In recent weeks, I’ve gotten a number of e-mail inquiries about the possibility of a second stimulus check. Instead of answering these inquiries individually, I thought I’d take a moment to answer them all here. But first…
Why the Sudden Interest?
I’m guessing that recent interest in this topic has been driven by publicity surrounding the forthcoming economic stimulus package. Prior to that, President Obama (at the time, Candidate Obama) mentioned the possibility of a second round of checks while campaigning back in July, and Fed Chairman Bernanke lent his support to another stimulus check (among other things) back in October.
Will There be a Second Stimulus Check?
As it turns out, there’s no mention of stimulus checks of any sort in the “American Recovery and Reinvestment Plan” (that’s the official name of the forthcoming stimulus bill). Beyond that, I asked my Magic 8 Ball if there will be a second check, and the response that I got was “OUTLOOK NOT SO GOOD.”
Okay, okay… I’m lying about the Magic 8 Ball, but it seems that the underlying message is on point. As of right now, there’s no evidence to suggest that a second stimulus check is on the way.