Stimulus Bill and the average Americans

i received a letter in the mail after i did last years tax's say i was geteting an extra 600 for stimulis========= never got it. perhaps the "ta dum" drum roll please i.r.s. hasen't sent it out yet, maybe they'll deduct it if i owe this year. hel* i always owe.

Not a bad idea.... The problem is that politicians have about the same economics backgraound as we do - nada. From at least Reagan through Bush, they all made mistakes that put us where we are today. I don't think they did it because they were evil or even because they had an agenda. I think they just did not know enough about economics and they fell for the bull that the investment banking industry was pushing. One very important regulation (Glass Staegall Act) in our system was eliminated after the investment banking industry spent over 300 million dollars lobbying to have it removed. They argued that it was archaic and was holding back economic progress. While we were throwing the baby out with the bathwater, the Chinese were setting up their modern banking system. They incorporated the elements of what we had elminated and wound up with the fastest growing economy on earth. Our congress and presidents didn't know enough about economics to realize the importance of that piece of legislature. hopefully, they now know a little more and we do too.

I think it's up to each of us to educate ourselves about anything that directly affects us, such as economics and anything else dealing with the government. Too many people rely entirely on the thirty second sound bites and talking points they hear from the media. Even when they listen to the "so-called" experts they're not getting the whole pictures since there are so many conflicting opinions. I think a lot of it boils right down to common sense which, unfortunately, can not be taught...lol! Annie

Knowledge is never a bad thing so I agree that we should learn as much as we can about not only economics but recessions, too. I don't consider politicans to be experts on the economy...and there are too many conflicting opinions coming from the so-called experts...so we really should know enough to be able to recognize a snow job if one comes our way.

I think you make a good point. It is something I have said over and over. We all need to think for ourselves and stop listening to the media. Common sense says we can't keep borrowing money to get out of a depression. I mean would you do this with your own household financials? I don't think so. Learn to think for yourselves.