Rebates: One Dumb Idea that won't work
by
jpmarat
01/25/2008, 2:47 PM
The idea that giving each American $3-600 to "stimulate the economy" makes extra nonsence when you consider that the average family is several thousand dollars in debt and has monthly bills to pay. Which is where that money will go.
How about creating jobs and some regulation so banks aren't allowed to make sucker loans to suckers.
Seems llike whenever banks play fast and loose with other people's money, the world economy explodes.
Not that their CEO's care at all. They get fired and walk away with a $40,000,000 severance package. Only in America, do we reward incompetence and failure.
-Marat