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Not Very Stimulating Thoughts

May 6th, 2008 at 11:38 am

Our stimulus payment came Friday and I immediately transfered it to a MMA. I asked DH if he felt badly that we weren't spending it and stimulating the economy, and he said he didn't. His feeling is that we will spend it if we need to. Interesting point, I thought- "need to." I don't get the feeling that the money came in case we needed something, but rather to be spent on something extra as a way of dumping it back into the economy. It got me thinking about how much of our economy is based on fun and frivolous pursuits.

On a side note, I went grocery shopping this morning and found it interesting that there were some huge gaping holes on the shelves. There was no rice at all, and most of the canned corn was gone as well. Now you just know that all that wouldn't be gone if the media hadn't panicked the masses. All I can do is shake my head. That kind of stupidity panic will end up driving the price up more than if people just bought what they needed and risked a real shortage.

At least I didn't want/need corn or rice today, and there was still plenty of food otherwise. We won't go hungry- at least not this week.

2 Responses to “Not Very Stimulating Thoughts”

  1. PauletteGoddard Says:

    We don't know how long the recession will last. Apparently the last time rebate checks were sent out to spur the economy, only 20-25% of them were cashed in and used that quarter. It's not a sin to postpone consumption -- you may be doing yourself and the economy a favour by letting go of that rebate when the time is right.

    My mother-in-law, who has survived a few of these recessionary dips, told me I would be overreacting to hoard food. Now I'm reflecting on how much I tend to give into panic, versus planning for the long term.

  2. managinglife Says:

    Excellent point PauletteGoddard!

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