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

[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.

[mixxalot]

Band-aids from government

Don’t help long term to resolve the economic woes of the country.

“. or at least eat for an extra month when I get laid off from the coming recession.”

Thats why I always save. I was layed off from a six figure tech job in November and the stupid EDD unemployment screwed up my unemployment. I had a short 4 week contract job in December that helped a lot but now its been almost a month with no job and no EDD unemployment. If I had not saved, I would be homeless and hungry.

Finally I have job offer but there is no such thing anymore
as job security. One must save to survive downturns.

I learned this in 1993 and 2002 when last 2 major recessions hit me and I had a tough run to find a job with less experience out of college in 1993 and 2002 was a nuclear winter in the US job market after the dot com implosion.

[mixxalot]

Band-aids from government

Don’t help long term to resolve the economic woes of the country.

“. or at least eat for an extra month when I get laid off from the coming recession.”

Thats why I always save. I was layed off from a six figure tech job in November and the stupid EDD unemployment screwed up my unemployment. I had a short 4 week contract job in December that helped a lot but now its been almost a month with no job and no EDD unemployment. If I had not saved, I would be homeless and hungry.

Finally I have job offer but there is no such thing anymore
as job security. One must save to survive downturns.

I learned this in 1993 and 2002 when last 2 major recessions hit me and I had a tough run to find a job with less experience out of college in 1993 and 2002 was a nuclear winter in the US job market after the dot com implosion.

[mixxalot]

Band-aids from government

Don’t help long term to resolve the economic woes of the country.

“. or at least eat for an extra month when I get laid off from the coming recession.”

Thats why I always save. I was layed off from a six figure tech job in November and the stupid EDD unemployment screwed up my unemployment. I had a short 4 week contract job in December that helped a lot but now its been almost a month with no job and no EDD unemployment. If I had not saved, I would be homeless and hungry.

Finally I have job offer but there is no such thing anymore
as job security. One must save to survive downturns.

I learned this in 1993 and 2002 when last 2 major recessions hit me and I had a tough run to find a job with less experience out of college in 1993 and 2002 was a nuclear winter in the US job market after the dot com implosion.

[mixxalot]

Band-aids from government

Don’t help long term to resolve the economic woes of the country.

“. or at least eat for an extra month when I get laid off from the coming recession.”

Thats why I always save. I was layed off from a six figure tech job in November and the stupid EDD unemployment screwed up my unemployment. I had a short 4 week contract job in December that helped a lot but now its been almost a month with no job and no EDD unemployment. If I had not saved, I would be homeless and hungry.

Finally I have job offer but there is no such thing anymore
as job security. One must save to survive downturns.

I learned this in 1993 and 2002 when last 2 major recessions hit me and I had a tough run to find a job with less experience out of college in 1993 and 2002 was a nuclear winter in the US job market after the dot com implosion.

[mixxalot]

Band-aids from government

Don’t help long term to resolve the economic woes of the country.

“. or at least eat for an extra month when I get laid off from the coming recession.”

Thats why I always save. I was layed off from a six figure tech job in November and the stupid EDD unemployment screwed up my unemployment. I had a short 4 week contract job in December that helped a lot but now its been almost a month with no job and no EDD unemployment. If I had not saved, I would be homeless and hungry.

Finally I have job offer but there is no such thing anymore
as job security. One must save to survive downturns.

I learned this in 1993 and 2002 when last 2 major recessions hit me and I had a tough run to find a job with less experience out of college in 1993 and 2002 was a nuclear winter in the US job market after the dot com implosion.

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