Is Economic Stimulus Plan Step In Right Direction? - KAIT Jonesboro, AR - Region 8 News, weather, sports

Jonesboro, AR -- Brandi Hodges Reports

Is Economic Stimulus Plan Step In Right Direction?

January 25, 2008 - Posted at 5:20 p.m. CDT

JONESBORO, AR (KAIT) -- By this spring you could have more cash in your pocket, thanks to the government, but will this really help jumpstart our sagging economy?

"I think it's a good idea," said Sylvia Blout.

"I think it's a great thing I think anything they do now is going to be good that's positive," said Sterling Cook.

Thousands of people across Region 8 could have a check coming in the mail as early as this spring.

"It's going to help pay my bills it's going to help pay some of my light bill.  It was $350 this month so I think it's going to work out pretty good," said Scotty Joyner.

"I have two kids and it will probably help tremendously on things they want to get that I haven't been able to afford to get," said Shamika Harris.

The Economic Stimulus Plan announced Thursday by the government is a positive step in the right direction to help the economy.  Under the proposed plan, individuals making less than $87,000 a year or couples making less than $174,000 will get $600 per person and $300 hundred dollars for each child. Joyner has a new baby and says this influx of money will help him and his family.

"It's going to help out on the diapers, it's going to help out on the milk and it's going to do a very good job," said Joyner.

Many people have bills that are piling up and some folks will use the money to help pay off consumer debt, but that may not necessarily be what the government intends it for.

"If people spend it for stuff to help the economy, you know, and not to put it back to save, if they use it for something they wouldn't normally spend it for that'll help put the money back into the economy," said Blout.

But regardless of what you spend it on, economists say it will make a difference.

"The work is far from over and as far as I'm concerned this package is not going to be over until we get the checks out to the American people," said Treasury Secretary Henry Paulson.

Government officials say they want to get this package out there as soon as possible.  It still has to go through the Senate, but with bipartisan support and it's expected to pass by the end of this session.

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