“President Bush on Friday embraced as much as $150 billion in tax relief, most of it for individuals, to jump-start the economy. He said the country would be “just fine” if Congress passes the stimulus.”
http://www.msnbc.msn.com/id/22736133/
According to the article, most people will pay a late bill, put it aside to pay for gas, or save it for the month they can’t pay something. There were a few quoted saying they would go buy something big, but that’s a 1 time deal. Just how would this stimulate the economy?
How is the country going to be “just fine” with what he’s proposing? $1600.00 for a married couple. Oh yeah, that’s gonna fix it all.
The Democrats are almost as bad. They want to extend Welfare. Extend food stamps. For what? I believe there are so many people on those rolls that have the capability of getting off their rears, getting a job of some sort, & trying to help themselves. But, these are the same people that cause people like me to be insurance poor. So I don’t see that happening either.
People aren’t spending money on plumbing unless it’s an emergency. I’m really glad 90% of our business is commercial service. We have the work. And since the major cause of the problems with the drain stoppages, breakage, or the fish systems, are people, I don’t see this slowing like the residential has. Because it has. Which doesn’t bother me a whole lot. Because I don’t have to have the lawyers send collection letters to the commercial accounts. It’s the residential accounts where a company will take it in the shorts.
So if Bush thinks that a $1600.00 1 time bonanza is going to kick start the economy, he really needs to take a walk into reality. But he won’t. How about doing something to cut the profit of the oil countries, oil companies, drug companies, any of the companies that have seen huge gains, while 80% of this country struggles just to try to make ends meet? He won’t do that either. That would irritate his friends, & be shooting himself in the foot.
Oh, for the want of my own personal island.
How does hurting companies improve the economy?
Instead of putting the massive profits into the hands of a select few, lower the cost of the gallon of gas, the prescriptions, or whatever, will help the general population. Instead of the few who don’t need it.
Get ready for lines at the gas stations then. And kiss new medicines goodbye!
Correct me if I misunderstand, but are you saying that if the huge profits are taken from the executives of the oil industries, or the drug companies, & are instead funneled back into drug research, or oil exploration, or a search for an easily renewable fuel, or back into the product itself to make the final cost lower, we’ll have the lines at the pumps like the 70’s, & there’ll be no more new drugs?
Yes. Lowering the cost of gas, as you proposed in comment 2, is the worst thing we can do right now. It needs to remain high so that people will start looking for other fuels and get us off oil. Freeze the price of gas at $2.00 a gallon and you’ll look like a hero, but every alternative fuels project in the country will come to a screeching halt because they’ll know they can’t beat that price. And on top of that, the oil producing countries will just laugh at us as they continue to sell $90 a barrel oil to Europe, China, Japan and India and we try to figure out how to make $2.00 a gallon gas out of $90 a barrel oil.
And all the Americans who really know how to run an oil company will tell the government what to do with their higher tax rates and retire young in low-tax countries with warm beaches.