Will the proposed economic stimulus packages improve the economy? Will a few hundred dollars in my pocket solve anything?
If you adhere to the long-refuted mush of Keynes, you will answer yes. If, on the other hand, you subscribe to economic truth, you will answer no.
In order to improve the economy, the government needs to: reduce taxes, reduce spending, and get out of the money/credit creation business. Putting a few hundred dollars in every pocket is a game that's been played for centuries. The Roman emperors sought the same end -- placating the masses, though the Romans ran games and festivals instead of simply slipping a few hundred bucks into open hands.
Isn't it ironic that a politician cannot hand over money to voters, yet, during an election year, he can offer the very same bribe in the form of an economic stimulus package.
Economies grow when money is invested in capital goods. A few billion bucks chasing consumer goods that have already been produced leads to more inflation. Yet, come November, the voter will not see the inflation, he will only remember the cash.
If Bush and the rest are serious about stimulating the economy, they need to take the three actions specified above. Will they? Never.
OK, so who will? Ron Paul of course. His platform is based on solid economic science; a platform that will stimulate the economy in perpetuity.
Vote Ron Paul