What's your $300.00 * going to?

(* per heartbeat living in your house)
As for me, a 70m. rope and some hangers.

Now I'm real shitty at economics, but this whole deal has me extremely concerned. As an analogy, isn't it like your dad comes home one day and announces he's taking a huge pay cut at his job (which, bizarrely, seems to be to spend money as fast as possible), so to make up for it he's gone out and obtained a fresh credit card for everyone in the family.

Doesn't this stunt highlight that if we ever quit spending beyond our income that we might enter a depression?

This seems very much like something Hugo Chavez would do, only he has oil money to do it with.

Why don't they just send us all an assortment of gift cards instead of cash? The Chinese are either extremely happy or totally freaked out by how much money they've already lent us. Do you think its time to jump on the doomsday bandwagon?

last i heard it was $600.00 per individual filing under $75,000 AGI and $1,200.00 for couples filing jointly.

so now you can add a set of cams to the wish list!

Since I am just a stooge in the middle like most of us, I'm giving my $300 to my health insurance company, so they can provide me with superior benefits and service until I actually need them. Blue Cross Blue Shield my ass. How about Blue Dagger right through my pocket book and heart. Pay us this amount of money every month or...if something should medically happen to you or your family we will finacially crush you and reduce you to bankruptcy.

I'm buying a one-way ticket to France.

And you can keep your freedom fries.

Mike Lane wrote:(* per heartbeat living in your house)

Hmm, so if I have 2 dogs, I get more money?

Sounds to me like a thinly vieled wealth re-distribution scheme. It has broader appeal to the GP because it is paid to people who don't pay taxes anyway and is more immediate and "feels bigger" in a chunk. If someone said it was a .3% tax rate cut, nobody would get excited.

What's your $600.00* going to? Basically: fast women.

If I'm going to help bring the country down, I'm doin it smilin!

Are we at $9Trillion yet? Whatever I can to do to help us get there..

-> 9 trillion = $9*10^12 (9000000000000).
-> We have ~300*10^6 = 3 *10^8 people in US

($9*10^12)/(3*10^8) = 3*10^4 = $30,000 debt per head in the US with the above calculations.

I guess my 4 person family means $120,000 debt over our heads.

This is awesome. So we are in debt, and now we are going to give ourselves $600 loans, that we can pay them off next year with "other" taxes.

Why not give ourselves $5000? At least then we could afford to buy enough #1 camalots to climb a single route in Indian Creek.

"At least then we could afford to buy enough #1 camalots to climb a single route in Indian Creek."

And where are the camalots made?

Mike Lane wrote: Now I'm real shitty at economics, ... Doesn't this stunt highlight that ... This seems very much like something ... Why don't they just ...

Hmmm.... Countercyclical stimulus is probably better than nothing at all. The world is not coming to an end.

Kevin Coopman wrote: I guess my 4 person family means $120,000 debt over our heads.

I think they take Visa

the entire govt. sickens me. they over spend as do most americans. If went back to the way it used to be when abe was in charge we wouldnt have these issues. i get pumped up just thinking about all my money that they are wasting.

Borrow some money from China to get in more debt so we can 'spend' our way out of a recession. yeah, that makes a lot of sense.

either way, 4 kids bishes. we're rolling in it now!!

Mike Lane wrote: Doesn't this stunt highlight that if we ever quit spending beyond our income that we might enter a depression?

Refer to the following article:
---------------------------------------------------
From an article from the Straits Times (Singapore)
"Harsh Words May Spur China"
By Chua Chin Hon,
China Bureau Chief, Beijing

...Mr Bernanke's speech to a top (Chinese) government think-tank last Friday stood out as the clearest example of the sort of comprehensive changes that Washington was pushing for.
The Fed Chairman explained why a stronger currency was in China's favour, called for China to further liberate its financial markets and urged it to spend more on social services so that its citizens would save less and consume more. "In particular, increased government spending on health, education and other types of social services would raise household consumption and government consumption, and thus reduce national savings." said Mr Bernanke.

-------------------------------------------

And you wnder why our nation is a wreck, with minimal savings, maximal debt, waste and over consumption... could it be that one of our government policies actually works?

Spiro wrote:the entire govt. sickens me. they over spend as do most americans. If went back to the way it used to be when abe was in charge we wouldnt have these issues. i get pumped up just thinking about all my money that they are wasting.

Unfortunately, you'd have to go back to Washington, Jefferson, or Madison. Abe was a little too late & was a big-time nationalist and spender anyway.

I totally forgot, all the C4s are made in China now. So my next trip is going to be financed AND produced by our good creditors to the East. Couldn't ask for better friends than that, they loan you money to buy stuff from them and then make you pay back the principal with interest. How do I get into this racket?

Mr Bernanke is a total reactionary. I am going to guess we will get another 50 bp reduction next week when the fed meets. The problem is this will be a short term fix and do nothing but spur private equity investments (and clear out some M&A backlog) (as this will do nothing for your jacked up 5 yr ARM resetting next month from 3.25% to 6.75%) Thank goodness I never got one of those. It is going to get ugly before things get better.

caughtinside wrote:but I think I might actually try to see if I can spend it just on things that will keep the money in the USA, and actually help our economy.

Drive over to Vegas and spend it on strippers... you are helping single moms. It's all about charity. It is a sacrifice, but we should all do our part.

Living here in NYC, I guess I'll let my $300 spend itself. All local Transportaion fees are headed up: Subways, parking, gas and toll increases will eat up a bunch. Maybe the Gunks will be raising their rates, too.
FYI: According to the Wall Street Journal last years Wall Street bonuses were
$33.2 BILLION DOLLARS - so Bush comes up with a plan to give us each 300 hundred bucks. Pathetic.

Pat Buchanan thinks we're heading to a total meltdown in about 2 years. Better get in as much climbing as you can now. Having to enslave a bunch of serfs just to drag us in our lifeless cars to the crags is going to be a chore.

Thanks for posting Bernanke's comment Tony. So raging consumerism is our only plan? Distressing.