Showing posts with label Tax Rebates. Show all posts
Showing posts with label Tax Rebates. Show all posts

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!