GoFaxer Blog

With a potential recession on the horizon, both President Bush and the Fed Chairman, Ben Bernanke, are speaking about creating an economic stimulus package that should hopefully mitigate the effects of the slowdown.

Quoting from msn.com, quoting Mr. Bernanke:

“. . . efforts that involve “putting money into the hands of households and firms that would spend it in the near term” would be more effective than other provisions, such as making Bush’s tax cut permanent. “Again, I’m not taking a view one way or the other on the desirability of those long-term tax cuts being made permanent,” he said.”

He emphasized that this package should be temporary, but not long-term to avoid the risk of long-term problems. He emphasized that it should go to middle to low-income households because they will be the most likely to spend it. Wealthier households may or may not spend it.

This could also apply to small businesses that would be most likely to spend extra cash. One of the best ways for small businesses to generate extra cash during this time is to begin using Internet fax services. These services allow businesses to send and receive faxes through the internet, avoiding the expenses of fax machines, paper, and toner.