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Originally Posted by rlbond86
What do you expect from an administration that believes in "supply-side economics." Instead of listening to real economists, they decide that they know better, and that they should give money to the super rich.
There is a video of Peter Peterson on Charlie Rose about how this type of thinking is a problem for this country: http://youtube.com/watch?v=kCpzs45vrRs
The point is, that $600 rebate will not be spent by many people, anyone who has a lot of money will just save it... and the poor people who would spend it won't be getting a rebate. But what do you expect from an administration that asserts how factual information is inferior to the hunch. |
How do people who don't pay that much in federal taxes get a 'rebate' that would be called a 'gift'.
Its an economic stimulus package, and I guess you don't know anyone who makes 50k or more if you think they will all put that into savings.
I personally think it won't do much, but it was MY GOD DAMN money in the first place they TOOK from me. So just who should be getting it?
Using my very scientific method (this was sarcasam, some people have very bad sarcasm detectors) I think any recession will be minor at this point. People are still spending a money, lots of it, I was driving all over, put 100 miles on my car yesterday looking for supplies for my new office. I had to fight for parking spots everywhere and the stores were packed. It looked more like the week before xmas than a nothing weekend in January. I noted the same behavior the last two recessions. So you can call this a hunch, it is, but so far hunches seem to have as good a chance of being true as expert opinion on such matters.
Being that this 'rich' man spent six hundred thousand dollars he didn't have this year and created several jobs I could use a bit of my labor they took from me last labor. It would be most welcome, as I'm taking a pay cut along with this risk.
I'm now working this Sunday on this project, so I bid you good day.
Edit: Too many typos to bother fixing it, had to stop writing it several times taking care of the kids and it shows, but you get the gist.