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Originally Posted by HockeyIlliterate
In West Texas generally?
Sure, given that the economy there is mostly oil and gas, and more money in everyone’s pockets would likely lead to more travel or buying online, which results in more oil and gas being used, and so more oil and gas production.
And for the local economy, most who live there don’t believe in the virus anyway, so they’d use the money to eat out more or to buy more sporting goods, which would keep restaurants open (and jobs going) or businesses open (and jobs going).
But I tell you what. If you don’t want your stimulus check, I’ll take it. I haven’t received one yet, and I’ve been unemployed since March.
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I don't really think stimulus is enough to turn around the oil and gas market.
I tried not to get too into my personal situation, but I don't get one either. Because of our unusual tax situation my wife does and she's just been giving them to her adult children who have been out of work for some or all of this. So I guess it kind of works in our case to filter to the people who need it. I don't see this stimulus helping any of the industries they're in. The unemployment boosts were much more helpful for them.