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Where Your Rebate Check Goes

Posted By Barry Ritholtz On June 6, 2008 @ 4:00 pm In Consumer Spending,Retail | Comments Disabled

Our Friday afternoon digression comes via Mark Faber’s Doom, Gloom & Boom report [1], this has to be the funniest thing I’ve read all week:
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"The federal government is sending
each of us a $600 rebate. If we spend that money at Wal-Mart, the money goes to
China. If we spend it on gasoline it goes to the Arabs. If we buy a computer it
will go to India. If we purchase fruit and vegetables it will go to Mexico,
Honduras and Guatemala. If we purchase a good car it will go to Germany. If we
purchase useless crap it will go to Taiwan and none of it will help the American
economy.

The only way to keep that money here at home is to spend it on
prostitutes and beer, since these are the only products still produced in US.
I’ve been doing my part, and I thank you for your help"!

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-Eliot Spitzer
(former Governor, New York)

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URL to article: http://www.ritholtz.com/blog/2008/06/where-your-rebate-check-goes/

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[1] Doom, Gloom & Boom report: http://www.gloomboomdoom.com/

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