Do You Remember When President Nixon Signed a Bill and Every Man and Woman Recieved a Check In America for The Total Of $50.00 US Dollars to Stimulate the Growth of The Economy?? Why Don't a President do That Again, Except Nowadays That Would Be Equivalent To $250-$300 US Dollars?? Hey, it Would Help the Struggling Economy!
2007-09-21 09:34:30 · 5 answers · asked by ? 5 in Social Science ➔ Economics
No One Remembers this, Only Every American in The C
2007-09-21 09:53:46 · update #1
...Country Recieved One!!!!!!!!
2007-09-21 09:54:10 · update #2
it never back in those days, it actually will increase spending which is good for the economy, think about it , when 280 million Americans get extra free money what will they do? Spend. And that raises the Stock Market which is also good.
2007-09-21 11:11:19 · update #3
Positive, it was in the early 70's and everyone went shopping
2007-09-21 13:24:41 · update #4
Write Your Congessman, Suggest it
2007-09-22 08:44:13 · update #5
YOU CAN'T JUST GIVE OUT FREE MONEY WITHOUT THERE BEING CONSEQUENCES!!!
2007-09-21 15:52:28 · answer #1 · answered by Mr. Smith 5 · 1⤊ 0⤋
I don't remember and I am old enough that I should. I did a quick web search and couldn't find any thing about it. Are you sure it was Nixon??? We got early refund checks after Bush signed the tax act in May 2003.
2007-09-21 19:24:33 · answer #2 · answered by meg 7 · 0⤊ 0⤋
I don't remember that but it sounds like a great idea. Not sure I'd be able to help you campaign for it though as I live in Scotland.
2007-09-21 18:58:44 · answer #3 · answered by Lost and found 4 · 0⤊ 0⤋
in order to do that you have to raise taxes or take money from the federal reserve and put in into circulation.
it sounds good in theory, but it can lead to inflation
2007-09-21 17:54:49 · answer #4 · answered by Anonymous · 0⤊ 0⤋
I was still crawling around in diapers, cloth as a matter of FYI, so I'm not familiar with that.
2007-09-21 17:09:35 · answer #5 · answered by Anonymous · 1⤊ 0⤋