Quote:
Originally Posted by evilnewbie
We all know we are in a very bad economy right now with the housing problems, stock market, and companies in a lot of financial problems and very large impending layoffs as a result. The government is trying to "infuse" taxpayers with what they call a relief fund and with this fund they are trying to do this "In a statement on the economy delivered Friday morning, President Bush said any plan should feature "direct and rapid income tax relief" to boost consumer spending." I bolded the important part. Now I understand that the economy is falling because a lot of Americans that "traditionally" carry lots of debt continue to add onto that debt but cannot add any more now. So the government is trying to get you to "spend" and spend more so that you will go into debt to help the economy. Is it a good idea to base the economy on how much debt a person has? I feel like we are beating a dead horse.
Tax rebates: Where's your check - Jan. 18, 2008 |
Evil,
Personally, I understand what you are getting at and you are right when you say "we are beating a dead horse" but like others here have noted.......
This country is in desperate NEED of DECENT jobs that pay a decent and livable wage.....with job security for the masses!
THIS reality is not even really discussed by Bush's plan of a "shot in the arm" to "boost" the economy by offering a tax rebate in dire hopes that consumer spending of this rebate would actually do just that.
Yeah, maybe for a VERY brief moment retail sales would improve, or some bills might get paid that otherwise would not........but it IS a band-aid to a massive, gaping wound within the American economy, IMO!
It does NOTHING in the long run and after the dust settles from a collapse in the RE Market, personal debt, slow to 'nil job growth, rising fuel costs, health care costs, insurance, property taxes, lack of mfg. jobs, layoffs, and a rapid rate of inflation on basic staples EVERYONE NEEDS........nope, it does not help much at all, but MOST people will gladly take a rebate for ANY amount right now!
Sad it is though.......that a LOT of people are going to get a tax rebate who already make or have, plenty of money and DON'T NEED it nearly as much as a VERY large segment of society that IS really struggling just to keep from being homeless!
But, hey.......don't forget that we as a nation, are still "obligated" to send BILLIONS of dollars in foreign aid to a lot of other poor countries (with very corrupt governments)....... around the world and continue funding a WAR with no true END in sight.......and
WE as a nation, are still very obligated and commited to the continuation of fuding a multi-BILLION DOLLAR "War" on Drugs and the BILLIONS more to continue the funding of more prisons, county jails and guarding those nearly 3 MILLION prisoners too........all in spite of the fact that its only a very expensive continuation of the "status quo" and drugs remain readily available EVERYWHERE in America.....after 35 years of "zero tolerance" and its associated CORRUPTION!
Americans HAVE had to take a back seat to these and many other "worthy causes" and massive Government spending / programs for a long time and should be used to it by now.
And.....it NEVER really has mattered IF it was a Republican OR a Democrat in the White House, either, IMO!
Career Senators and Congressmen.....who NEVER accomplish ANYTHING and sit on their lazy ashes...tend to be the BIGGEST problem and the corporations who lobby them......neither of which....truly gives a damn about the average American citizen and haven't in many, many years!
If this 145 BILLION DOLLAR "tax rebate" is anything.......its charity and a desperate measure for this administration to TRY and go out as quietly and with as little resentment as it possibly can by the end of '08....and it too.........is only a VIVID REALITY check......as to just how bad the Federal Chairman and many other economists believe the US to be in DEEP shiit!
A DAY LATE and a DOLLAR SHORT...........and too far gone now!
THIS recession WILL likely be the worst one in decades and last a lot longer, IMO!
So, they can go right ahead and send those rebates....overnight 'em Fed Ex....doubt very many people will complain with a check in the mail from Uncle Sam......or anyone else right now!
But like the old saying goes......."The road to Hell was paved with GOOD intentions."
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