Government economic stimulus checks are on the way [News]

…And you don’t even have to be Iraqi to get one, either.

From CNN:

“Tens of millions Americans will have a check in the mail,” House Speaker Nancy Pelosi, D-California, said at a Capitol Hill news conference. “It is there to strengthen the middle class, to create jobs and to turn this economy around.”

House Minority Leader John Boehner, R-Ohio, said, “I’m looking for quick action in the House. I hope that the Senate will follow quickly so that we can put this money in the hands of middle-income Americans as soon as possible.”

Sources on Capitol Hill and at the Treasury Department said the plan would send checks of $600 to individuals and $1,200 to couples who paid income tax and who filed jointly.

People who did not pay federal income taxes but who had earned income of more than $3,000 would get checks of $300 per individual or $600 per couple.

A Democratic aide and Republican aide said there will be an additional amount per child, which could be in the neighborhood of $300.

The government hopes that this measure might stem so much of the awful economic news lately, stating that these payments will stimulate the economy and encourage job creation. $300 might certainly create a tiny up-blip in the bleak economy, but is $300 enough to stimulate jobs? The idea is that this additional spending will be enough that employers will need to create new jobs, but somehow I doubt it, at least in the long-term.

Link to full story.