Tax refunds in November?

Market upswings are not sustainable for as long as the economy continues to slow down. The financial services sector got its relief but Main Street does not relate to it at all. Consumer spending might not play the biggest role in the economy but undoubtedly, it is the driving force to get the wheels going.

Store closings, bankruptcy notices, foreclosure signs, credit card companies slashing down credit limits, small businesses reducing employee benefits, etc. are some of the realities prevalent on Main Street. This does not do anything to restore consumer confidence neither does the news of capital injection into financial markets. The complexities of Wall Street are beyond Main Street. Families who live paycheck to paycheck do not know what this means to them. All they know is that they are hurting and unable to meet their financial obligations.

They are angry and demand change. They are so angry that their emotions are far stronger than recognizing the consequences of the most important right they are about to exercise, the right to vote. We should give them the financial relief needed now and not after the elections.

Americans should be enabled to spend.

Why not give them back some of their money which make up the 700 billion rescue package. In my previous blog, I suggested providing temporary financial vouchers designed for specific needs- gasoline costs, food, heating bills, mortgage or rent payments and healthcare expenses.
The direct benefits provided to Americans by these temporary economic aid package will restore their confidence that has been eroded for a long time.

Give the American people some of their money back and watch the market stabilize.

http://riyah6.blogspot.com