Wall Street isn't alone in its lack of enthusiasm for President Bush's economic-stimulus plan. Some personal-finance bloggers wonder whether it makes sense to give tax rebates to American consumers in hopes that they'll spend it and boost the economy.
Our partner blogger Jim at Blueprint for Financial Prosperity writes: "With the stock market taking a pounding, with the billions in bank write-offs, with the subprime news, and all the talk of a recession -- whether we're actually in a time of economic crisis or not, people think we're in a time of economic crisis, so I'm inclined to believe they'll save any money the government decides to dole out." Referring to a Wall Street Journal blog, he notes that most people saved the money the last time the government tried the tactic, in 2001.
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