Riddleeagle... I read your post before you changed it... and agree 100%.

With another rate cut, mortgage rates will eventually come down, which is good for the consumer. Of course just one of the flip sides, so will interest rates on bank accounts, allowing me to "earn" less on my own money. My Roth and 401k are tanking thanks to the stock market. I think it's borderline naive to think that a few hundred bucks in the form of a "rebate" will save our economy.

The fact of the matter is, we as a nation are in debt.. and I don't mean just personal debt. And saying "go out and spend" isn't going to help. Most people in America don't have the money to spend, or what they do spend will just end up being put on a credit card, increasing the level of debt.