$13.00 a Week. Is everyone Happy?

@BigTexN,

You haven't made the case that a concentrated event is more stimulative than non-concentrated ones. Can you do that, with data or examples to back your argument up?

Cycloptichorn

1 Reply

@Cycloptichorn,

Simple...which would be more effective in your opinion...$400 billion to the banks to keep them from collapsing due to the credit crisis versus $400 billion spread amongst everyone with a line of credit....

My take is the first saves the banks, the second does nothing for the banks.

1 Reply

@BigTexN,

BigTexN wrote:

Look at your argument carefully and you will see that you answered your own argument...rice moving up in price would be a single, concentrated event...a single commodity moving up dramatically would be a single, concentrated event...

I'm glad to see that you are finally starting to grasp what I've been saying!

$13 a week per person being used to purchase only rice would have a huge effect on the rice economy...

But just handing out $13 a week to be used for millions/billions of miniscule expenditures will have no concentrated effect.

You really are just jerking our chains, aren't you?

Rice going up would have a single concentrated effect if every person had to go out and buy rice at that time.

How many times a year do you buy rice? Once? Twice?

The effect of rice going up did not effect everyone, and the ones it did effect it did not effect equally.

You're just not one for looking at the big picture.

The cost of everything goes up a little, it's an overall effect produced by a few cents here and there.

Conversely, why wouldn't a few cents being spent here or there have the opposite effect?

1 Reply

@chai2,

Quote:

You really are just jerking our chains, aren't you?

I'm surprised it has taken this long to figure that out.

0 Replies

@BigTexN,

BigTexN wrote:

Simple...which would be more effective in your opinion...$400 billion to the banks to keep them from collapsing due to the credit crisis versus $400 billion spread amongst everyone with a line of credit....

My take is the first saves the banks, the second does nothing for the banks.

The point of the second one isn't to do something for the banks. That's the part that you seem to be confused about.

Cycloptichorn

1 Reply

@Cycloptichorn,

I just spent another buck on a Coke...did you feel that jolt?

The Dow didn't...still down 32 points...

4 Replies

@BigTexN,

You're waterboy's brother, aren't you?

1 Reply

@old europe,

I spent a week and a half's worth of stimulous all in one day and the market closed down 83 points...DAMN THAT OBAMA AND HIS SILVER TONGUE!

1 Reply

@BigTexN,

Here's a question for you economy experts.

If, as some argue, the money concentrated in banks is more beneficial to the economy than spreading it amongst the masses to trickle up through the supply and demand channels and eventually into the pockets of shareholders and banks, what kind of effect would there be if people were to take that same $52 a month and put it into a savings account? Each savings institution would have the benefit of using those assets to earn interest for themselves in the form of loans to other banks or consumers while the money still remains accessible to the individual as emergency funs.

Seems to me it would make a whole lot of sense for banks to be increasing the interest rates on their savings accounts as a way to attract that $52 a month if it was so desperately needed to shore up the stability of the banks so they can make loans and earn interest on them.

Why has that not been happening?

0 Replies

@BigTexN,

Is that a "yes"?

1 Reply

@BigTexN,

Wow, that's a lot of money to spend on sugar-flavored water, BigTex. Drinking so many in a day isn't so healthy for you either. I'd advise you to cut down on the intake of those, but we need your help in stimulating the economy.

0 Replies

@old europe,

I doubt it. Waterboy isn't nearly as articulate (which isn't saying much) and BigTex doesn't spice up all his posts with cartoons.

0 Replies

@BigTexN,

BigTexN wrote:

I just spent another buck on a Coke...did you feel that jolt?

The Dow didn't...still down 32 points...

Was it a Jolt Cola?

I like the way you retreat from your arguments once they start going south, it's cute.

Cycloptichorn

1 Reply

@Cycloptichorn,

Hey, guess what?

My stock portfolio went up 2.5% today.

0 Replies

$13.00 a Week. Is everyone Happy?

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