If you haven’t already heard, our economy sucks. We owe billions to foreign lenders. The dollar is so weak that the Euro, Canadian dollar, and Yen are flexing like Schwarzenegger compared to our Urkel.
Something has to be done. People are losing their homes. Their cars. Their jobs. What’s the solution?
Distribute another $150 billion of our governments (negative) money to the masses, says Bush.
It’ll come in the tune of a $500 tax rebate for individuals.
Bush’s urgent remarks gave fresh impetus to congressional leaders already hard at work on an economic rescue package that would include extra money for food stamps and jobless benefits in addition to tax rebates of hundreds of dollars each for millions of Americans. The hope is that people would immediately spend those rebates and give the economy a badly needed boost.
Forgive me if I’m a bit wary.
Bush has gone down the tax rebate road before. Back in 2001, he added refunds of up to $300 per individual and $600 per household as a recession-fighting element of the tax cut plan that had been the centerpiece of his 2000 campaign.
And apparently it’s part of his exit campaign too.
Popularity: 4% [?]
It was a long yesterday… Thanks for the compliment — I... 
I dig your blog, btw.
January 19th, 2008 at 12:39 am
Let’s see, gas has been forecasted at $5/gal this summer, milk about the same per gallon (wtf?!?! That fucking cow doesn’t even get good mileage!!!), the Euro is equivalent to $1.50 USD, here in IL Blago raised taxes (while cutting out revenue from liquor and cigarettes on the business end.), 2 war fronts (Actually it’s 4…did you know OEF is going on at two seperate places in Africa…they just happen to have lots of oil too!), let’s see…well, anyway, you get the idea. I don’t think $500/person is quite enough to do it.
Here’s a weird question..perhaps someone can answer this for me. Earlier this week Bush was pressing OPEC to increase the supply and lower the price…um..fair enough OPEC does have a big handle on the price of oil. I looked at the US imports/exports list for 2006, Saudi Arabia contributes to our oil, but not that so much that our prices are going out of control. Aside from Saudi Arabia, the only other place we get oil from in the Middle East is a HUMONGOUS amount we’re taking from Iraq. So, um…exactly what’s driving the prices up here at home since we’re not really all that dependant on OPEC???
Just curious.