kewp – that is a good point. The ATM housing money has been spent. That was all borrowed money. This new injection of money is going to cover the already borrowed money. Small example, the stimulus package. How many ran out and injected it into new purchase. I’d go out on a limb and say many just paid bills, credit cards, car payments, etc. Some Piggs probably invested it (hopefully not in stocks like me) or just saved it (some of it).
I don’t think the stimulus package did one thing towards jump-starting the economy, even if a few actually bought something w/it.
I don’t think the 700 billion is anywhere near pulling us out of this hole of debt. We have to get out of the hole of debt before we can think about stimulating the economy.
