The R-word

Thu, 01/31/2008 - 7:41pm by remnil

The R-word - recession, that is - has been bantered about a lot more recently. With job losses, a pitiful housing market, and the subprime mortgage crisis, its prominence isn't overly surprising, nor is politicians' desire for a bit of economic development. It also is not surprising that people aren't really in a spending mood right now, which further risks bringing about the R-word. In hopes staving off said recession, the House has passed a "stimulus package" that could result in a $600 check appearing in your mailbox. Providing that the Senate agrees, that is.

A $600 check does sound mighty nice. But the question is, will you spend it? The "stimulus" part of the economic stimulus depends on us going right out and buying that new ipod or laptop. Of course, with the economy as rotten as it is, some might want to save it for a rainy day.

So, what if you got a big, fat $600 check in the mail? Would you save it? Spend it? If so, on what? Let's see if Congress' plan is really going to work.