Bush's federal tax reimbursement is a winning Lottery for China!
It sounds great that we will all be getting money back from the Government. Perfect timing for an upcoming election.. I faintly remember this tactic used four years ago to bolster republican support. Think of what this means to China.
Our government is spreading money out in the hundreds of Billions of dollars in hopes we will spend it rapidly giving our economy a shot in the arm. But who really benefits?
I can guess by looking in the department store shelves and electronic stores that almost 80% or more is produced in China. YES. Have you checked your labels recently?
When we spend our hard earned gift, we will likely buy clothes and electronics. After all, we cannot buy a USA produced car or house with it. With these purchases, the USA retailers will temporarily benefit, but China's manufacturing sector will have an influx of money and stock orders like never seen before.
So when your spending your refund, thank President Bush, the Republican party and the Democrat party who all agreed to this. Thank them for helping China continue to grow and squeeze our USA manufacturers by the privates.