower and middle class of citizens will get poorer and have to
work more, while the top cats will just switch their investments out
of the country or at least out of the companies affected, thus
retaining wealth.

There is no question that inflation works to the advantage of
government.  If a dollar today is worth fifty cents next year, and the
cost of the war in Iraq is largely in the past, the payments made to
contractors who signed fixed price contractors  are effectively cut in
half.  A lower value for the dollar encourages foreign investment
here, and slows the drain through U.S. citizens traveling abroad, etc.
etc.  The whole dynamics of the process allows wages to increase
without increasing in real value, which then allows politicians to
claim that in the face of unreasonably high executive salaries, they
are fighting valiantly for a living minimum wage law, pass such a bill
by a narrow margin with great moaning, and still have the worker
earning less real money than before.  Mom-n-pop businesses might go
bankrupt, but they have no serious clout in Washington anyway.  No
senator is going to retire to be on the board of directors for Joe's
Taco's r Us.

The worst of it is that, if the consumer does have savings, continuing
to hold on to them may not be the best course of action.  If inflation
tops 10% (it was close to 6% last year in south Florida), then solid
investments can't keep up.  It could be better for some people to buy
hard goods that will last for a few years by taking advantage of the
zero percent interest deals - provided the money to pay for the items
is in an interest bearing account for that time.   That way the
consumer can leverage the lower current prices for items against the
later inflated price, and earn some interest on top of that.  Of
course, this doesn't work if the consumer doesn't have the money to
pay off the item near the end of the zero interest period.

Or, the consumer could really get affairs in order by finding a
sustainable existence that is less affected by inflation or a downturn
in the economy.  The Mormon idea of investing in a year's supply of
basic necessities to have in reserve, isn't a bad idea right now,
either.  Of course, if you can't pay the mortgage and don't have a
place for storage, that won't work, either.

 On Jan 19, 12:25 pm, hchick...@hotmail.com wrote:

Let us hope that we are not given  Black Swan events like we had in
2000 & 2001. The pessimism is mounting now. We can make it through
corrections if time delay is ample enough. The government dilutes debt
via fiat inflation. Panic does not give one much time to make
decisions on where to flee to.

 On Sat, 19 Jan 2008 12:25:33 -0500, hchickpea@hotmail.com wrote:


I can't get any real elevation anymore when I piss.
So it's gonna have to be trickle-down for me.

--Vic