w1ld wrote:
] ] "Workers should have a one-year holiday on the tax they
] ] pay to fund Social Security in the first $10,000 of
] ] income, the Business Roundtable said Thursday.
] ] The tax holiday would give all workers up to $620.
] ] Employers would also get up to $620 per worker."
] ] We can jump start economic growth if our government
] ] takes action that helps put cash into the consumers'
] ] pockets to stimulate demand and ignite our economy,"
] ] said John T. Dillon, chairman of the roundtable and CEO of
] International Paper.
]
] Okay, last time it was $300 dollars was suppose to spur the
] economy. Now looks like it is about $600 dollars that is
] going to spur the economy. I don't know about you, but I
] think my original $300 tax rebate is still sitting in the
] bank.
]
] Also, it is not the consumer that is holding out on purchases.
] Consumer spending is still going strong in regards to durable
] goods such as housing and new cars. Corporations are the ones
] scared of spending, they are still in layoff mode. Until
] corps. start spending, hiring and and making real money, that
] is when we know the economy is on the move in the right
] direction.

How bloody stupid can all of these "economists" be?? This is like a no-brainer. You're 100% right. Companies need to spend money, not consumers. DUH.

It's like some kind of stupid attempt to boost morale while avoiding making any commitments to have their own companies put more money into the economy. They are all waiting for the next few guys to fall.

The reality is that this is a culling time for all of the CEOs. The ones in good positions love it. They can ride it out, watch others die, and buy what looks good.

RE: CEOs want $300 billion stimulus package