Economic stimulus package.... $13/week?

Goobieman · 02-12-09, 08:03 AM

Quote:

Economic stimulus package on track for final votes

WASHINGTON (AP) - Economic stimulus legislation at the heart of President Barack Obama's recovery plan is on track for final votes in the House and Senate after a dizzying final round of bargaining that yielded agreement on tax cuts and spending totaling $789 billion.
....
The $500-per-worker credit for lower- and middle-income taxpayers that Obama outlined during his presidential campaign was scaled back to $400 during bargaining by the Democratic-controlled Congress and White House. Couples would receive $800 instead of $1,000. Over two years, that move would pump about $25 billion less into the economy than had been previously planned.

Officials estimated it would mean about $13 a week more in people's paychecks when withholding tables are adjusted in late spring. Critics say that's unlikely to do much to boost consumption.

My Way News - Economic stimulus package on track for final votes

So, for all of you that poo-pooed the $300 stimulus checks from the Bush tax cuts -- what do you think of this?

Kandahar · 02-12-09, 08:13 AM

Quote:

Originally Posted by Goobieman

My Way News - Economic stimulus package on track for final votes

So, for all of you that poo-pooed the $300 stimulus checks from the Bush tax cuts -- what do you think of this?

Uhh I think you need to do your math. This is $676 per year.

Southern Man · 02-12-09, 08:17 AM

So the Democrat Congress is giving money directly to Democrat voters. The gal who said that Obama would make her house and car payments was right after all.

Kandahar · 02-12-09, 08:18 AM

Quote:

Originally Posted by Southern Man

So the Democrat Congress is giving money directly to Democrat voters. The gal who said that Obama would make her house and car payments was right after all.

I must've missed the provision in this bill that said registered Republicans were excluded from all benefits. Could you please point me to the proper section of the legislation?

WillRockwell · 02-12-09, 08:19 AM

I think the idea behind the stimulus package is to create jobs and the need for jobs, not to just hand out money to people.

Goobieman · 02-12-09, 08:20 AM

Quote:

Originally Posted by Kandahar

Uhh I think you need to do your math. This is $676 per year.

Aside form the fact its not MY math...
Read closer. $13/week, after the tax tables are adjusted.
30 weeks of reduction.

Goobieman · 02-12-09, 08:21 AM

Quote:

Originally Posted by WillRockwell

I think the idea behind the stimulus package is to create jobs and the need for jobs, not to just hand out money to people.

What part of the package does that?

Southern Man · 02-12-09, 08:22 AM

Quote:

Originally Posted by Kandahar

I must've missed the provision in this bill that said registered Republicans were excluded from all benefits. Could you please point me to the proper section of the legislation?

More Republicans then Democrats make enough to be past the point where they get money back. This is simple "spread the wealth around" to low wage folks, so the will be beholden to Democrats, thus more likely to vote for them. Its pure populism.

Southern Man · 02-12-09, 08:24 AM

Quote:

Originally Posted by WillRockwell

I think the idea behind the stimulus package is to create jobs and the need for jobs, not to just hand out money to people.

If the purpose was to create jobs then taxes would be reduced on high wage earners. The purpose of this bill is quite clear: to buy votes for the next election.

Goobieman · 02-12-09, 08:30 AM

So, for all of you that poo-pooed the $300 stimulus checks from the Bush tax cuts -- what do you think of this?

02-12-09, 08:17 AM	#3
Southern Man Educator Join Date: Jan 2009 Last Seen: 02-26-09 08:49 AM Location: The Beautiful Yadkin Valley Posts: 988 Thanks: 132 Thanked 184 Times in 157 Posts Lean: Very Conservative	Re: Economic stimulus package.... $13/week? So the Democrat Congress is giving money directly to Democrat voters. The gal who said that Obama would make her house and car payments was right after all.
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02-12-09, 08:19 AM	#5
WillRockwell Professor Join Date: Jan 2009 Last Seen: 03-10-10 08:47 PM Posts: 1,787 Thanks: 49 Thanked 343 Times in 242 Posts Gender:	Re: Economic stimulus package.... $13/week? I think the idea behind the stimulus package is to create jobs and the need for jobs, not to just hand out money to people.

02-12-09, 08:30 AM	#10
Goobieman Yer favorite damn disease Join Date: Feb 2006 Last Seen: Today 09:15 AM Posts: 14,181 Thanks: 137 Thanked 2,274 Times in 1,551 Posts Lean: Very Conservative Gender:	Re: Economic stimulus package.... $13/week? So, for all of you that poo-pooed the $300 stimulus checks from the Bush tax cuts -- what do you think of this?
	__________________ Artificially supporting the weak, slow, sick and stupid strains already limited resources and weakens the species as a whole. -Goobieman

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