Who wouldn’t like to get a check for $800 in the mail? I know I would.
But will that tax refund money help stimulate the economy like the folks in Washington are hoping?
I doubt it. At least not OUR economy.
The problem is: people are not going to buy houses with $800. And they certainly won’t use it toward the mortgage they can’t afford.
And no one is going to buy a car with $800 to help our the unemployed autoworkers in Michigan.
No- they are going to take that money to Walmart and buy a bunch of Chinese made crap that they don’t need.
Sure- this might help out China and Walmart- one of the only US companies that doesn’t actually need any help- but it isn’t going to help the rest of us.