This article describes another drop in the bucket to try to spark the economy a little. Another trillion dollars? Is this going to further weaken the dollar on a global scale? I am a supporter of cutting interest rates so common men and women particularly home owners can stay away from foreclosure. This trillion is going to help the receivers of bad loans. Do I support more money being funneled into the economy? Yes, at the present moment, but running more and more debt can be far more problematic to the point of crippling in the near future. It is going to take years and years to see if this is a reasonable strategy, there is no immediate fix.
I found it very interesting that even though the Fed is making all this money available people are still afraid or unable to borrow money. I think that confidence needs to be restored in our economy for people to feel better about spending. However people shouldn't be given false hope when the economy is facing real problems. A trillion dollars is a lot of money and I only hope that future generations don't have to pay for the bad decisions made in our life times.
This article describes another drop in the bucket to try to spark the economy a little. Another trillion dollars? Is this going to further weaken the dollar on a global scale? I am a supporter of cutting interest rates so common men and women particularly home owners can stay away from foreclosure. This trillion is going to help the receivers of bad loans. Do I support more money being funneled into the economy? Yes, at the present moment, but running more and more debt can be far more problematic to the point of crippling in the near future. It is going to take years and years to see if this is a reasonable strategy, there is no immediate fix.
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ReplyDeleteI found it very interesting that even though the Fed is making all this money available people are still afraid or unable to borrow money. I think that confidence needs to be restored in our economy for people to feel better about spending. However people shouldn't be given false hope when the economy is facing real problems. A trillion dollars is a lot of money and I only hope that future generations don't have to pay for the bad decisions made in our life times.
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