The recent success of GM’s rebate program giving consumers the same prices as their employees gives me an idea that if a similar program is adopted by major products and services such as housing, appliances,medical services etc. could lead to a boom.There is even a precedence ( although not a very successful one) on the Republican side. I am referring,of course, to the Supply Side Voodoo Economics program. Tax cuts were supposed to usher in investment and boom times. I think the program I have outlined will increase demand and is more likely to result in employment, higher tax revenues.
What do our resident economic mavens think about this?
