[Grovenet] just curious

[Katie Allnutt]

The idea has been proposed and they are 'thinking' about it.  It may  
happen and then again it may not.  As to how much it will be that  
depends on who writes the legislation.  And we (as in grovenuts) may  
not get any.
The stimulus is theoretically designed to be spent so it will  
stimulate the economy.  With the last one, a lot of people paid off  
debt, which didn't increase demand, or was saved for a rainy day,  
which also did not increase demand.
The talk that I have heard is that, if there is a next one, they will  
target it to people who will absolutely spend it on stuff. Like the  
unemployed who are having troubles eating and paying for home  
heating.  They will go out and buy groceries and heating oil.
Or they might target it to businesses that want to expand and buy  
equipment, thus making it easier to buy big pieces of equipment.

In either case, don't hold your breath. But the idea of going out and  
buying a computer may be close to what will happen.  With digital TV  
coming down the road, they may send out a check either before  
Christmas or before the Feb conversion date, hoping that people will  
go out and buy new TVs so they don't scream when they realize they  
can't get TV any more and they didn't buy a converter box (or can't  
figure out how to connect it).

My objection to the TV idea is that TV's are not made in the USA for  
the most part and the stimulus would just boost our trade deficit.

Katie

On Oct 21, 2008, at 11:37 AM, Alan Domenghini aka an OleHoss wrote:

> does anyone have any idea why the government is going to give us  
> another
> stimulus check, and how much it will be this time?
>
> ~alan~
>
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