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Monday, August 25, 2008
Little bang for (rebate) bucks
The Atlanta Journal-Constitution
Preliminary studies show many consumers did one of three things with the economic stimulus checks they received a few months back. They either put the money into savings, used it to cover rising food and energy costs or paid off debt. (I did the latter.)
Not one of the three, according to a business story by Robert Cohen of Newhouse News Service, stimulated demand for new goods and services. Analysis of the $100 billion stimulus package continues, but critics are already saying the plan didn’t - and won’t - deliver enough bang for the buck.
What do you think? How did you use your rebate check? Is another federal stimulus plan warranted?
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