Are Economic Stimulus Checks Working

Serious fix can be done from inside of your country, Mr Trump. Never expect that you get the fixation from other countries. I believe all countries around the world are fix the inside system of their country. The grass is more greener in other fences, that's true, when we see only from outside. One of my US colleague said that he wants to do his business with capital from my country. My mind said what is wrong with his country? I believe this man only trying to avoid the tax to government. In other words, this man is irresponsibility man to his country. Never deal with this man at all! That's what I said to myself! No matter how genius this man, I need a professional business term, not personal term!

Mr Trump,

Its what I've been saying all this while. The stimulus is only to delay the whole thing from happening. It's not a total solution to the problem. It will be a disaster to believe that the stimulus will save America. Oil prices have reached a never before record of 147dollars last week. I believe it could soon reach 200 dollars per barrel. The solution is simple. Un-necessary spending has to stop. The political scenario has to be turned around. With Bush around, i am left to think that it is almost impossible. I guess Obama would do a better job. We are now fighting for the country's economic survival and it surely has nothing to do with solving problems in other people's country so why are the leaders still in a haze about the situation. There should be no doubt. America's beef has been finding rejection from the Korean's and many other countries around the world. The situation will not improve if the government does not take good care of the cattle and leave the cattle to abuse and disease. It's gobsmacking from what i've seen in the video's about how these cattle are treated when they're infected with disease and left to rott by their breeders. Mr Trump, the word has to get round and the government as well as the leaders of the government have to get the gravity of the situation. The time to act is now or it may be never.

Prince Dudley
Systems Engineer
http://birdseyesview.blogspot.com

Is it really helping the purchasing power?

We say yes and no. Saving to pay off debts and paying for the increase fuel prices. So, at the end of the day it helps stimulate the purchasing power. And we noticied that a more elected to purchase computers and the company of Dell computers ran some incentive sales. Strategy.

The value of the dollar...a lot of strategy with business owners offering special deals. With-out that, it might not look so wonderful.

This post by Mr Trump reminds me of the book which he and Mr Kiyosaki wrote 'Why we want you to be rich'. In Singapore, lots of financial aids are also being distributed, reason being 'to offset the Goods and Services tax (GST) increase, from 5% to 7%. In some countries, that is known as the Value-added Tax (VAT). However, this brings me to attention to one of the greatest problems plaguing out society today. And that is financial education. It is true, as Mr Trump says, that this Economic Stimulus is going to work for the short term only. For the long term, financial education is key to solving financial problems. As Mr Kiyosaki always said, "Money won't solve your problems. Financial Literacy will." And this this financial handout by the US government will not only NOT solve the problem, but may even aggravate it as well. Even if U.S. citizens make 'well-thought-out purchases', it won't really solve the problem. Of course, eradication of financial problems is hard, because it all boils down to upbringing and what people are exposed to, but sometimes, well-meant government handouts would cripple people's mentalities into thinking 'the government will take care of me when things go wrong' and that is of course, detrimental. And i'm sure Mr Trump would agree with me.

Alexchious

http://thebillionairejournal.wordpress.com

If I may sir! I completely and whole heartedly agree with your analysis of the current economical situation. Unfortunately for the US economy, the politically climate, getting close to the presidential election will prompt President Bush to keep a restraint and not put the republican candidacy at risk. It is therefore highly unlikely that the current administration is going to put a radical operation style economical organ transplant into being before the election.

Instead we will see a serious of quick fixes just too temporarily restrain the bleeding and/or to resuscitate the economy at one point or another. The consequences of these are and will be felt by both small and big businesses and I wanted to thank you for pointing out and making people aware of the current situation. An economy on life support is hardly good for business and it´s important that people from all segments of society both nationally and internationally speak out and discuss the need for a long term solution. Since Europe is a close trading partner to the US we are also feeling the pressure and paying the price. My admirations and hopes are that the presidential candidates regardless of political affiliations will be inclined to takes some serious action that will have long term benefits for the economy as soon as they get into office and statements like yours contribute a fair deal into making it happen. Thank you very much and friendly greetings from Sweden!

//Gellert F. Keresztes Political Science Master student

Heyy,Donald,How is Going?? -((
With USD Dropping all the time ,It really a big problem for American Economy,It is very bad for USA Import However better for exporting ,I definately think US administration should resolve the problem also do not forget to consider this single point.Also some smart businessman should make a great profit based on this point...Government Macro control should based on the real problem,The germ,Not simplly the Phenomena..And before make a decision ,They had better make a research about the Macroeconomics....Beautiful Day,Tess...

Fixing the wage gap = The Economy will fix itself> Here's how & why>

1st a few statistics;
1-1% of us has a net worth exceeding 90% of us.
2-There are 9 million millionaires in an ever-dwindling work force of 140 million.
3-50% of us take home $2000 or less per month.
4-40% of us take home between $2000 -- $4500 per month.

