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["Don Bowen" <don.bowen AT earthlink.net>]

I see very little mentioned about the misnamed stimulus package that is 
supposed to shower us with government checks in May.  That is about the worst 
case of voodoo economics since the days of the Raygun tax cuts.  Maybe not, 
the administration waging a war on borrowed money while cutting taxes tot he 
wealthy is far worse.

That money that is showering on you is borrowed money.  Borrowed from many 
foreign countries who will get the interest payments.  Borrowed money during 
a year that will break all previous records in deficient spending.  Borrowed 
money that is supposed to jump start the economy but if it is spent will 
mostly go toward goods manufactured in foreign countries.  Dumb and dumber.

Then the current Senate version that will allow builders to take current 
losses and apply them to profits made four years ago.  Several builders have 
sold land that has been prepared for building for as low as $.23 on the 
dollar.  That huge lose will be applied toward the huge gains in 2005 and 
2006 resulting in billions of borrowed money in refunds.  Builders that were 
cautious and showed reasonable profits will not benefit.  The house version 
does not contain this giveaway and hopefully they have the guts to keep it 
out of the compromise but I doubt it.


Don Bowen      KI6DIU
http://www.braingarage.com/Dons/Travels/journal/Journal.html
>From don.bowen AT earthlink.net  Thu Apr 10 16:35:34 2008
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From: "Don  Bowen" <don.bowen AT earthlink.net>
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>It didn't take McCain long to backslide from his assertion that he is
>against borrower bailouts:
He will say and do anything and change any position that will garner votes
no matter how insignificant the chance.

Also keep in mind no matter what the current crop of candidates promise it
will be at least a year before they can do anything significant.  By then
there is a good chance the situation could be even worse.

Don Bowen      KI6DIU
http://www.braingarage.com/Dons/Travels/journal/Journal.html