Anyone not get their stimulus yet?

[vonBobo]

Originally Posted by Chief Roundup

You do realize that isnthe very reason for stimulus? You are suppose to spend it out jn the economy. That is what helps get the economy going full bore as soon as possible. Saving it doesn't help the economy or an individuals long term interests.

Lol! We are about to have tens of millions of people evicted from their homes, spending 1k on crap made in china is not going to fix that.

[Chief Roundup]

Originally Posted by vonBobo

Lol! We are about to have tens of millions of people evicted from their homes, spending 1k on crap made in china is not going to fix that.

Well I don't know about your number there. I think it is off. People that were able to draw the unemployment monies should have been able to keep up with rent. Mortgages were able to be deferred if people asked. People should have had a savings to help also. Yes there will be people that are going to lose their places of residence but there will not be as many as your number or even close.

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[vonBobo]

Originally Posted by Chief Roundup

Well I don't know about your number there. I think it is off. People that were able to draw the unemployment monies should have been able to keep up with rent. Mortgages were able to be deferred if people asked. People should have had a savings to help also. Yes there will be people that are going to lose their places of residence but there will not be as many as your number or even close.

My point is the stimulus isn't going to save the economy. If people had savings before the stimulus, I'm guessing their spending habits are going to be about the same. If they didn't have savings before stimulus, I'm thinking that person is better off saving it or paying off debt, their 1k isn't going to save the titanic.

[Chief Roundup]

Originally Posted by vonBobo

My point is the stimulus isn't going to save the economy. If people had savings before the stimulus, I'm guessing their spending habits are going to be about the same. If they didn't have savings before stimulus, I'm thinking that person is better off saving it or paying off debt, their 1k isn't going to save the titanic.

I can understand this thought process.
Do you really think you know more about how to save and or stimulate the economy than the best economic minds in this country that get paid to do nothing but this kind of research? Did you know that this is the same plan that was used to get this country out of the great depression?