What Exactly is President Bush's Stimulation Package Stimulating?

President Bush signed a multibillion-dollar economic rescue package that means $300 -$1,200 rebates for many American households.

Most taxpayers will receive a check of up to $600 for individuals and $1,200 for couples, with an additional $300 per child.

Economic analysts generally believe that the $168 billion package will help prevent the current downturn from ballooning into a crisis. NEWSFLASH for the Economists .... America is already in a crisis!!!!

Bush called the measure "a booster shot for our economy to stave-off a recession." Stave-off is an interesting choice of words for it means to "hold-off, or put-off, as by force, guile, etc." So what Bush is saying is that he will spend $168 billion to hold-off a recession that we are almost already in.

Will this so called stimulation package work? Hell no!!!!

The only way that this package could possibly have even a minimal positive impact on the American economy, which is now totally broken, is if every penny of this package was spent by consumers .... and that is not likely to be a "happening thing." Why?

Many American's are so overloaded with debt that they will have to use the rebate to pay down their credit card debts. So in other words, for those Americans, the rebate is tantamount to a partial bail-out of heavily indebted consumers and credit card companies. Hardly a net gain to the U.S. economy.

For others, the amount of dollars that are left over after debt reduction are drained-off because of America's dependency on imports.

Consider that approximately 70% of the goods on China-Mart ... ooops sorry ... on Wal-Mart shelves are made in China, and not in the good old USA., (why are you still shopping there) and 23% of total personal consumption expenditures are currently spent on imports and off-shored goods .... that's $1,870,000,000,000 directly stimulating FOREIGN ECONOMIES!

If the "Dance of the Dunces" in Washington were not so sad it would almost be laughable. The question still remains ... what exactly is this economic stimulation package really stimulating?