Problems Abound

The world’s economic picture began crumbling several months ago and though things may have stabilized somewhat, the ramifications are being felt and will continue to be felt for years (decades?) to come.

It wasn’t long ago that our federal government debated and passed an economic stimulus package of $160 billion dollars that was designed to avoid, or at least soften, recessionary conditions. You remember that, don’t you? Most individuals got a $600 rebate, couples $1,200, and parents of dependent children got an additional $300. Businesses benefitted, too, with accelerated depreciation for new equipment that was geared toward stimulating capital investment. I’m sure quite a few companies in the package-printing industry took advantage of that benefit.