Thursday, January 24, 2008
I really don't think that the tax rebate which is in the works will help to stimulate the economy. It's an extremely short-term fix and the amount is minuscule. We're not sliding towards a recession. I believe that we've been in one for some time now. There is constant news of businesses closing and bankruptcy filings and there seem to be incessant rumors of new layoffs.
Jobs are really hard to come by even if you have an education. From what I'm seeing, employers aren't giving raises; they are slashing benefits. Oh, my blood is boiling!!! The cost of gas, oil, food, and everything else seems to be rising constantly. How are people supposed to make a living? I'm paying almost $75.00 per week for heat!
Okay, I'll stop my rant now. Do you think the rebate will help our economy? If you live live in the United States and think you'll be getting a rebate, what will you do with yours? I created a poll to get you all to vote. I tried to put the poll in this post, but it didn't work, so it's on my right sidebar. Let me know what you think in the comments too!
Needless to say, I will not be spending any possible tax rebate on anything much. There are tons of things I'd love to buy. More than anything, I'd love to take a trip, but that will have to wait until I can pay some bills down and add to my savings. I could be taking some trips this summer. We'll see.
By the way, I was lucky enough to win my office football pool. That was pretty fun and unexpected considering I know nothing about football. I baked some World Peace Cookies for my co-workers to celebrate the win. But I put most of the money in my savings.
*Updated 1/28/08* I've closed the blog poll. Not many of us voted, but those who did, I thank you very much! 80% will use it towards paying bills. 20% will save it.
Nobody plans to spend with wild abandon. That's about what I thought. So much for this rebate revitalizing the economy.
*Updated 7/30/2010* I knew we were in a recession back then. And according to this article, the recession was deeper than the government previously thought. Unfortunately, I don't think we can talk about the recession in the past tense. We're still in it. *sigh*
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