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The Bush 2008 Tax Rebate Check Plan
Better than nothing, but limited effect at best 2008 Tax Rebate Check The Bush regime announced a tentative deal with congress today to rebate American tax payers a one-time tax rebate check of more than $1200 to families in the lower tax brackets with children, in a last ditch effort to save a stumbling economy. It must be pretty bad, worse than we're being told, when first the Federal Reserve attempts to save the stock market with a panic 75 basis point rate cut, followed 2 days later with a "stimulus" package that both a republican White House and a democrat controlled congress agree to a tax rebate check program. Most experts outside of government control agree that these moves will have a limited effect at best. Although the rebate is larger than the original estimates of approximately $800, it will still have little impact on an economy bound for recession, possibly depression, and on the verge of suffering from stagflation. As prices rise in the Oil, Gold, and Food(both grains and meat futures) markets, while the economy contracts to negative growth. |
HAHA..Great Mr. Bush
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This intel was contributed by Howard
Howard
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May, 2012
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