Tag Archives: stimulus package

US Stimulus Cheques (OR Wal-Mart Cashes In OR SAVE is a 4-letter word)

Full Story Here.

I’ve seen a number of stories related to the US economic stimulus packages and a very minor collection of people are brave enough to admit that they actually save the money that’s being given to them.

It seems the word “save” has become the most dreaded four-letter word imaginable. I mean, who in their right mind would save when they’ve been told repeatedly that the only way the US is going to dig itself out of the recession is if all Americans collectively spend, spend, spend?

And what happens when they spend? The cheques get cashed automatically by the world’s biggest economic vacuums, never to be seen again.

This is Keynesian economics that has been flipped on its head, shaken up and regurgitated as neo-con economic policy. And with all neo-con economic policies, the only people that truly benefit are those who are able to muscle their way to the front of the line.

In other words, it won’t help the US economy. Not by a long shot.