Impotent Stimulus Plan
So let’s get this straight:
A government that has spent itself into a hole it can’t dig itself out of has given, by government standards, a small amount of money to a citizenry that can’t save a dime and will buy a flat screen plasma before even thinking about putting something aside for the kids tuition. This same citizenry will then do with that money something approximating one of the following:
a. retire some debt (yeah, right) and if they do that then they’re not stimulating the economy by spending the money (so much for the stimulus part of the stimulus plan) and they’re using sandbox shovels instead of teams of bulldozers to fill the cavern of consumer debt. I’m aware the usual phrase is “mountain of debt” but having a mountain of nothing, or in fact, a mountain of negative worth, seems oxymoronic to me, so let’s call it a cavern of debt.
b. they’ll spend it and goose the economy an infinitesimal amount for a week and a half or so while leaving the sub-prime mess and the credit card bills to fester further.
c. they’ll put it in a savings account (yeah, right again) and feel a false sense of security for that same week and a half, which won’t stimulate the economy or cause the collection agencies to take a step back.
It’s non-partisan nonsense that keeps the wool securely pulled over the eyes. And the con-men and con-women of the con-gress pose for photo-ops at the signing ceremony.
Happy Valentine’s day. Pay cash for the flowers.
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