Bush and Congress Seen Pushing for Stimulus Plan

Source: New York Times



WASHINGTON — The Bush administration and Congressional leaders, increasingly concerned about a possible recession, are moving closer to agreeing that an economic stimulus package is needed soon, Washington officials said Friday.

A Republican familiar with the administration’s thinking said Mr. Bush would present ideas to stimulate the economy, most likely in the form of tax relief, in his State of the Union message on Jan. 28. Mr. Bush will not decide on the details until he returns from the Middle East next week.

Democrats and Republicans on Capitol Hill are also suggesting that they might be able to put aside longstanding partisan differences and work on a stimulus measure, lawmakers and aides said Friday.

In a fresh sign of the possibility of an agreement on a roughly $100 billion package of tax cuts and spending to spur the economy, Nancy Pelosi of California, the speaker of the House, and Senator Harry Reid of Nevada, the majority leader, wrote to President Bush on Friday saying, “We want to work with you.”




Read more: http://www.nytimes.com/2008/01/12/us/12fiscal.html?_r=1&th&emc=th&oref=slogin

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I have to throw up.

the economy? Send me a $800 mortgage payment that will help but I refuse to spend their pocket change rebate at China-Mart or some other retailer to keep up the GDP numbers up.

I suspect many others will do the same and save a rebate check for harder times thwarting georgie's little econ package.

This does absolutely nothing to resolve the real issue of the manufacturing industries and with it the jobs that that drove our economy. Without those jobs there can be no recovery. Fiddling with taxes and rebates gives the impression something is being done and might slow the dive to the bottom for a short while, i.e., after the election but will do nothing to turn anything around.

Without those manufacturing jobs that were driving the economic engine of this nation, there can be no recovery.

Of course the bill must include retroactive immunity for Bu$hites, Telcos, NSA traitors and all else the followed the "Word" of god.

Seems to me, that if Congress really felt the necessity to target for a middle-lower class tax cut, the tax to lower (temporarily) would be the employee side of the social security tax. Set it up to effectively rebate the SS surplus. That way, everyone who works gets a bit back, even if they don't pay federal income taxes.

And don't even think of making the 2001 cuts permanent!

I'll sign the money over to the campaign of the eventual Democratic nominee.

This give the little people a rebate bill is just cover to extend bigger and better permanent tax cuts for the elite while you get so excitedly happy to be thrown your pittance.

Have fun enjoying your one time throw the dog a bone check. Meanwhile the elite will be laughing in your face while spending their huge tax cuts each and every year from here on out.