Much to nobody's surprise, the rebate checks issued as part of this year's economic stimulus package haven't done enough to boost our economy thus far. In fact, economists are wondering if another round would prevent our economy from falling apart entirely. Strong words? Yep, but there are too many people losing their homes and suffering from job losses to ignore the big pickle that is our economy.
Democratic leaders have initiated the idea of a second stimulus package that would include spending for roads, bridges, schools, and other public facilities. The possibility is being discussed, and while President Bush admits that growth had been “slower than we would have liked,” he also wants to let the first package "run its course" and reassures that he "is an optimist."
Expect more debates surrounding the issue throughout the Summer and then some. If another plan including additional rebate checks does come into play, let's hope they hold off from releasing inaccurate schedules and from sending expensive letters regarding the issue.
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Especially since this past week the reality of how high the gas prices are hit me & my bank account.. :T Plus, I actually had to bargain shop at the grocery store. I've never done that! lol Anyways, I agree. The government's going to need to do more than send out miniscule amounts of $$ to help stimulate our downward spiraling economy.
I have NO idea why our president would've thought that the stimulus checks would have a huge impact on the economy. People are losing mortgages and are struggling just to pay basic bills. I don't know too many people who went and brought flat-screen TVs and cars.