I get periodic e-mails from my agent telling me the general state of the publishing industry. I don't know if he's setting me up for bad contract news or what, but it's concerning.
If I'm the owner of a book publishing house, would the news that the government will spend hundreds of billions of dollars on building roads and bridges make me feel better about the future? Maybe. If I believed that all those workers would eventually want to go out and buy books, maybe I'd feel a little better. I might want to tell the company and the shareholders that, and hope they'd believe me (and not fire me).
But what if I was told that the government will cut personal income, capital gains, and corporate taxes by 10% and eliminate payroll taxes for the next 2 years? To me, that sounds a lot more promising. I'd have my accounting department prepare a report on how much that means and work that into the budget, and I'd get ready to tell the shareholders and the company the good news.
(Then of course I'd call Dale Brown's agent and promise a bigger contract).
There's no doubt that building bridges, STD research, more money for education, extending unemployment and Medicaid, etc. are all good investments. But is it stimulus?
They might be. But I think tax cuts would DEFINITELY do the trick.
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2008
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