Am I the only one who doesn't feel quite right about these government rebate checks the federal government is about to hand out? Comments from Left Field wonders, like me, exactly where the money is coming from, though on the whole the writer is not opposed to the idea of priming the pump, so to speak.
I don't pretend to know enough to discern whether this is good economic policy. Yet the idea that the government is implicity encouraging Americans to go on a sprending spree just doesn't sit right. Don't get me wrong; I'm not troubled enough to send the money back, or donate it to charity even. But nor am I going to blow it all at Best Buy. The portion I get as a result of having a child is going into her 529 account (maybe the mutual fund managers will buy something with the commission) and the rest will probably go toward paying down the balance on a home equity loan.
So if this country spirals into a recession despite the election year gift from our rich Uncle Sam, I guess you can blame it all on me.