How Much Will You Benefit From the Stimulus Package?

Glad President Obama signed it!

This piece of legislation is terrible, what a joke. A federal moratorium for 2 years would fix the problem. But the clowns in DC aren’t interested in fixing the problem, its gonna take a revolution to get our country back!

Obama’s stimulus package is ridiculously inadequate to meet the gaping hole that is the gaping economic woes. How bout a serious tax cut?!!

The challenge of the stimulus package will be it’s diffusion. If it had a more clearly defined focus it might have a bigger impact.

pappa: I’m sorry, were you expecting to receive more free money? Are you a socialist? Would you rather that our dollar be worthless and have our government just print more to give to you?

Way to rack up $800 billion on the country credit card. Your tax dollars at work. We are paying for it to the tune of over $2600 for every man woman and child per person.

stimulus package is a waste. it’s once again people trying to manipulate the market. you can’t beat the market the market will come back and bite you in the butt. and so the new big lie grows

Jeff, What do you think the government is about to do right now? They ARE printing more money, by the pallet full, then its gonna get wrapped up in a nice shiny box with a red white and blue ribbon and send to various CEO’s and corporations across the country. It just irritates me to see all of my family, friends, and acquaintances being taken by wall street tycoons and their BFF’s in D.C….this plan does not have our best interests in mind. Oh and BTW, I’m not a socialist but one could argue that the new president is a Democratic socialist.

TommyBoy: Of course your right about this plan helping out a little bit, but the temporary gains are not worth the long term losses. And while you are obviously a huge supporter of Mr. Obama I would urge you to read something other than CNN to get an idea of some of the ideas and motivations behind this dastardly bailout bill. Of course i could be wrong about all of this, but none of you have changed my mind….yet

P.S. Jason, Alex, Gerry, Tidal, and Supero……..You guys are all spot on, and I agree with you.

Mike. That’s your problem. Maybe you should try saving for 10 months this time so it turns into $400 instead of having it “spent randomly” out of your control

Now let’s look at it this way. $787 billion dollars evenly divided amongst the work eligible citizens of the United States (That is people of working age or higher ~200 million.) would equal $3,935.00 each.

Looking at that in another way; even though most of those 200 million people will not enjoy any such benefit, the present and future actual working people, ~150 million will have to pay back $5,246.66 each!

Woo hoo! More bailouts for everyone else! It must be good. Obama said so!

I for one welcome my new $5,246 overlord. Don’t you, or are you Unamerican?

My view on this is it will help some and also hurt some, we will just have to wait and see. The rich get richer and the poor get poorer.
….Tidal, as far as the home loans go i agree if a person could not afford the home with the amount of money they make then they should not have been given the loan. But what about the people who had a steady job with a good income when they bought their home only to have the company they work for go belly up, or as many Americans be laid off or fired. My husband and his entire crew were laid off/fired due to lack of work with no recall date. He has been actively looking for another job for about 6 months with no luck. I am one of the lucky ones whos’ home is already paid for, but we went from about $4,500 a month take home pay to $1,280 unemployment a month. If we still had a house payment I believe we would not be able to make that payment as many familys in this country. So I ask what about the people who were making a good living? Say sorry you can’t make your payment anymore and we are not going to bail out go live on the street with your wife and kids.NO. We as a country need to step in and take care of our people and if possible help them keep their homes.

I forgot the URL of the SPENDING BILL:

http://online.wsj.com/public/resources/documents/STIMULUS_FINAL_0217.html

I have to agree with Mindy.
I was laid off from a 10 year plus job in late Oct 06. Took almost a year to find another. Then I was laid off from that job after 10 month in July of 08. Everyone else that was there then is gone now too. That is twice for me in the last 18 months. Lucky that my wife is still working after her company laid off 33% of the workers in her group last month.

Before the layoff I had a perfect credit score for over 30 years. I held out for six months using my savings before filing for unemployment benefits. Just by filing for unemployment benefits cut my perfect score and my auto insurance rate went up and my credit card company told me the interest rate on my account was to double in 30 days unless I suspended the account, which I did.

Really hope things improve soon. I lost count how many resumes I have sent out and people I continue to network with and I have only had that one single interview. In fact now my networking contacts are disappearing as they are getting laid off. Many have contacted me in the last 30 days or so saying they where so surprised that they are now unemployed too. Cuts are hitting people of all job types and companies. The old school belief that seniority helps you is just that. Sometimes I think the longer you have been there the more likely you will get laid off.

The extended benefit provision in the package is a temporary relief but I really want to see things start turning around soon for everyone. I keep hearing the nay sayers say Tax Cuts will help but I think most Americans had enough of that song and dance in the last eight years so at least Congress is trying something different. Nope it works.

