02-11-2009, 02:22 PM
<!--quoteo(post=17309:date=Feb 11 2009, 12:17 PM:name=rok)-->QUOTE (rok @ Feb 11 2009, 12:17 PM) <{POST_SNAPBACK}><!--quotec-->Actually, that isn't true about the notion that rebates that go directly into the bank and aren't spent immediately doing nothing for the economy. Money deposited in banks is multiplied many times over by banks lending that money out (the whole point of the banking system), under normal credit circumstances of course. That's banking 101.<!--QuoteEnd--><!--QuoteEEnd-->
Rok, stop being so literal with me dude. I realize that the money doesn't disappear. The point is that:
A) Once the rebates go out we have no control over what happens with them. They could go under you mattress.
B-) Even assuming that money in the bank is multiplied many times over, there is no advantage to that money being immediately in the bank, over money being spent on a project. Money spent on a project will create jobs, AND at worst, be put in a bank to offer the same advantage of a rebate check going straight to a bank.
Rok, stop being so literal with me dude. I realize that the money doesn't disappear. The point is that:
A) Once the rebates go out we have no control over what happens with them. They could go under you mattress.
B-) Even assuming that money in the bank is multiplied many times over, there is no advantage to that money being immediately in the bank, over money being spent on a project. Money spent on a project will create jobs, AND at worst, be put in a bank to offer the same advantage of a rebate check going straight to a bank.
I wish that I believed in Fate. I wish I didn't sleep so late. I used to be carried in the arms of cheerleaders.