AdamT
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okay, and what was the 400 dollars tax rebate from the stimulus ... a one time payment ?? kinda like the The Bush rebate ? and Bush's tax cut which everyone received ( and is still receiving) a portion of in each paycheck, the only difference is Bush's wasn't a one year program.
The only distinction I was trying to make is that the Bush rebate was delivered in a lump sum payment -- one check -- while the Obama's payroll cut was doled out each week in increments. The point being that, according to economists, smaller weekly payments are a more effective method if your aim to is to stimulate the economy. It's likely that people who get an extra $50 or $80 a week are going to spend it on stuff and things, whereas if you get a check for $400 you might decide to spend the whole nut paying down a credit card or something. Nothing wrong with doing that, of course, but it doesn't have the same multiplier effect as putting back into the retail channel.
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