Tuesday, December 30, 2008

And now Axelrod appears to be a proponent of what I think is the dumbest way of trying to provide economic relief. One-time cash payouts do not promote a healthy economy; they don't jump-start anything. First of all, this money only goes to those working already. Unemployment needs to be directly addressed by any stimulus option. Infrastructure investment addresses unemployment by creating new jobs and making sure that existing jobs don't disappear. Handouts help noone, and Bush proved that earlier this year. Sure, I'd love th money, but I don't think it's a good idea. People will do what they did with it last time: Bank it, or pay down their debt with it. While I think that paying down debt could theoretically help to stimulate the economy, in actuality the money appears to vanish into the same money hole that the bank bailout money has disappeared into. This money is better spent as use-it-or-lose-it pork, given to state governments with a mandate to spend. 

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