Do you have adblock enabled?
If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(Chron)   To everyone's complete surprise, stimulus checks fail to spark consumer spending   ( divider line
    More: Obvious  
•       •       •

15832 clicks; posted to Main » on 30 May 2008 at 2:33 PM (9 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»

411 Comments     (+0 »)

Oldest | « | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | » | Newest | Show all

2008-05-30 03:43:27 PM  
Hal Jalykakik: I'm buying me sum hatz and sum fly new shoos, aight.

These shoes and hatz are mines

Please tell me you're kidding. If not, then I think you missed the "Icy Hot Stuntaz" fan-blog back a few Stumbles.
2008-05-30 03:44:44 PM  
I used mine to pay my first quarter tax bill. FTIRS.
2008-05-30 03:45:47 PM  
I'm donating my stimulus check to the Obama campaign. Thanks Bush.
2008-05-30 03:45:51 PM  
How did the USA go from being the greatest country in the world to the world's laughing stock in such a short time?

/Oh yeah... that
2008-05-30 03:46:44 PM  
Mine is still sitting in the bank, waiting for rental deposit time. Stimulating!
2008-05-30 03:47:10 PM  
Maybe if they'd send me the farking thing I might spend it.
2008-05-30 03:47:32 PM  
I'm on the low end of the SSN digits and haven't gotten mine yet. Bastards.
2008-05-30 03:48:10 PM  
IF I get one, I'm buying a gas piston system for my AR15. I have a feeling I might need it soon.
2008-05-30 03:49:18 PM  
Property tax and homeowners insurance. No fun for me.
2008-05-30 03:49:28 PM  
So far, it looks like the fine folks at Ruger are doing pretty well off the stimulus checks. Counting my new 10/22, that's three of 'em in this thread alone.

/ Yee
// Haw
/// Hoot
//// Holler
2008-05-30 03:50:10 PM  
steelwelder: Mine is going to be a stimulus Czech as well. I am spending mine in Germany and the Czech Republic when I am there in September.

I had to cancel a Czech once, if you know what I mean.
2008-05-30 03:50:30 PM  
Paid off VISA.

Hid the card.
2008-05-30 03:50:40 PM  
dustman81: If you were 17 on the last day of the year (12/31) and your parents could have claimed you as a dependent (doesn't matter if they did or didn't, just could have), then you don't get a stimulus check. Your parents don't get the $300 for you, either.

If that's true, then why aren't they claiming him? Is there someone out there going "Yeh, the government wants to give me a tax break for having to raise my kid... I told them to shove it!"? The only situation I can think of would be for college aid. Used to be the case (and may still be) that not claiming the kid makes him look more "needy" when time comes to pay for college. Otherwise, seems like passing on free money is not the way to win.
2008-05-30 03:51:51 PM  
Ours is going right on the credit card.

/Which was mostly used for gas since we didn't get 200% raises but still had to get to work and school anyway.
2008-05-30 03:52:41 PM  
[image from too old to be available]
2008-05-30 03:53:18 PM  
altrocks: Ours is going right on the credit card.

/Which was mostly used for gas since we didn't get 200% raises but still had to get to work and school anyway.

Dude, if you're unsustainably putting gas on your credit card, start taking the bus. You're only digging yourself a hole, and gas ain't getting any cheaper.
2008-05-30 03:55:40 PM  
alybaba: I don't know why the IRS can withdraw my tax liability for 2007 directly from my account, but not give me my stimulus return by direct deposit.

/last 2 digits is 64
//According to schedule, I should have received it by now
///Can anyone help me?

They want the money faster than they have to give it away. It's the smart way to do it. At least they got something right...

Yours won't be mailed out until June 27th.
2008-05-30 03:58:06 PM  
Mine got garnished, $1200
2008-05-30 03:58:49 PM  
I wanted to save mine; I really did. But then I decided to buy a plane ticket to Utah. And a plane ticket to Mexico. And I needed some new summer clothes. And a new flat iron. And dammit if I'm not single-handedly stimulating the economy.

