tag:blogger.com,1999:blog-2065764625651099128.post6247414882502371777..comments2024-01-19T00:28:25.444-05:00Comments on Purse Pundit: "Mania's, Panics and Crashes." - More on the Bush PlanJacki Zehnerhttp://www.blogger.com/profile/17111090486082618525noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2065764625651099128.post-89571702143945526462008-01-19T21:28:00.000-05:002008-01-19T21:28:00.000-05:00yah, as i understand when they tried this back abo...yah, as i understand when they tried this back about 5 years ago, the effect was muted. only ~20% of those consumer tax savings were spent, causing a limited impact on the economy. moreover, i can't see how this won't create a vicious cycle - perhaps there is a tiny positive bump to the economy but once that is passed, won't we be in teh same place? obviously adding to the woes is that it doesn't seem that the Fed has a plan...would love to see some LONG TERM SOLUTIONS!!! rather than just trying to ease pain for the short run. esp given the depressed dollar, we need a comprehensive plan, not just bush's latest "shot in the arm"<BR/><BR/>ps: JZ: love your WW pic!!Andreahttps://www.blogger.com/profile/17925878369261848746noreply@blogger.com