It is comical… purely comical that anyone thinks that any measures to push an already strapped consumption based population is to…
Have them spend more money!!!
Yes that makes alot of sense.
Why not give them a government based tax credit to buy flatscreens to replace any tube televisions? Why not replace those outdated cd players with mp3 players? Why not give them 8k no maybe 80k of taxpayer money to give up that old klunker energy inefficient home and buy a nice energy efficient KB Home? Then you can have goodwill by letting bums or illegal aliens live in the klunker home!
Giving people an incentive to get further in debt is not the right way to fix a f*$cked up economy. Why don’t you give them a tax credit to live within thier means? Why don’t you give them a credit to lower thier debt? Why don’t you teach them to live a different lifestyle instead of telling them that they have to continue to buy?
You are missing the big picture by so much it is amazing to me.
When the government has to reach into the taxpayers pockets to incentivize consumers to buy product from a company the government owns how screwed up is that?
Giving people money so that they can get into more debt is not a good thing. I don’t care if you give every friggin car in the USA to starving kids in Darfur.
Try to understand the big picture of what the government is really doing here. Even in the model that econprof brought up, spending more and reinflating is not the way out.
