Now THAT would stimulate me! sm
Posted By: m on 2009-02-07
In Reply to: A plan that will work..... - sm
LOL!!!
Let's see.... I would
Pay off my car.
Put money away for college if my children choose to go. I might even go myself!
I would build a deck onto my house, rip up my carpet and put down hardwood floors, buy my boys EACH that 4-wheeler they have been wanting for years, take a Loooooong vacation (within the US, of course), and just generally throw money at the economy like nobody's business.
I think this is a great plan, but it would never fly.
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Would that not stimulate the economy? sm
Think about it. If a person has a mortgage payment of say $500 a month (or any figure, really) and the government wrote a check for, say, $50K to that individual and it would pay off their house, would that not free up that $500 to be spent in other ways that would stimulate the economy?
People who are struggling to make their house payment, regardless of the reason, are still consumers and those consumers would be able to put more money back into the economy if they didn't have a mortgage payment. Isn't that the whole idea? To get more people spending more money so that more jobs would be created and so that our economy would grow?
...and he proposed that if Americans won't buy "stuff" to stimulate the world economy -
the Chinese will have to spend money. Obviously, he didn't read the article about peasants in China fleeing the cities due to the loss of 20 million jobs. WUTTA BUZZOO!!
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