Bob basso author of common sense plays the role of thomas paine to ignite the fire of change in america patriotism and pride for america lead thomas paine to help take back america. White house senior adviser valerie jarrett was adamant on sunday, when asked if president obama was considering a so-called second stimulus to deal with the rising unemployment rate. Us economy needs a second stimulus the last stimulus package didn’t take into account the fiscal problems the recession would create for state and local governments january 22, 2010. The second part of the plan calls for a $50 billion stimulus that, according to obama’s campaign, would save more than a million jobs the money from this part of the stimulus would be split among state and national government agencies and would go toward rebuilding roads, repairing bridges, and repairing schools.
Forget a ‘second’ stimulus stop the first one by casey b mulligan july 15, there needs to be a second stimulus it shouldn’t look like the first one simply saying the economy is worse that obama expected therefore the stimulus package did not work is very sophomoric logic remember your first stats class. Firstly, there is no second economic stimulus check rather the obama administration plans to hand out tax rebates to approximately 150 million workers making less than $200,000 the tax breaks would be worth $500 for individuals and $1,000 for couples. The first time president obama appealed to congress to pass a stimulus package, in january, he went with arms outstretched, seeking solutions that advance not the interests of any party or the agenda of any one group but the aspirations of all americans. The us should consider drafting a second stimulus package focusing on infrastructure projects because the $787 billion approved in february was “a bit too small,” said laura tyson, an adviser to president barack obama.
The second stimulus includes $12 billion to restore some of the purchasing power of nih that was lost because of inflation in the past five years and allow nih to award at least 3,300 new. Rumors have swirled in the past week that the obama administration is considering a second economic stimulus package cbs news congressional correspondent nancy cordes reported on the early show. The american recovery and reinvestment act of 2009 (arra) (publ 111–5), nicknamed the recovery act, was a stimulus package enacted by the 111th us congress and signed into law by president barack obama in february 2009. I heard today that the first stimulus package may not have been enough to boost the economy in fact, they said all of it has already been spent on gas and none of it is left for bouncing back this slacking country.
We need a 2nd economic stimulus package like we need a 2nd great depression the first stimulus package will be a colossal waste of money, that we don't even have a better solution would be to suspend all federal taxes (income, social security and medicare) for a year and let the hard-working citizens of this country keep their money. Ramarecovery: cyril’s r50bn stimulus package for sa – in his own words africa’s most industrialized economy contracted 07 percent in the second quarter, after contracting 26 percent in the first, and the central bank projects growth of just 07 percent this year and 12 percent in 2019. The agency said that the effects of the government’s €26bn stimulus package would start to be felt in the second quarter of next year, with gross domestic product shrinking only 01 per cent. In february, congress enacted a $168 billion stimulus package that included tax rebates for people and tax breaks for businesses the rebate checks did help to lift economic growth in the spring after that, though, consumers cut back sharply and businesses have retrenched in turn. The main purpose of the economic stimulus package was to prevent the re-emergence of the panic that gripped investors in 2008 it also aimed to restore trust in the finance industry by further limiting bonuses for senior executives for companies that received tarp funds (recoverygov.
Rumblings about a second stimulus package began over the weekend, when vice president joe biden told george stephanopoulos on this week that the administration misread how bad the economy was. Calls grow to increase stimulus spending, says a recent front-page wall street journal headline author deborah solomon claims, some economists are pressuring the white house to enact a second. Republicans seized on press reports about pelosi and obey, arguing that talk of a second stimulus was an implicit admission that the first stimulus won’t work share on facebook share on twitter.
The government’s second economic stimulus package will be financed through a $28bn (egp 20bn) financial assistance from united arab emirates (uae), and egp 10bn in savings from the general. Buffett cautioned that a second stimulus package, like the first, won't be a panacea, because stimulus packages take time to work he criticized lawmakers' work on the first stimulus package. A second economic stimulus package worth $42 billion was announced in february 2009 it consisted of an infrastructure program worth $26 billion, $27 billion in small business tax breaks, and $127 billion for cash bonuses, including $950 for every australian taxpayer who earned less than $80,000 during the 2007-8 financial year. But a new stimulus package is a needed step toward ensuring that our economy doesn’t go further off course and good start toward creating the kinds of good jobs that will drive the economy of.
Washington, taking a page out of hollywood, looks set to release stimulus 2, the sequel and unhappy, tapped-out taxpayers—aka voters—may get a sneak preview of the second fiscal package as. Barack obama refuses to rule out second stimulus package president barack obama has not ruled out another stimulus package, even as with a few strokes of the pen he enacted the most expensive. Second, the economic stimulus package included $54 billion in tax write-offs for small businesses here's the breakdown: deductions for machinery and equipment, such as computer and office equipment, signs, and vehicles were raised to $250,000.