CSM:
Economic stimulus, Part 2?
No one can remember the last time Congress enacted two major economic stimulus packages in one year. But 2008 may see a sequel to the $100 billion worth of checks that started filling individuals’ bank accounts in early spring.
Democrats say they will proceed this fall with a “Son of Stimulus.” Whether it materializes is questionable; President Bush currently opposes such a move, preferring to wait to see the full effect of the first stimulus package.
And what will happen again is that the media will keep parroting “$600, $600, $600.” And when most people get less than that, they’ll get mad at President Bush and take it out on all Republicans. Meanwhile, the media can’t be bothered to explain the nuances of this, because they’re too busy talking about the DTV transition.
