Stimulus package fails to boost consumer confidence

[Lone_Star_Dem]

Source: The Hill

With most taxpayers having received their stimulus checks, a new report on Tuesday shows that the much-touted plan to revive the economy has not met with enthusiasm from consumers.

The New York-based Conference Board announced that its consumer confidence index has fallen to the fifth-lowest level in the more than 40 years since it was established.

“Consumers’ assessment of present-day conditions continues to grow more negative and suggests the economy remains stuck in low gear,” said Lynn Franco, director of the Conference Board Consumer Research Center. “Perhaps the silver lining to this otherwise dismal report is that consumer confidence may be nearing a bottom.”

Franco told The Hill that the “one-time, temporary” fix of the rebate checks is being outweighed by the burden of high gas and food prices.

Read more: http://thehill.com/leading-the-news/stimulus-package-fails-to-generate-consumer-confidence-2008-06-24.html

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Really? Who could have ever thought that consumer inflation would offset the one-time, temporary "fix" of the rebate checks?

[Xipe Totec]

1. The stimulus check gave me gas

and that's about it.

[damntexdem]

3. Paid for part of a car repair.

Whoopie! What stimulus!

[tularetom]

2. Hey I never got my stinking rebate check

It completely slipped my mind.

I was gonna forward it to the Obama campaign or buy Euros with it.

Have they all been sent out?

[CountAllVotes]

4. check here

Check here: http://www.irs.gov/irs/article/0,,id=180250,00.html

Distribution goes by the last two digits of your social security number.

I just received $300 the other day and no, it doesn't help a whole lot. Groceries and gasoline only.

:dem:

[canoeist52]

5. I'm still waiting for mine

[Lone_Star_Dem]

6. No. The last ones are to go out on July 11th.

Here's a link to the IRS page with the schedule.

http://www.irs.gov/irs/article/0,,id=180250,00.html

[Bonhomme Richard]

16. We haven't seen ours yet. n/t

[redqueen]

7. Consumer confidence may be nearing a bottom?

She's a hoot!

[truthisfreedom]

30. We'll never see that. bushco will simply stop reporting it, like everything else.

Totally corrupt.

[Stuckinthebush]

8. File this under...

"No shit"

[dysfunctional press]

9. was it supposed to?

:shrug:

[Hawkeye-X]

10. Don't have mine yet..

Idiot decided to release my stimulus check on July 11th. *waits*

[bluerum]

11. $600. Give me a break. They think they can buy people with $600?

[bdamomma]

14. apparently bush thinks so

he thinks he can BS everyone.

[Tempest]

22. Apparently Democrats think so as well

They voted to approved the package.

[Patchuli]

29. No cheap dates here!

We're still waiting also...my friend put hers away for property taxes. I think that's smarter than buying crap.

[Wwagsthedog]

12. Got mine.

Used it for much needed house repairs.

[bdamomma]

13. failure is mission accomplished to *.

[boomerbust]

15. Here is your stimulus

<<<<<<<<<<<<<<<<<<<<<<<<

[brentspeak]

17. That's because we're American citizens who are struggling, not "consumers".

[sutz12]

18. Low gear? Well, yeah. Reverse is typically geared lower than the forward gears. nt

:shrug:

[Doctor_J]

19. The only thing that will turn consumer confidence around is

impeachment, or a sound ass-whooping by Dems in November.

[Autumn Colors]

20. I'm donating mine to Obama (nt)

[2Design]

21. paid down student loan n/t

[hadrons]

23. I used mine to paid for a new bed I brought a month earlier ...

So I stimulated the economy all I could with it a month before I got it ... it didn't seem to help, but I did get a great bed.

[BarbaRosa]

24. Confidence not boosted,

but at least now we have a good vacuum cleaner.

[lse7581011]

25. Gas To Get To Work

Thank God I still have a job!

[klyon]

26. spent mine to stay even on monthly expenses

except my new monitor that I desperately needed

[skoalyman]

27. spend ours on Survivor gear and can food

oh and all mad max dvds so we'll know how to Survivor the last days:nuke: :shrug:

[SCBeeland]

28. This government's such a joke

WTH was I supposed to buy other than gasoline? Its not like I wanted to buy that.