Posts tagged as:

economy

Economic Stimulus Plan Is (Almost) Law: What Made the Cut?

16 February 2009

It is common sense to take a method and try it. If it fails, admit it frankly and try another. But above all, try something. – Franklin D. Roosevelt Clearly, something isn’t working in America. With mounting job losses, creeping retail sales, record foreclosures, it was clear that something had to change. What wasn’t abundantly [...]

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Fun Stimulus Bill Facts

13 February 2009

I’m not going to issue a complete report on the stimulus plan until the ink on the signature page is dry (Obama plans to sign the final version of the bill on Monday). But for now, here are some fun stat facts about the bill: Number of pages in the bill: 680 (editor’s note: the [...]

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Ask the taxgirl: Do I Need to Do Anything to Claim the Rebate?

10 February 2009

Taxpayer asks: I recently did my taxes through Turbo tax and during the process Turbo tax informed me that I qualify for a rebate of $300.00 (stimulus payment) beings I did not work 2007 and missed out on the 2008 rebate. Here is what turbo tax said “your situation has changed, and you qualify for [...]

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Housing Credit Bill Survives Debate (Psst, I Still Don’t Like It)

9 February 2009

As of this evening (Monday), it seems that the Senate version of the housing bill will make it intact to the vote on tomorrow. And you know that I’m not a fan. I promised that I’d explain why I think it’s a bad idea. It’s taken a few extra days (yes, a plague of biblical [...]

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Slight Majority of Americans Favor Stimulus

9 February 2009

As the stimulus plan works its way through the Senate, it appears to be losing popularity among US taxpayers. At the end of 2008, taxpayers were clamoring for a stimulus package, although there was not a lot of agreement as to what should be included. So Congress and President Obama went to work. What has [...]

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Looking for Bank Bailout News?

9 February 2009

You won’t get it today. Newly confirmed Secretary of the Treasury Timothy Geithner was slated to announce details of the revised bank bailout plan on today but that’s not going to happen. The Treasury is moving the planned speech ahead to tomorrow in order to focus on the economic stimulus bill. The bill is being [...]

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Vote on Stimulus Bill Expected on Monday

7 February 2009

Senate Majority Leader Harry Reid (D-NV) has indicated that the newly “trimmed” stimulus package will go to a vote in the Senate on Monday. The bill now costs approximately $827 billion. You would have thought that the Senate had found the cure for cancer, as they congratulated each other for finally agreeing on something. They [...]

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Obama Caps Exec Pay in Bailout Plan: Will It Make a Difference?

5 February 2009

Taxpayers have been crying foul for weeks now after it was revealed that executives of failing financial institutions were still being rewarded with extraordinary pay outs. How big were the pay outs? If you include stock options, bonuses and perks, the chief executives of 10 banks which received $161 billion in federal bailout money took [...]

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Modified Version of Stimulus Bill Passes House

28 January 2009

If this was to the be dawn of a new era of bipartisanship, it didn’t look like it today. President Obama’s stimulus package, a modified version of the original $825 billion plan, shaved off a few billion and still did not manage to get one Republican “yes” vote in the House. The final vote was [...]

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Geithner Says “I’m Sorry”

22 January 2009

In a hearing before the Senate Finance Committee, Timothy Geithner says he is sorry. Is it enough? The Committee seemed to think so, voting today in favor his nomination as Treasury Secretary. The final vote was 18-5 with the following Senators voting against Geithner: Chuck Grassley (R-IA); Jon Kyl (R-AZ); Jim Bunning (R-KY); Pat Roberts [...]

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