#1
Posted: 1/17/08 at 10:37pm
Tax Rebates Urged to Rescue Economy
WASHINGTON (AP) - United for urgent action, the White House and Congress raced toward emergency steps Thursday to rescue the national economy from a possible recession, including tax rebates of at least $300 a person - and maybe as much as $800. Federal Reserve Chairman Ben Bernanke endorsed the idea of putting money into the hands of those who would spend it quickly and boost the flagging economy.
Okay, are these people INSANE? I know I was a liberal arts major and math has always caused me anxiety, but even I know this is stoooooooopid band-aid of an idea. Bush's folly in the Middle East is costing HOW MUCH per month? And they're hoping that people blowing 300-800 dollars (at a time when one of the major problems with the economy is that Americans aren't saving anything) is going to "rescue" the economy.
Oh man.
Tax Rebates Urged to Rescue Economy
WASHINGTON (AP) - United for urgent action, the White House and Congress raced toward emergency steps Thursday to rescue the national economy from a possible recession, including tax rebates of at least $300 a person - and maybe as much as $800. Federal Reserve Chairman Ben Bernanke endorsed the idea of putting money into the hands of those who would spend it quickly and boost the flagging economy.
Okay, are these people INSANE? I know I was a liberal arts major and math has always caused me anxiety, but even I know this is stoooooooopid band-aid of an idea. Bush's folly in the Middle East is costing HOW MUCH per month? And they're hoping that people blowing 300-800 dollars (at a time when one of the major problems with the economy is that Americans aren't saving anything) is going to "rescue" the economy.
Oh man.
Tax Rebates Urged to Rescue Economy
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