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Parent debate

• Debate:Bush Economic Stimulus Plan

Supporting evidence

• "This 'Economic Stimulus' Is a Really Bad Idea." eugene, Daily Kos. Jan 18, 2008 - "It didn't work last time, either. Bush's tax rebate in 2001 did NOTHING to arrest the slide into recession. I recall having gotten $191 in a rebate at the time. But for the life of me, I cannot recall what I did with that money. I probably paid down debt, or used it to buy gas (which was spiking to a then-unheard of $2/gal). I highly doubt that rebate made a meaningful difference for anyone, certainly not on a micro- or macroeconomic level."
• IUSB Economics Professor Lane David said in January 2008 - "The problem is that both the empirical evidence and theory tells us that tax rebates don't work to stimulate the economy. And we only have to look back to the recession of 2001 when they did exactly this to see that they don't work. Consumers spent less than 20 percent of what they received from those tax rebates and it really didn't make a dent on the economy at all."[1]