Seems like May holds good news...

[arrogantrex]

Not sure if I put this post in the right place, but...Bush is apparently trying to jumpstart the American economy this May, because in addition to the W2's that people will be returning he is also giving back quite the sums of money.

According to people I know who actually watch the news, because I'm too busy with internet and cartoons, the following things are to happen in May along with the tax returns.

If one was single and working last year and earned over 3,000$ in income, they are to receive 600$ along with their tax return. If the income was under 3,000$ they get 300$.

For married people it's somewhere in the range of 1,300$ and 300$+ for each child said married person may have.

I'm fairly certain this is all true, but I wanted to see if anyone else had heard of it...  :huh:

[Kor]

Many will be happy with that, though I wonder what the strings are.

[arrogantrex]

I know I'll be happy with it...hope the strings aren't too harsh if there are any...which I also hope there aren't.

[lbt/cty_lover]

It will depend on how strong the US economy is when the cash comes. If it is strong, then the money is worth more than it was in the past. If it is weaker, you are getting less.

[action9000]

I've heard about this (though not being American, I haven't been following it closely).  I do wonder though, about the logic of the government borrowing MORE money (billions!) to give every citizen $300 to $1300, assuming that these citizens will spend the money back into the economy.

I know many people who should be using such money to pay off bills.  Others I'm sure will go travelling or buy online and spend the money elsewhere.  This is quite a gamble and I really don't know if it will come close to reaching the ideal goal of stimulating the economy to the point where this HUGE investment will actually pay off.

[lbt/cty_lover]

As of now, the US economy is looking like it is going into a recession. This has a good chance of stimulating the economy.

• The government gives people money in addition to tax refunds.
  
• People begin buying more.
  
• More American products are bought.
  
• Stock prices of US companies go up.
  
• Dow Jones goes up.
  
• US economy strengthens.
  

This is based off of a limited economic knowledge.

[action9000]

People begin buying more.
More American products are bought.

This is where I have my doubts, though I hope for every American (and every citizen of every country who's financial strengths depends on America) that it works out.

This reminds me of what happened in Alberta the last couple of years, except it wasn't to stimulate the economy so much as it was to give back to the people.  The province gave each and every citizen of Alberta $300, which simply came out of the surplus of the province.  While I don't think it was the wisest thing that could have been done with the money, I won't deny $300 of "free" money was nice.

[lbt/cty_lover]

People today are greedy and have an instant-gratification mind set. That factor will make the actions you have doubts about more likely.

[mcr mad]

im better at saying this type of stuff than typing it but i will try

if you watch the bbc news instead of fox than you will know that both the american and english economy is falling at a fast rate this will make people poorer in both england and america

the only way bush could see a easy way out was buy invading iraq or iran, i forget which one sorry, because the middle east is rich in oil but dont has the technolgey to mine it all

[lbt/cty_lover]

If Bush decides to invade Iraq, which is nearly impossible because Congress must approve first, the rest of the world would destroy him. Invasion is not an easy way out. It is suicide.

[mcr mad]

yeah but bush is an idiot so he forgot about that

[lbt/cty_lover]

Personally, he isn't an idiot. He is just stubborn. He doesn't want to recall troops from Iraq because he thinks that the US would have lost the war in Iraq. That is his explanation. The truth: he doesn't want to admit that he was wrong.

[Petrie.]

I wonder where the $600 comes from....  :  Came from us in the first place.

[Kor]

Maybe part of the interest earned when they take money from paychecks and put them somewhere.