Saturday, October 31, 2009
Stimulus: The Good News, and the Bad - BusinessWeek
Stimulus: The Good News, and the Bad - BusinessWeek: "...people who are hired with stimulus funds tend to spend their pay and create secondary employment."
That is the crux of the argument. I wonder why not sending the checks directly to everyone wouldn't do the same? Give me $25,000 and I'll hire a contractor to put in a new front door. I'll spend, spend spend on electronics and clothes for the family. Then i'll save some in my local bank who can then lend ten times that amount to small businesses.
That is the crux of the argument. I wonder why not sending the checks directly to everyone wouldn't do the same? Give me $25,000 and I'll hire a contractor to put in a new front door. I'll spend, spend spend on electronics and clothes for the family. Then i'll save some in my local bank who can then lend ten times that amount to small businesses.
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