A brief paraphrase of a CNBC debate about whether or not the coming tax rebates will help China's economy more than ours.

Economic stimulus plan ready, but the IRS is busy processing tax returns until May, so all these tax rebates and credits won't be actually available until July or August. Is this stimulus even necessary, or helpful?

The White House is preparing to grant tax rebates for individuals and businesses in an attempt to boost the American economy as Goldman Sachs yesterday became the latest bank to give warning that recession is going to hit the United States this year.