The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: bentway who wrote (273677)	9/6/2010 3:32:31 PM
From: neolib	Read Replies (1) of 306849

The problem with that approach (i.e. the first attempt by Bush to deal with stimulus, mail everyone a check) is that two things happened with the money given directly back to the tax payers: 1) It went to pay down debt. 2) It went to China for purchases at WalMart. Neither helps stimulate the economy in the near term. It does not matter which accounting bin they claim to take the money from, FICA, income tax, etc, other than it may have some impact on the target source in addition to the target destination. They can get if from Ben & the Fed as well. In the end, its all Federal debt, to be paid back in the future. My complaint is with the poor ROI we are getting out of the targets. There is clearly a significant problem, in that many near term "shovel ready" targets give very poor ROI, while many of the potential projects which could give good ROI, are very poorly suited for near term spending. All the more reason for the academics in economics to have thought this out ahead of time, so we had a reasonable subchapter in Keynesian economics on what types of deficit spending are the best types. To lack that field of knowledge is a major hole in the theory.

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