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economics

I remember my economics class in 12th grade. I remember how passionate my teacher was. This wasn’t just a job for him, it was his belief. He taught us about depressions, recessions, the difference of the two and the causes. I should’ve paid attention. I didn’t realize at that time he was not teaching us a subject in school he was teaching us about life. I had a conversation with my husband earlier, we were talking about the refund that president Bush approved for us. I said to him, I don’t understand, he is giving us this money to boost the economy but doesn’t this money just go back to the same place it came from? So why not just keep it? There was something totally wrong with what I just said and though my husband was trying to explain it to me, I just didn’t get it. The money is the same. There is the same amount of my in this country. The only thing that changes is who possesses it. Right? I am totally clueless on this subject and I could just picture my teacher with his disapproving eyes. No wonder I got a C in his class. I always blamed it on favortism, but now I see what he sees… a totally clueless, yet hard working student that just didn’t get it. At least he gave me credit for trying.

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Topics: money
posted by SocialDrinker on Wednesday, May 7, 2008 at 11:35 AM
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posted by Twinkie on May 7, 2008 at 08:25 PM

I don't understand it either. We are in debt as a country so let's see. I know what will makes sense. Let's give a fake refund to our constituents that will cost the government a gazillion dollars to organize and approve and issue out so that there will be a TINY increase in the economy for about a millisecond.

Yeah! That makes sense, right? NOT.

It's kinda like when I'm broke and depressed so I take my credit card and buy myself something nice. It makes me happy for about a SPLIT second. But I'm debt for a few months. And I don't just get to pay the dress back, I get to pay the INTEREST too.

It's an artificial and VERY TEMPORARY fix !

Do you know what I'm doing with my "stimulus check?" I'm paying my federal income taxes. Hmmm maybe the government DOES know what it's doing after all. hhahahahaha

posted by XxLuckyMexX on May 9, 2008 at 10:13 AM

That money will boost the economy a bit, but it will not do miracles.  You are right Socialdrinker it only changes who posseses the money and that is your answer to your question.  It some way it will help small bussinesses, corporations and us.  Right now with the crisis we are careful on what we spend our money on and with the stimulus check the government is hoping for us to blow off the check in which they are right most of us will, right?  By us spending that money it will create more jobs and more jobs more money to circle around.  Does it make sense? haha not really, huh? Well I tried.

 

--Dion

posted by SocialDrinker on May 9, 2008 at 11:11 AM

lets show the government we are wiser than they take us for, lets all SAVE our money!  Ha, even I already spent mine and i havent even gotten it yet! well I hope my money created more jobs and boosted something, even if it was only the bartender!

posted by XxLuckyMexX on May 9, 2008 at 11:36 AM

At least you are keeping the bartender happy :-)

posted by Joe on May 12, 2008 at 06:19 PM

 You know, I, like some of you, am lost as to how, the goverment, giving us $600.00 per citizen, will affect the economy.  I'm figuring if we spend it on stores where we are charged taxes, part of the taxes will be returned to the government.  I mean, as if I didn't pay enough taxes as it is now.  I don't believe $600.00 will make such a big dent in anyone's pocket.

I believe that if the government wanted to help the economy, they would, like I've always said.....Bring the troops home!  The Billions of dollars they are spending in Iraq and Afganistan could be better spent at home in fixing the U.S. economy.  With that said, there would be more jobs for everyone and homeowners wouldn't have to lose their jobs through foreclosures.  Gasoline and Diesel prices would also be under control and we won't have to spend the majority of our pay check on gasoline.

One of the reasons the prices on everything is going sky high, is because of Bushe's War.  One thing that the war is causing is more disabled veterans which the government soon forgets.  Look at all those disabled Viet Nam veterans.....resorting to begging in the streets.   Yeah, they are proud to have fought in the war for our freedom (at least someone's freedom).  I just can't imagine me coming home from the war without any legs or arms.  It is very sad.  Very sad indeed.

posted by SocialDrinker on May 12, 2008 at 08:19 PM

What I also think is terrible is the fact that a football player makes more money than the veterans sacrificing their lives for us.  I agree with you Joe, I also believe that before we can fix any other country we must first fix our own.

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