Opinion Republic

From a fellow ranter

Tax rebate checks in the mail by spring

“WASHINGTON – The checks aren’t in the mail, but they will be soon. President Bush signed legislation Wednesday to rush rebates ranging from $300 to $1,200 to millions of people, the centerpiece of government efforts to brace the wobbly economy. First, though, you must file your 2007 tax return.” – Yahoo News

Well, Its about time Mr.Bush! Now I can get my stupid stimulus package and use my credit card to buy stuff, thus making corporate America, even more corporate!!!!![sarcasm]

“More than 130 million people are expected to get the rebates, starting around May. Congress, Bush, the Federal Reserve and Wall Street are hoping the money will burn such a hole in people’s pockets that they won’t be able to resist spending it. And the spending is supposed to give an energizing jolt to a national economy that is in danger of toppling into a recession if it hasn’t already.” – Yahoo News

See, I told you. They forgot to mention the credit card companies though.

“Whether people actually spend the money remains to be seen. A recent Associated Press-Ipos poll indicates most people have other plans. Forty-five percent said they planned to pay off bills, while 32 percent said they would save or invest it. Only 19 percent said they would spend their rebates.” – Yahoo News

Yeah, they’re just saying that, but when you throw $1200 dollars in some ones face, I’m pretty sure you’re gonna see them in Disney land a few days later. If you give a squirell an acorn is it not going to eat it?


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