On 25 Aug 2004 12:29:52 -0700, Nate Perkins wrote:
For
similar reasons, enacting a nonstimulative tax package during a
recession is unwise because it incurs long term interest rate
increases while not providing spending stimulation.

I don't know about you, Nate, but I cashed that check and spent it.
Sounds pretty much like it provided at least some "spending
stimulation". I'm pretty sure I'm not unique in that regard either.

Yeah, the economy
may be slooowly bouncing back, but it's still nowhere near the economy
that existed in the 90's. Unemployment is higher, real wages after
inflation are lower, and the costs of many goods is up. I work in
high tech, and we are still hemorraging pretty massively.

I do too, and I don't see what you're seeing.