To those of you that still think are so smart and above it all you need to face that you to can loose your job. You really can and you just might before it is over. That’s reality.

Take care!

We’ve become a nation of consumers and then a nation of welfare/socialist. Its a shame that politicians cannot be content with the salary that they have and must go ahead with passing all these pretend monies the past year and so.

politician sweat equity, no doubt with all that pork barrel spending, goddman.

Mike. That’s your problem. Maybe you should try saving for 10 months this time so it turns into $400 instead of having it “spent randomly” out of your control.

Again…it is not the job of government to save people who have lost their jobs or who cannot pay their bills. Our founders envisioned a system whereby the citizens had the freedom to help themselves. By taking money from the government and thereby giving them power over what we should be responsible for ourselves, we are losing that freedom. Government intervention will not solve this problem. It has been tried before. See the history of Argentina, Canada, and Rome.

I think we can all agree that there is mucho waste in the government on a much larger scale than the private sector. So by default, government programs have more waste and therefore receive less benefit. Give the citizens back their money and let us invest how we choose.

One final note for the Democrats..you do realize that you are not going to be in power forever, and by making the government even larger, you are actually giving more power to a future Republican administration which you hate so much.

We can blame one party or another but the truth is that both parties have been getting enormous contributions for almost 30 years from: The National Association of Realtors, Freddie Mac, Freddie Mae, most major investment banks and lenders, and so on. real estate related industries as well as the financial industry are at the top of the list, “giving” hundreds of millions of dollars a year to politicians. The result was a totally unregulated lending system. You all know what happened as a result.

The bottom line is that the government-both parties- need to get rid of lobbys.

Lastly, home prices are still inflated as a hangover from the exotic lending products that enabled their prices to rise. Let the prices fall. I for one as a renter am tired of homeowners getting the lion’s share of attention and being seen as mere victims. We who saved are just as much, if not more so.

Just take a moment to reflect on what Dick Cheney said in 2004, “Reagan proved that deficits don’t matter.”

Corporate-controlled media loved this line and reported it widely creating major agreement.

Our current state of affairs is the logical end of Reaganomics and Republican Party theory and policies. Deregulation has become synonymous with incompetence.

So stupid people all agreed and we’ve let them run us into the ground.

Now we get back to working hard for the money we earn, saving for a rainy day and taking care of your neighbor as the only way to save the neighborhood.

lol for a second i thought #6 said “Have you been laid recently?”

I’d like to know, where was all the commentary when the Bush administration removed all the restrictions on the lenders who gave out all these bad loans. Remember when Bush was bragging about all the people he had put into homes ( more Americans are home owners than anytime in history). And remember that Clinton resolved the national dept ? Only to have the next administration put us further in dept than any in history. And the war effort. What about all that money, what did we get out of that??

I feel giving all tax payers 50,000 dollars and if they use some of it to buy a car, then you receive a tax credit..That helps the car industries…Take some of that money and pay off your debts and that helps the banks.Give a tax credit for helping the banks.Take what you want of that monies and buy whatever you want and that and that will stimulate the rest of the economy…Give the money to the banks and have them lower all home loans 2% so I might be able to buy a new car..Getting rid of old cars and that helps the environment by eliminating pollution..Just a thought…

Probably a silly question, but would appreciate some informed feedback here: are people who own mobile (manufactured) homes eligible to receive this loan? Our mobile home is actually registed as a “vehicle” as it’s on wheels…seriously!

Where this stimulus and the previous stimulus seems to forget is the single parent who exceeds the $75,000 income, but less than the $150,000. Though we/others may make good money, it doesn’t take into account the additional expenses we experience for being a single parent….thus, they clump us into the single taxpayer bucket and we receive no stimulus.

YOU ALL CAN GRIPE AND CRY THAT YOU THINK YOU ARE NOT BEING TAKEN CARE OF ENOUGH.WHAT ABOUT THE PEOPLE OUT THERE LIKE ME THAT CAN’T WORK AND REALY HAVE MEDICAL ISSUES THAT PREVENT THEM FROM WORKING. AND AFTER 27 STRIGHT YEARS OF WORKING HARD. AND HAVE BEEN GETTING THE RUN AROUND FROM SOCIAL SCURITY FOR 5 YEARS.AND YOU HAVE TO DEPEND ON STATE HELTH INSURANCE THANK GOD THAT IS THERE. THIS STIMULAS WILL HELP YOU BUT NO NOT ME JUST REMEMBER THIS PRES. DID NOT GET US INTO THIS MESS HE IS JUST TRYING TO GET US OUT AND MAY I SAY MCAIN AND HIS FRIENDS ARE NOT MAKING IT VERY EASY FOR HIM JUST GIVE HIM A CHANCE YOU GAVE BUSH 2 CHANCES AND LOOK AT US AMERICA NOW