/exhausted from single-handedly stimulating
2008-05-30 03:58:56 PM  
So, many people haven't even gotten the checks, most haven't had a chance to use them, and there's definitely not enough time to see the effect on the complex economic structure of the US.
Let's make absolute judgments, ya'll!!
2008-05-30 03:59:33 PM  
Oops! I forgot to buy that couch after paying off the HDTV.

/doing it wrong?
2008-05-30 03:59:40 PM  
nosajghoul: Mine got garnished, $1200

2008-05-30 04:00:01 PM  
Line 6 Spider III Jam.....many good times to come
2008-05-30 04:00:04 PM  
fuzzwell: But I bought a Markov 9mm, and a Wather PPKS, and a H&K .45ACP just for the hell of it.

I bought a Blemmington 442 codpiece mounted chaingun, but the wife made me take it back.

The recoil was uncomfortable anyway.

2008-05-30 04:00:06 PM  
I bought a '53 New Yorker with a 331 hemi at an estate auction.
2008-05-30 04:05:51 PM  
stratospaly: Have you been into a Wal-mart lately? The TV isle is bare, people have even bought the display models! I went in there 2 weeks ago and it was like Christmas or something.

*checks profile* Arkansas eh, big surprise there.
2008-05-30 04:05:51 PM  
Not my fault. I spent my economic stimulus on American products: Full Size
2008-05-30 04:06:41 PM  
credit card.
2008-05-30 04:08:33 PM  
Just wait 'til I get my $225 check in the ass-end of July. I'll do some simulatin' then. Oh yeah, the economy is going to be stimulated like she's never been stimulated before. In fact, I think it might just be too much stimulation for one economy to handle!
2008-05-30 04:10:53 PM  
xen0blue: You have to admit, this is an interesting idea...I don't think it's ever been done in history so it's obviously pretty innovative thinking. I don't know if it's really working or not though, some people haven't gotten their checks yet.

Innovative implies that this is a good idea. If you want to know whether this is a good idea then read this post which should be repeated.

newton Quote 2008-05-30 03:36:00 PM
The reason being that America does not have a hard-money economy, it's a debt-based fiat currency economy. All the money in circulation in America has been borrowed and then re-lent. So borrowing more money ($168 billion for the stimulus package) and then re-lending it to Americans, as Bush is doing, only increases the debt load and debases the value of the currency outstanding (against a backdrop of stagnant wages and minuscule interest rates for savers).

If an American was planning to spend $40K this year on food, clothing, shelter, health and various other expenses and they were hoping to defray some of that cost thanks to Bush's stimulus check understand that by simply adding another $168 billion of debt (the cost of the stimulus package) on top of America's current multi-trillion debt load will continue the Bush-Paulson-Benanke trend of debasing the purchasing power of your money and, therefore, raise the price of goods and services by more than the $600 'gift' (without a commensurate rise in wages or increase in interest paid on savings).

It will be shown in time to have the opposite effect entirely as was supposedly "intended".

This is only innovative in the sense that it tricks the rubes into thinking that Bush is giving them free money. For that, I'll award him a gold star in marketing, but not for fiscal policy.
2008-05-30 04:16:13 PM  
I won't even get mine till June 20th!
2008-05-30 04:16:59 PM  
And where do you suppose we get that $18 TRILLION?!

i don't know... israel?
2008-05-30 04:20:38 PM  
neuracnu: Not my fault. I spent my economic stimulus on American products:

//Its so beautiful
///Wipes away tears and fill up with stock
2008-05-30 04:20:53 PM  
I used mine to pay the state sales tax for my failing retail business.
Crying farking shame.
2008-05-30 04:23:34 PM  
And where do you suppose we get that $18 TRILLION?!

crap, my bad, i'm on the west coast this week. i change my answer to... Iraq.
2008-05-30 04:25:51 PM  
I paid down debt with mine.
2008-05-30 04:26:39 PM  
$1200... That should be enough to get my Kia fixed (hit a deer) and back on the road. If not, then it will pay for me to drive to work and back for the next month. Well, not quite a whole month, but close.

