4 ms·
the government is trying to stimulate aggregate demand by pumping credit into the system. they're just fueling savings (the negative household spending you see
by nazgulnarsil 17y ago
the government is trying to stimulate aggregate demand by pumping credit into the system. they're just fueling savings (the negative household spending you see). so why not fund this demand to build up savings with a direct tax cut for the middle class instead of &^%ing bailouts for %^&heads? lots of economists are calling for a payroll tax break to both fund savings AND create jobs (since wages tend to be sticky companies could soak up some of the excess and fund job creation).