1/23/2009

Insurmountable Stimulus Problem

The purpose is to get actual money to actual consumers to spend. How to do it?? Get it to the rich via tax cuts and they'll just spend it on yachts, gold trinkets, and new multi-million dollar apartments. Get it to the poor and they will immediately spend it on drugs, beer, sex, or lawyers who will promise to get them "not guilty" pleas on their latest felony charges. Get it to the people in the middle and those assholes will just pay off their credit cards, a discredited practice which will only succeed in further damaging the banking system. Cynics would have us give it to the whores but they would give it to their pimps who will spend it acquiring more whores.

So what to do?

Well thinking politicians are already giving millions to their campaign contributors, present and future; they will give it to banks that have proven to be corrupt and insolvent and those banks will in turn give the money back to the politicians in the form of preferentially low interest loans that don't have to be repaid real soon, or artificially lending to phony construction companies.

How will the money eventually get to the people who will waste it on cars, TV sets, restaurants, furniture, theme parks, and clothing for their kids?

I have no idea.

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