Several economists answer questions about the stimulus and the economic outlook (union, credit)

[Woof]

As part of the first-ever CNN Money Summit, we asked readers and viewers about their pressing economic questions. Then we got experts to weigh in.

Why Can't We Split the Money Among Taxpayers?
Question: "I often hear, 'If they want to stimulate the economy, why don't they give every taxpayer $10,000?' People would buy cars, go on vacation, pay for college, buy TVs, etc. That sounds great to me. Would it ......" (remainder of article at http://finance.yahoo.com/banking-budgeting/article/106524/Your-Questions-Answered (broken link) )

[spr1516]

becuae they wouldnt do that its so bad now they would just pay off bills wouldnt buy anything

[GloryB]

They could use me as a test model to see just how fast I would pump those bucks back into the economy.

Even if some people used it to pay off debts or put in savings at a bank/S&L/Credit Union....wouldn't that end up helping the economy also?

[gwynedd1]

Originally Posted by spr1516

becuae they wouldnt do that its so bad now they would just pay off bills wouldnt buy anything

Hi spr1516,

I would certainly spend it. My saving is already worked into my budget. Also, tax credits would solve that problem. If it worked for gas hogging SUVs it sure seems like a good idea for energy saving cars and appliances.
The reason it is not done should be obvious. We are the serf class of financial feudalism.

[Woof]

Jeeeez, guys, just break down and click the link. There are more questions than the first one. It's interesting, there's a glimmer of hope or two.