[Marxism] Interesting question
bauerly at yorku.ca
bauerly at yorku.ca
Fri Aug 1 09:00:28 MDT 2008
I was reading about how some think that the economic stimulus checks have helped
to artificially boost the economy during this time of inflation. This got me
thinking about the role of this stimulus cash as a stealth government bailout
of investors who risked huge losses due to their investment in the toxic paper
held through the SIV's of mortgages. It seems to me, but I have not crunched
any data, that the economic stimulus package arrived as the price of oil and
gas was climbing and that it kept climbing because people put that extra money
towards rising fuel, food and ever thing else oily. One way to look at this is
as a transfer of wealth from government coffers to commodity investors through
individual citizens cloaked behind a veil of supply and demand problems of peak
oil. The question to be asked and to look for the answer to over the next few
weeks is how the depletion of the stimulus cash will impact (and has already
impacted) the ability of citizens to consume oily products? Furthermore, how
the lack of this cash will send the vampires of finance flying off to suck the
blood from some other vein of the working people.
Brad
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