Many of you have seen a boost in your bank account over the last week or so as the IRS has started the process of issuing rebates to about 130 million Americans. It's all part of the economic stimulus package, and yet according to a poll run by CNN 82 percent of Americans don't believe that the checks will do much of anything to give our economy the boost it needs. While the majority on the receiving end aren't confident that the checks will have their intended effect, many economists and politicians are holding their positive ground.
President Bush's Deputy Press Secretary Tony Fratto said, "It will boost the economy — it's impossible that it won't. It's like saying if I pour water into a cup, will it get wet?" At the same time, Secretary of the Treasury Henry Paulson noted that high gas prices will likely reduce the impact rebate checks will have on the economy. Where do you stand?
on Yahoo! |
?
I didn't use ANY of my check to stimulate the economy! It all went to bills.