Bush on Economy: Give Checks a Chance

Pres. Bush thinks that $300 to $1200 rebate checks are going to stimulate the economy as soon as the millions of Americans who are out of work, working three or four part-time jobs to keep food on the table, using food pantries, surviving on welfare and food stamps, and/or losing their homes receive their checks and run straight out to the mall to spend it. Wheeee!

As a matter of fact, one of the things that’s going to happen with this pro-growth package is that not only is it going to affect small businesses like it’s affected folks here, but 130 million families are going to get some money, their own money. And of course, the purpose of that is to help boost consumption. We’re in a rough time right now; I’m confident we’re going to come out of it. And when we do we’re going to be a stronger — stronger and better country.

Congress, of course, is contemplating different measures. And my only advice to them is, one, make sure you give the pro-growth package that was passed overwhelmingly a chance to work, see what the effects are. Secondly, anything they do should not hurt the economy. And thirdly, I, you know, I think we ought to, in terms of pro-growth packages, I think we ought to, again I repeat, give this one a chance to kick in. The experts tell me that this pro-growth package is going to add some — you know, a percent, percent-and-a-half to the economy here in the latter part of this year. If that’s the case, it’s going to be an important part of recovering.

George, honey, some of us can’t wait to see how your little free market experiment turns out. The bank is foreclosing or the landlord is filing the eviction papers NOW.

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