Jeremy
U.S. Economic Stimulus Plan Question/Answer
by
on 02-10-2009 at 04:03 PM (987 Views)
On this glorious day when the government has debated pissing away another $838+ BILLION dollars, the U.S. stock market plunged 4.6%. I see this stimulus is going to go real well for these guys in Washington.
Most people can't even wrap their heads around 1 billion dollars, let alone $838 Billion. This should put things into better perspective for you.
http://www.youtube.com/watch?v=um0guhNGPPM
It is comical to me that households are struggling to stay afloat in the U.S., but the majority of this money is going to the banks and the idiots who created this mess.
Trust me, I sold real estate in the good times. I remember selling $500K homes to people on 3-1 arms at 3.9% who had a household income of <$100K. But hey, the government wanted everyone to live the American dream.
But in the event you as a taxpayer get to bask in the glorious windfall called the stimulus, here is some advice.
Q. What is an Economic Stimulus Payment?
A. It is money that the federal government will send to taxpayers or credit back in tax breaks.
Q. Where will the government get this money?
A. From taxpayers.
Q. So the government is giving me back my own money?
A. Only a smidgen.
Q. What is the purpose of this payment or credit?
A. The plan is that you will use the additional money to purchase a high-definition TV set, thus stimulating the economy.
Q. But isn't that stimulating the economy of China?
A. Shut up.
Below is some helpful advice on how to best help the US economy by spending your new found tax breaks or stimulus windfall wisely, oh wait, only the banks who created this mess will be getting the funds.
- If you spend that money at Wal-Mart, all the money will go to China .
- If you spend it on gasoline it will go to the Middle East.
- If you purchase a computer it will go to India.
- If you purchase fruit and vegetables it will go to Mexico , Honduras , and Guatemala (unless you buy organic).
- If you buy a "quality" car it will go to Japan.
- If you purchase useless crap it will go to Taiwan.
- And none of it will help the American economy.
So enjoy your stimulus payment and keep it here in the USA, hope you like beer and baseball!
- We need to keep that money here in America. You can keep the money in America by spending it at yard sales, going to a baseball game, or spending it on prostitutes, beer (domestic only), or tattoos, since those are the only businesses still in the US.
Feel free to debate this here. And oh yea, feel free to drink more of the Kool Aid.
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