http://www.reuters.com/article/marke...47747220081130
Quote:
Earlier this year the U.S. government sent out just over $100 billion in tax rebate checks in a bid to reignite consumer spending. Officials said evidence suggests that many people used the money to pay off debts rather than spending it.
"I think there is a tendency by some of the opposition to take the American approach, which quite frankly has not worked," Flaherty said, adding that there was no point using "the shotgun approach, spraying money across the economy and hoping that something works somewhere."
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They are right these checks are just another form of bailing out the failing banking system disguised as helping main st.
And in other news Obama wants to continue Bush's failed policies.
http://www.radioaustralia.net.au/new...htm?tab=latest