Government Stimulus checks - I guess ARE very stimulating!
Stimulating?
Sidenote: this does beg the question - if it was all that important for us to have this money now, why did they have to take it in the first place? Which then begs the next question: if the Congress rightly judged that it was so important for families to have this money because families were cutting back their spending and slowing the economy due to lack of funds, why are they not following suit in cutting back their own spending?
Who is more important - individual and their families, or government? Just thought I'd ask.....
Anyways, from a recently discovered blog (by me) by Greg Mankiw, it appears that stimulus checks are being used, er, for stimulating purposes!
Not exactly what they had in mind
A former ec 10 student alerts me to evidence that the stimulus package appears to be working:
An unforeseen and surprising beneficiary of the Economic Stimulus Plan, a plan that George Bush contends will "boost our economy and encourage job creation," has surfaced this week. An independent market-research firm, AIMRCo (Adult Internet Market Research Company), has discovered that many websites focused on adult or erotic material have experienced an upswing in sales in the recent weeks since checks have appeared in millions of Americans' mailboxes across the country.
According to Kirk Mishkin, Head Research Consultant for AIMRCo, "Many of the sites we surveyed have reported 20-30% growth in membership rates since mid-May when the checks were first sent out, and typically the summer is a slow period for this market."
I'm betting that this was not the intent of Congress when this give back was conceived. TMEW and I have received our tax money back - trust me, there are better places in which it will be spent.
Comments
Posted by: Prouning | July 7, 2008 3:14 AM
Posted by: Prouning | July 7, 2008 3:17 AM