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My take on this is that these checks which we are now getting will do nothing to help our economy go up again. Let's face it, they might have helped a little bit if it weren't for the fact that our gas, food, and other items have been going up through the roof, but not now. These checks won't help us out at all, but they'll help out poor companies like ExxonMobile who only made 10 billion or so the last quarter.
Here is what one couple did with their $1,200 check.
The long-awaited economic stimulus packages have started arriving and what the government had hoped would serve as an economic boost has become money for things like gas, milk and paying off credit cards.
For most, payments are spent as quickly as they come.
Sara, a shopper at Goodys who declined to give her last name, said she and her husband received their $1,200 check on Tuesday and by Wednesday it was gone. She said they used $600 to pay off a refrigerator at Lowes and the other $600 at an unexpected opthamology appointment.“There went all our $1,200 in one day,” she said.
