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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Bread Upon The Water who wrote (102304)	1/29/2009 12:12:27 AM
From: cosmicforce	Read Replies (1) \| Respond to of 542024

We may not have time for debate - I don't want to be alarmist, but I think the sh_t is in the process of hitting the fan. The reason tax cuts won't work is that even if they went to zero tax, it would take 52 weeks for it to completely enter the economy. The velocity of money has to be increased QUICKLY and anything that we spend this year, should be spent ASAP if we want maximum leverage. My conjecture is that if I give you $1000 today, you feel richer and start to spend. If I give you $3 / day for a year, even though it is technically MORE money, you treat it like far, far less. Emergency action is what is required - light the fuse. I told my wife that if they want to help the job creating companies, give everyone up to 10% or $1000 if they buy any qualifying product (newly manufactured) with more than 50% American labor content. Politically, though, this means that Toyota might be the largest corporate recipient and people would have a fit over that.