Instead of a public stimulus, let’s try a private stimulus

Dave Ross Commentary – Listen: Instead of a public stimulus, let’s try a private stimulus

The economic numbers remain tepid.

“Consumer spending was up only 2.2 percent, that was versus 2.7 percent,” said a news report.

Even people who are working aren’t spending money:

“If you have a job that’s great, but you don’t feel secure in that job. If you don’t have a job obviously you don’t have the money to spend.”

And gas prices, even though they’re dropping, are still high.

“When people are spending more money at the pump. They withhold spending from other areas.”

And no one seems to have the magic formula for fixing any of it.

Except me.

And I know my fellow Boomers are not going to like this, but I see no other way.

There is no gas shortage, there is no food shortage, there is certainly no shortage of housing, and there is no shortage of people looking for work to do. What you need is something to bring all those resources together, and that something is MONEY — money in the hands of people who will spend it on the stuff the American economy makes.

So we have to start handing out money. Not the government. I’m talking about us personally.

What keeps the US economy going is when young people form households, and today’s young people — our children — simply feel too insecure to go out and buy stuff. Because they have no job security and their pay is lousy.

So we need to start giving them their inheritance NOW. Instead of a public stimulus — a PRIVATE stimulus.

Because they’re the generation that will go out and spend it!

Just write them a $10,000 check. In fact, each spouse can write a 13,000 check without having to even REPORT IT to the IRS as a gift. Write them a check, and tell then to spend it on something made in America.

Because they’re the ones who’ll buy the homes, the appliances, the furniture, but WE’RE the ones hanging on to all the money. And the only thing OUR generation needs … are those little electric scooters. And you can’t build an economy on scooters.

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