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Question about stimulus package...

So I've been hopelessly out of touch since my latest was born....is this stimulus package of Obama's going to do anything for us as individuals other than put us further into debt?

I've heard everything from it's cutting middle class taxes to we'll be getting a whopping $250 (woohoo).

 
Anonymous

Asked by Anonymous at 12:20 PM on Feb. 9, 2009 in Politics & Current Events

This question is closed.
Answers (4)
  • Here is the full bill you can read http://www.huffingtonpost.com/2009/01/24/house-stimulus-bill-full_n_160569.html
    Here is what economists are saying:
    http://www.kolnkgin.com/news/headlines/38841367.html
    http://www.freemarketnews.com/WorldNews.asp?nid=57632
    http://www.motherjones.com/mojoblog/archives/2009/01/11673_liberal_economists_skeptical_obama_stimulus_package.html
    gemgem

    Answer by gemgem at 12:30 PM on Feb. 9, 2009

  • Obama isnt going to give us anything individually like Bush did (as far as a stim check etc) what hes doing is giving a tax credit of $500-$1000 to help offset what we pay in taxes. Those too poor to pay taxes will get the entire amount back. Those who pay will not itll go to pay what we owe. The package itself isnt going to help much. My understanding from reading economist statements is its a short term solution for a long term problem. The jobs created will be temp jobs, or cost alot to create. More pell grant money will go to students which is imo good. 800 mill is going to hybrid cars for the govt. Increases in Unemployment, Food Stamps and TANF, and basically its a temp bandaid for a bigger problem. They say in 2 yrs we will be back to where we are now with a larger deficit.
    gemgem

    Answer by gemgem at 12:24 PM on Feb. 9, 2009

  • As individuals he is taking all he can. As a small business owner with his tax increases to spread the wealth--we will be laying people off to try to keep our heads above water!!! A government CAN NOT GIVE anything to anyone WITHOUT TAKING it from some one else!!!!

    Anonymous

    Answer by Anonymous at 5:49 PM on Feb. 9, 2009

  • The stimulus package has not been figured out yet. From what I gather he does not want to do what did not work before.
    IraqiVetWife

    Answer by IraqiVetWife at 6:02 PM on Feb. 9, 2009

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