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Bush did this in 2008, sending rebate checks of $600 to individuals, and $1200 to joint filers. http://www.cnn.com/2008/POLITICS/02/13/bush.stimulus/ http://ww
by chiph 11y ago
Bush did this in 2008, sending rebate checks of $600 to individuals, and $1200 to joint filers.
http://www.cnn.com/2008/POLITICS/02/13/bush.stimulus/ http://www.cnn.com/2008/POLITICS/02/13/bush.stimulus/
Results were mixed - The dollars amounts weren't really a windfall to most people, so some additional spending went on. But most people realized they would need to repay that money at tax time, and held onto it.
- nostromo 11y agoThe difference is the source of the funds. I'm suggesting the Federal Reserve do this -- not the federal government. The federal government can't create money, so the stimulus effect is lessened.