Bush calls for 'shot in the arm:' Instant tax relief

Hey Bush, how about cutting the spending first?

Headline should read"

"Bush calls for "Shot in the head to our Childrens future", increased deficits and debt."

I don't understand why this was necessary if "things have never been better." We should have just "stayed the course."

We need to get the Clinton team from 1993 back to clean up this mess. Republicans know nothing about the economy except how to mess it up. Then Democrats have to come in and clean up their mess.

No business is going to seriously invest in research and development until they know the country is fiscally sound, which it is not and will not be under Republican control. This is 1992 all over again.

Make the top 1% pay their fair share, eliminate the deficit, reduce the debt.

I see Bush has decided that a "shot in the arm" by giving relief into the hands of the people, is better than a "shot in the foot" by not pushing to keep his Tax cuts which puts the money in the hands of the greedy rich.

Just last week Dyslin said the economy was fine? I'm confused.

when does this go into effect? will i see it in my tax return this year?

"MORE PUSH IN THE BUSH"

BERNAKE SAYS GEORGE WE NEED TO PRINT SO MO MONEY IF YOU ARE TO CONTINUE TO BE THE BIP POPPY YOU ARE IN THE MIDDLE EAST, I MEAN AMERICA.

145 BILLION DOLLAR "HE GIVETH AND HE TAKETH BACK" CHINESE LOAN AT A 10% INTEREST RATE. YEA THAT'S SOME SERIOUS STIMULUS.

BUSH ECONOMICS 101 - GIVE AMERICA A NEW CREDIT CARD, THEY NEED TO GO SHOPPING TOO. INSTEAD OF PASSING SCHIP SAVING YOU THOUSANDS INSTEAD OF PENNIES AND A I OWE YOU FROM THE IRS.

ROGER MORRIS ECONOMICS 102 - TAKE THAT STIMULUS AND INVEST IT IN QWEST STOCK AND THEN CALL YOUR CONGRESSMAN AND DEMAND NO IMMUNITY FOR AT&T AND VERIZON WIRELESS AND YOU WILL ACTUALLY GET A RETURN THAT CAN PAY FOR GAS, WATER, AND FOOD IN AMERICA.

KEEP IT WE ARE JUST FINE, JUST LEAVE, JUST LEAVE THE ABUSE NEEDS TO END.

Can't wait for the wingnuts.

Sean Hannity, one of their heros, yesterday was extolling the virtues of Bush as he always does. He was ranting on and on about how the current economy is phenomenal.

Even Bush, in the above speech, is still talking about how the economy is growing (just at a slower pace), etc. Yeah tell that to the folks on Wall Street and Main Street George.

Would these folks have drowned on the Titanic because they refused to admit it was sinking?

How's that 401k John D?

What about the older generation and those on FIXED incomes? It seems they are forgotten because they don't pay income tax anymore. For years they worked and paid in but now that they are retired or disabled the thought is they can live on $950 - $1000 a month (and that is for a couple). We need a "shot in the arm" also.

Does Bush live in the same country as we do?

And who is going to pay for this so called stimulus package? Is the bush administration going to further drive this nation in more debt by borrowing more money from other nations like he has been doing with his republican war against Iraq in order to pay for this??? Bush's economic stimulus is the equivalent of taking water out of the deep end of the swimming pool and dumping it into the shallow end. This is simply another example of the fact that the Bush / Cheney administration never had any real solid, positive or effective policies to lead the USA from 2000 to this day. 9/11 was the best thing that could have happened to these rich republican elitists as it took America's attention off of the fact that these 2 clowns only have one form of national governance and that has been to fleece the middle and lower classes of the USA to benefit rich elitists. They are living proof that the republican party is nothing more then the party of the rich man's rich man and also blind one-dimensional straight ticket voting evangelical republican sheep. The only beneficiaries of the policies of Reagan, Bush Sr & Bush Jr have been limited to the rich wealthy elitists at the top at the expense of the middle class. The wasteful policies of the Bush administration and republican party are why this is happening and people need to quit living in denial of this. When people references Bush's so called tax cuts, they need to quit playing a game of political correctness and refer to them by their complete name...tax cuts for the rich and wealthy.

