The Bush Recession

[billvon 3,116]

>Is this a serious question?

Yes. You seem to be suggesting that accruing savings would be an overall generally good thing to do, in terms of encouraging people to save. Which I agree with.

But the $800 thing has been sold as a "shot in the arm" to quickly get the economy back on its feet. So - how would putting that $800 in the bank accomplish the stated goal of such a program? If it did NOT provide a shot in the arm, it would merely run up our debt (which is one of our biggest economic problems) while providing very little economic stimulus.

[Misternatural 0]

The president is meeting with congress right now to talk about the stimulus package- he mentioned finding common ground and Pelosi has a big grin on her face. stay tuned.

Beware of the collateralizing and monetization of your desires.
D S #3.1415

[kelpdiver 2]

Quote

The president is meeting with congress right now to talk about the stimulus package- he mentioned finding common ground and Pelosi has a big grin on her face. stay tuned.

tough shit for generation Y, I suspect.

[Zipp0 1]

Bush opening sentence last night:

As we gather tonight, our nation is at war, our economy is in recession, and the civilized world faces unprecedented dangers.


Apologies considered, praise appreciated, dissent crushed.

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Chuck Norris doesn't do push-ups, he pushes the Earth down.