The Mudcat Café TM
Thread #107994 Message #2244113
Posted By: Bobert
24-Jan-08 - 08:52 PM
Thread Name: BS: Free $1,600.00 for the taking
Subject: RE: BS: Free $1,600.00 for the taking
This plan must have been hatched by the Wylie Coyote Economy Co... It is nuthin more than Bush trying to spend the US Tresury into complete bankruptcy...
It won't stimulate jack!!!
Here's the real deal... The American people who will be getting these check are so covered up in debt that all it's gonna do is allow them a one or two month reprieve on their credit card debt... Where is that money going to go??? Duhhhhh... To pay off debt... Who is that going to help??? Duhhhhh... The same folks who were supposed to invest in new plants and jobs when Bush gave them a big ass tax cut... In other words: rich people, who rahetr invest in palnts and new jobs sat on theuir lazy asses and took the money and lent it to the stuggling middle class who in turn bought a bunch of Chinese stuff with the borrowed money????
Hmmmmmmmm????
So this $150B is nuthing but another big give away to the rich 'cause most of it will go toward paying off debt???
So let's do a little review here... Waht Bush and the Dems think is that folks are going out to buy durable goods with the dough and all will be well??? Right??? Wrong!!!
The average middle class family owes over $4000 in credit card debt... Waht, you think they are going to go out and buy a new washing machine???
Think again...
Extremely stupid economics...
(But, BObert... All you do is bash Bush and his ideas and you never come up with any ideas...)
First of all that is bull but, hey, forget bull for one minute...
If we really wanted to stimulate the economy we would do teo major things:
1. We would repeal the tax cuts to the wealthy which would put more revenue back into the Treasury so we wouldn't be runnin' these terrible deficits, and...
2. We would be looking into regulatying the banking industry and looking for ways to stop the forclosure rates, even if it meant having to have the US governemnt use part of the $150B they are about to run thru the shredder to loan (long term) to folks to keep them in their homes... Kinda a reverse FDIC...