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To: koan who wrote (90439)	11/18/2008 5:33:31 PM
From: roguedolphin	Read Replies (2) \| Respond to of 116555

<<"Consumers are not on strike, they are broke and fearful of the future.">>> Much of the entire worlds savings has been lost or evaporated in the collapse of the worldwide credit bubble... ...there's not enough savings left on the planet after the historic collapse to legitimately fund all the proposed stimulus measures around the world. So now what?????

To: koan who wrote (90439)	11/19/2008 7:20:15 AM
From: Dan3	3 Recommendations Read Replies (2) \| Respond to of 116555

Re: Consumers are not on strike, they are broke and fearful of the future. Which is why we need (something like) a FICA tax retroactive holiday. It puts a big wad of cash in the pockets of business and consumers in proportion the degree to which they were (supposedly) productive workers or employers. The ongoing tax holiday will act to improve consumers confidence and lower costs for businesses, particularly job creating businesses. It is somewhat fair, at least, and could be implemented very quickly. The whole "liquidity" thing is nonsense - the problem isn't that people (and businesses) need to borrow even more...