Comments on: Tax rebate to stimulate the economy…? http://www.sidfaiwu.com/blog/index.php/2008/01/tax-rebate-to-stimulate-the-economy/ Blog Fri, 18 Nov 2011 20:28:59 +0000 hourly 1 http://wordpress.org/?v=3.1 By: Airfare. http://www.sidfaiwu.com/blog/index.php/2008/01/tax-rebate-to-stimulate-the-economy/comment-page-1/#comment-12970 Airfare. Wed, 14 Jan 2009 13:20:56 +0000 http://www.sidfaiwu.com/blog/index.php/tax-rebate-to-stimulate-the-economy/#comment-12970 <strong>Airfare....</strong> International discount airfare. Low price airfare. Airfare. Cheap airfare.... Airfare….

International discount airfare. Low price airfare. Airfare. Cheap airfare….

]]> By: Sawaz http://www.sidfaiwu.com/blog/index.php/2008/01/tax-rebate-to-stimulate-the-economy/comment-page-1/#comment-7379 Sawaz Wed, 01 Oct 2008 02:47:31 +0000 http://www.sidfaiwu.com/blog/index.php/tax-rebate-to-stimulate-the-economy/#comment-7379 Attention American shoppers banks and brokerages have got a trillion dollars worth of garbage which you will be purchasing for full price and the executives who caused it will be walking away with fat severances as if nothing had happened. Stan O'neil who was ceo of merril lynch when it lost 8 billion dollars last year left with a 160 million dollar good- bye present. Anything wrong with this picture? Clean up in aisle 9 it is called the American economy and it has just tipped over and spilled it's derivatives and synthetic money all over but be careful not to touch it because it is toxic to your financial well being. Attention American shoppers banks and brokerages have got a trillion dollars worth of garbage which you will be purchasing for full price and the executives who caused it will be walking away with fat severances as if nothing had happened.
Stan O’neil who was ceo of merril lynch when it lost 8 billion dollars last year left with a 160 million dollar good- bye present.
Anything wrong with this picture?
Clean up in aisle 9 it is called the American economy and it has just tipped over and spilled it’s derivatives and synthetic money all over but be careful not to touch it because it is toxic to your financial well being.

]]> By: Snurp http://www.sidfaiwu.com/blog/index.php/2008/01/tax-rebate-to-stimulate-the-economy/comment-page-1/#comment-7369 Snurp Tue, 30 Sep 2008 19:51:23 +0000 http://www.sidfaiwu.com/blog/index.php/tax-rebate-to-stimulate-the-economy/#comment-7369 <blockquote>The govt wants people to spend money when in actual fact the govt should be encouraging people to save money! Americans have the lower saving rates right now than in many generations certainly since the depression.A negative saving rate is not sustainable big time.Everyone should pretend that they have taken a 10% pay cut and save that difference. If you say that is too difficult well there are lots of people who have taken a pay cut much greater than that like going from auto manufacturing to walmart and are still managing. If America’s well being depends on people blowing a rebate cheque then something has gone drastically wrong.That sounds like kindergarden economics</blockquote> Welcome to consumerism. Please enjoy your shopping.

The govt wants people to spend money when in actual fact the govt should be encouraging people to save money!
Americans have the lower saving rates right now than in many generations certainly since the depression.A negative saving rate is not sustainable big time.Everyone should pretend that they have taken a 10% pay cut and save that difference.
If you say that is too difficult well there are lots of people who have taken a pay cut much greater than that like going from auto manufacturing to walmart and are still managing.
If America’s well being depends on people blowing a rebate cheque then something has gone drastically wrong.That sounds like kindergarden economics

Welcome to consumerism. Please enjoy your shopping.

