Feb
21st
Thu
21st
Hate to quote Huckabee, but …
If we end up with the (tax) rebates, we’re going to borrow the $150 billion from China. And when we turn it into rebates, most people are going to go out and buy some consumables like a pair of shoes that they probably don’t even need, but they’re going to buy them, and they’re most likely an import from China. My point is, whose economy are we stimulating when we do that?My $600 will go towards a mortgage payment. How will you spend yours?
via Will Snyder
Seriously, good point. Mine will go into savings or investments most likely. Eventually it will be spent on something either useless or usefull, I’m not sure. But if it gets spent long enough after our current economic woes are over or changed, does it make much difference? Of course it does, but it won’t be as clearly linked. Now I have to decide if I want my $600 to be in any institution, be it bank, a company’s stock, a purchase, etc. Maybe I’ll just put it in a coffee can and bury it in my back yard.

