Stimulate

There seems to be a consensus that the economy needs a stimulus package. People are all abuzz about rebate checks. Many would save it or put it toward personal debt. Neither would have the effect needed on the economy.

Do you remember the old adage about teaching a man to fish and he'll be able to feed himself and his family?

Sure, lots of people need and will spend a rebate check; however, wouldn't it be better to stimulate job creations and thereby growth opportunities?

A tax cut for businesses and/or a tax cut for individuals, especially reducing or eliminating the double taxation of corporate dividends, would go a longer way.

If there is such a need, why haven't the Feds reduced the interest rates? They seem to be putting it off in some kind of wait-and-see mentality. Aren't they the overseers of inflation and such things? They do not have to wait for their scheduled meetings. If action is called for, do it.

One of my financial gurus said yesterday that this stock market is trading on fear. Why not dissuade those fears?

'til later