]]> By: sawaz http://www.sidfaiwu.com/blog/index.php/2008/01/tax-rebate-to-stimulate-the-economy/comment-page-1/#comment-7365 sawaz Tue, 30 Sep 2008 14:09:59 +0000 http://www.sidfaiwu.com/blog/index.php/tax-rebate-to-stimulate-the-economy/#comment-7365 The govt wants people to spend money when in actual fact the govt should be encouraging people to save money! Americans have the lower saving rates right now than in many generations certainly since the depression.A negative saving rate is not sustainable big time.Everyone should pretend that they have taken a 10% pay cut and save that difference. If you say that is too difficult well there are lots of people who have taken a pay cut much greater than that like going from auto manufacturing to walmart and are still managing. If America's well being depends on people blowing a rebate cheque then something has gone drastically wrong.That sounds like kindergarden economics The govt wants people to spend money when in actual fact the govt should be encouraging people to save money!
Americans have the lower saving rates right now than in many generations certainly since the depression.A negative saving rate is not sustainable big time.Everyone should pretend that they have taken a 10% pay cut and save that difference.
If you say that is too difficult well there are lots of people who have taken a pay cut much greater than that like going from auto manufacturing to walmart and are still managing.
If America’s well being depends on people blowing a rebate cheque then something has gone drastically wrong.That sounds like kindergarden economics

]]> By: WP.J. http://www.sidfaiwu.com/blog/index.php/2008/01/tax-rebate-to-stimulate-the-economy/comment-page-1/#comment-7359 WP.J. Tue, 30 Sep 2008 06:39:28 +0000 http://www.sidfaiwu.com/blog/index.php/tax-rebate-to-stimulate-the-economy/#comment-7359 I agree with you on this one. I think the biggest trouble people will have is to save the extra money, rather than using it to curb their spending habits. Easy come - easy go! Not good at all! I agree with you on this one. I think the biggest trouble people will have is to save the extra money, rather than using it to curb their spending habits. Easy come – easy go!

Not good at all!

]]> By: Santini http://www.sidfaiwu.com/blog/index.php/2008/01/tax-rebate-to-stimulate-the-economy/comment-page-1/#comment-530 Santini Sun, 27 Jan 2008 00:53:02 +0000 http://www.sidfaiwu.com/blog/index.php/tax-rebate-to-stimulate-the-economy/#comment-530 Yes having the payments spread out over a period of time is more beneficial. Now whether or not spreading this stimilus over 6 months would change people's spending habits would be decided by each consumer but I do think that it would make more of a difference. And the difference would happen for percisely the reason you stated, it is not as much money as getting $1200. I think what would really be beneficial would be having the extra money for over a year, I know at that point I would adjust my spending at that point. Yes having the payments spread out over a period of time is more beneficial. Now whether or not spreading this stimilus over 6 months would change people’s spending habits would be decided by each consumer but I do think that it would make more of a difference. And the difference would happen for percisely the reason you stated, it is not as much money as getting $1200.

I think what would really be beneficial would be having the extra money for over a year, I know at that point I would adjust my spending at that point.

]]> By: sidfaiwu http://www.sidfaiwu.com/blog/index.php/2008/01/tax-rebate-to-stimulate-the-economy/comment-page-1/#comment-529 sidfaiwu Sat, 26 Jan 2008 16:30:48 +0000 http://www.sidfaiwu.com/blog/index.php/tax-rebate-to-stimulate-the-economy/#comment-529 That's an interesting thought. I'm not sure. I suppose that having repeated payments would at least be more likely to form a spending habit. Santini may have a better answer. That’s an interesting thought. I’m not sure. I suppose that having repeated payments would at least be more likely to form a spending habit. Santini may have a better answer.

]]> By: maxx40 http://www.sidfaiwu.com/blog/index.php/2008/01/tax-rebate-to-stimulate-the-economy/comment-page-1/#comment-527 maxx40 Sat, 26 Jan 2008 03:00:40 +0000 http://www.sidfaiwu.com/blog/index.php/tax-rebate-to-stimulate-the-economy/#comment-527 Since this payment is a onetime thing and most wise people will use it to pay off debt or for savings neither will stimulate the economy. What would happen if the $1200 was sent in six equal payments, maybe every other month? $200 a shot is not a large amount so more people may be likely to stock their groceries, or do shopping for back to school etc..... Just wondering? Since this payment is a onetime thing and most wise people will use it to pay off debt or for savings neither will stimulate the economy. What would happen if the $1200 was sent in six equal payments, maybe every other month? $200 a shot is not a large amount so more people may be likely to stock their groceries, or do shopping for back to school
etc…..

Just wondering?

