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#35465 - 02/01/08 03:40 PM Spend Spend Spend
d-elvis Offline
Carpal Tunnel

Registered: 04/26/00
Posts: 3650
Loc: Central PA
What are YOU going to do with your economic stimulus money?

Me? Cigarettes, lottery tickets and a case of Boones Farm!
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#35466 - 02/01/08 03:57 PM Re: Spend Spend Spend [Re: d-elvis]
mworking Offline
old hand

Registered: 05/26/04
Posts: 761
It will be sucked away by the whirlpool that exacts rest of our cash and we’ll barely notice.
Yeah that’s going to stimulate the economy.

If it mattered we’d spend it on food, fuel or housing.

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#35467 - 02/01/08 04:08 PM Re: Spend Spend Spend [Re: mworking]
oenophore Offline
Carpal Tunnel

Registered: 09/24/01
Posts: 5719
Loc: 212 land
Many will use it to buy Made in China goods. Much of the increased federal debt for this folly is also headed there.
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#35485 - 02/01/08 07:22 PM Re: Spend Spend Spend [Re: d-elvis]
quanto_the_mad Offline
Carpal Tunnel

Registered: 05/14/02
Posts: 2606
Loc: brooklyn
Who's getting a rebate check?
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#35487 - 02/01/08 08:32 PM Re: Spend Spend Spend [Re: d-elvis]
RAF Offline
site supporter

Registered: 04/12/02
Posts: 793
Loc: Colorado (!)
It's sorta interesting that this administration is opting for a mix of their normal supply-side approach (e.g., corporate tax breaks in the hope that will stimulate companies to hire people) (it works a little, but it's never close to 1-1) with a demand-side program, i.e., checks for slobs like me!

Spending your check puts money in other people's pockets, who in turn spend it and therefore put it in other people's pockets... The rule of thumb is there is a factor five multiplier throughout the economy for a stimulus like that.

I think they want us to buy "consumer durables" like refrigerators, but I already have one. I think cams qualify as a consumer durable. Let the good times roll!

Financial planning experts advise that you should use the windfall to pay down credit card balances before doing any new spending.

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#35488 - 02/01/08 09:54 PM Re: Spend Spend Spend [Re: RAF]
empicard Offline
Carpal Tunnel

Registered: 08/29/01
Posts: 2941
Loc: LI, NY
yea, and maybe make that looming past due mortgage payment.
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#35507 - 02/04/08 10:25 PM Re: Spend Spend Spend [Re: RAF]
oenophore Offline
Carpal Tunnel

Registered: 09/24/01
Posts: 5719
Loc: 212 land

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#35514 - 02/06/08 12:57 AM Re: Spend Spend Spend [Re: oenophore]
Mim Offline
old hand

Registered: 01/27/00
Posts: 948
Loc: Gunks
This TIME magazine article sums it up...
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#35578 - 02/13/08 07:53 PM Re: Spend Spend Spend [Re: Mim]
acdnyc Offline
member

Registered: 11/10/04
Posts: 199
Loc: NYC/Kerhonkson
Buy more ice screws and picks for my axes. All mine are dull from the thin ice.
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