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With extra pay from stimulus, 13 things for $13
Lancaster New Era
Feb 18, 2009 10:54 EST
Lancaster
By CINDY STAUFFER, Staff Writer

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QUOTE (area man @ Feb 18 2009, 02:19 PM)
This article is a joke, right? Because the whole $13 certainly is.


Don't want it? Give it to me. For the sake of convenience, you can write me a $52.00 check at the end of each month. Thank you.
thirty-five
QUOTE (bihfan @ Feb 18 2009, 01:55 PM)
Please- after inflation kicks in you'll be in the hole even more, so you won't be able to save a penny of it. That $13 ought to get you about 3 or 4 gallons of gas this summer. And to those that say it will take a while to get better, there is no guarantee that it will EVER get better.
Well I disagree with the never get better statement. It will, in time.
Everything else is right on.
QUOTE (Jake-9 @ Feb 18 2009, 02:15 PM)
The bailouts and packages might not be the best solution, but what other option was there?
To tell the banks to figure it out themselves. To tell the big three (no longer, I guess they're the mismanaged three) to get bent.

QUOTE (Jake-9 @ Feb 18 2009, 02:15 PM)
What would the consequences have been if the banks failed? What will the consequences be when the motor companies fail?
The banks would not fail. The banks would do something. We gave them a shitload of money and they did something, they went to insane resorts and had a party. If we gave them nothing, they'd liquidate some assets like all the houses they forclosed on.

In my wildest dreams, Ford would go up in smoke. GM would straighten out it's act and Chrysler would get bought out by GM and the brands would be dissolved.
If real life, Ford would survive on the massive sum of cash they're sitting on. Chrysler would get some sucker to buy them and GM would go up in smoke. Toyota or perhaps Honda would buy all GM assests at a very low percentage on the dollar, hire a lot of the GM workers and everything would be dandy.
Business is like nature. You can mess with it all you like, but the fact of the matter is quite simply, you can't stop the tornado or wildfire. At best you can avoid it and maybe delay it, but it will still burn.

Oh, and that Tokay gecko is gonna cost you $300 to set up a small habitat for him. The light bulbs you need to replace every six months run about $40 each.
solitary
No energy policy gave us the gas crisis. Government "fairness" directives precipitated the irresponsible lending. We have elected a wet-behind-the-ears Chicago lawyer and expect finanacial brilliance. This is the biggest spending bill in history. A decent tax cut would have stimulated the economy. Hope? Change? Help!

rogueGOP
QUOTE (Jake-9 @ Feb 18 2009, 02:15 PM)
True, but if you just sit around and do nothing it will definitely not get better. If you sit around saying it will never get better, it will never get better. While the $13 might not be a vast amount, it's money that you wouldn't have to begin with. It may seem like $52 a month is an insignificant amount, but to the majority of the people at the lower end of the pay scale it is a significant amount.


The people 'at the lower end of the pay scale' do not have tax liability and will therefore have a zero net gain from this. The money may hit throughout the year but will come out of there end of year return handouts credits.

As a result of the stimulus, Walmart has boosted its quarterly projections as they expect consumers to spend more ($13/week), most likely on cheap foreign made electronics and non-essentials. As I said in another thread awhile back, as with last years stimulus checks, the only retail winner in this stimulus is Walmart.

QUOTE
The bailouts and packages might not be the best solution, but what other option was there? What would the consequences have been if the banks failed? What will the consequences be when the motor companies fail? It's not just a hand full of jobs that will be lost, it will be millions of jobs and economic disaster. Once the first domino falls, it's only a matter of time before one down the line gets pushed over. So what do you do...sit back and let everything fall apart? Or dump truck loads of money into something in hopes it might get better? Really when you're on the verge of falling off a cliff, what do you have to loose by trying to stay on top for a while?


Some things should be allowed to fail. We are merely slapping a band-aid on the inevitable... many of the recipients are still terminal.
area man
what he said.
solitary
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