08-29-2008, 04:36 PM
http://money.cnn.com/2008/08/29/news/econo...sion=2008082911
Yes consumers spent more after their rebate checks. However, actual real-world income fell. Why? Because suddenly grocery stores and oil companies realized... oooh... big cash influx into the economy, let's raise prices.
I find it interesting, that at least locally, prices on many items at the grocery store have backed off a bit since the end of the stimulation. (Roughly the same effect as price manipulation around the first of the month to get people when they have social security checks).
Net result of the "Stimluation" Americans lose, big business profits:P
Yes consumers spent more after their rebate checks. However, actual real-world income fell. Why? Because suddenly grocery stores and oil companies realized... oooh... big cash influx into the economy, let's raise prices.
I find it interesting, that at least locally, prices on many items at the grocery store have backed off a bit since the end of the stimulation. (Roughly the same effect as price manipulation around the first of the month to get people when they have social security checks).
Net result of the "Stimluation" Americans lose, big business profits:P