Stimulus here we come!

Sava700 · Post by **Sava700** » Tue Feb 17, 2009 3:46 pm

Ok well its signed... now how fast will the changes take effect? Will we have tax breaks when we file our taxes for last year right away? I would think they should to make as quick as a change as possible.

It will be interesting to see if news postings talk about companies hiring instead of laying off in the near future to see how well this package was setup.

http://www.cbsnews.com/stories/2009/02/ ... 5436.shtml

Roody · Post by **Roody** » Tue Feb 17, 2009 3:48 pm

You won't see a big improvement for at least a year if not longer. These things take time.

Sava700 · Post by **Sava700** » Tue Feb 17, 2009 3:51 pm

Roody wrote:You won't see a big improvement for at least a year if not longer. These things take time.

Naw the tax breaks can be instant once signed in... its like throwing a new price sticker on a item for sale.

I can see the other things taking time but for the most part just it getting signed was said to be a major relief to many companies.. I expect to see a little difference within the next few weeks if not months.

JC · Post by JC » Tue Feb 17, 2009 3:54 pm

Sava700 wrote:Naw the tax breaks can be instant once signed in... its like throwing a new price sticker on a item for sale.

I can see the other things taking time but for the most part just it getting signed was said to be a major relief to many companies.. I expect to see a little difference within the next few weeks if not months.

I heard most americans will see an 8.00 dollar increase in their pay per week. Once the tax cuts take effect.

Sava700 · Post by **Sava700** » Tue Feb 17, 2009 3:56 pm

JC wrote:I heard most americans will see an 8.00 dollar increase in their pay per week. Once the tax cuts take effect.

Wouldn't that be pretty much instant once the bill is signed? I'm curious as to the time frame that will happen. Is there also a stimulus check for each like last time or no?

Roody · Post by **Roody** » Tue Feb 17, 2009 3:56 pm

Sava700 wrote:Naw the tax breaks can be instant once signed in... its like throwing a new price sticker on a item for sale.

I can see the other things taking time but for the most part just it getting signed was said to be a major relief to many companies.. I expect to see a little difference within the next few weeks if not months.

Tax breaks can hit right away, but it's not like there will be a massive change in the economy during that time. You are setting yourself up for a serious disappointment if you think otherwise.

Sava700 · Post by **Sava700** » Tue Feb 17, 2009 3:57 pm

Roody wrote:Tax breaks can hit right away, but it's not like there will be a massive change in the economy during that time. You are setting yourself up for a serious disappointment if you think otherwise.

Yeah that sounds about right for the cuts.. as for rest yeah I know it can't happen over night..,. here is a break down for state to state funds each are getting.

State Infrastructure (in dollars)
Ala. 603,871,807
Alaska 240,495,117
Ariz. 648,928,995
Ark. 405,531,459
Calif. 3,917,656,769
Colo. 538,669,174
Conn. 487,480,166
Del. 158,666,838
D.C. 267,617,455
Fla. 1,794,913,566
Ga. 1,141,255,941
Hawaii 199,866,172
Idaho 219,528,313
Ill. 1,579,965,373
Ind. 836,483,568
Iowa 447,563,924
Kansas 413,837,382
Ky. 521,153,404
La. 538,575,876
Maine 174,285,111
Md. 704,863,248
Mass. 890,333,825
Mich. 1,150,282,308
Minn. 668,242,481
Miss. 415,257,720
Mo. 830,647,063
Mont. 246,599,815
Neb. 278,897,762
Nev. 270,010,945
N.H. 181,678,856
N.J. 1,335,784,100
N.M. 299,589,086
N.Y. 2,774,508,711
N.C. 909,397,136
N.D. 200,318,301
Ohio 1,335,600,553
Okla. 535,407,908
Ore. 453,788,475
Pa. 1,525,011,979
R.I. 192,902,023
S.C. 544,291,398
S.D. 213,511,174
Tenn. 701,516,776
Texas 2,803,249,599
Utah 292,231,904
Vt. 150,666,577
Va. 890,584,959
Wash. 739,283,923
W. Va. 290,479,108
Wisc. 716,457,120
Wyo. 186,111,170
U.S. Territories 238,045,760
Total 38,101,898,173

http://www.cbsnews.com/blogs/2009/02/17 ... 6682.shtml

Gixxer · Post by **Gixxer** » Tue Feb 17, 2009 4:09 pm

Ohio was hit HARD. i guess that is why there are only about 2-3 states getting more than us.

Prey521 · Post by **Prey521** » Tue Feb 17, 2009 4:58 pm

JC wrote:I heard most americans will see an 8.00 dollar increase in their pay per week. Once the tax cuts take effect.

$13 a week for the first year or so and then supposed to drop to $8 for I don't know how much longer.

Brent · Post by **Brent** » Tue Feb 17, 2009 5:01 pm

Roody wrote:You won't see a big improvement for at least a year if not longer. These things take time.

That's the problem I see though, it is going to take too long. We need action right now.

blebs · Post by **blebs** » Tue Feb 17, 2009 5:04 pm

I don't think your going to see much of anything improve for at least 2 perhaps 4 years, unless of course, we go to war.

