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Will Bushes Rebate hurt more than help ...?
He borrows to give everyone a rebate to boost economy...who holds the paper...the Chinese...what products are we buying...chinese...so we owe them and give to them all in his great plan to boost consumer confidense....and we spend $ that will be taxed as added income later...how does this help anyone but the chinese? Let's think this over....Mmmmmm
1 Answer
- 1 decade agoFavorite Answer
I don't quite know how to answer that....
Personally I think it's not going to really do anything for the economy like he says or wants it to. I'm sure it will be a quick fix for *some* people ... but the rest of us are going to either save it, invest it, or use it to pay off outstanding bills. I don't know how that's going to help or hold off an impending recession.
I personally intend to use it to pay off a couple credit cards and than instead of using those cards again, *I* intend to cancel them and cut them up.