Great article over at Slate.com , with the following as an example:

But David Rosenberg, Merrill Lynch's straight-talking chief economist for North America, says it might be different this time. The reason: The chunk of the stimulus package likely to get spent is roughly equivalent to the amount Americans are paying for higher food and gas prices because of inflation. Put another way, you've already spent your stimulus at ExxonMobil.

...and ditto for grain and grain-based products.  and grain-based product accessories.  and anything that has to be transported somewhere.

It's been a while--a great while--since the US had itself some inflation worth speaking about, but it would seem that things are already fairly far gone.  

thank goodness we have that sop of a tax "rebate."  Why people think such tactics are anything other than a symptom of an underlying problem is anyone's guess.  doesn't "tax rebate" just simply smell like a bandaid?  

In any event, the title of the article ,

Honey, I Ate the Rebate

You've already spent your tax windfall on gas and bread.

really says it all. 

tags: tax  bush  rebate  inflation  

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