Matt White, gentleman, economist...barbarian.
Im imagining being the first person to go to the bank with their 'rebate' check , the teller does her little typing routine then looks at the check, looks at you. Frowns.
Teller: "Im sorry sir, its bounced"
Craig: "Want to move to an island rich in natural resources and game?"
Teller: "Good idea"
Seriously, its unfortunate that Matt White is right and even more unfortunately is its these critical decisions that are too often actually left completely out of the hands of the people it will effect. We elected these people to make decisions for us and now we cant stop them from making a critical decision. I very fortunately am in a position where I technically "cant" lose my job, although that remains to be seen.
Recession will remove a lot of jobs, but what part of the recession the country needs is the lowered competition and cheaper materials to give those people who always wanted to start a business or expand an existing one a chance, middle class business owners will no longer be clinging to a niche market against places like home depot and walmart. Who arguably promote less jobs than what several smaller stores would in their place. When people step up to fill the voids left behind there will be plenty of new faces in business.
Another aspect would be localization of commerce. When people in the burbs lose their city jobs they will have to take their experiences elsewhere, most likely to more local venues. The little cow towns and things on the fringes of the burbs will be a lot busier, local economies will boom and that means more money in middle class areas, more willingness to spend on public schooling, more money for college, more money for home building and buying (which means more demand for luxuries which again means more jobs in those areas). More 'specialists' and 'professionals' will be bred and the dollar will be strong again.
If it is dragged on for too long , like this 'stimulus package' is trying to do, it will end in depression. But after you get elected to the senate you stop listening to economists and start listening to the fat cats that shake your hand after dinner. Best thing to do is spend your checks whereever you need it most and write a letter to a senator. Its what im doing.
Sincerely,
Hopeful American
Daedri Elensar
Shipwright to the People
Craig Odell
