Thursday, January 24, 2008

Cash back from the government

Check this out, $600 cash back: http://www.cnn.com/2008/POLITICS/01/24/economic.stimulus/index.html?eref=rss_topstories.

Dow Jones fall! Weak Dollar! Recession! All the scary news. Here is how the government decided to counter that: give you $ back.

Waita minute, how come you collect that much $ in the first place? We give 30+% in tax. $600 is a SMALL refund. Rather than taking so much $ away from us, how about simply not collecting as much in the first place. Look at the hassle: print out all the checks, mail it (and it costs $), and people will simply save it up to pay back to Uncle Sam later anyway.

$600. You think everyone will spend it and that stimulates economy? I doubt so.


Speaking a few minutes later at the White House, President Bush said the package will "boost our economy and encourage job creation."


Just how in the world that $600 can create job?
Look, the manufacturing jobs are all in Mexico and in China. Computer jobs are going to India.

Just what is left in this country?
Money hungry health professionals waiting you to eventually get sick and then suck you dry, and money hungry insurance who collect your money but won't pay when you need them.

Ancient proverb: give person a fish, he has a meal. teach him how to fish, you get a self sufficient person.

This $600 is just a piece of fish. We need a strong economy where there are jobs.

3 comments:

Alex Mak said...

$600 is better than nothing. It serves as a little bit of relief.

I think I would go get myself a Nintendo Wii given a few hundred dollars.

This cash back thing is a gesture, there are deep economic problems. The stocks will make a come back as they always do.

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behappy said...

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