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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: energyplay who wrote (32342)4/24/2003 8:04:10 PM
From: RealMuLan  Read Replies (3) of 74559
 
>>The Bush team will have some sort of stimulus proposal or additional tax cut or subsidy every month once we are in 2004.<<

The point is that Bush tax cut plan is not for stimulus of the US economy, it is for the rich to get richer, period. I think most of honest economists already agree that Bush tax cut will have NO major stimulus effect on US economy in short term (say the next 12-18 months). The reason is that for the regular people, the average benefit of no tax on dividend would be <$500, or most of them only get <$250, and for the rich people who benefit 5-6 figures from it, they already can afford everything they want, so even if they get more money back, they would not spend them back to the economy.

It is also highly unlikely that they are going to invest them. The industrial capacity now in the US is something like 75% or even lower. So why would companies want to build more just let them sit there? This over-capacity problem in the US may have to take another 4-5 years to be sorted out.

And other problems, like exporting the US jobs, the worst budget deficit since WWII in almost all state govs... The list can go on and on. The US economy will not likely go anywhere before these problems get solved.
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