Comments: Will the rebate work?

As you said, the tax rebate will have a temporary, band-aid improvement just like the last time they did it, mainly for the reasons you said - stoopid people will go out and blow it on some crap they don't really need, causing a temporary boost to the economy, rather than doing the smart thing and putting it aside or paying off a debt.

Posted by Shadoglare at January 25, 2008 07:47 PM

I was just discussing this with one of my dealers the other day. It does help...temporarily. Folks will spend what "extra" they get. If it's $300, I will sell a shitload of $300 mattress sets. The last time this happened, his business that year was the best in 10 years.

And that was for the full year.

I don't think it'll help so much in the cities. Folks will use it for "practical" things. But the rural areas? Where folks have already hunkered down for the long ugly haul? Yeah, it does prime the pump a bit.... is still iffy. I just know my dealers are THRILLED.

Posted by Tammi at January 26, 2008 06:06 AM

I'm sure the dealers are thrilled. Because as you said they'll get a boost... for a short period of time. Then it will be back to business as usual. In the long run will that help the economy any? Probably not. Just like the last time. If it worked then, we wouldn't need to do it now.

Posted by Contagion at January 26, 2008 06:16 AM

I don't know how your Gov. works, but when our Gov. "give money away", they introduce "Stealth Taxes" to make up the shortfall, so we all end up paying for our "Gift", usually twice over.

Posted by bx19 at January 26, 2008 11:50 AM

All it's going to do is divide the masses even more.

I am pissed as all hell that I, a tax paying hard worker, will be giving my hard earned money to people who don't even pay taxes.

WTF is up with that?

Can you imagine being a college student and getting a $300 check? Talk about going on a bender.

Posted by Quality Weenie at January 28, 2008 07:58 AM

I don't think it will help at all. I for one will being using my stimuless to help pay down debt. But I can think of a couple of better ways for the goverment to use all that money besides so called tax remasterbates. Like oh I don't a national helathcre policy. I know the insurece companys won't like that or the hospitals or docters. It would be a shame for them to have to start charging a realistic price. Or how about useing the cash to rebuild the intersturture of the country. Thus creating, dare I use the words, good paying,livable wage jobs. Anyway just some thoughts. Wil

Posted by wil at January 28, 2008 02:00 PM