So Much For That Theoryby Doug Mataconis
Well, it looks like President Bush’s theory that the phony economic stimulus package would actually accomplish anything will be proven to be untrue:
NEW YORK (CNNMoney.com) — Tax rebates are the centerpiece of the government’s plan to stimulate the economy, but many Americans are planning to put the money in the bank or use it to pay off debt, according to a survey released Monday.
A CNN/Opinion Research Corp. poll found that 41% of respondents plan to use their rebates to pay off bills, and 32% will put the money in savings. Just 21% of those polled intend to spend the money, while 3% said they will donate the extra money to charity.
Come on Americans, don’t you realize that what your President wants you to do is be entirely irresponsible and use that stimulus check to go out and buy a nice new high definition TV ?
If you don’t spend it all within 24 hours of getting it, you’re letting the terrorists win.
Or maybe you’re realizing the truth, which is that the entire economic stimulus package is a sham.