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Reply #7: What you said... [View All]

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Home » Discuss » Topic Forums » Economy Donate to DU
CoffeeCat Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-05-09 10:38 PM
Response to Reply #4
7. What you said...
You're exactly right.

Hey, I'm grateful, if the President wants to send me a chunk of money. However, that money will do NOTHING. If the
intent of that money, is to give citizens a little boost or a tiny addition to their savings, during these hard times--then
that's fine.

However, that money will not stimulate the economy or make one bit of difference on a macroeconomic level. Look at what
happened to the last tax stimulus that Bush gave us. People socked it away. They didn't spend it on a flat panel or
new carpeting. They saw the train wreck coming and they were scared. This was months ago! People have gone from
scared to frickin terrified to spend a nickle.

Those dollars, as you said, will go straight into the Sealy Posteurpedic.

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