$600 rebate! No thanks?

http://ap.google.com/article/ALeqM5h19_YeGzwzlmJhx42iIA7nJF0_UAD8UCF6J80

If you didn't make more than $75k last year, you can get a tax rebate for $600. You might be thinking: "600 bucks. w00t!". This $150 billion injection along with low interest rate would cause the good old greenback US Dollar to become even more worth less. Flood the economy with cash and hope people would spend it. The catch is that general prices of everything you buy would become more expensive. How much more expensive? Probably 4-5% more expensive - and that's a conservative estimate.

So if you spent $20k of your discretionary income last year (which is normal for a sub $75k income guy), since the prices of general goods will go up 4-5%. You are expected to spend an extra $800-1000 this year buying the same amount of goods this year! You think you are getting free $600, but you are in fact- in economics perspective, lost $200! The only way to stomp inflation is the raise rate - which should bring inflation back to a more normal level. On top of that, the money you leave in the bank will earn a higher interest (net-net, you are better off without the tax rebate and lower interest rate...unless you have $0 in your bank account).

Conclusion? The average middle-class worker is being F--KED up the A--. Yea, you know what I mean.