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$300? Not very stimulating...
What would you do with $145 billion?
Well, if you were the federal government, you would give people around $300 a pop and hope everyone runs out and spends the money to stimulate the economy. And let’s say all goes as planned and we do run out and buy new Wiis, iPhones and handbags. Most consumer goods are produced overseas, so a huge chunk of this money is going to another economy – probably one in Asia . And considering we have a budget deficit, the money to pay for these items (in the form of a stimulus check) probably comes from Asia, as well . So interest payments on the money to buy foreign goods is going back to a foreign country. I personally fail to be stimulated by this stimulus package.
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