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I heard a supposed conservative saying the other day on the radio "if they want to get $3 billion into the economy, they should just give every person an equal share of the cash."
Dumb dumb dumb. First of all, that REALLY goes against conservative values (a government handout that isn't a scaled tax rebate), but most of all, that would ONLY get $3 billion moving, and most people would either just pay bills or save it. Cash for Clunkers got $3 billion injected into the economy PLUS the movement of the rest of the cash spent on the upgraded vehicles, which far outweighs the govt injection.
Even though it's just money moving into different pockets, it's a big prod on consumer spending, which is the thing that REALLY needs to get back to normal in order to get things moving back in the right direction. I see no failure.
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Donovan Trent
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