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Stimulus package deal now being contested in the Senate!

Lestat

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http://news.yahoo.com/s/ap/20080207/ap_on_re_us/economy_stimulus

So the Democrats up the spending by 45 billion or so, to hook up the worst off (Disabled Veterans, the Unemployed, even put some cash in there so the poorest people in the country could get some subsidized heat!).

But here's the big kicker, they sort of tweaked the rebate check thing to be $500-$1000 instead of $600-$1200 just single/married now its a more sliding scale and the cutoff point is $150K for singles and $300 for families! This is good news because then I could cash in on it, as it stands, I don't get anything from the 160 billion dollar spending measure.

The Republicans are pissed over the re-write though and are filibustering the thing! I think they will re-write it once again and get it through, but who knows if the final plan will have the increased wage limits to qualify for the rebate check.
 
It's your money anyway if you pay taxes. Yay...they increased gov't spending...for FREE MONEY!!!!


Wait, where does that free gov't money come from again? Oh yeah...
 
political pandering.

people will take $300 and spend it on dvds, clothes, rims.

How is that going to change the housing market? job market? oil prices? Dollar fluctuation?

People having magic $300 bills (assuming say only 15% of americans even get it) going to magically change everything in the economy?

just vote pandering before the election.

Just pray those 9/11 Saudis bail our banks out. That's our only hope.

r
 
if they dont' raise the fuckin conforming loan limit as part of it i'm gonna be pissed.

i hvae like 3-4 cocksucker clients putting the brakes on their refinance to get a conforming rate.
 
the fuckin libs will eventually get it to where the lions share goes to poeple who didn't pay taxs. The president initially wanted it to go to taxpayers who made up to 150K, but to get it passed the libs HAD to give some of it away to the sumbitches who didn't pay in shit, that's fucking great logic.
Unless the liquor stoers and drug dealers spend the extra money, not a dime will be used to stimulate shit form them.
and btw, I'll just go ahead and say "thanks" for the portion that I get form the lowlife bastards who will pay their bondsman. I guarantee you that I will be hitting the bastards up for my money..... lol
 
calveless wonder said:
if they dont' raise the fuckin conforming loan limit as part of it i'm gonna be pissed.

i hvae like 3-4 cocksucker clients putting the brakes on their refinance to get a conforming rate.


I've got quite a few of these too.
 
Even I can live with that one, good link CW. I see they backed off their initial try, looks as if it'll go to "taxpayers and disabed vets", Pelosi was good there in handeling Reid. First thing that I've agreed with her on that I know of. Funny thing, the Libs crow about the low approval rating of the pres, the congressional rating is even lower.
Seems Peloosi is trying to bring that up..... lol
 
congress rating is lower cuz of

1) people who hired them to fix Bush's fuckups - pissed. Congress hasn't done shit.
2) republicans. Dont' like them cuz they're democrats.

So there's almost no one left who will 'approve' of them. Think of them as cops hired to do a job.

With Bush, he's higher - cuz at least he can count on approvals from republican voters, military, hispanics, etc.

r
 
they're sending money! I thought they meant "stimulants" package..... shit
 
gotmilk said:
Fleshlights for all people earning less than $12,ooo annually.
lololol!! that would surely boost morale!
 
The entire package is flawed.

Tax rebates do not jump start the economy. Only things like tax cuts, that permanently affect disposable income, do. It didn't work for Nixon in the 1970's, it didn't work for Bush in 2001, and it will not work now.

As a general rule learn that good politics makes for bad economics.
 
Army Vet said:
The entire package is flawed.

Bush doesn't care. Nor do Republicans.

The goal is to 'act' like you're doing something. And the 9-5 slaves of this country get all happy, and go to bed thinking the govt is doing something. Cuz they got this cute little check in the mail. Shit like that makes them giddy, even if most of that will just go towards higher oil prices next year.

They don't think that far ahead, which is why they are where they are.

r
 
since the economy going up and down has no effect on me - i'll enjoy the check.

but if i was a 9-5 slave with car loans and over-priced mortgages, yeah i'd be concerned about what's going on in washington besides these 'distractions' and ploys.
 
jnevin said:
You suck.

money for you too.

i have 3-4 clients that will move forward now. i don't know how long it'll take fannie/freddie to make their adjustments though

and if they'll calculate the risk factor the same
 
calveless wonder said:
money for you too.

i have 3-4 clients that will move forward now. i don't know how long it'll take fannie/freddie to make their adjustments though

and if they'll calculate the risk factor the same


Oh. I thought you meant the checks.
 
calveless wonder said:
no..i don;'t get one of those checks.

who gives a shit about 600 bucks

this translates into alot more than that


True. And I wouldn't fuggin' mind $600. I clipped a curb last week and need a new wheel bearing, hub, axle, and brake rotor. I don't think I'll ever see anything from the U.S. Treasury.
 
the more I read that thing, the stupider it gets. If you're single, $300-$600 ain't shit.......that might lessen your bills for a month, but that's it. If you've got a family, $1200 ain't gonna do shit either. Where do these people think that this is going to "inject demand" into the economy? The things that are still made in this country and that really do help our economy, will not become more affordable with a couple hundred extra bucks in your pocket. And How many young guys are going to go out and buy 360's or ps3's with that rebate? You can't even call this a "stop gap" measure because by definition, "stop gap" implies some sort of "effect". This will have no effect on what ails the country. Mineswell give us all our money back and just pack up and leave washington.........shut it down, we're better off without a fed govt., or at least one that runs like the one in DC. Completely ineffectual. And people wonder why so many of us are livid that trillions of our dollars get spent on rebuilding foreign countries that we crumbled. The fed has got away with shitting our money away on things that don't affect us for decades........and now as things are getting bad, they offer us what is pretty much "pennies". And even this rebate will set the govt back even further into debt because they can't control their spending. Shameful.
 
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