What Happened To The 2008 Stimulus Checks?

It is rare that an economist has the opportunity to influence large-scale government spending and then study the outcome, but that is exactly what happened to Jonathan A. Parker, a professor of Finance at the Kellogg School of Management. In 2005 Parker collaborated on a study of the income tax rebates of 2001, which were implemented by policymakers in an attempt to jump-start a U.S. economy left moribund by the vaporization of trillions in paper wealth by the burst of the Internet bubble.