The federal government is going to cut checks made out in amounts of $600 for individuals and $1,200 per couple to stimulate the economy, and I’m feeling stimulated already. In fact, I’m over stimulated. I’m already spending the money, even though I don’t have it. Spending money you don’t have– that’s the American way. Right?
I need some Ritalin to calm myself down. That’s how over stimulated I am.
I’m only half-kidding. I don’t understand the economy, and don’t pretend to understand it. But if our economic health depends on people spending money for junk they don’t need, well, there must be something seriously wrong.
Spending is good. Saving is bad. That’s the message. The mortgage fraudsters and the credit card hawkers WANT US in perpetual debt, paying exhorbitant interest rates, as long as we keep paying and don’t default on the debt. Now that half the nation is bankrupt, the government is handing out checks so people will spend and spend and go into debt again. It’s a vicious circle.
Somebody suggested that the feds ought to just give out gift cards, if it’s just about spending. How about gasoline debit cards? Barnes & Noble? Starbucks?
I like that. Watch, it might just happend.
Here’s another thought. We’re in a global economy and no one seems to totally comprehend it. Merrill Lynch, Citigroup and other financial institutions are writing off billions of dollars in losses and are now going overseas to sovereign nations to get massive infusions of cash.
Meanwhile, the global ecomony has cost thousands and thousands of lost jobs in America.
We can’t control our economy and we can’t protect our workers’ job…so why then are we expending our treasure defending everyone else in the world? Just wondering.