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2nd stimulus coming: How much you'll receive

It's going to happen....the only question is what consumers will get out of the next stimulus this New Year.

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imatechie - 1/13/2009 6:56 AM
IMHO, nothing is going to help unless we can get rid of those 'Sticky Prices' and in order for that to happen, that has to start at the top of the supply chain. For example, an .85 cent loaf of bread is now around $2.00. For this to come down, it would have to start by the grain growers reducing costs to the mills, who reduce costs to the packing house, who reduce costs to the distributor, who reduces costs to the stores. Who reduces the price to the customers. Since everyone reduces costs by the same amount, the profit margin for all stays the same. Consumers see the new low price and by more product. Now they have to make more product so they have to hire more people. This would also eliminate dead product (Stuff that can't be sold because it went out of date on the store shelfs), in the end, this would increase profits for all. It doesn't matter how many jobs or anything that they create, the end result is that since everything goes up by the same amount, the spending margin would be almost exactly the same. So if they want to stimulate the economy they need to do this: 1. Help the sticky prices to end. 2. Increase food stamp benefits 3. Once the sticky prices are down, issue a second rebate check double the amount of the first one. The main reason the first check didn't work was that the gas prices were way to high at the time and most people used them to pay their bills or to put in savings. As long as gas prices stay pretty much where they are at now, and we can get sticky prices to come down, consumers would be more likely to spend the money this time around. Anyway, that is how I see it. Brad Lakeland



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