Obama and Democrats Plan $500B Economic Package

WillowTree

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Sep 15, 2008
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WASHINGTON -- Congressional Democrats and President-elect Barack Obama are laying the groundwork for quick enactment in January of a giant, two-year economic rescue package that will total about a half-trillion dollars.

His economic team in place, Obama has tasked his aides with assembling an ambitious measure to not only swiftly pump money into the battered economy, but also create 2.5 million new jobs, send a tax cut to the poor and middle class, and make massive government investments in energy-saving and other technologies designed to pay for themselves in the long run.

Some senior Democratic lawmakers put the cost of the package as high as $700 billion, a figure Obama's team calls premature and several Democratic aides said was unlikely. One top Democratic congressional official, speaking on condition of anonymity because talks on the economic rescue measure are ongoing, said it will probably cost between $400 billion and $500 billion over two years.

Obama and Democrats Plan $500B Economic Package - FOXNews.com Transition Tracker





Not even sworn in and already a whopping 1/2 trillion dollars in his budget,, and that dosen't even account for the tax breaks he promised,, our new wonderful just like he has health care,,,global poverty and Iraq,, he ain't gonna pull you lefties outta Iraq either.. Isn't this exciting.. I love fiscal responsibility don't you? today another news conference he's gonna tell us Americans how much we are going to "sacrifice" but his kids are going to private schools, and he will drive limousines, and private jumbo jets" but we're gonna sacrifice.. hhhhhmmmm! but he understands the middle class, he dosen't give a damn but he understands."
 
Would you rather him wait until he's on the job and plan then and maybe we get something done in March? Stop looking for excuses to bash him.
 
Democrats also plan to include tax cuts for low- and middle-class workers, along the lines of what Obama proposed on the campaign trail. One likely component is Obama's proposal to send tax credits of $500 to individuals and $1,000 to couples, including payments for people who make too little to owe any taxes. Those credits are estimated to cost about $115 billion in their first two years, according to the nonpartisan Tax Policy Center.

sounds like that does account for the tax breaks he promised, willow.

the article does mention him stressing the need for budget cuts. heres hoping he actually follows through and cuts programs which we cant afford to keep
 
sounds like that does account for the tax breaks he promised, willow.

the article does mention him stressing the need for budget cuts. heres hoping he actually follows through and cuts programs which we cant afford to keep




won't it be fun to see who gets the axe? you can bet your bottom it won't be illegals.. jez saying!
 
can I just get a million dollars.

please
they won't even notice it from that amount of money
 
massive government investments in energy-saving and other technologies designed to pay for themselves in the long run

Just where do they plan on getting the money for these massive investments. Who is going to determine which companies will be the recipients of these investments and who are we going to sell the final products to ? ( I think I'd like a better defintition of 'long run' too.)
 
WASHINGTON -- Congressional Democrats and President-elect Barack Obama are laying the groundwork for quick enactment in January of a giant, two-year economic rescue package that will total about a half-trillion dollars.

His economic team in place, Obama has tasked his aides with assembling an ambitious measure to not only swiftly pump money into the battered economy, but also create 2.5 million new jobs, send a tax cut to the poor and middle class, and make massive government investments in energy-saving and other technologies designed to pay for themselves in the long run.

Some senior Democratic lawmakers put the cost of the package as high as $700 billion, a figure Obama's team calls premature and several Democratic aides said was unlikely. One top Democratic congressional official, speaking on condition of anonymity because talks on the economic rescue measure are ongoing, said it will probably cost between $400 billion and $500 billion over two years.

Obama and Democrats Plan $500B Economic Package - FOXNews.com Transition Tracker





Not even sworn in and already a whopping 1/2 trillion dollars in his budget,, and that dosen't even account for the tax breaks he promised,, our new wonderful just like he has health care,,,global poverty and Iraq,, he ain't gonna pull you lefties outta Iraq either.. Isn't this exciting.. I love fiscal responsibility don't you? today another news conference he's gonna tell us Americans how much we are going to "sacrifice" but his kids are going to private schools, and he will drive limousines, and private jumbo jets" but we're gonna sacrifice.. hhhhhmmmm! but he understands the middle class, he dosen't give a damn but he understands."

I continue to find it funny/idiotic that some people are all for these bailouts and stimulus packages as if the government is just giving out free money...NEWSFLASH! This is OUR money they are giving out.... It's amazing how generous people can be giving out other people's money... LOL
 
Just where do they plan on getting the money for these massive investments. Who is going to determine which companies will be the recipients of these investments and who are we going to sell the final products to ? ( I think I'd like a better defintition of 'long run' too.)



from the very same place Boooosh got it from.. China methinks.. but but but but "Change We Can Believe IN" :lol: "We are the one's we've been waiting for,""" :lol::doubt::lol::doubt::eusa_liar::eusa_liar:
 
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I continue to find it funny/idiotic that some people are all for these bailouts and stimulus packages as if the government is just giving out free money...NEWSFLASH! This is OUR money they are giving out.... It's amazing how generous people can be giving out other people's money... LOL

They're just putting it all on a big credit card that has all of our names on it.
I wanna see the fine print and find out who we send our payments to and what kind or interest rate we have.
 
So do they have the $500 billion in Treasury to make this happen? Now how are they going to come up with the money if they are broke? Borrow? From whom? Rich people? In what return? Interest payments? Rich people going to get richer from this deal. Maybe they can cover the additional taxes they are going to pay when Obama raises their marginal tax brackets.
 
So do they have the $500 billion in Treasury to make this happen? Now how are they going to come up with the money if they are broke? Borrow? From whom? Rich people? In what return? Interest payments? Rich people going to get richer from this deal. Maybe they can cover the additional taxes they are going to pay when Obama raises their marginal tax brackets.

Like the rich people who own the central banks. :lol: Not a chance.
 
Rant:

[ame=http://www.youtube.com/watch?v=d6ctWiBFoTE]YouTube - Another freaking Bailout...[/ame]
 
Does anyone get where the 500 billion dollar comes from and who else they plan on sending the money to besides Americans?

$500.00 X 300 Million Americans = 150 Billion

So where are they sending the other 350 Billion?
 
won't it be fun to see who gets the axe? you can bet your bottom it won't be illegals.. jez saying!
No ones getting the axe but Obama is gonna' have to raise taxes four-fold in order to pay for all his programs he wants to implement.
Just like a new coach in the NFL, Obama and the LibTards can blame Bush only for the first season, one year. After that we better start seeing improvement or the midterm elections will straighten his ass out.

Hope and Change aint gonna' cut it.
 

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