There is only one way out of this recession/depression

[LC EFA]

rateyes  Donating Member  (1000+ posts)  Fri Dec-12-08 04:38 PM
Original message
There is only one way out of this recession/depression:

Edited on Fri Dec-12-08 04:39 PM by rateyes
SPEND OUR WAY OUT.

Instead of sending billions to corporations/banks, etc.---the government needs to put BIG money in the hands of the poor and middle class---say $10,000 per taxpayer making under $75,000.00 a year.

Let's say the auto industry receives $25 billion. What will they do? Make more cars that no one can buy? How will that help? Put the kind of money I suggest into the hands of the poor and middle class (the rich will just bank it) and they will spend it. That kind of money will purchase cars, and pay for college, and buy a lot of stuff, that will require the hiring of people to make the stuff.

Do this, and you will see the economy take off like a rocket. Don't spend our way out, and we will be in depression soon, and for a long, long time to come.

To hell with the debt and deficit right now. This is an emergency.

rateyes  Donating Member  (1000+ posts)  Fri Dec-12-08 04:46 PM
Response to Reply #3
5. We need the government spending on infrastructure, and
   
the people spending on goods---especially those goods made in the USA. They can't do that unless they have money in their hands. JOBS and a one time 2 trillion dollar stimulus to the poor and middle class.

Plus, the government needs to bring back the estate tax, too...and, windfall profits taxes on certain industries.
   
deaniac21  (1000+ posts) Fri Dec-12-08 04:46 PM
Response to Original message
6. They should give $1,000,000.00 per taxpayer. We'd all be
   
millionaires and at a cost of only 300,000,000.00. One third of a billion dollars and we are all sitting pretty.
 
rateyes Donating Member (1000+ posts) Fri Dec-12-08 04:49 PM
Response to Reply #6
8. I think your math is a little off.
   
1 million times 300 million is 300,000,000,000,000, or 300 trillion.---Not a third of a billion, which is only 300 million. $1 per 300 million is 300 million.

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x4640656

"How do we get out of this hole ?"

"I know , lets dig our way out"

[USA4ME]

For a group of kooks who don't like supply-side economics, they sure want the gov't to supply them with cash.

.

[Carl]

How many times has this chain email been posted at the DUmp and yet every time someone from there copies and pastes it as their own idea?

They really don`t grasp that the sane world has memories that last longer then the next morning do they?

[jukin]

They are so cute when attempting to deal with adult issues.

[mamacags]

I think the only way to end a depression/recession is to have the nonproductive people in this world (ie. DUmbasses) off themselves and have their welfare/unemployment/food stamp money go back to the government.

[JohnnyReb]

Their math skills suck.......you'd think zero's like those at the DUmp would understand the use of zero's in math better than anyone else.

[jinxmchue]

Where the hell do they think all that money is going to come from?  Does the government have a magic wand to wave around and make money appear out of thin air?  Money "from the government" comes from OUR TAXES, DUmmies.  If you're going to hand out $10K to every person making under $75K, how exactly is that going to solve anything?  Obviously, you would want to tax the rich to fund that kind of giveaway.  What exactly do you think is going to happen when you tax the rich?  Think they'll just bend over and take it like a man?  Hell no!  They will instruct their businesses to start charging more for goods and services, making it harder on the people making under $75K.  It will cause the economy to sink even lower!