The increase in the price of oil since the economic stimulus package was signed into law has risen enough to cost the economy more than $300 billion. That means the $157 billion stimulus package has been wiped out by oil prices, in many cases before any of us received a check at all. We may use the actual check itself to buy something, improve the house with vinyl siding even though home values have dropped by 3.7 percent, or maybe even spend the money on gadgets, but as a whole Americans spent the economic stimulus on gas and oil and probably paid interest on it too before anyone saw a deposit hit their bank account.
Mobile post sent by 001brettbum using Utterz.
No comments:
Post a Comment