Tax Rebate Checks: stimulus or waste?
Tax rebate checks begin arriving this month. Will the result be the stimulus to the economy desired by Congress, bridging the problems caused by banks issuance of too many subprime loans and failure to work with their borrowers to work out the debts to avoid foreclosure? Yves Smith at the Naked Capitalist has a few choice words on this issue.
Could the "stimulus package" just be a nice name for the real intention, i.e., to inflate with the hope of reducing imports and increasing exports?
Posted by: John Freeland | May 11, 2008 at 07:29 PM