Saturday, January 26, 2008

Can a Check for $600 Stimulate the Economy?

The US economy is in the tank. Our Washington D.C. leaders are scrambling to get money in the hands of American Taxpayers. Their answer....$600.

Our leaders are so far removed from civilization. They believe that by sending checks to American citizens will encourage Americans to spend hence, boost the economy. But what will you do with your $600? Most people I know will take their $600 and pay down debt. Or they will use the money to pay the heat bill or gasoline for their car. I know of no one that will buy an unnecessary electronics, clothing or any other type of item. America has been suffering economically for quite some time. They have curtailed their run away spending habits of the 1990's since the 9/11 attack. Since the turn of the new century, American wages have been stagnant. Cost of milk and gasoline has risen over $3 per gallon. We are no longer the 'consumer nation' we once were. Corporations that were made great and world known by the works of American laborers have separated from the nation to become multi-nationalists that have no loyalties to one nation, but rather to the beloved buck. They go and grow where their money will get them the cheapest labor in the world.

I do not believe the economy can be stimulated by taxpayers. I believe it will take government regulations to bring back the jobs that were sent overseas. And to regulated the banking and mortgage lenders. Regulation works.
What do you think?