Quote:
Originally Posted by Cimarron29414
*sigh* ...and while we are talking about hypocrisy, why don't we point out how all of a sudden the liberals want to stimulate the economy by issuing a tax credit!
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I have never had a problem with tax credits as long as they are a credit for a specific behavior you want to encourage. I think these work great for encouraging a specific behavior (like weatherizing a home). What I don't like is when they just give money back and don't encourage anyone to spend it.
Here is the thing, if people are nervous about spending and you give them $1000 they will take that money and save it. However, if you give them $1000 only if they spend it on X then they will spend that money. Right now having the consumer save all their money is not going to help the economy. We need to encourage them to spend their money and gain confidence in the market (which really appears that it has turned... DJIA is around 9300!)