Originally Posted by DownPuppy
Hey folks - keep in mind this rebate was intended to boost our economy. By making purchases from Walmart, we will be boosting China's economy. It seems about 80% of everything sold there is from China.
I've been saying this from the beginning, as has none other than Jesse Jackson, with whom I rarely agree.
I believe a "stimulus" package would have been better spent on a $150 billion infrastructure package. That would have put almost all of that stimulus to work in the U.S. economy rather than stimulating China's economy (and by extension, their ability to fund more oil purchases and push oil/gas prices even higher).
I don't believe there should be any moral strings attached to these rebates; I just think that the government screwed the pooch in terms of what they did for stimulus. This was buying votes more than boosting the economy.