Obama Economic Stimulus Plan

#1
rjd970

rjd970

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#1
What do you guys think? Looks pretty similar to what he was saying during the campaign.

Specifics:

Total Cost: Between $675 billion and $775 billion.

Includes:

Tax Cuts: $300 billion in tax cuts for individuals and businesses. Includes $500 a year for individuals and $1,000 for couples. Also includes tax break for businesses that took losses in 2008 and 2009.

Job creation: Would establish a new credit for businesses that either create jobs in the United States or avoid layoffs.

Small business write-off: Would increase the amount of expenses small businesses can write off to $250,000 in 2009 and 2010, up from $125,000 currently

Also will incorporate:

- double renewable energy production and make public buildings more energy efficient;

- rebuild crumbling roads, bridges and schools;

- computerize the health care system;

- modernize classrooms, labs and libraries.

Obama readies push for recovery plan - Jan. 5, 2009
 
#3
#3
we need modern classrooms, those kids need full 3-d pics and movies of oral sex. nevermind the fact that they can't read or write.

is every road and bridge crumbling? Hussein O is only going to transfer jobs from the private sector to government, instead of having manufacturing jobs, we'll have government road jobs. of course it's got to paid for so you'll see taxes go up.

just make you business don't make over 250K or you'll be taxes more,

renewel energy will be another program that will supported by the government indefinitely, it isn't efficient and our taxes will be raised to pay for this too.
 
#4
#4
rjd970 said:
What do you guys think? Looks pretty similar to what he was saying during the campaign.

Specifics:

Total Cost: Between $675 billion and $775 billion.

Includes:

Tax Cuts: $300 billion in tax cuts for individuals and businesses. Includes $500 a year for individuals and $1,000 for couples. Also includes tax break for businesses that took losses in 2008 and 2009.

Job creation: Would establish a new credit for businesses that either create jobs in the United States or avoid layoffs.

Small business write-off: Would increase the amount of expenses small businesses can write off to $250,000 in 2009 and 2010, up from $125,000 currently

Also will incorporate:

- double renewable energy production and make public buildings more energy efficient;

- rebuild crumbling roads, bridges and schools;

- computerize the health care system;

- modernize classrooms, labs and libraries.

Obama readies push for recovery plan - Jan. 5, 2009
Click to expand...
The $300B, single year, tax cut is simply bait to set the hook of the $700B spending plan. I do not foresee its continuence beyond 2010.

Job creation: Obama said he plans to create 300M new jobs, at least 80% in the private sector...600,000 new employees on government payroll? No thanks.

The small business write-off will increase. As will the taxes that those business who are not sheltered pay.

Double renewable energy production? Shouldn't this be regulated by the market and the private sector?

Computerize the health care system? Apparently, that will make it better???

I imagine that if we modernize the classrooms then our kids will learn more better...
 
#5
#5
therealUT said:
The $300B, single year, tax cut is simply bait to set the hook of the $700B spending plan. I do not foresee its continuence beyond 2010.

Job creation: Obama said he plans to create 300M new jobs, at least 80% in the private sector...600,000 new employees on government payroll? No thanks.
The small business write-off will increase. As will the taxes that those business who are not sheltered pay.

Double renewable energy production? Shouldn't this be regulated by the market and the private sector?

Computerize the health care system? Apparently, that will make it better???

I imagine that if we modernize the classrooms then our kids will learn more better...
Click to expand...



that is just on the Fed level, you can triple that amount for the government as a whole.

if i a kid can't read the letter on the computer, how is going to type a paper? it's all socialist smoke and mirrors. if hussein O really cared, he would give tax credits and allow Americans the right to chose to send their kids to private or public school. but in a socialistist society. no one has that choice.
 
#6
#6
rjd970 said:
Tax Cuts: $300 billion in tax cuts for individuals and businesses. Includes $500 a year for individuals and $1,000 for couples.
Click to expand...

and what income limit has he chosen now?

The tax credit is likely to be offered only to those below a certain income level, but the Obama team hasn't specified where the cut-off point would be.
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and more give-aways by the gov't. So basically those very low wage earners voted themselves a pay raise with Obama?

The credit also would be refundable, meaning that even tax filers without any tax liability -- typically very low-income workers -- would receive one.
Click to expand...
 
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#7
#7
reduce corporate tax rates

end this flirtation with ratifying Kyoto and other environmental boondoggles

abandon the union friendly card check legislation

stop seeking to punish businesses that are successful (ie, the oil companies)

adopt the Fair Tax

stop calling tax increases "investments"
 
#8
#8
rjd970 said:
What do you guys think? Looks pretty similar to what he was saying during the campaign.

Specifics:

Total Cost: Between $675 billion and $775 billion.

Includes:

Tax Cuts: $300 billion in tax cuts for individuals and businesses. Includes $500 a year for individuals and $1,000 for couples. Also includes tax break for businesses that took losses in 2008 and 2009.

Job creation: Would establish a new credit for businesses that either create jobs in the United States or avoid layoffs.

Small business write-off: Would increase the amount of expenses small businesses can write off to $250,000 in 2009 and 2010, up from $125,000 currently

Also will incorporate:

- double renewable energy production and make public buildings more energy efficient;

- rebuild crumbling roads, bridges and schools;

- computerize the health care system;

- modernize classrooms, labs and libraries.

Obama readies push for recovery plan - Jan. 5, 2009
Click to expand...

