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The $800.00 question ??? is it an answer to what’s ailing our economy?

January 18th, 2008 · No Comments

Bush considering $800 tax rebate to boost US economy

How is $800.00 per family going to prop up our economy?  It sounds totally ludicrous to me.  Don’t get me wrong, its not like I cant use $800.00 (who cant?) but how will my spending $800.00 rebated to me from the  governement, whose financial condition is worse than mine, fix our economy?

Forget an $800.00 tax rebate; government deficits are HUGE.

Of COURSE the idea is that we need to SPEND our way out of our troubles.  Only in America – where we SPEND money in order to save it!  My wife just came into my office this morning to show me a shopping receipt: how much she SAVED by spending.

Something has to be done that has an enduring effect.  I watch the market everyday and its obvious that investor confidence is being shaken.  For me – the $800.00 plan undermines my confidence both in the government and the overall direction of our economy.

Obviously I don’t have the answers – BUT I’M PRETTY GOOD AT ACCENTUATING THE PROBLEMS.

© Randy ”Lazarus” McAtee 

Tags: Politics

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