Thursday, January 24, 2008

Grocery and Gas stimuli

It is a sad state when an article on economics and tax rebates make one chuckle. Perhaps the cynicism has already set in. Tax rebate deal could mean checks by May
With unprecedented speed and cooperation, Congress and the White House forged a deal Thursday to begin rushing tax rebates of $600 to $1,200 to most tax filers by spring, hoping they will spend the money just as quickly and jolt the ailing economy to life.
With the value of the dollar by then, that should fill up the SUV twice. Reminds me of the saying, don't spend it all in one place.

The "unprecedented speed and cooperation" line made me smile, only spending someone else's money gets met with such speed and cooperation in Congress.
agreement to pump about $150 billion into the economy this year and perhaps stave off the first recession since 2001.
Don't know what they call it in DC, but "stave off" may be a tad late and "first recession since 2001" doesn't buy many groceries for me. Maybe life is better when you get to vote for your own pay raise and spend other's money.

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