Comments on: Consumer Spending Off at an Unprecedented Rate http://www.ritholtz.com/blog/2009/02/consumer-spending-off-at-an-unprecedented-rate/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Tue, 14 Feb 2012 23:17:23 +0000 hourly 1 http://wordpress.org/?v=3.0.5 By: How the Common Man Sees It http://www.ritholtz.com/blog/2009/02/consumer-spending-off-at-an-unprecedented-rate/comment-page-1/#comment-145440 How the Common Man Sees It Thu, 12 Feb 2009 05:29:36 +0000 http://www.ritholtz.com/blog/?p=18301#comment-145440 :shock: Please let that money at least be going into savings :shock:

Please let that money at least be going into savings

]]> By: deanscamaro http://www.ritholtz.com/blog/2009/02/consumer-spending-off-at-an-unprecedented-rate/comment-page-1/#comment-144776 deanscamaro Mon, 09 Feb 2009 20:15:18 +0000 http://www.ritholtz.com/blog/?p=18301#comment-144776 I don't know that anyone could expect anything different. Debt that is out of site (personal and public), incompetent financial executives and what are and will always be the worst people to guide this country through troubled waters: our elected officials. The consumers are trying to back themselves out of problems they probably created themselves, while the other two groups are blindly dithering in a world gone bad. I don’t know that anyone could expect anything different. Debt that is out of site (personal and public), incompetent financial executives and what are and will always be the worst people to guide this country through troubled waters: our elected officials. The consumers are trying to back themselves out of problems they probably created themselves, while the other two groups are blindly dithering in a world gone bad.

]]> By: carmen101 http://www.ritholtz.com/blog/2009/02/consumer-spending-off-at-an-unprecedented-rate/comment-page-1/#comment-144767 carmen101 Mon, 09 Feb 2009 19:35:47 +0000 http://www.ritholtz.com/blog/?p=18301#comment-144767 I hate when that happens (looking at the line from left to right). I hate when that happens (looking at the line from left to right).

]]> By: Dow http://www.ritholtz.com/blog/2009/02/consumer-spending-off-at-an-unprecedented-rate/comment-page-1/#comment-144757 Dow Mon, 09 Feb 2009 19:01:50 +0000 http://www.ritholtz.com/blog/?p=18301#comment-144757 At this rate, just about anything is better than the useless stimulus plan. At this rate, just about anything is better than the useless stimulus plan.

]]> By: wunsacon http://www.ritholtz.com/blog/2009/02/consumer-spending-off-at-an-unprecedented-rate/comment-page-1/#comment-144737 wunsacon Mon, 09 Feb 2009 17:16:29 +0000 http://www.ritholtz.com/blog/?p=18301#comment-144737 Gee, we're broke. Best way to stimulate: give money not to the banks but to the poor.* They'll spend it. So, businesses, banks, and state sales tax coffers will end up with it anyway. But, not before the poor spend it on housing, food, and transportation. Give everyone a debit card and put $500 into it every month. It's a safety net and a stimulus in one package. (* To simplify administration, just give it to everyone. Don't complicate it with phaseouts, income ceilings, etc. Those complexities waste too much space in the news and consume too much of everyone's time.) Gee, we’re broke.

Best way to stimulate: give money not to the banks but to the poor.* They’ll spend it. So, businesses, banks, and state sales tax coffers will end up with it anyway. But, not before the poor spend it on housing, food, and transportation. Give everyone a debit card and put $500 into it every month. It’s a safety net and a stimulus in one package.

(* To simplify administration, just give it to everyone. Don’t complicate it with phaseouts, income ceilings, etc. Those complexities waste too much space in the news and consume too much of everyone’s time.)

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