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Economic Stimulus Package
Stimulating WHOSE Economy? By now, you've no doubt seen the press on the bipartisan emergency stimulus package. Neither party is particularly thrilled with it, but boy are they quick to dangle that dazzling rebate in our faces. What a shiny thing it is, too -- a $700 to $1200 (or higher) lump sum rebate payment. It sounds pretty darned good when you're deciding between fuel for the vehicle that gets you to the job that feeds your family or fuel for the bellies of the family you work so hard to provide for. But, will it do what they say it will? Will we go spend it on beads and baubles at the big box discount store, thus stimulating the American economy by creating a demand for beads and baubles that will, in turn, create jobs in the beads and baubles industries? You and I know the answer to that question is a huge, resounding "No." But, then, it's a little hard for us to lose touch with economic reality when we're the ones out here trying to survive it. If they were in our shoes, they'd realize that we've been struggling to make ends meet for so long that $700 - $1200 isn't nearly enough to catch most of us up. Most of us will probably spend that money on necessities and catching up on bills. But, even if we did all go out, en masse, to spend our little rebate windfalls on beads and baubles and the newly created demand for beads and baubles didn't evaporate within mere days of receiving our rebates -- it wouldn't stimulate OUR economy, because we don't manufacture beads or baubles or much of anything else, here, anymore. We have the economic equivalent of a gaping belly wound -- a band-aid isn't going to do anything to improve or even stabilize our condition. We need a real emergency cure, an enduring one, that stops the bleeding and keeps our money, here... or we're going to bleed to death. That's the simple truth of it. |
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This intel was contributed by Melhi
Melhi
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May, 2012
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