Site for Free Markets and Free People

Thursday, February 12, 2009

Michelle Obama's Views on Rebate Checks

Now that some Americans are eligible for a tax credit of $13/week, it is instructive to see what Michelle Obama thought of the $600 rebate checks during the presidential campaign.

“You’re getting $600. What can you do with that? Not to be ungrateful or anything. But maybe it pays down a bill, but it doesn’t pay down every bill every month..

Barack’s approach is that the short-term quick fix kinda stuff sounds good. And it may even feel good that first month when you get that check. And then you go out and you buy a pair of earrings.”