Monday, February 16, 2009

Will your checkbook be stimulated?

I see cities and states squabbling over getting a piece of the $787 billion pie while I'm sitting here wondering about people on fixed incomes who have lost so much money over the past couple of years. Spend money fast and stimulate the economy! It is looking more like engineering and construction companies will prosper as they get get the lion's share of the money. There is a lot to be done to repair infrastructure of this nation. Shifting the cash flow from housing construction to that infrastructure may help stabilize the country. The trickle down will come to cement truck drivers, concrete companies, steel, and other construction related jobs and services.

It is American business in general where I am hoping for a comeback. Those who are on fixed income worry about many things, but right now, loss of income from the economy crisis combined with the rising cost of living is a huge issue. Tax relief will help, but we must see a recovery of business before we can take a deep breath. Those in retirement are holding on tight while those who have bought bigger homes than they can afford are given special consideration to help save the banking system. Hopefully we can come out of this without a full blown depression. There seems to be a spiraling wind that only accelerates in this climate of desperation. Maybe the economic trickle will come home without inflation. Let's at least hope for that!

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