Earlier this year most of us got some money in the form of an economic stimulus payment. Apparently it didn't do what it was supposed to do since financial institutions are going under. Our (US) government has now found it necessary to help the economy with the "bail out" bill.
I am not an economist by any means and I find it hard to understand how a bunch of bad home loans has snowballed to the point that some of the pillars of our financial world are in extreme trouble. I am not asking for an explanation, I am just laying some groundwork for this post.
So how does the US typically fix a problem? By throwing money at it.
How are you throwing money into the economy? Using your stimulus payment didn't work. What are you doing now or what are you going to do?
Since trickle down doesn't seem to work it's time to trickle up. That kind of goes against the laws of nature.
Me. I bought a new car today. I feel rich. The salesperson make some money. The dealer made some money. The people that made the car made some money. The company made some money. Everyone involved in the transport etc. of the car made some money. And on up the line. Since the car is more fuel efficient I have more money to spend on other things and it is supposed to be better for the environment.
The downside: It was a 0% interest loan. It is more fuel efficient so the oil companies don't get as much.
So that's what I did to help the economy.
I am not an economist by any means and I find it hard to understand how a bunch of bad home loans has snowballed to the point that some of the pillars of our financial world are in extreme trouble. I am not asking for an explanation, I am just laying some groundwork for this post.
So how does the US typically fix a problem? By throwing money at it.
How are you throwing money into the economy? Using your stimulus payment didn't work. What are you doing now or what are you going to do?
Since trickle down doesn't seem to work it's time to trickle up. That kind of goes against the laws of nature.
Me. I bought a new car today. I feel rich. The salesperson make some money. The dealer made some money. The people that made the car made some money. The company made some money. Everyone involved in the transport etc. of the car made some money. And on up the line. Since the car is more fuel efficient I have more money to spend on other things and it is supposed to be better for the environment.
The downside: It was a 0% interest loan. It is more fuel efficient so the oil companies don't get as much.
So that's what I did to help the economy.