From the article:
"The rebates, approved by Congress earlier this year, helped push May retail sales up at twice the expected rate. But consumers are still facing rising gas costs, falling home prices and the struggling job market"
So how is this not indicative of a recession?
The official definition of recession is when GDP growth is negative for two consecutive quarters or more. We have yet to have one quarter of negative growth.
Did all the checks go out already?
I haven’t gotten crap in the mail.
Its a good thing those government checks in May kept the economy growing in January, February, and March!
Well, if the stimulus checks worked so well and I haven’t heard anyone complain of government programs being cut, children starving, etc. because of these stimulus checks, then I vote the government sends us even more of our own money back so we can do our part in keeping the economy going.
So... if letting us have tax money stimulates the economy, why not just cut our taxes?
Never mind... that is common sense (which Washington is lacking) and would be counter-active to income redistribution..... Why should WE keep our own money when there are other people who didn’t earn it who want it?
I’d do my part to keep the recession at bay with MY stimulus package, if we ever GOT the darn thing.
Some people call that whistling by the grave yard, I picked up a copy of the Washington times this past week, it had three pages of foreclosures, most in the $300,000 range.
Mine is in the market (what there was of it!). It really ticked me off that I got shorted while those who paid zero taxes got a full measure.
Geeze, giving back citizens some of their own money “saves” the economy.
Yo, Nancy, Harry, wouldn’t it be simpler just to let the taxpayers KEEP more of their own money?
Or is there some major difference between cutting taxes and giving rebates?
(Oh, that’s right, demonrats handing out “government” money will buy votes. Especially if those people don’t pay taxes to start with.)
We paid big bucks so someone else could get our check.
Ok Joe six pack got his gas tank filled up for the month, a 20 pound bag of rice, eggs for the month, a dinner out at the local buffet restaurant for the family and a new pair of jeans and a couple cases of beer. The check is gone but the bills are still there whats next?
Does anyone over the age of 14 believe the Consumer Price Index published by the government?
Congress is stupid, incompetent or corrupt. I vote for all three.
| Last two SSN digits: | Payments will be mailed no later than (and received a few days after): |
| 00 through 09 | May 16 |
| 10 through 18 | May 23 |
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Because the technical definition of a recession, from Econ 101, is two straight quarters of zero or negative economic growth”