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My head hurts...
Mar. 8th, 2009 02:49 pmI count myself as a fairly well educated person. I watch and listen to the news, I read a lot of news and articles in the papers via RSS, and I try to keep up with all the "stuff" that's going on.
But although I've tried and tried - I just can't for the life of me see why the UK government has now decided to print a load of money and "pump" it into our ailing economy. How is that going to help anyone? If it's going to the banks, well, they're not lending anyone any money anyway, so they'll just have even more of it to not lend. If it goes to the businesses who are in danger of going under, it'll just be a stopgap, because if consumers can't afford to buy things, or don't want to chance it given the uncertainty over employment, then the money will pay a few bills but if nobody's buying, then it's just staving off the inevitable.
What they really need to do is give those of us who aren't rich, but who don't live on benefits, twenty grand apiece so that we can go out and buy things - I'd buy a new car if I could afford it, which is the best way to help the motor industry, surely!
I vaguely understand why governments the world over have been coming up with these multi-billion pound/dollar "rescue packages" - although I can't say as I'm thrilled at the idea that my taxes are going to be used as insurance against bad decisions made by people who earn in a week what I make in a year. But the reasons for the printing of the money are passing me by.
But although I've tried and tried - I just can't for the life of me see why the UK government has now decided to print a load of money and "pump" it into our ailing economy. How is that going to help anyone? If it's going to the banks, well, they're not lending anyone any money anyway, so they'll just have even more of it to not lend. If it goes to the businesses who are in danger of going under, it'll just be a stopgap, because if consumers can't afford to buy things, or don't want to chance it given the uncertainty over employment, then the money will pay a few bills but if nobody's buying, then it's just staving off the inevitable.
What they really need to do is give those of us who aren't rich, but who don't live on benefits, twenty grand apiece so that we can go out and buy things - I'd buy a new car if I could afford it, which is the best way to help the motor industry, surely!
I vaguely understand why governments the world over have been coming up with these multi-billion pound/dollar "rescue packages" - although I can't say as I'm thrilled at the idea that my taxes are going to be used as insurance against bad decisions made by people who earn in a week what I make in a year. But the reasons for the printing of the money are passing me by.
