Boosting the economy?
The Economy Boosting bill that has such widespread bipartisan support is not of sufficient size and scope to truly affect the current economic cycle. It is simply a one time bonus for us taxpayers. It will show up as a blip on an economists graph as we look back on 2008, but will not translate into a sustained economic upturn by itself
Fortunately, most economists are predicting the economy will begin to see an upward turn about midyear.
So what do I make of the Economy Boosting Bill?
It is simply a way for the politicians (on both sides of the isle) to take credit for an already predicted economic strengthening.
http://money.cnn.com/2008/02/13/news/economy/bush_stimulus/index.htm?postversion=2008021314
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