A Chicken in Every Pot!

Lawmakers Reach Deal on Tax Rebates
By ANDREW TAYLOR,
AP
Posted: 2008-01-24 17:06:24
Filed Under: Recession Watch, Taxes
WASHINGTON (Jan. 24) - Congressional leaders announced a deal with the White House Thursday on an economic stimulus package that would give most tax filers refunds of $600 to $1,200, and more if they have children.




Etaxilation: The joy you receive when you receive tax money back from the government. A short euphoria often ending with the realization that it was your money in the first place.


Well this is another case of Wag the Dog:

The Recession was bound to happen because the Government stimulated a false business cycle through the Federal Reserve. It artificially lowered interest rates, printed up hundreds of billions of dollars every quarter and pushed mandatory lending programs. Sub Prime Lenders lent more because if they didn't their competition would. Now the market is liquidating the bad credit and a lot of bad loans. Meanwhile they're gonna send out a few checks to help soften the initial shock of a massive and deep recession that's gonna be prolonged by the monetary policy.

Oh by the way, the dollar fell 9% in one day a few weeks ago? How many of you know why the dollar has fallen? Can anyone tell me Why the dollar is worth 95% less than it was 100 years ago?Amazing how you work so hard for this currency and how you're never taught how it all works in a Government Run Education System. So now even though you're getting this money, the nominal value is going to continue to be pointless. You have less purchasing power. That's why your groceries go up, gas goes up, because the dollar is worth less and less.