Daily Archives: April 25, 2008

Texas Tickler

Feeling down? Can’t pay the bills? Fear not! The Prezidunce’s Master Rebation’ Package is on it’s way: (via The Washington Post):

President Bush said tax rebates will start going out Monday, earlier than previously announced, and should help Americans cope with rising gasoline and food prices, as well as aid a slumping economy.

Wait a minute. Food? Gas? That’s not what you said earlier:

Bush’s emphasis on fuel and food prices differed from other comments he’s made since signing the economic stimulus legislation, intended to aid the economy by boosting overall consumer spending – which accounts for roughly two-thirds of the nation’s economic activity.

Bush has suggested the rebates could trigger a spending spree. “When the money reaches the American people, we expect they will use it to boost consumer spending,” he said last month.

Wow. Could The Chimperor finally be acknowledging that we’re not all going to rush out and buy iPhones when we get our “up to $600” dollar checks? Quick! The bubble has been breached! Sound the alarm! Get the duct tape!

Democrats were quick to pick up on the change of focus.

“It’s galling to think that taxpayers’ stimulus checks will be lining the pockets of OPEC. The sad truth is that the average American family will spend almost their entire stimulus check on higher gas prices this year,” said Sen. Charles Schumer, D-N.Y., chairman of the Joint Economic Committee of Congress.

Fear not Mr. Schumer. It won’t all go to OPEC. Some of it will go to local utility companies (via The New York Times):

After struggling with soaring heating costs through the winter, millions of Americans are behind on electric and gas bills, and a record number of families could face energy shut-offs over the next two months, according to state energy officials and utilities around the country.

Food or heat? Light or water? Heat or water? Water or food?

Say what you like about The Chimperor, he’s given American’s a lot of choices.


Comments Off on Texas Tickler

Filed under Economy, Fail Watch, We're from the government