]]> By: Bunnies4Buddha http://www.sidfaiwu.com/blog/index.php/2008/01/tax-rebate-to-stimulate-the-economy/comment-page-1/#comment-525 Bunnies4Buddha Sat, 26 Jan 2008 00:58:40 +0000 http://www.sidfaiwu.com/blog/index.php/tax-rebate-to-stimulate-the-economy/#comment-525 SHOES! SHOES! SHOES! SHOES! SHOES! SHOES! Okay - not really, I will use my one-time $600 to pay off some debt. Although Sid does really want a Wii :) SHOES! SHOES! SHOES! SHOES! SHOES! SHOES!

Okay – not really, I will use my one-time $600 to pay off some debt. Although Sid does really want a Wii :)

]]> By: Santini http://www.sidfaiwu.com/blog/index.php/2008/01/tax-rebate-to-stimulate-the-economy/comment-page-1/#comment-523 Santini Fri, 25 Jan 2008 23:11:31 +0000 http://www.sidfaiwu.com/blog/index.php/tax-rebate-to-stimulate-the-economy/#comment-523 Bridget you are so completely right on with your two observations. First, most of America won't have the same spending habits that the loyal readers of this site have. We are more apt to use the money <i>wisely</i> and either save it or pay off some bills. I am sure there is a large section of American's that will jump right out to the bar and blow the $600 dollars in a weekend or whittle it away in some similar sort of fashion. And that observation leads directly to your other point or observation, which is that the stimulus is merely an artificial <i>solution</i>; meaning it is not a solution at all. In the short, <i>short</i> run it may inject some cash-flow into the economy; however, it will not be a continious increase in spending. It is a quick bump of cash influx that will quickly disapate because a one time rebate will not allow for a person to adjust their long term spending plans and create a postive cash flow into the economy over a much needed extended time period. That being said, and now working off of Sid's point, this is not meant to be a jab at Bush per se but at all politicians. They use these moments, when people are seeking answers and actions, to manipulate the masses and make them think they are doing something good. It is sad because people will say that Bush (or any President who would propose such a plan) is so smart or did something great when in fact it could make things worse off. I say it could make things worse off because the stimulus package is meant to help the struggling economy. The way that we measure whether or not the economy is growing by measuring GDP. So an important question to ask is what makes up GDP and what factors will make GDP increase. I think you all will see the irony in the stimulus package that is estimated to cost the government $150 billion, when you see the components of GDP...and GDP is Consumption + Expenditures + <b>Government Spending</b> + Net Exports Yes that is right Government Spending is part of GDP, so in the end will it really work as a stimulus?? Doesn't look like it. But please remember I am purely talking about the consumer side of the package and not any thing else that is involved, I plan on posting on that later! Bridget you are so completely right on with your two observations. First, most of America won’t have the same spending habits that the loyal readers of this site have. We are more apt to use the money wisely and either save it or pay off some bills. I am sure there is a large section of American’s that will jump right out to the bar and blow the $600 dollars in a weekend or whittle it away in some similar sort of fashion.

And that observation leads directly to your other point or observation, which is that the stimulus is merely an artificial solution; meaning it is not a solution at all. In the short, short run it may inject some cash-flow into the economy; however, it will not be a continious increase in spending. It is a quick bump of cash influx that will quickly disapate because a one time rebate will not allow for a person to adjust their long term spending plans and create a postive cash flow into the economy over a much needed extended time period.

That being said, and now working off of Sid’s point, this is not meant to be a jab at Bush per se but at all politicians. They use these moments, when people are seeking answers and actions, to manipulate the masses and make them think they are doing something good. It is sad because people will say that Bush (or any President who would propose such a plan) is so smart or did something great when in fact it could make things worse off.

I say it could make things worse off because the stimulus package is meant to help the struggling economy. The way that we measure whether or not the economy is growing by measuring GDP. So an important question to ask is what makes up GDP and what factors will make GDP increase. I think you all will see the irony in the stimulus package that is estimated to cost the government $150 billion, when you see the components of GDP…and GDP is Consumption + Expenditures + Government Spending + Net Exports

Yes that is right Government Spending is part of GDP, so in the end will it really work as a stimulus?? Doesn’t look like it.

But please remember I am purely talking about the consumer side of the package and not any thing else that is involved, I plan on posting on that later!

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