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Yesterday, President Bush visited a small business in Virginia and discussed his plans for reviving the economy. To make the economy “stronger than ever before,” Bush argued, we must wait for people to spend their rebate checks:
There’s a rough patch right now in our economy, but I’m confident in the long term we’ll come out stronger than ever before. One of the most decisive actions a government can take is to give people their money back so they can spend it, and that’s exactly what we’ve done. In the second week of May, a lot of folks are going to be getting a sizable check. And I’m looking forward to that day, and I know they are as well.
Originally posted by FlyersFan
No it won't make the economy stronger. Well .. it will give it a boost for about 4 months. That's it.
Originally posted by groingrinder
People who made less than three thousand dollars will not see any kind of an "economic incentive". What the heck is with that? The poorest people are the ones who will go out and spend it. And they are the ones who need it the most. The govt. should have rolled three thousand dollars off the upper limit and made the lower limit extend down to those who made nothing. Calling it a tax rebate was a smooth ploy to keep from helping the poor.
Proof the govt. cares not a whit about the poor man.
[edit on 3-28-2008 by groingrinder]