$825 billion question: How fast will it work?

[Fire1]

Source: Time

http://money.cnn.com/2009/01/27/news/economy/stimulus_spending/index.htm

No link yet.

---

Tax Relief On The Way!..............

[kcks]

1. It will

take a long time if ever for this type of action to help, give everyone a 6 month federal withholding holiday.

[Robbien]

3. That helps the tens of millions unemployed how?

And the tens and tens of millions of underemployed aren't helped either.

What is needed is the creation of good paying jobs. Giving a tax break to those who already have good paying jobs helps nothing.

[Javaman]

9. I smell freeper madness with that one. lol nt

[Politicalboi]

2. President Obama is

Killing the Repubes with kindness. :rofl: This is great. They were wooed like little school girls. I just saw them on MSNBC.

[Fire1]

5. Yeah, they looked like 'star struck groupies!' LOL! But still

posturing against increased spending. They are soooo short sighted!

[Mari333]

4. again, I say..as long as huge corporations continue to send jobs

out of the country and benefit from cheap slave labour, nothing will change. stimulus is a band aid on a gaping bleeding wound.

[stillcool]

13. If contracts could be

limited to American Corporations, not Global ones, that would be great..although I don't know how many of them are left.
$32 billion to transform the nation's energy transmission, distribution, and production systems
$16 billion to repair public housing and make key energy efficiency retrofits.
$6 billion to weatherize modest-income homes
$10 billion for science facilities, research, and instrumentation
$6 billion to expand broadband internet access
$30 billion for highway construction
$31 billion to modernize federal and other public infrastructure
$19 billion for clean water, flood control, and environmental restoration investments
$10 billion for transit and rail
$14 billion for School Modernization and Repair Program
$6 billion for higher education modernization
$20 billion for health information technology


Tax cuts
$87 billion for a temporary increase in the Medicaid matching rate.
$43 billion for increased unemployment benefits and job training
$39 billion helping with healthcare under COBRA and providing short-term options to be covered by Medicaid.
$79 billion in state fiscal relief to prevent cutbacks to key services
$4.1 billion to provide for preventative care and to evaluate the most effective healthcare treatments
$15.6 billion to increase the Pell grant by $500
$4 billion for state and local law enforcement funding.
$27 billion to local school districts through
$20 billion to increase the food stamp benefit by over 13% in order to help defray rising food costs.

[whistle]

6. Tax rebates will be immediate as returns are filed, other components

...as states get infusions of cash/credit and infrastructure items as projects as begun and jobs created. Lots of time there for repukes to drag some things out

[D-Lee]

7. Repubs would probably like no-bid / no-strings contracts to spend the money

Hey,that worked so very well overseas! (Sarcasm.)

What kind of blather are they spouting? Gee whiz, it is just so awful and such a surprise that construction / infrastructure contacts need lead time for planning, approvals and bid solicitations. (More sarcasm.)

[question everything]

8. At least poor women will be able to get unplanned pregnancies

not that you will find it on LBN

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=3709260&mesg_id=3709260

[pjt7]

10. some tough times ahead no matter what

America has to realize we are in for rougher times & the snap you're finger, it's over dream, ain't happening.

[TygrBright]

11. $825 billion answer: Not fast enough! n/t

[Baby Snooks]

12. Who said it will work?

I don't recall anyone in Congress saying it would work. But, well, they have to do something. Might as well bail out the rest of the crooks after they bailed out Wall Street.

[robcon]

14. Throwing money against the wall won't work.

A total waste.

[Fire1]

15. Well, isn't that how 'bottom up' economics is supposed to work?

[stillcool]

17. Nothing will work..

so we shouldn't bother doing anything. People think health-care will solve the problem. As if those jobs will come back if these global corporations are relieved of the burden of health care. I don't think people really care that much about other people's jobs. Too bad isn't it? I kind of liked some of this stuff. I haven't begun to read the 647 page package, have you?




$32 billion to transform the nation's energy transmission, distribution, and production systems
$16 billion to repair public housing and make key energy efficiency retrofits.
$6 billion to weatherize modest-income homes
$10 billion for science facilities, research, and instrumentation
$6 billion to expand broadband internet access
$30 billion for highway construction
$31 billion to modernize federal and other public infrastructure
$19 billion for clean water, flood control, and environmental restoration investments
$10 billion for transit and rail
$14 billion for School Modernization and Repair Program
$6 billion for higher education modernization
$20 billion for health information technology




$87 billion for a temporary increase in the Medicaid matching rate.
$43 billion for increased unemployment benefits and job training
$39 billion helping with healthcare under COBRA and providing short-term options to be covered by Medicaid.
$79 billion in state fiscal relief to prevent cutbacks to key services
$4.1 billion to provide for preventative care and to evaluate the most effective healthcare treatments
$15.6 billion to increase the Pell grant by $500
$4 billion for state and local law enforcement funding.
$27 billion to local school districts through
$20 billion to increase the food stamp benefit by over 13% in order to help defray rising food costs.

[sendero]

16. We are entering a Depression..

... and no matter what the gov't does, we're going to be there for some time.

I think anyone expecting a "recovery" in less than 2-3 years is dreaming.