Who Really Benefits?
1) The Banks - It will boost deposit reserves when consumers meet their interest payments thereby giving the banks greater liquidity to cover losses, make new loans and make profits for their owners.
2) The Government - The stimulus will be taxed as INCOME and taxed again when it is used by consumers to generate sales of consumer goods and services. This makes sure that the government can employ millions of federal employees in their accustomed levels of comfort and complacency.
3) The Suppliers to the market - i.e. China, Vietnam, Brazil etc.
Welcome to the reality of Obama's Amerika.
1) The Banks - It will boost deposit reserves when consumers meet their interest payments thereby giving the banks greater liquidity to cover losses, make new loans and make profits for their owners.
2) The Government - The stimulus will be taxed as INCOME and taxed again when it is used by consumers to generate sales of consumer goods and services. This makes sure that the government can employ millions of federal employees in their accustomed levels of comfort and complacency.
3) The Suppliers to the market - i.e. China, Vietnam, Brazil etc.
Welcome to the reality of Obama's Amerika.