Friday, May 09, 2008

The Deciderer's cash surge for the economistic problems

Does not have people leaping for joy and going shopping:
NEW YORK (CNNMoney.com) -- Eight in 10 Americans believe that the government's $110 billion effort to help consumers will not boost the economy, according to a poll released Friday.

A CNN/Opinion Research Corp. poll conducted April 28-30 found that 82% of Americans believe the stimulus package will fall short - compared to 70% in February.

The program, passed with bipartisan support earlier this year, will give tax rebate checks to about 130 million Americans. Most single Americans earning $75,000 or less who filed a tax form will receive up to $600, and married couples earning $150,000 or less could get up to $1200.

Treasury has sent out nearly 30 million payments totaling $27.2 billion. But of the more than 1,000 people polled, only 13% thought the stimulus was sufficient to help economic conditions.

The White House begs to differ.

"It will boost the economy - it's impossible that it won't," said President Bush's Deputy Press Secretary Tony Fratto. "It's like saying if I pour water into a cup, will it get wet?"
In other words, you're not clapping hard enough, dammit!

1 comment:

ellroon said...

It's the people's problem when they can't see the Emperor's new clothes. The Bush administration can see the fabric just fine!