Tax rebates urged to rescue economy: What the heck?

[freedominnumbers]

This is NOT good.

This is a textbook method in which the government interrupts the natural correction of the market. It's not economic stimulus because it does not add to the economy, it only shifts resources which would otherwise be spent. Worse even it exacerbates government demand for money from the fed which further increases inflation and causes a net negative in the economy of the individual.

 

[Feelgood]

What happens if everyone takes the rebate and puts the cash in a mayonnaise jar?

Then youll have mayonnaise covered cash?


Seriously, Ron Paul should be ALL over the news with this. He needs to be front and center, railing against the Fed and Bush for this. They are the cause after all.

 

[Greg in VA]

Excessive consumption is how we got into this mess in the first place. So I guess the solution must be more consumption.

Great quote! Much like RP scolding Bernake (paraphrasing here I am sure it is youtubed somewhere)

"Let me get this straight, you want to fight inflation, by creating more inflation?"

 

[thrillhouse]

Send the money where it will do some good.

If I get this economic stimulus in time I will sign the back if it and send to Ron Paul, because he is the only one who will fix the economy.

 

[Charles Wilson]

If I get this economic stimulus in time I will sign the back if it and send to Ron Paul, because he is the only one who will fix the economy.

Good thinking! Awesome

 

[HOLLYWOOD]

Government Morons...

Wow... a Whole $300... that'll make up for the additional costs in gas/fuel prices and increased TAXES on those fuels for the previous Quarter.

Now, what do we in the future?

What are the true UNEMPLOYMENT FIGURES if you were to COUNT ALL THE PEOPLE that have fallen off the LABOR Dept's radar when their UNEMPLOYMENT INSURANCE RUNS OUT?

ALSO when you take out the 10,000's of "SO-CALLED" new employment/hirings the LABOR ADDS to their FIGURES of GOVERNMENT EMPLOYEES?

What's the UNEMPLOYMENT FIGURES when the LABOR DEPT DOES NOT INCLUDE THE MILITARY in the numbers?

Yeah thought so...

DIDN'T BUSH say the ECONOMY is DOING GREAT 6 months AGO?

DIDN'T BUSH say the ECONOMY is STRONG 3 months AGO?

SO we SEE what the NICKLE NEOCON's SPIN is today... GARBAGE! Doesn't even pay for inflation in the past 4 months!


HEY GOVERNMENT MORONS... why not just CUT ACROSS the BOARD, AMERICAN's TAX RATES in HALF & MAKE IT PERMANENT? That will boost the economy LONG TERM!

GOVERNMENT THIEVES!