$819 Billion Economic Stimulus Package 2009 - So What!
The U.
S.
House passed President Barack Obama's $819 billion stimulus package without any Republican votes.
The 244 to 188 vote yesterday sends the measure to the Senate, where Republicans will have more power to demand changes.
They are calling for more tax cuts, less spending and a bigger focus on housing in the measure ..
SO WHAT! Among the changes Republicans are seeking: a plan to have the federal government back fixed-rate 4 percent mortgages.
The Senate is likely to begin work on the stimulus plan on Feb.
2.
The measure is separate from the administration's plan to shore up the banking system, which may cost in excess of $1 trillion.
Again..
SO WHAT! Now, being realistic and serious, these are very important and dire times.
News concerning the 2009 stimulus package is very relevant and vital to our economy.
Its like an episode of 'ER' or 'House'.
The patient (i.
e.
economy) is surviving only on life support.
The doctors (Democrats and Republicans) both agree major surgery is needed, they just can't agree upon which procedure is best for the patient.
Democrats want more spending.
Every stimulus bill dollar spent equates to $1.
50 in return stimulated dollars in the economy.
Major draw back is it takes longer to get into the patients circulatory system.
Republicans argue for more tax cuts.
This translates into $0.
75 in stimulated dollars from every $1 tax cut.
Their plan delivers less money into the economy, but it gets there more quickly.
And as a side note, there is always a chance that people will save the extra money instead of spending it to stimulate the economy.
So who's right and who's wrong? Important things to consider, but I still say..
SO WHAT! This is what I mean.
One thing that's certain is that people's credit scores are shot! This is why I say SO WHAT about the $819 Billion Stimulus Bill..
when it comes to repairing your credit.
Regardless of who wins their way on the bill, that doesn't mean that your credit scores will magically increase overnight.
This is something YOU will have to deal with YOURSELF! And your best weapon will be knowledge.
Using this knowledge to repair your credit will allow you to take advantage of some the opportunities that are currently available.
Real estate is one such opportunity that comes to mind.
Those who are in a position to buy these foreclosure homes will benefit tremendously when the market begins to stabilize and rebound.
It's important to understand the 5 major factors that determine your credit score and how you can LEGALLY manipulate them in your favor! Click the link below to begin your journey to financial recovery.
S.
House passed President Barack Obama's $819 billion stimulus package without any Republican votes.
The 244 to 188 vote yesterday sends the measure to the Senate, where Republicans will have more power to demand changes.
They are calling for more tax cuts, less spending and a bigger focus on housing in the measure ..
SO WHAT! Among the changes Republicans are seeking: a plan to have the federal government back fixed-rate 4 percent mortgages.
The Senate is likely to begin work on the stimulus plan on Feb.
2.
The measure is separate from the administration's plan to shore up the banking system, which may cost in excess of $1 trillion.
Again..
SO WHAT! Now, being realistic and serious, these are very important and dire times.
News concerning the 2009 stimulus package is very relevant and vital to our economy.
Its like an episode of 'ER' or 'House'.
The patient (i.
e.
economy) is surviving only on life support.
The doctors (Democrats and Republicans) both agree major surgery is needed, they just can't agree upon which procedure is best for the patient.
Democrats want more spending.
Every stimulus bill dollar spent equates to $1.
50 in return stimulated dollars in the economy.
Major draw back is it takes longer to get into the patients circulatory system.
Republicans argue for more tax cuts.
This translates into $0.
75 in stimulated dollars from every $1 tax cut.
Their plan delivers less money into the economy, but it gets there more quickly.
And as a side note, there is always a chance that people will save the extra money instead of spending it to stimulate the economy.
So who's right and who's wrong? Important things to consider, but I still say..
SO WHAT! This is what I mean.
One thing that's certain is that people's credit scores are shot! This is why I say SO WHAT about the $819 Billion Stimulus Bill..
when it comes to repairing your credit.
Regardless of who wins their way on the bill, that doesn't mean that your credit scores will magically increase overnight.
This is something YOU will have to deal with YOURSELF! And your best weapon will be knowledge.
Using this knowledge to repair your credit will allow you to take advantage of some the opportunities that are currently available.
Real estate is one such opportunity that comes to mind.
Those who are in a position to buy these foreclosure homes will benefit tremendously when the market begins to stabilize and rebound.
It's important to understand the 5 major factors that determine your credit score and how you can LEGALLY manipulate them in your favor! Click the link below to begin your journey to financial recovery.