Comments on: The 2008 Economic Stimulus Package http://www.daxdesai.com/2008/01/29/the-2008-economic-stimulus-package/ High Return Investing with Dax Fri, 18 Dec 2009 10:01:37 +0000 http://wordpress.org/?v=2.9 hourly 1 By: Dax Desai http://www.daxdesai.com/2008/01/29/the-2008-economic-stimulus-package/comment-page-1/#comment-6788 Dax Desai Wed, 30 Jan 2008 16:57:48 +0000 http://www.daxdesai.com/2008/01/29/the-2008-economic-stimulus-package/#comment-6788 Matt - Amen Brother! I'm fuming thinking about the inflationary effects this is going to stoke. I'm going to post on it, but once I cool down a little. That idea about the debit cards is definitely interesting. Maybe then I'd go buy that Plasma I've had my eye on forever, but then that would go 20% to some U.S. distributor and 80% to China. Maybe we should push to heat up the Chinese economy and hope for a spillover effect over here? Now there's creative capitalism. It is equally irresponsible as what we're doing right now. Matt – Amen Brother! I’m fuming thinking about the inflationary effects this is going to stoke. I’m going to post on it, but once I cool down a little. That idea about the debit cards is definitely interesting. Maybe then I’d go buy that Plasma I’ve had my eye on forever, but then that would go 20% to some U.S. distributor and 80% to China. Maybe we should push to heat up the Chinese economy and hope for a spillover effect over here? Now there’s creative capitalism. It is equally irresponsible as what we’re doing right now.

]]> By: Matt Ellsworth http://www.daxdesai.com/2008/01/29/the-2008-economic-stimulus-package/comment-page-1/#comment-6786 Matt Ellsworth Wed, 30 Jan 2008 16:06:40 +0000 http://www.daxdesai.com/2008/01/29/the-2008-economic-stimulus-package/#comment-6786 I heard about this the other day and i'm not in anyway in support of it. if they want to stimulate the economy and help out business then why not just send the check to the business? If they want to make sure the money gets spent - send out pre-loaded debit cards not checks. You can't use those for anything else... All in all - this is just going to increase our inflation and devalue the dollar even further. I heard about this the other day and i’m not in anyway in support of it. if they want to stimulate the economy and help out business then why not just send the check to the business? If they want to make sure the money gets spent – send out pre-loaded debit cards not checks. You can’t use those for anything else…

All in all – this is just going to increase our inflation and devalue the dollar even further.

]]> By: Thiseye http://www.daxdesai.com/2008/01/29/the-2008-economic-stimulus-package/comment-page-1/#comment-6767 Thiseye Wed, 30 Jan 2008 01:06:13 +0000 http://www.daxdesai.com/2008/01/29/the-2008-economic-stimulus-package/#comment-6767 Personally, I've never liked these types of policies. I always get the impression that they're developed and supported by politicians who don't know the first thing about economics but think it's a good idea because A) it sounds good, and B) it'll get them votes. As an aside, one of my favorite Bush quotes is: "I think I got a B in Econ 101. I got an A, however, in keeping taxes low..." The fact that Bernanke is actually supporting this makes me feel a little better about it, but I'm still not sold on this plan nor our Fed chief. Btw, I am getting $600. Personally, I’ve never liked these types of policies. I always get the impression that they’re developed and supported by politicians who don’t know the first thing about economics but think it’s a good idea because A) it sounds good, and B) it’ll get them votes. As an aside, one of my favorite Bush quotes is: “I think I got a B in Econ 101. I got an A, however, in keeping taxes low…”

The fact that Bernanke is actually supporting this makes me feel a little better about it, but I’m still not sold on this plan nor our Fed chief. Btw, I am getting $600.

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