Post by **YeOldeStonecat** » Tue Feb 17, 2009 5:17 pm

JC wrote:I heard most americans will see an 8.00 dollar increase in their pay per week. Once the tax cuts take effect.

I heard a bit more than...a whopping 13 dollars!

Dan · Post by **Dan** » Tue Feb 17, 2009 5:40 pm

what the hell is 8 or $13 a week going to really do for "the average american" anyway ?

that's no big deal.

that's silly.

Sava700 · Post by **Sava700** » Tue Feb 17, 2009 5:43 pm

Dan wrote:what the hell is 8 or $13 a week going to really do for "the average american" anyway ?

that's no big deal.

that's silly.

nothing really.. cause by time it gets kicked in gas prices will rise and make up for it.

Dan · Post by **Dan** » Tue Feb 17, 2009 6:19 pm

it didn't do the stock market any good http://cbs13.com/national/stocks.wall.s ... 36773.html

"Investors around the world are betting that even with government stimulus and bailout programs, the global recession will just have to run its course."

downhill · Post by **downhill** » Tue Feb 17, 2009 6:54 pm

JC wrote:I heard most americans will see an 8.00 dollar increase in their pay per week. Once the tax cuts take effect.

That's flat out silly. lol

Where did you hear that? Maybe if you average the whole cross section but the middle class is going to get a tax break.

Prey521 · Post by **Prey521** » Tue Feb 17, 2009 9:01 pm

Is that $13 per week figure true no matter what how much you make? Between my wife and I, that'd be an extra $26 per week or $104 per month. I can finally afford to go to Disney World.

downhill · Post by **downhill** » Tue Feb 17, 2009 9:05 pm

No it would still be determined on how much you make per year...............

Prey521 · Post by **Prey521** » Tue Feb 17, 2009 9:06 pm

downhill wrote:No it would still be determined on how much you make per year...............

Gotcha, so I have to find another way to fund my Disney trip now.

JawZ · Post by **JawZ** » Tue Feb 17, 2009 9:21 pm

Just out of curiosity, I did the math on what it would cost us to provide Americans with free gas.

We used about 377 million gallons last year, at about $3 a gallon averaged out across all grades. That's approx $1.1 Billion. But if you look at it on a barrel per year basis of oil, we use 11.2 barrels a year vs 12.4 back in 1978. So we are better now than in '78.

YARDofSTUF · Post by **YARDofSTUF** » Tue Feb 17, 2009 9:33 pm

Sava what changed your mind to make you take such a look into this?

Its a drastic change from your thumbs up reply to the old stimulus bill and related topics.

Sava700 · Post by **Sava700** » Tue Feb 17, 2009 9:36 pm

YARDofSTUF wrote:Sava what changed your mind to make you take such a look into this?

Its a drastic change from your thumbs up reply to the old stimulus bill and related topics.

not sure.. maybe it was the Mt Dew I drank this morning.

YARDofSTUF · Post by **YARDofSTUF** » Tue Feb 17, 2009 9:40 pm

Sava700 wrote:not sure.. maybe it was the Mt Dew I drank this morning.

Voltage?

Sava700 · Post by **Sava700** » Tue Feb 17, 2009 9:42 pm

YARDofSTUF wrote:Voltage?

naw regular.. never tried the voltage

YARDofSTUF · Post by **YARDofSTUF** » Tue Feb 17, 2009 9:43 pm

Sava700 wrote:naw regular.. never tried the voltage

This is unforgivable.

JC · Post by JC » Tue Feb 17, 2009 9:44 pm

UOD wrote:Just out of curiosity, I did the math on what it would cost us to provide Americans with free gas.

We used about 377 million gallons last year, at about $3 a gallon averaged out across all grades. That's approx $1.1 Billion. But if you look at it on a barrel per year basis of oil, we use 11.2 barrels a year vs 12.4 back in 1978. So we are better now than in '78.

Cost? I thought it was going to be free

JawZ · Post by **JawZ** » Tue Feb 17, 2009 10:00 pm

JC wrote:Cost? I thought it was going to be free

I was just thinking out loud....instead of giving all of the money away, why not give a very small amount back to the people. $1.1 billion isn't much compared to $787 Billion.

I think the benefits would be worth it.

1. People would buy more cars
2. People could drive further to a new job that pays better.
3. the same rich idiot CEO's at the Big oil companies still get their blood money
4. Americans might spend, save, and invest more

It's a crackpot theory.

JC · Post by JC » Tue Feb 17, 2009 10:14 pm

UOD wrote:I was just thinking out loud....instead of giving all of the money away, why not give a very small amount back to the people. $1.1 billion isn't much compared to $787 Billion.

I think the benefits would be worth it.

1. People would buy more cars
2. People could drive further to a new job that pays better.
3. the same rich idiot CEO's at the Big oil companies still get their blood money
4. Americans might spend, save, and invest more

It's a crackpot theory.

As you know, the only problem is once you start something with government it can't be stopped.

