Effects of the Stimulus Payment on the Economy

Show me the money! the famous line from Jerry Maguire. The government refractory that they were going to show us the money earlier this stratum in the form of a stimulus image. The stimulus check was supposed to boost our economy, however fit in to CBS News interchangeable Kelly Wallace states that with a recent survey of consumers, 51 percent say that they wouldnt overleap their rebate checks. Theyd instead bear on the money or use it to pay off bills and debt. The people, who did spend it, took the plunge with it. Some people learned how to play the guitar, mortal bought an engagement ring, some saved to buy something else such as a horse, one person used it to fetch come in of jail and yet another invested it in his own business, harmonize to HowISpentMyStimulus.com website. Back in January, Congress and President render discrete that the economy was slipping into a recession and that they needed to do something about it. When they were first talking about it, the Democrats expected to score it more towards the lower class people simply because they would be more likely to spend it quickly and help get us out of a recession. At first, they were looking at individuals getting a tax rebate of $800 and couples getting $1600.

With a package total of no more than $150 million dollars, or about 1% of the Gross Domestic harvest-time of the United States. Unless Congress acts, the American people will side of meat massive tax increases in less than three years, Bush said Friday. This tax increase would put jobs and economic step-up at risk. And Congress has a responsibility to keep that from happening. according to John Schoen from the MSNBC website. This was the second time during the Bush administration that we develop had a recession. Obviously the first one did not work, why would he think that this one would? Especially considering the gas prices climbing, the fare prices rising, unemployment rate rising and the number of houses that are being foreclosed on.... If you want to get a full essay, order it on our website: Ordercustompaper.com

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