Obama promised tax relief to 95% of americans. He just didn't say how much. Today we learn that is it $8.00 per week. I am not making this up.
$8.00 per week out of 8 billion?
Taking your money, your childrens money, grandchildrens money and sticking it in the ole front pocket.
More to be added later on.
Two years ago the American people had an accumilation of saved up wealth and a good economic environment. Two years ago the dems took over control of congress that caused the taking up of the saved up wealth across the country by over $4 gasoline and increased cost of living. And now this is what they give to the American people that will affect them, their kids and their grand kids. Future Debt so obama can appear successful.
Who has the $trillions of the old money they took up? It was real paper cash. It just doesn't go poof and it dissapears. Someone is holding that cache. The other countries aren't holding it they are having economic problems of their own. And you can believe it did not go into the hands of middle easterners. Who took it up? Why? Where is it? We can see they eagerly wanted to lay out brand new printed cash to divy out to the people.With interest attached. Break out the party hats sheep!
Here is another Tid Bit........is this the Obama fix to Health Care? The "COBRA PLAN".....anyone who knows anything about Cobra knows all to well it is WAY EXPENSIVE and for those that have lost their jobs it is not a viable option.....the subsidy as explained here allows people to "PURCHASE" COBRA? Gee thanks!!!!!!!! Thank you for allowing folks to purchase a very expensive health care coverage that they probably cant afford since they lost their job now Obama! Ya DORK!
Looks like a little PORK PAY BACK TO ME!!!
"Health: The plan includes subsidies to allow people who are laid off to purchase health insurance through the federal COBRA plan."
You all need to sit down and read the Audacity of Hope. After all this is the change we can believe in.
2.3 trillion paid out by the taxpayers thus far with a $8 pp payback. Bendover, the Govt would like to help you a little more...
I understand this comes out of FICA. The thought was that people will spend small amounts whereas the bigger checks they tended to save.
The obvious question: If someone saves money or places it against debt, is this not slightly better than spending it on McDonalds? That is, the bank lends such funds 10X. If you wait one step and have McDonald's put it in the bank, it is not multiplied as much (because of the bank reserve requirement).
You are thinking way to logical. This is not about logic, this is about a feel good fulfillment of a campaign promise that has no stimulus effect...
You are right about the 10 to 1. The best thing for the economy that people could do is put their money in the bank...