Reknamorken wrote:

] 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.

you're forgetting that companies aren't going to spend money until sales rise. Sales won't rise if consumers don't spend. Don't get me wrong. I think consumer spending is actually TOO high, because the average amount of debt that a consumer carries is TOO high. What's going to happen when consumers have to start paying off all those credit cards and they're layed off? Hmmm???

RE: CEOs want $300 billion stimulus package