How will the tax rebates and reducing the interest rates help?
How will the tax rebates and reducing the interest rates help?
How will tax rebates work when the US will borrow the money from China at 11% interest and give it to Americans to purchase products built in China?How will reducing interest rates help the people who have been doing the right thing by saving their money?Reducing interest rates just helps out the banks who tried to rip off these people with loans they couldn't afford in the first place.I can't say I have the answers to the economy buy I feel these fixes will do nothing but make it worse.
Answers:
Guitar guy: I agree.
But hey, America wanted Bush. He was so "likable" while Al Gore was so "boring". America is paying the price now.
You'd think Americans would learn to choose candidates based on their platforms and political records, rather than the likability of their personalities, but I dont think Americans have learned a thing. I keep hearing people say they wont vote for Hillary because she's "Power hungry" or "a bitch". What an intellectual critique! LOL
2008-01-30 18:05:20
2008-01-30 18:05:20
Chosen Answer
Serge M: The effects are actually very complex. In a recession, it is normal for the government to go into debt to stimulate the economy, as long as they make it up when things get better. Unfortunately, Bush has gone into debt during good times also, I can't say that he has done us much good with any of his policies. The idea is to get people to spend the money. That increases jobs. Reducing interest rates makes it easier for people to pay their debts. Fewer bankruptcies and foreclosures. The complexity of our having a huge trade deficit and huge national debt are too great to discuss here in a small space. The stimulus may help if it comes soon enough. If it comes too late it may have just the opposite effect. Government is not known for doing things in a timely manner.
2008-01-30 18:09:14
Serge M: The effects are actually very complex. In a recession, it is normal for the government to go into debt to stimulate the economy, as long as they make it up when things get better. Unfortunately, Bush has gone into debt during good times also, I can't say that he has done us much good with any of his policies. The idea is to get people to spend the money. That increases jobs. Reducing interest rates makes it easier for people to pay their debts. Fewer bankruptcies and foreclosures. The complexity of our having a huge trade deficit and huge national debt are too great to discuss here in a small space. The stimulus may help if it comes soon enough. If it comes too late it may have just the opposite effect. Government is not known for doing things in a timely manner.
2008-01-30 18:09:14