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To: carranza2 who wrote (44792)1/5/2009 10:29:16 AM
From: elmatador  Respond to of 219161
 
tax breaks (possibly worth $500 for each person) would likely translate into paying down debt rather than boosting consumer spending with a trip to the mall.

A $300-billion shrug
David Berman, today at 8:59 AM EST

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Barack Obama's plan to stimulate the U.S. economy with $300-billion (U.S.) worth of tax breaks for businesses and individuals – which is in addition to a massive infrastructure spending boom – has failed to catch the imagination of investors so far on Monday.

Perhaps the shrugs are due to the belief that the tax breaks (possibly worth $500 for each person) would likely translate into paying down debt rather than boosting consumer spending with a trip to the mall.