Bush Stimulus

Actually, I don’t think that George W. Bush can stimulate anyone or any thing, let alone the economy.

Since the nation is up to eyeballs in debt who is going to pay for the 150 billion dollar stimulus package proposed by the president? Probably foreign investors. Add interest payments to 150 billion and who knows how much this will cost us. Yes, the American taxpayer will get stuck with the bill eventually. How does having a little money now help us, when we will owe a lot of money later? Bush wants to push us further and further into debt. Isn’t that what caused the problem in the first place?

A better plan would be to raise the minimum wage which would add a stronger and more steady stream of revenue into the economy than one check would. This would not add to the country’s debt since the money would not come from the government. It also does not have to add to the cost of goods, just take it out of the CEO’s greedy little hands. Take a look at Bill Gates’ net worth, or Warren Buffett, or any overly rich CEO or business owner and tell me that they aren’t overcharging for their products. And that they haven’t been for years. If Bill Gates had been selling Microsoft products for 5 or 10 percent less than he has been all these years wouldn’t he still be a multibillionaire? You can’t convince me that raising the minimum wage has to lead to higher consumer costs.

Raising the minimum wage as economic stimulus would also solve the problem posed by the Democrats about lower income citizens receiving a part of the stimulus. By its very nature raising the minimum wage would take care of this.

We could also stop sending so much money to Iraq and use a little of it for some stimulation here at home.

Recession Fueled By Low Wages:

Thanks to The Real News Network.