Tax Rebates: Are Consumers Spending or Saving?

Courtesy NPR Programs: Morning Edition  Tue, 06/17/2008 - 8:53am

Critics were skeptical of President Bush's plan to give taxpayers rebates in hopes of stimulating the economy.

It's been almost two months since the first checks were processed. Wall Street Journal economics editor David Wessel says people appear to be spending the money, but it won't be enough to prevent a recession.

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