Stimulus check really “free money”?

All of us are eagerly anticipating our stimulus package like a wide-eyed kid on Christmas waiting for Santa to bring presents. That check in the mail with our name on it is a little gift from the government to its citizens. Of course the responsible thing to do would be to save the  money we receive, especially during these unpredictable economic times. Unfortunately, many of us will be forced  spending that money on the mundane but essential items of everyday life: food, gas, and bills. Retailers are vying for the consumer’s attention (and pocketbooks) trying to sell us their products that we probably don’t need. This is how the government intended us to spend our money so that the economy could get “stimulated”.

So with the inflation rates soaring, the stimulus check barely helps us play catch up. As for me, I would love to spend the money I get on a new digital camera but instead I’m going to be making a payment on my  high interest rate credit card.  Oh what fun!

Lucine

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Published in: on May 8, 2008 at 6:12 pm  Comments (1)  

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  1. I agree that retailers want us to buy their products when we probably don’t need them. Words like “recession” and “inflation” have become serious issues lately, and since they seem to be words we hear or read about almost every day, I can see how this may relate to popular culture. Stores like Wal-Mart or Macy’s advertise items we’d like,such as a new cell phone or clothes washing machines, but we can do without these until we need do need a new one. I also understand that even if someone does need a new item or appliance, he or she may still not be able to afford it yet. The TV ads, especially Target, make the retailers’ products look better, perhaps increasing the chances of us changing our minds. As you say, the money for “food, gas and bills” is necessary so that people can live a fairly comfortable life. This informative blog brings up good points about recession-related situations without being too political.


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