And another thought on the subject ...the problem with our economy right now is that the banks don't have enough money in reserve to finance loaning money to perspective borrowers. AMOF this condition has been getting worse since June 2007. The Fed knows it and is finally doing something drastic to ease the credit crunch. Last week was 75 basis points and probably this week 50 more on tuesday. Now the Treasury is finally acting ..rather than help bail out the banks they are going to give money to the population to spend which inturn encourages more consumer debt which leads to more credit debt and thus the spiral down makes another revolution on the way to a credit crash.
Take this money and hoard it in a CD or IRA ... or your 401 k, 125, or HSA. If you do nothing else purchase a tax free muni fund and sit on it for twenty years ...don't give it to your LDS, Radio Shack, Wal Mart, AutoZone...local car dealer ...whatever ...let this slow down run its course and clear out the speculators and rift raft that lead up the housing price explosion.
When they tell you we have modest to low inflation they are lying through their teeth, construction cost since the fall of 06 have increased by 300% ...but there is no inflation...BS. Oil has gone from 40 to 100 bucks / barrel but there is no inflation BS..houses have gone from 150k to 550k (median over the past 5 years) and there is no inflation it is all BS. Giving you money to burn will only lead to more inflation.
Its bad enough that the Fed has to pump so much money into the economy because of panick on their part (rather than ease the rates lower since last spring tey are pulling the rug out from under them now). This in and of itself is inflationary ...sad thing is you'll get your $1200.00 bucks along with increased foods prices , gasoline, heating oil, etc ...spend away.
Leason learned ..spend till the government bails you out then spend just alittle more till you file for bankruptcy...just remember, lemmings, the government tookthe BK option away from you two years ago ...next up will be the introduction of Debtors Prison ...hows that sound. Don't laugh ...black is white and up is down right now.