Thursday, February 28

We told you about this months ago on Opensewer... The soon-to-be-infamous Line 47, which Paul Krugman mentions in his recent not-so-optimistic take on recovery from this recession: The Bush administration didn't want to give those famous $300 rebate checks; its original plan would have pumped hardly any money into the economy last year. Under prodding from Democrats the plan was changed to incorporate immediate cash outlays. But those outlays were included only grudgingly, and with a catch: they really weren't rebates. Instead, they were merely advances on future tax cuts. (NYT--user name: opensewer; password: iswatching.)