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Posts Tagged ‘ Economic Stimulus Checks ’

Stimulus Checks Boost US Retail Sales

Jun 13th, 2008 | By Contrarian Profits | Category: Featured, Financial News

US retail sales grew by 1% in May, following the distribution of $57 billion in economic stimulus checks, reports CNN.

“The economic stimulus package is flawed policy in the first place”, says MoneyWeek magazine’s Richard Benson.

The US government hopes to revive its ailing economy with tax rebates. But with the cost of living soaring and consumers deep in debt, this will have little effect.

Tags: Economic Stimulus Checks, Gary North, recession, Richard Benson, US Retail Sales
Posted in Featured, Financial News | No Comments »

Biggest Government Ever… ‘Stimulus’ Checks Take Their Toll

May 13th, 2008 | By Contrarian Profits | Category: Featured, Financial News

US Government spending is at record highs, fueled in part by the costs of President Bush’s so-called economic ’stimulus’ package.

Reuters reports that US Treasury spending and revenue reached fresh highs in April.

US government posted a $US159.3 billion surplus in April, helped by the mid-month deadline for individuals meeting 2007 tax obligations, but it was down from the prior year’s surplus, the Treasury Department reported on Monday.

Tags: Budget Deficit, Economic Stimulus Checks, economic stimulus package, government spending, National Budget, President Bush, Treasury Department
Posted in Featured, Financial News | No Comments »

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