AP: Stimulus plan no quick fix for economy
http://news.yahoo.com/s/ap/20090125/ap_on_go_pr_wh/obama_economy
Here's a little tip for ya, if it's not immediate, it's NOT a stimulus plan, it's a spending plan.
The only sure way to stimulate the economy and immediately give people more wealth is to let them keep more of what they already earn.
That's called a tax cut.
Spending is what happens when the government either collects money from taxation, pays a bunch of bureaucrats, then doles out what's left, or they simply print more money and spend that. Which do you think is the sounder way to go in today's financial world?
That $825 billion dollar "recovery package" is 2/3 spending and 1/3 tax breaks, with a tax increase tacked on at the end of next year (2010). Doesn't seem like that's going to work out too well.
Oh and incidently, that $825 billion, it adds up to $6,720 per US HOUSEHOLD. Imagine what you could do for yourself and your family if they just cut you a check for that amount and skipped all the rigermarole.