Jan 24

President Bush and the Congress is going to pass a stimulus package containing tax rebate.  Very nice for those who get a tax rebate but it won’t help the economy much.  It might delay the pain.  Like taking a pain killer.  You might feel better in a short term but the disease doesn’t go away.  US economy has fundamental structural problem: huge trade deficit and huge budget deficit from our government.  Our nation as a whole a debtor who depends on foreigners’ money.  Majority of our people also live beyond their mean.  If that doesn’t change, we will have a rude awakening.

One Response

  1. Mike Harmon Says:

    I found your site on technorati and read a few of your other posts. Keep up the good work. I just added your RSS feed to my Google News Reader. Looking forward to reading more from you.

    Mike Harmon

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