On this board, did you really have to even ask what most think?
 
#10
#10
"rebuild crumbling bridges, roads and schools"

here's an idea. stop allowing states to funnel fuel and gas tax money into their general fund accounts. also end the practice of truck lane restrictions and split speed limits for trucks and cars.

stop using "lowest bidder wins" contract awarding. award contracts to companies with the best record of on time completion and long term durability.

fire the idiots in North Carolina who are working on I-26 east of Asheville between the 33 and 53 mile markers.
 
#11
#11
MG1968 said:
"rebuild crumbling bridges, roads and schools"

here's an idea. stop allowing states to funnel fuel and gas tax money into their general fund accounts. also end the practice of truck lane restrictions and split speed limits for trucks and cars.

stop using "lowest bidder wins" contract awarding. award contracts to companies with the best record of on time completion and long term durability.

fire the idiots in North Carolina who are working on I-26 east of Asheville between the 33 and 53 mile markers.
Click to expand...

if you listen to the media, we suddenly have an infrastructure that could any moment just collapse. amazing how these situations just crop up.
 
#12
#12
The Obama Stimulus Package AKA Your Tax Dollars

obama_ballin.gif
 
#14
#14
joevol320 said:
if you listen to the media, we suddenly have an infrastructure that could any moment just collapse. amazing how these situations just crop up.
Click to expand...

And it is amazing the number of bridges that actually need work. You don't blow off repairing infrastructure. You fix it. I can think of ten or twelve bridges in Tennesse alone on Federal roads that need immediate repair/rebuild. This isn't fantasy. Its reality.

The fact is, clueless one, you aren't going to like anything he does, regardless of the circumstances.
 
#16
#16
superdave1984 said:
I just want to know where he's going to get the money to pay for it.
Click to expand...

Probably the same place we got the money that we threw away in Iraq.

At least we'll likely see some BENEFIT from this.
 
#17
#17
SWIL said:
Probably the same place we got the money that we threw away in Iraq.

At least we'll likely see some BENEFIT from this.
Click to expand...

Hmmm. Well, his one year total matches several years of Iraq spending. Also, the Iraq spending certainly created economic stimulus so in effect we benefited in much the same way. Also, to the extent that any future stabilization in Iraq occurs, it prevents future costs to us.

An exaggeration to be sure but no more than saying we threw money away there.
 
#18
#18
When his plan says: repeal the federal reserve act and reclaim all profits by the federal reserve system over the last 95 years, then he will be be getting somewhere.

That is the law, anything else is just fluff.
 
#19
#19
here is a quote from Hussein's speach about the economy. this is a troubling mindset of him and most dem pols.

"At this particular moment, only government can provide the short-term boost necessary to lift us from a recession this deep and severe," he said

why is it that only government can be the solution. why can't he allow American businesses to solve the problem, they do it more efficiently with less cost. I guess, we'll be socialist by 2011.
 
#20
#20
anybody who thinks that Obama didn't loudly declare himself a socialist with his "only the government can solve this..." drivel is clearly out of their minds.

government interference with capitalism is why we're in this mess now and Obama's Hoover/Roosevelt economic pronouncements are only going to make things worse.
 
#21
#21
I'm ready to stop reading the news online and on tv with all of the recession/depression talk.
 
#22
#22
oklavol said:
I'm ready to stop reading the news online and on tv with all of the recession/depression talk.
Click to expand...
you'll be better informed for it. I stopped about 5 years ago and now intermittently read stuff that makes sense. I still, however, read the Journal and its editorial page religiously.
 
#23
#23
volinbham said:
Hmmm. Well, his one year total matches several years of Iraq spending. Also, the Iraq spending certainly created economic stimulus so in effect we benefited in much the same way. Also, to the extent that any future stabilization in Iraq occurs, it prevents future costs to us.

An exaggeration to be sure but no more than saying we threw money away there.
Click to expand...

I'd rather the spending be directed toward companies who build road, bridges, infrastructures, etc within the U.S.- not to companies who make weapons and outsource them to destroy road, bridges, infrastructures abroad.
 
#24
#24
rjd970 said:
What do you guys think? Looks pretty similar to what he was saying during the campaign.

Specifics:

Total Cost: Between $675 billion and $775 billion.

Yikes. Can we afford this? I don't think we can.

Includes:

Tax Cuts: $300 billion in tax cuts for individuals and businesses. Includes $500 a year for individuals and $1,000 for couples. Also includes tax break for businesses that took losses in 2008 and 2009.

Sounds good. I'll take it.

Job creation: Would establish a new credit for businesses that either create jobs in the United States or avoid layoffs.

The intent of this is to keep jobs in America, something that we can all say benefits the economy here.

Small business write-off: Would increase the amount of expenses small businesses can write off to $250,000 in 2009 and 2010, up from $125,000 currently

One of the reasons I voted for the guy.

Also will incorporate:

- double renewable energy production and make public buildings more energy efficient;

Another reason I voted for Obama

- rebuild crumbling roads, bridges and schools;

Spot on here, no complaints. Our infrastructure is atrocious.

- computerize the health care system;

I am a bit concerned about this. Are we completely abandoning paper, because as we all know, computers and hard drives do crash.

- modernize classrooms, labs and libraries.

:clap:

Obama readies push for recovery plan - Jan. 5, 2009
Click to expand...

see text
 
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