JKirk

The Bush Fiscal Stimulus Plan: Looks Good to Me

The whole point is for people to spend the $800 on a TV, not save it; that's the economic stimulus. Though it wouldn't hurt headline news if people put it towards lowering their CC debt. From a psychological standpoint it's important that Joe Public feels like the government is doing something to prevent a recession- because if Joe doesn't feel that way then he'll stop spending/consuming... and we will be in a recession, and the downward spiral continues....