What will a “stimulus package” really do????

[GoUSC]

George Bush & Helicopter Ben Bernanke are both coming out today saying that a stimulus package is needed. In generally, I believe that lower taxes are better and actually increase tax revenue in the long term (this has been proven in fact).

HOWEVER…the problem today is over-extended people by thousands upon thousands of dollars. Let’s say the government decides to give everyone $500 back or even $1000 back. What in the world will this due? People will:

1. Go buy a plasma and be in the same situation they were before.
2. Pay down their $%50,000 credit card balance by $1000. Still in the same situation before.
3. People like me that will stick the $1000 into a little hole like a squirrel and still not spend or buy a house.

I mean do they realistically think that anything they can come up with will really make a difference in turning this lumbering ship around?

Obviously the stock market thinks they are full of crap. Down 90 pts. as I speak.

[stockstradr]

Yep, I was watching them on cspan and bloomberg. Bernanke looks very scared.

I’m amazed the damn stock market continues to fall. We are BELOW 1350 on the S&P500 at the noon hour! Holy shit. I never would have guessed that happening in the first month of ’07

[stockstradr]

Yep, I was watching them on cspan and bloomberg. Bernanke looks very scared.

I’m amazed the damn stock market continues to fall. We are BELOW 1350 on the S&P500 at the noon hour! Holy shit. I never would have guessed that happening in the first month of ’07

[stockstradr]

Yep, I was watching them on cspan and bloomberg. Bernanke looks very scared.

I’m amazed the damn stock market continues to fall. We are BELOW 1350 on the S&P500 at the noon hour! Holy shit. I never would have guessed that happening in the first month of ’07

[stockstradr]

Yep, I was watching them on cspan and bloomberg. Bernanke looks very scared.

I’m amazed the damn stock market continues to fall. We are BELOW 1350 on the S&P500 at the noon hour! Holy shit. I never would have guessed that happening in the first month of ’07

[stockstradr]

Yep, I was watching them on cspan and bloomberg. Bernanke looks very scared.

I’m amazed the damn stock market continues to fall. We are BELOW 1350 on the S&P500 at the noon hour! Holy shit. I never would have guessed that happening in the first month of ’07

[cr]

I saw Helicopter boy briefly and he looked terrified!

Maybe people will take the $1000 handout and invest in the stock market. And then lose it all.

So much for Laissez Faire.

Adam Smith is rolling in his grave.

[cr]

I saw Helicopter boy briefly and he looked terrified!

Maybe people will take the $1000 handout and invest in the stock market. And then lose it all.

So much for Laissez Faire.

Adam Smith is rolling in his grave.

[cr]

I saw Helicopter boy briefly and he looked terrified!

Maybe people will take the $1000 handout and invest in the stock market. And then lose it all.

So much for Laissez Faire.

Adam Smith is rolling in his grave.

[cr]

I saw Helicopter boy briefly and he looked terrified!

Maybe people will take the $1000 handout and invest in the stock market. And then lose it all.

So much for Laissez Faire.

Adam Smith is rolling in his grave.

[cr]

I saw Helicopter boy briefly and he looked terrified!

Maybe people will take the $1000 handout and invest in the stock market. And then lose it all.

So much for Laissez Faire.

Adam Smith is rolling in his grave.

[WaitingToExhale]

Let’s say the government decides to give everyone $500 back or even $1000 back. What in the world will this due? People will:

1. Go buy a plasma and be in the same situation they were before.
2. Pay down their $%50,000 credit card balance by $1000. Still in the same situation before.
3. People like me that will stick the $1000 into a little hole like a squirrel and still not spend or buy a house.

Given the reliance of the US economy on consumption, I think the goal is unabashedly option #1. The LAST thing this economy really needs is for people to save instead of buy stuff, or just pay down a credit card. Remember the calls to action for people to go out and buy stuff or the terrorists win?

I’m with you, radelow; we’ll put in in the bank in our down payment fund so we can buy when the market bottoms out… or at least eat for an extra month when I get laid off from the coming recession.

[WaitingToExhale]

Let’s say the government decides to give everyone $500 back or even $1000 back. What in the world will this due? People will:

1. Go buy a plasma and be in the same situation they were before.
2. Pay down their $%50,000 credit card balance by $1000. Still in the same situation before.
3. People like me that will stick the $1000 into a little hole like a squirrel and still not spend or buy a house.

Given the reliance of the US economy on consumption, I think the goal is unabashedly option #1. The LAST thing this economy really needs is for people to save instead of buy stuff, or just pay down a credit card. Remember the calls to action for people to go out and buy stuff or the terrorists win?

I’m with you, radelow; we’ll put in in the bank in our down payment fund so we can buy when the market bottoms out… or at least eat for an extra month when I get laid off from the coming recession.

[WaitingToExhale]

Let’s say the government decides to give everyone $500 back or even $1000 back. What in the world will this due? People will:

1. Go buy a plasma and be in the same situation they were before.
2. Pay down their $%50,000 credit card balance by $1000. Still in the same situation before.
3. People like me that will stick the $1000 into a little hole like a squirrel and still not spend or buy a house.

Given the reliance of the US economy on consumption, I think the goal is unabashedly option #1. The LAST thing this economy really needs is for people to save instead of buy stuff, or just pay down a credit card. Remember the calls to action for people to go out and buy stuff or the terrorists win?

I’m with you, radelow; we’ll put in in the bank in our down payment fund so we can buy when the market bottoms out… or at least eat for an extra month when I get laid off from the coming recession.

[WaitingToExhale]

Let’s say the government decides to give everyone $500 back or even $1000 back. What in the world will this due? People will:

1. Go buy a plasma and be in the same situation they were before.
2. Pay down their $%50,000 credit card balance by $1000. Still in the same situation before.
3. People like me that will stick the $1000 into a little hole like a squirrel and still not spend or buy a house.

Given the reliance of the US economy on consumption, I think the goal is unabashedly option #1. The LAST thing this economy really needs is for people to save instead of buy stuff, or just pay down a credit card. Remember the calls to action for people to go out and buy stuff or the terrorists win?

I’m with you, radelow; we’ll put in in the bank in our down payment fund so we can buy when the market bottoms out… or at least eat for an extra month when I get laid off from the coming recession.

[Author]

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