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Rebates For US Citizens Concerning the coming stimulus rebate that some USA citizens will receive .... Even though this stimulus stuff all sounds quite good and nice, as a homeowner that will receive some rebate it is ALL POLITICAL and will not really do anything for the overall economy except to keep the Wall Street investors faked out that the government is paying attention to their woes. Really, will $300-$600 to homeowners that mostly are in debt and can hardly pay their mortgage really encourage them to "go out and spend the money"? Of course not, most of them will just use the money to pay off credit cards and to help pay their next mortgage, which, in effect, will do nothing to the economy. Will the stimulus package make a difference? Yes, like I said it is all political and if everyone thinks it is helping them everyone will keep acting like nothing is wrong and will go about their business without being in a panic mode. It's called group dynamics and yes the government plays those games as well as anyone. In about six month we will be back to where we started and that is trying to figure out how to kick-start this economy.

Contributed by Ray Holt on February 15, 2008, at 11:52 AM UTC.

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This intel was contributed by Ray Holt Ray Holt

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