The checks, part of the 2008 Economic Stimulus Act, were designed to boost the American economy by providing extra money for Americans to spend.
"The act was created so that average Americans would have extra money to buy consumer goods, thus dumping billions back into the American economy," according to Alan Hineke, spokesperson for the USFEDBS.
To demonstrate the effectiveness of the 2008 Economic Stimulus Act, the USFEDBS recently released the results of the ways Americans spent their Economic Stimulus checks, tabulated for the first time here.
Top 10 Ways Americans Spent Their 2008 Economic Stimulus Checks
1. 28% of Americans spent their economic stimulus checks buying home electronics made in China.
2. 17% of Americans spent their economic stimulus checks buying new furniture made in China.
3. 14% of Americans spent their economic stimulus checks on a new computers made in China.
4. 11% of Americans used their economic stimulus checks to buy new clothes made in China.
5. 10% of Americans used their economic stimulus checks to make a down payment on a new car made in Japan.
6. 8% of Americans spent their economic stimulus checks buying gas and oil imported from the Middle East.
7. 6% of Americans used their economic stimulus checks to pay for vacations overseas.
8. 3% of Americans used their economic stimulus checks to buy illegal drugs imported from South America.
9. 2% of Americans used their economic stimulus checks to post bail.
10. The remaining 1% was divided between paying back taxes, job hunting, food, paying off student loans, getting a new tattoo and/or piercing, renewing their ad on Yahoo Personals, buying lottery tickets and postponing utter destitution for a few weeks.
"We're really excited by the ways the citizens of this great land contributed to the American economy," said Hineke. "Clearly the data show just how effective the 2008 Economic Stimulus Act was in boosting our economy."
To really see how average Americans spent their stimulus checks, click HERE.
Published by Will Wright
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21 Comments
Post a CommentI was one of the very few who used it to pay taxes and debts.
It stimulated the pockets of Obama's buddies more than anything.
bills
I can bet mine went to pay bills, but isn't it strange that most of the money went overseas to support them rather than the USA? I liked the USFEDBS too, I will bet you if they would admit it the FDS part is for Federal Bull Shitters. That fits all politicians I think even without a special Bureau being created to point them out. Great work! Johnny Yuma
Wow! That's ridiculous! Thanks for sharing this, Will!
Obama's rate of accomplishment 1% if that. good job.
Hehe. Methinks some of the commentators on this article didn't get the humor.
USFEDBS...I LOVE the acronym!!! I got a chuckle out of that one!
The economic stimulus package has to be one of the worst ideas used by politicians in recent years.
This article was incredibly interesting. What a find! Thank you for posting this.