« Previous |
Main
| Next »
January 21, 2008 Shot in the arm.
Last Friday, January 18, President Bush announced a preliminary plan to offer Americans $150 billion in tax relief to prevent the economy from sliding into a recession. While economists seem be in consensus that a quick capital injection into the economy will increase spending and hold recession at bay, temporarily; the debate is focused on what form this capital injection should take. The choices include unemployment insurance benefit increases, increased food stamp funding, individual tax cuts, business tax breaks and increased federal housing subsidies. Of course all of these have the pitfalls. In my opinion, what's most important is that a large portion of the capital injection go to those who are having to choose between heating their home, or feeding their family; otherwise, we'll likely see a spike in plasma television sales, or maybe an increase in the savings rate?
TrackBack URL for this entry:
http://www.quistvaluation.com/mt/mt-tb.cgi/113
