New York Mall Hands Out Cash

February 23, 2008 by Chuck | 0 Comments

If you’re near this mall, maybe you can take a break from working at home and stop by for a cash handout. $50 is still $50 until tomorrow of course when it’s $50 less inflation. Who knows? It might catch on at a mall near you?

On another note, it seems like the malls that were very busy just a few years ago are dying. One near us has pretty much emptied out it seems because a Super Wal Mart entered next door. The business has moved out from the mall to free standing businesses outside the mall but - originally at least - drawn to that area because of the mall.

From Newsmax

A New York shopping mall is doing its part to stimulate the struggling U.S. economy by giving away $20,000 in cash to unsuspecting passers-by, hoping that handing out $50 bills will boost consumer confidence.

People dressed as Uncle Sam and the Statue of Liberty started handing out $1 bills around the borough of Queens earlier in the week, then began shelling out $50 bills at the Atlas Park shopping center on Friday.

Recipients are asked to spend or invest the money and told that if people have confidence in the economy it will become a self-fulfilling prophecy.

The handouts will continue for two months until reaching $20,000, equivalent to $0.05 per square foot of retail space.

The mall owners say the private-sector effort will “supplement” the $168 billion stimulus package signed into law by U.S. President George W. Bush on February 13.

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