/assuming gas prices stay the same as today
//ok, probably more like 3 weeks
2008-05-30 04:27:09 PM  
I spent mine on debt.

So really, it did stimulate the economy. In the past tense.
2008-05-30 04:27:45 PM  
I figured I'd cut out the middleman and mailed it off to some guy I picked out of a Shangai phonebook.
2008-05-30 04:28:32 PM  
nosajghoul: Mine got garnished, $1200

Student loan?
2008-05-30 04:30:36 PM  
OMG stimulus package didn't work!!!!
OMG food shortage....
OMG gas prices/economic hardship etc.....

Ok, so this probably wouldn't depress me so much if I didn't know that most Americans (well, a lot of the world these days actually) are thinking these panicked thoughts while staring out the window at their perfectly manicured *status symbol* lawn with a perfect *status symbol* flower garden without a vegetable planted in site.

And the fact that a early 1990's Geo Metro got between 50 and 53 mpg. But we are still buying into the line that 40+ mpg is REALLY good for a hybrid.

We really need a return to personal responsibility. Pressuring our government to slowly start backing our money with something concrete (gold anyone) would also be nice, but probably too much to ask.
/my pimp hand, dost thou see it?
2008-05-30 04:31:20 PM  
i used part of mine to pay off a funeral. woo hoo. lots of fun right there. and the other part gets to be a payment on a headstone. go me.
2008-05-30 04:34:29 PM  
Canned Goods
2008-05-30 04:35:01 PM  
crack-pipes.comView Full Size

Just sayin'
2008-05-30 04:35:34 PM  
BobtheFascist: You know, with all the talk of roads & infrastructure in disrepair you'd think they would've promoted some sort of occupational training program for unemployed folks & put them to work rebuilding everything. I figure nothing stimulates an economy like a high employment rate. Then again, I have no clue WTF I'm talking about, so...

I think that's because what we have now is a lot of inflation, and if there's one thing that's bad for inflation, it's more money in the economy, a.k.a. a high employment rate.

But I also don't know what i'm talking about so I could be wrong.
2008-05-30 04:38:47 PM  
GreebobeerG: Pressuring our government to slowly start backing our money with something concrete (gold anyone) would also be nice, but probably too much to ask.

Look look shiny shiny metal! It must be worth something, it's shiny and hard!

Since fiat currency sucks so bad you'd probably be grateful to trade whatever you have for some cowrie shells, right? Lemme know where to ship them.
2008-05-30 04:44:52 PM  
Talisman: Line 6 Spider III Jam.....many good times to come

I know those words, but that post doesn't make any sense.
2008-05-30 04:44:52 PM  
Lusiphur: akuma976: Most Americans used thier check to buy a plasma TV from a Japanese supplier.

Except that most electronic products carry a markup of 100% or more over cost, so yes, American companies ARE getting stimulated. There're a lot of reasons the checks wont work. Yours just doesn't happen to be one of them. I suggest taking an econ class beyond high school.

Sally Struthers doenst take checks
2008-05-30 04:47:06 PM  
Struts for '98 Subaru = $1200
Tax rebate = $1500

oh well...
2008-05-30 04:48:48 PM  
Worth every penny.

[image from too old to be available]
Displayed 50 of 411 comments

Oldest | « | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | » | Newest | Show all

This thread is archived, and closed to new comments.

Continue Farking

On Twitter

Top Commented
Javascript is required to view headlines in widget.
  1. Links are submitted by members of the Fark community.

  2. When community members submit a link, they also write a custom headline for the story.

  3. Other Farkers comment on the links. This is the number of comments. Click here to read them.

  4. Click here to submit a link.