However, some people might regard my decision as unwise: after all, what 'goes up, must come down,' and interest rates will inevitably go up. I may regret not borrowing now, if I have to pay a higher rate on a car payment in the future. On the other hand, given that the low interest rates and economic stimulus have not has a seismic effect on job growth, I am still wary about spending too much, despite the fact that money in a savings account with a low interest rate is actually 'losing' value, because of the inevitability of inflation. My uncertainty about borrowing for anything other than what I absolutely need (other than student loans, which is 'spending' that does not directly result in higher levels of production in enterprise and takes me out of the full-time labor force) means that the government must find more direct ways to stimulate job production, other than cutting interest rates.

Income taxes

Income taxes are another example of a government policy that has a substantial effect upon the lives of many Americans. Without an income tax, the government could not fund its most basic operations. But taxes do take funds out of the pockets of ordinary consumers, and past a certain point, they can stymie productivity.

Cutting taxes on the incomes of lower-to-middle income people is more directly simulative than cutting taxes on the wealthy. The wealthy already save a greater proportion of their income, and poorer people are more apt to use the money they receive through a tax cut...

However, conservatives tend to stress the need to cut taxes on wealthy people who will presumably invest their saved income in revenue-generating jobs.
While I hate to see the deduction of taxes from my paycheck every month, thus far, in my lifetime, no income tax deduction has been significant enough to alter my spending habits. I am more apt to look at my personal needs (such as my need for an education, reliable transportation, and the wear and tear on items I own) than seek to immediately spend government money I receive as a refund.

'Cash for clunkers' and other rebates

Specifically engineered government programs, such as 'cash for clunkers' clearly had an immediate stimulatory effect -- when people knew that they had only a short period of time to take advantage of a car rebate, they acted as quickly as possible. Since I was not in the market for a new car, I did not, and this raises the question if people who participated in the program were genuinely motivated to buy new cars or if consumers intending to buy cars simply made the purchase several months before they might do so otherwise. In other words, car sales might plummet in the upcoming months to compensate for the recent, artificially engineered rise in demand. To truly have a more meaningful impact upon demand, a year-long 'cash for clunkers' program with a smaller rebate might have encouraged consumers who suddenly needed a car to buy a new rather than a used vehicle.