April 28, 2008
Posted: 11:00 AM ET
From CNN's Emily Sherman (CNN)— Former president Bill Clinton criticized the Bush administration’s stimulus checks Monday saying they will only help the economy if everyone spends them and no one saves them. “You know what you are supposed to do with these stimulus checks, is stimulate,” Bill Clinton told a group of his wife’s supporters while campaigning Indiana. “Go out and blow it. Don’t you dare pay down your credit card or save it,” he quipped. The federal government started depositing the stimulus checks Monday into bank accounts of 800,000 Americans hoping the extra money will encourage people to spend. Between now and July, the treasury will distribute more than $110 billion to at least 117 million low and middle income homes. Clinton said the fundamental issue is most people need the checks to pay off credit debt and bills. “Even if it’s all spent the way the president and Congress hoped it would be,” the current housing crisis would dwarf any possible gains. Filed under: Bill Clinton President Bush |
The latest political news from CNN's Best Political Team, with campaign coverage, 24-7. Sign up for our twice daily Ticker emails. Got a news tip or feedback? For complete political coverage, bookmark CNNPolitics.com. CNN=Politics Screensaver
New in the Ticker
Follow us on Twitter
Categories
Archive
Popular Posts
|
||
|
CNN Comment Policy: CNN encourages you to add a comment to this discussion. You may not post any unlawful, threatening, defamatory, obscene, pornographic or other material that would violate the law. All comments should be relevant to the topic and remain respectful of other authors and commenters. You are solely responsible for your own comments, the consequences of posting those comments, and the consequences of any reliance by you on the comments of others. By submitting your comment, you hereby give CNN the right, but not the obligation, to post, air, edit, exhibit, telecast, cablecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comment(s) and accompanying personal identifying and other information you provide via all forms of media now known or hereafter devised, worldwide, in perpetuity. CNN Privacy Statement.
|
|||