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'Incredible Shrinking Stimulus' Won’t Save the Day, Says Couric

By Jeff Poor
Created 2008-04-29 16:14

“CBS Evening News” doesn’t think the government’s tax rebate will be enough [1].

“The government started sending out those tax rebate checks today, but they may not do all that much to stimulate the economy because a lot of the money will be used to pay for basic necessities like energy,” “CBS Evening News” anchor Katie Couric said on the April 28 broadcast. “The price of oil approached $120 a barrel today before closing at a record $118.75.”

Despite some receiving checks between $300 and $1,200 and an extra $300 per child, Couric deemed the rebate checks as “shrinking” because of high gas prices.

“Another all-time high for gasoline as well, a nationwide average of $3.60 a gallon – [CBS correspondent] Anthony Mason now on the incredible the stimulus proposal as it was being debated in Washington [2].


Source URL:
http://newsbusters.org/blogs/jeff-poor/2008/04/29/incredible-shrinking-stimulus-won-t-save-day-says-couric