Stimulus Schmimulus

Who better than Arthur Laffer (of Laffer Curve fame) to explain the worthlessness of the tax rebate stimulus package that Congress and the Bush Administration cooked up to "cure" what supposedly ails our economy. Well, Mr. Laffer goes in to great detail on tomorrows Wall Street Journal editorial page explaining why the net effect of the tax rebates will be - zero.

The FDC has potificated on this subject before here and here. And as with the last post on the congressional ethanol mandates, the tax rebate stimulus package is more about politics than practicality.