WhoNut · Post by **WhoNut** » Tue Feb 17, 2009 10:19 pm

UOD wrote:Just out of curiosity, I did the math on what it would cost us to provide Americans with free gas.

We used about 377 million gallons last year, at about $3 a gallon averaged out across all grades. That's approx $1.1 Billion. But if you look at it on a barrel per year basis of oil, we use 11.2 barrels a year vs 12.4 back in 1978. So we are better now than in '78.

Sorry UOD, but there is something seriously wrong with your assumption here. There are 300 million Americans; I'm certain we used more than 1.25 gallons per capita. Otherwise, it's a great idea.

JawZ · Post by **JawZ** » Tue Feb 17, 2009 10:37 pm

WhoNut wrote:Sorry UOD, but there is something seriously wrong with your assumption here. There are 300 million Americans; I'm certain we used more than 1.25 gallons per capita. Otherwise, it's a great idea.

It's about $282 Billion a year. I had to redo the numbers. I based it on refined product per barrel (you get about 20 gals of gas per barrel), number of American drivers (57% of population), average miles driven per year and gallons needed (around 600 gallons per year), and cost per gallon of refined product + taxes ($3 across all grades). But still, it was a crackpot theory as I stated.

WhoNut · Post by **WhoNut** » Wed Feb 18, 2009 12:08 am

UOD wrote:It's about $282 Billion a year. I had to redo the numbers. I based it on refined product per barrel (you get about 20 gals of gas per barrel), number of American drivers (57% of population), average miles driven per year and gallons needed (around 600 gallons per year), and cost per gallon of refined product + taxes ($3 across all grades). But still, it was a crackpot theory as I stated.

A simple accounting error, and your plan changes from $1.1B to $282B. You're ready for Capitol Hill.

JawZ · Post by **JawZ** » Wed Feb 18, 2009 12:26 am

WhoNut wrote:A simple accounting error, and your plan changes from $1.1B to $282B. You're ready for Capitol Hill.

Yeah, I just wish more people would take a few minutes out of their busy schedules to let their representatives know how they feel about issues like this.

$787 Billion. And now GM wants $21 Billion.

downhill · Post by **downhill** » Wed Feb 18, 2009 12:44 am

JC wrote:As you know, the only problem is once you start something with government it can't be stopped.

Umm....Like protection? Roads? Or are we going to start about socialism agian?

We did very well under the New Deal. I'd say that Johnson's Great Society was a tax burden and a half but that said most of the beef about a lot of these programs from the right are they are going to cost too much.

Funny since the model of supply side economics is a huge failure.

Go back the New Deal way of thinking about things and it's an easier pill to swallow.

We flat out can't live without a fairly large federal program.

JawZ · Post by **JawZ** » Wed Feb 18, 2009 12:58 am

downhill wrote:Umm....Like protection? Roads? Or are we going to start about socialism agian?

We did very well under the New Deal. I'd say that Johnson's Great Society was a tax burden and a half but that said most of the beef about a lot of these programs from the right are they are going to cost too much.

Funny since the model of supply side economics is a huge failure.

Go back the New Deal way of thinking about things and it's an easier pill to swallow.

We flat out can't live without a fairly large federal program.

The world and it's paradigms have all changed since the New Deal and since the Reagan years. We do have repeatable cycles but the conditions and environment around us has all changed. I along with many people, do not have a problem with fair and responsible spending so long as it's accountable. We don't demand that our government spend more....we demand that they waste less! Less waste means more money for those projects and social services that we all place value in.

I simply want accountability and true representation. That's the middle ground for me John.

JC · Post by JC » Wed Feb 18, 2009 7:29 am

downhill wrote:Umm....Like protection? Roads? Or are we going to start about socialism agian?

We did very well under the New Deal. I'd say that Johnson's Great Society was a tax burden and a half but that said most of the beef about a lot of these programs from the right are they are going to cost too much.

Funny since the model of supply side economics is a huge failure.

Go back the New Deal way of thinking about things and it's an easier pill to swallow.

We flat out can't live without a fairly large federal program.

MY post was in response to the "free Gas" nothing more.

Roody · Post by **Roody** » Wed Feb 18, 2009 11:35 am

Here is a link about this.

http://www.recovery.gov/

downhill · Post by **downhill** » Wed Feb 18, 2009 12:22 pm

JC wrote:MY post was in response to the "free Gas" nothing more.

Umm...no it was about big government and entitlement.

Sava700 · Post by **Sava700** » Wed Feb 18, 2009 12:33 pm

downhill wrote:Umm...no it was about big government and entitlement.

Looked like it was about UOD's gas posts to me...

YARDofSTUF · Post by **YARDofSTUF** » Wed Feb 18, 2009 12:34 pm

Sava700 wrote:Looked like it was about UOD's gas posts to me...

JC generalized, it could be anything we want it to be.

Sava700 · Post by **Sava700** » Wed Feb 18, 2009 12:36 pm

YARDofSTUF wrote:JC generalized, it could be anything we want it to be.

Looked like it was about the gas posts to me...