With the economy in its current state of upheaval and the holiday season quickly approaching, fear of a sub-par holiday spending season has been a dominating topic of conversation in Washington. In a recent article for the LA Times, staff writers Jim Puzzanghera and Richard Simon discuss several economic stimulus proposals that have been proposed by various members of congress. Much dispute over the nature of the stimulus package has been occurring, and even President Bush supports the idea of giving some sort of a boost to consumers to induce them to spend more in the coming months. However, fears of the negative implications of such a boost are also on the table, leaving the question of whether this idea will become reality or not.
Honestly, what's to say with the economy in such a rocky situation that consumers would even choose to spend all they received in government handouts?
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