The Mudcat Café TM
Thread #40805   Message #587313
Posted By: Big Mick
07-Nov-01 - 07:49 AM
Thread Name: Political - GOP 'Economic Stimulus'
Subject: RE: Political - GOP 'Economic Stimulus'
I chuckle over Doug (whom I like, BTW) always mouthing the same old tired phrases. Most economists know and have said publicly that for a stimulus package to work, it has to go, in the main, to the working poor and middle class folks in order to be effective. The reason for this is that when they spend the money they spend it on durable goods (appliances, etc). The tax cuts to the wealthy usually end up in savings of some form. Tax cuts to the corporations don't produce much as they are already overbuilt, that is they have excess capacity. This package is a sham as it is presented. If the Republicans wanted to reward their friends they should have just said so. Calling this a stimulus package is false advertising.

Mick