Wednesday, May 7, 2008

SPENDING YOUR STIMULUS CHECK

by Jim Hightower

I'm totally excited that our tax rebate checks are coming! Washington has turned into Santa Claus, the Easter Bunny, and the Tooth Fairy, all rolled into one, now delivering $300 to $600 checks to nearly every one of us.

The idea is that we'll all rush out and buy, buy, buy – thus stimulating the economy, creating jobs, and causing bluebirds of happiness to trill with delight. Wal-Mart is ready for you, offering to cash your government checks for free and tempting you with special price promotions. Indeed, every big retailer is running shopper specials in May.

But, wait – most of the stuff sold in those stores isn't made in America. So those sounds of economic stimulation we're hearing – from factory machinery to bluebirds – are coming from China, Singapore, and other low-wage nations where U.S. corporations have moved production. Spending at the Wal-Marts won't create new production or new jobs in your town or mine.

That's why I have a different plan for my $600 check. I'm setting $400 of it aside to spend at farmers markets, artisan shops, and hometown businesses that sell goods produced locally, or at least produced in America. This way, our tax dollars can circulate here at home, genuinely benefiting our grass roots economy.

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