I was pleased to see that I received my Tricky Dick Fun Bill from the government today.
As previously mentioned, I’m not using mine to stimulate the economy as our wise fathers in Washington want. Instead, I’m saving mine to stimulate the economy later when Murphy shows up.
For those of you that think the economy is in dire straits and that you must spend this money on some crap piece of electronics or other frivolity just because the government tell you to, think again. The market is softening, true, but we are not near a recession yet. The definition of a recession is two consecutive quarters of economic shrinkage, and we just plain aren’t there yet. In fact, the early second quarter isn’t looking that bad, so there is a real chance we might not actually see a recession in 2008.
Now, if there’s something you want and you can now afford it thanks to your stimulus check you should buy it. But don’t do it because you feel honorbound to help the economy during one of its long overdue corrections. The U.S. economy will be just fine, people. If you don’t have anything pressing to do with your money, I highly recommend being responsible with this windfall. It will do better for you in the long run.
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