smehro

Stimulus Pie Chart

In Uncategorized on January 16, 2009 at 8:22 am

Stimulus package visualizedStimulus Pie Chart

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  1. Just looking at that pie chart makes queasy. To me, the diversity of programs and initiatives are a bunch of pork barrel spending. The biggest thing to me is that while many of these programs are noble, I am a much bigger believer in the tax cuts programs which account for less than 1/3 of the stimulus package. The one thing we can bet is that if money gets into the consumer hands it will increase consumption. I don’t believe the savings mentality (cash is king) is as entrenched at the consumer level like it has been at the bank level (i.e. banks that get TARP cash and do not lend). I would have like to see a much bigger portion of this stimulus package go directly to the consumer.

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