Oh My God! Its So Stimulating!

OK, I cannot just keep silent on this stupid economic stimulus package. 

First of all, when did we go into recession?  I don’t recall a single quarter in the last three years where we had no economic growth.  For a recession to occur, we would have to have two consecutive quarters with no growth.  We still have growth.  Our growth has slowed, yes, but it is still growth.  Pundits on the news are going around throwing out this R word and scaring the crap out of people. 

Second of all, this whole thing really gained steam when the mortgage meltdown occurred.  Well, maybe the idiots who cant afford a house should have never been able to finance one in the first place.  If anything, this could help our economy in the long term as it may force banks to be more selective on who they finance. 

Third of all, is lower interest rates really the answer?  It seems to me that people going into debt are the ones who spark economic downturn.  Lowering interest rates may just cause our economy to tank years from now.  I made some really stupid credit decisions in my younger years and I am now paying for it in the way of a low credit score which leads to higher interest rates.  While this sucks for my wallet in the short term, it forces me to be selective on what kind of loans I apply for which leads to more money in my pocket in the long term.

Fourth of all, the governments lousy promised payment of $600 is like pennies in a glass.  OK, it may let me make one car payment but big freaking deal!  You really want to help people, give them thousands! 

Fifth of all, with the governments already low taxes and enormously high spending, this is only going to exacerbate the huge national debt.  With apologies to the baby boomer population, these tax cuts that W put through are going to bite my generation in the rear twenty years from now if spending is not drastically cut. 

 Im Eriq Kiltz and I approved this message.