FAST FIVE: California Begins Fighting Inflation With Stimulus Checks This Week
The payments are slated to start going out Thursday and Friday and are technically “tax refunds”. The checks, which can be as much as $1,050 and are the brain child of Governor Gavin Newsom – will be distributed in amounts determined by people's annual income, mixed with the amount of dependents they have.
Debit cards will be mailed between now and mid-December, the same report says.
Former lobbyist Harry Schultz commented: “It's not nearly as drastic this year since he has such a commanding lead, but this does help Newsom right before the election.
Free money going out before an election, right during the beginning of a recession with consumer prices still being high.
It has been odd timing both times to say the least, and if I were [Newsom Gubernatorial opponent Senator Brian] Dahle, I'd bring this up during the debate, even just a passing mention of it being 'coincidental.'” Meanwhile, as Insider notes, 73% of respondents said government spending was a “major cause” of higher prices when polled by a right-leaning advocacy group earlier this year. Tyler Durden Fri, 10/07/2022 – 18:00.