The big news just came across the airwaves that the economy is saved and a recession is avoided, as if we weren’t already in the throes of a recession. The plan is, according to the news bite, that all of us who receive paychecks are going to get a whopping $600 from our Federal Government! More, if you have children.
How to invest such a windfall no doubt will be large upon the minds of the multitudes. Personally, I’m thinking real estate. Perhaps I could use this as a down payment on a nice little investment property. Or buy a new car, maybe a boat or some new expensive toy.
Of course I’m being sarcastic here. My point being, what is their point? Three hundred dollars is nothing, nada. It may buy a quick trip to Wal Mart, but what about next month, and the next and the next?
(Copied from my January 24, 2008 writings)
How do you bolster a consumer-based economy that is supported primarily by a middle class when you have broken the back of the middle class? This didn’t just start last year. This started during the Reagan Administration with his laughable “trickle-down” economics. The theory being that if the rich had more, they would create jobs and employ more people, thereby stimulating the economy. They certainly did that. They created thousands of jobs in India, China, Viet Nam and other off shore points paying workers pennies a day to sell $150 shoes. Well, shipping is expensive, you know.
It doesn’t take a genius to figure out this is one of the stupidest plans concocted by this administration to date. Thanks Nancy (Pelosi), for going along with it. What’s in it for you?
It’s time to ponder the distribution of my wealth. Will it be cheap shirts and dog food at Wal Mart? Or will I try to put a dent in my $400+ electrical bill this month?
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economy, economic recovery, Bush's plan
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