Sagging economy prompts tax rebate?
By Christy On Friday, January 18, 2008 At 1:56 PM
The Associated Press reported today, President Bush called for about $145 billion worth of tax relief to stimulate a sagging economy and fend off a possible recession.
During his presidency he has called for tax rebates before, but now seven years later, the economy is in an even a bigger slump.
Bloomberg reported the stats on unemployment: "The U.S. unemployment rate in December climbed to 5 percent, the highest in two years, from 4.7 percent the previous month. Employment growth in the U.S. was 1.33 million last year, down from 2.26 million jobs a year earlier."
And in all his ridiculous vagueness President Bush stated the following: "Yesterday I spoke to members of the congressional leadership from both political parties," Bush said. "I was encouraged by those discussions, and I believe there is enough broad consensus that we can come up with a package that can be approved with bipartisan support."
In other words he is saying he sees a problem, he went to Congress for advice, they told him what he should have already known but due to their far superb vocabulary we will need to wait until he looks up all the words in his dictionary. Once he pronounces all of the words over two syllables he will come back to the public and actually tell us what he plans on doing. Because his statement didn't verify a damn thing.
In reading reports across the web it seems the general consensus is the president seems likely to offer a plan that will include $800 rebates for individuals and $1,600 for households. So we'll see what happens.
You can watch a video below:
During his presidency he has called for tax rebates before, but now seven years later, the economy is in an even a bigger slump.
Bloomberg reported the stats on unemployment: "The U.S. unemployment rate in December climbed to 5 percent, the highest in two years, from 4.7 percent the previous month. Employment growth in the U.S. was 1.33 million last year, down from 2.26 million jobs a year earlier."
And in all his ridiculous vagueness President Bush stated the following: "Yesterday I spoke to members of the congressional leadership from both political parties," Bush said. "I was encouraged by those discussions, and I believe there is enough broad consensus that we can come up with a package that can be approved with bipartisan support."
In other words he is saying he sees a problem, he went to Congress for advice, they told him what he should have already known but due to their far superb vocabulary we will need to wait until he looks up all the words in his dictionary. Once he pronounces all of the words over two syllables he will come back to the public and actually tell us what he plans on doing. Because his statement didn't verify a damn thing.
In reading reports across the web it seems the general consensus is the president seems likely to offer a plan that will include $800 rebates for individuals and $1,600 for households. So we'll see what happens.
You can watch a video below:
Don't forget that democrats have to propose the legislature, republicans have to block it, then they have to argue over it for a few sessions, send it to the president, he has to veto it, write another $150 billion check to Iraq, and watch the dollar tank even further while congress goes on summer break and Americans complain nothing is getting done in Washington yet refuse to do anything about it.
Hey, I wonder which Bank has our mortgage now?