Re: Obama's Stimulus Package: Direct Translation
The banks are really corrupt as it is though. Maybe we should just abandon the concept of private banks and save our money with the government instead, such that the country's reserves are literally our own reserves.
I would think that Obama's plan is better, simply because if the citizens are asked to save and the government do the spending, obviously they spend on infrastructure, which is basically a lot of construction work. Now, not everybody can or is willing to be a construction worker. What happens to those people? Whereas if you ask citizens to spend, thereby creating a demand for consumer products and thus companies would want to supply it, then a wider range of jobs would be created, since many parties can be involved with any one particular consumer good. Besides, you're being sponsored to spend an extra 8 to 10 dollars a day. Why not? The money's not yours, and you get something in return, and it goes a little way towards improving your life. Win-win situation?