Monday, January 28, 2008


Just heard the damnedest thing on CNN. Talking about how people are going to spend their government's rebate checks, they interviewed several grandmothers who said they would spend it on the grand children; more toys and stuff for the kids. Another said she would buy more gas and be able to travel more.

Then the CNN economist or business analyst "expert" warned: If you buys toys and clothing for the grandkids, or use it to buy more gas for your gas guzzler, you will only stimulate the economies of China and Asia when buying toys, or the middle east who export oil to us.

So in order to make certain your rebates do the most to save the U.S. economy from collapse, check the tags on the grandkids toys and clothes to see where they're made. And before filling your tank, ask the 7-11 clerk whether their gas is refined oil from Saudi Arabia and Venezuela, or is it local oil from Bakersfield or Midland/Odessa?

This will help make sure your rebate will go its absolute farthest to save the nation from a depression. But after spending your rebate, if still feeling financially pinched, maybe you could become an economist for CNN?!


eProf2 said...

Actually, giving the grandkids some toys and stuff isn't a bad idea. Afterall, they're the ones who will pay for them eventually as the economic stimulation package will be put on the credit card waiting for the next generation or two to pay for it.

Cartledge said...

I would wait till those chicks hatch before deciding how to cook them. Seems to me the average Joe probably won't get enough to play one of those arcade pick up a fluffy toy machines.
But I'm equally surprised to hear that any extra might actually be discretionary spending money over and above debt and cost of living.
If it is spendable there is not much hope of finding US manufactured goods withing the price range. Like here you have given away your manufacturing sector.