[Gllug] [Long] Down-under response. Was: File On 4 on waste in Govt computing projects

[Richard Jones]

On Fri, Mar 05, 2010 at 10:16:23AM +1300, David L Neil wrote:
> Compare this with the UK and US governments giving wads of cash to the 
> merchant bankers, who instead of passing it on (even to their 
> oft-sacrificed retail brethren), simply held on to it and used it as 
> fuel for the bonuses they are paying themselves today.

The US also distributed cash to the population, in the form of "rebate
checks" (cheques) in the $300-$600 range to most taxpayers.  It's not
really clear how much effect that had.  Wouldn't sensible people have
mainly held on to this money because of their uncertainly over future
prospects?  They would have saved it in the bank, and the banks would
still have had to increase their minimum capital ratios, so would not
have been lending it to anyone.

Rich.

-- 
Richard Jones
Red Hat
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