So, how did you spend that 300.00 rebate check you got from long ago? I doubt individuals will give it back to the economy. The reason---Bills, bills, bills.... Anyway, all you economists please comment on the Bush economy speech...

Kevin Drum picks up on the tax cut point and says:

Bernanke is saying, as clearly as he can, that a temporary economic downturn shouldn't be used as a cynical excuse to pass new long-term tax cuts or to make existing tax cuts permanent. Not only would that have no effect on the economy right now, but it would likely make future economic problems even more intractable.