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AMZN 230.27-0.6%3:59 PM EST
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To: Alomex who wrote (148718)10/14/2002 12:00:06 PM
From: Victor Lazlo  Read Replies (1) of 164684
 
<<Studies have shown (including some from conservative think tanks) that poor people tend to spend their money right away, while rich people, having so much of it, tend to hoard it.

Hence a fiscal stimulus has a bigger impact if directed to poor and middle class people. >>

We're in a cyclical econ downtrend. giving people enough "to buy a pizza," as the liberals used to call it, wont help now. The point is consumer spending is not the problem. Business spending is.

Sometimes these cycles just have to be ridden out.
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