Recession....Recession

On Monday the President signed a $170 billion economic stimulus package that was passed by Congress last week. The President is hoping that this package will send American tax rebate checks by May in hope that this will prevent a recession or make it a very brief recession. The package also gives more tax break to business, veterans, and senior citizens. The best thing was that Congress got this bill through all the talk and debate in less than four weeks, which President Bush is very happy about. This bill will pay taxpayer between $600 to $1,200 and there also we are a $300 per child tax credit. The main reason for this bill is to put money in to the taxpayers’ hands and hope that they will spend it to help pull the market out of the recession.
I believe that this is a good plan but the only problem is, will the taxpayer take the money and spend it on will they just save it and not spend it. I hope that this extra money that we as taxpayer our getting this year will allow us to spend it and put some money back into the economy and help it grow and grow so we can get pulled out of this recession and not let it last a long time.
I got my information from an article published on CNNMoney.com called “Bush to Sign Stimulus Package Wednesday” at http://money.cnn.com/2008/02/11/news/economy/bush_stimulus/index.htm.