Bush wants to give you $800, ..... Options

[95CelicaST]

Bush wants to give a tax rebate to people to keep the economy from tanking any farther. Newest estimates are $800 per person who makes less then 85k and 1600 for married people who make less then 110k.

Discuss... What will you buy?


http://www.nytimes.com/2008/01/18/business...amp;oref=slogin



I'm getting an APS exhaust.

[95CelicaST]

That's why the sub-prime mortgage trend is causing this economic slowdown -- lending to people who can't afford to pay it back created an unsustainable economy and we're seeing the correction now. Exactly the same as the Asian flu, except you'd think the financial institutions would have learned something from watching most of a continent drop into a massive recession a decade ago.

Correct. Low interest rates and no closing costs led to the idea of "anyone can own a home". Everyone was out getting a loan. Then people couldn't afford the place, and now the banks are out paying on them, which leads to banks not lending as much as often, which then leads to the slump.

But analysts are suspecting to end this year ('08) in the green. The weak US dollar means people from other countries are looking for a deal. They're coming over to spend their money in our market while it's down, which will lead to the market returning to it's rightful place.


All the while the US deficit is ~$5,000,000,000,000 strong...and growing (every time I say this it reminds me of the Flintstones vitamin commercials )