Explain why you think Bush's Plan is not full of Sh*t.
Most of the dividends go to IRA so what will that do?
Much of the rest goes to extremely wealthy individuals (Gates, Charles schwab, etc) that will make out like bandits.
Tell me what will this do to the pricing of municipal bonds?
Hint: borrowing costs are likely to be higher for cities and states.
What does any of this have to do with jobs?
What is the cost?
What is the Benefit?
ZERO this year (might not get passed)
More than likely ZERO or close to it, for something close to forever (or until that stimulus is no longer needed).
I think his plan is huge pile of smelly but costly sh*t.
It was an obvious attempt to booster the stock matket, and it has already warn off IMO.
But that is my view.
Obviously you think this plan is something special, so tell us how this is going to stimulate the economy. 14 frigging rate cuts could not stimulate the economy sufficiently. Why is this garbage going to do it, when consumers are teetering over a grand canyon of debt and jobs being lost left and right to China, and companies reluctant to expand (rightly so) because of massive overcapacity.
Greenspand and Bush have been reckless with monetary expansion on a wing and a prayer that consumers could keep the economy going until business expansion kicked back in. Now we have massive debt at the state, federal, personal, and corporate levels, enormous balance of trade issues, consumers who are all abut tapped out (and retail sales show it), and we still have mammoth overcapacity in autos, fiber, PCs, phones, etc etc etc.
Tell me how in H a dividend cut fixes ANY of those problems.
Heck, tell me how it fixes 2 of them.
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