Next-- A few facts;
1- A 1.2% consumption tax would eliminate the need for the income tax on 90% of us.
2- A 1.6% consumption tax would eliminate the need for taxation of business profits.
3- A 2.6% consumption tax would eliminate the need for the entire SS/Med/Un method of taxation.
4- A 1% consumption tax would eliminate the need to borrow to pay the interest on the National debt.
5- Creation of a budget monitoring agency charged with the responsibility to monitor & adjust tax rates to keep the budget from ever receeding into the red is a good idea.

Enabling the consumption tax method of taxation as indicated above appears to be a good thing so why is it that Congress refuses to even look at the consumption tax as a means by which we could fix our economy? The real problem with the economy is the monsterous wage gap that has been allowed to grow & fester in recent years and the only way to fix the problem is to put more money in everyone's pocket without increasing the cost of goods & services. The elimination of all above taxes coupled with the enactment of the consumption method would actually lower the cost of goods because the total tax load to business would decrease due to the cost of the new tax being less than the overall cost of taxes currently being paid by most businesses. There are some businesses that pay minimal taxes on profits but all legal employers pay into the SS/Med/un fund & that tax would be eliminated as a cost so overhead would have been reduced. Other businesses currently paying little or no tax on profits would experience some increased taxation but with the overall cost of goods going down the net effect upon profits would be minimal or have no meaningful effect at all. The benefits far outweigh the arguements against the consumption tax so my only question is why is it that Congress or the President or some other influential member of Government besides Mr Greenspan & economists from all of our financial institutions recommending that we make the transition to the consumption tax? Thats correct--- Mr Greenspan & many economists have long recommended that we transition to the consumption tax. --- & here we sit with our economy falling in around our ears doing useless, time honored things such as applying band aids like the housing bill which will do nothing but put another hole in the economy like the stimulus package payments did & we will have to pay for it later.We do not need band aids--- We need surgery & the consumption tax is the surgeon.

Fix The Wage Gap & Watch The Economy Fix Itself!-Here's How>

No matter what one thinks as to why or how our economy got to where
it is today, the fact is that there is only one way to adequately &
quickly fix this mess. That way is to do something that funds
Government, increases take home pay significantly without raising the
cost of wages to employers, decreases the cost to do business to
business, & eliminate the need for the Government to borrow money in a
manner that never again allows Government to borrow.
How might that be done?-- Follow along>> The Bureau of Economic
Analysis (BEA.gov) reported almost $25 Tril in gross purchases for
2007. That amount taxed @ the rate of 6.6% mathematically eliminates
the need for all of the following taxes & borrowing while
accomplishing all of the above objectives.
1-Income tax on 90% of taxpayers.
2-Tax on business profits.
3-The entire SS/Med/Un method of taxation.
4-Borrowing to pay towards the National debt.
5-Creation of a budget monitoring agency whose job it would be to
monitor & adjust tax rates to never allow the budget to recede into
the red ever again.
I realize things are not as cut & dried as this might indicate but it
could well serve as a model for Congress or the President or some
committee to use as a guideline to come up with something similar that
will work.
Consider this for starters- A 1.2% tax on the $25 Tril will eliminate
the income tax on 90% of us. Is that worth considering?

The economy will recover once savvy people learn to adapt. Higher fuel prices will drive suburban dwellers to urban areas where they can work and play within walking distance from their homes. Smart developers will develop such areas. Entrepreneurs will open businesses in these urban areas to cater to the residents' needs. Companies will start to allow workers to telecommute more rather than chain them to a desk, which will cause an increase in home network/computer sales. People who would normally seek employment outside the home will start Internet businesses or work for companies that allow telecommuting. Everyone's driving radius will decrease, but those who learn to think differently will be the ones who are successful.

Honestly, I invested my check into my ING StockBuilder Account and bought me some small company oil field driller/rigger stocks... I did enoy the "Why We Want You To Be Rich" book and will keep my worn copy handy to review passages over the next 8 years. As an American Im honestly frightened for our future but I do not wish to succumb to teleology. As for my Famliy, I will fight for my individual contingency !

God Bless The United States of America !

To be realistic, a check for $1200 isn't a whole lot today. And, as you, Mr. Trump and Mr. Kiyosaki point out in your book, it's going to take a bit more than just giving some people a little bit of money to make any kind of meaningful impact. For us this check will help with our vacation. Now if that means the stores, gas stations and other vendors that receive money on our trip from that check will be helped, then I guess you could say the stimulus checks are "working." It's that definition of "working" that seems to be unclear - besides a minor nudge in consumer spending, what really did "the government" hope to achieve? And, does a program like this fall into the "entitlement" category? Just my thoughts as one of millions of consumers.

"We need a serious fix, not a short-term solution."

I'm very interested in Mr. Trump's perspective on serious long-term fixes for our economic issues. Could the Trump U blog please be used to share his ideas on the subject of what SHOULD be done?