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Economic survival--not "stimulus"!(Inside Track)(Brief article)
The plan, according to our government's economic gums, was to stimulate our economy by sending tax rebates to U.S. taxpayers to spur spending and invigorate our troubled economy. In theory, recipients of the checks would use their rebate checks to purchase more consumer goods and help stimulate business.
Since late April, the Treasury has distributed more than $50 billion of the projected $100 billion in tax rebates, to be sent to 132 million U.S. households.
However, according to the International Council of Shopping Centers, which issues a weekly sales survey that receives widespread attention as an economic indicator, chain stores have seen an increase in sales only once during the last six weeks.
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