Just give the Bush family 140 Billion and let them spend it that'll fix everything.

In all seriousness though, I am very glad Bush found an excuse to give the extremely wealthy even more tax cuts before leaving office - forget the millions of poor who are loosing their homes, poor people mean nothing - only billionaires matter.

Hey Libs. Quit your whining. At least the money stays here in the states.

Why is the economic downturn of 2008 requires a tax rebate of $800 when the recession of 2001 only required $300?

I think Hucks idea to combat this slow down in the economy is correct.
Prayer.

Fast and effective, give it back to the people who are taxed, i'm gonna spend it...maybe a new couch...and that person will make a commission on it, bigger paycheck, keep the house, (my scenerio is simplified, no bashing)it compounds. those of us "in the trenches" (lower-middle income)could use something like this.

Actually, it isn't something only available to the rich. Sounds like alot of jealous people out there. I'm not rich and I'm happy that way and I will be getting this rebate just like MOST of the people in the US that pay taxes like normal people. I'm not saying that I agree with the Bush administration as a whole but I do think that this is a smart move as long as they make sure not to bury this country deeper into debt.

Bush: "No, Dick! I said a shot in the ARM!"

As if it wasn't bad enough conservatives had their heads in the sand, they now have it stuck in concrete.

Take your pick; the stock market, housing market, credit, exchange rate, personal bankruptcy, cost of living, manufacturing, etc. All are showing negative trends that's scaring the hell out of Wall Street.

Bush's "proposal"? He's going to buy votes by sending out rebate checks with his name on it to help the republicans who are going to be screwed in November.

Isn't it great this joke of a president is trying to convince the Middle East how wonderful it is for them that he is the president? He tries to show them freedom & how well things are going in Iraq & how it benefits the Middle East. His request to increase oil capacity from these "Islamofacists" from the former oilman? Shot down. No wonder Rush is not mentioning anything about Bush's Middle East tour. Even he can't spin this.

Face it. The US economy was set to fail for years by Republicans. You can't spend money indefinitely that's not earned to begin with & expect that to last. That's why this economy looked good, for the past few years, but never really was. Once you have to actually pay back the money you spent propping the economy with your own income, instead of relying on mythical future returns, there's little money left to buy those durable goods and services you can do without.

I'll say it for all the neophytes who blindly defended Bush & republicans & their antics the past couple years; They are directly responsible for the economic misery that lies ahead. At least be a true conservative & admit it's your responsibility for this mess.

2008 is the year the recession starts. It's going to be long & difficult & you can't blame Clinton or the Democrats, especially since Republicans had it their way for six years. This vision of an ownership society is going to leave you out on your own.

It seems to me that President Bush could give more than 1.5 Billion back to us if he can give 30 billion to Isreal and I don't even know how much to other countries. I was taught to take care of my own first then if I had anything to spare use it to help others. It is a shame when your mother who has paid tax all her life draws 700 dollars a month social security then has to pay over 300 of that for medical insurance that she also paid all the years she worked through medicare withholdings.
But no, lets take care of Isreal and all the middle east first, THEY NEED IT WORSE THAN THE MILLIONS OF AMERICA'S ELDERLY who are struggleing just to eat, not to mention all the moms and dads who are working for minimum wage who have children to feed. I don't see how anyone can survive on minimum wage these days, that wont even pay rent.
But, just ask Mr Bush, everything is well.
Then he goes to the aRABS to beg for lower gas prices, HEY, who let this happen to us other than our government by joining OPEC years ago then controlling oil production at home. Now we are being held hostage by foriegn oil companies, particulary arab oil companies.
WAKE UP AMERICA, WE ARE LOSEING IT.

Can't we all use a little help right now? I am a single mother and I know that any extra funds at the first of the year would help me out. We all have issues in life that could use a little money to help them out.

the ashtray says
you were up all night
when you went to bed
with your darkest mind
your pillow wept
and covered your eyes
and you finally slept
while the sun caught fire

you've changed

we fell in love
in the key of c
we walked along
down by the sea
you followed me down
the neck to d
and fell again
into the sea

you changed
oh, you've changed

maybe all i need is a shot in the arm
maybe all i need is a shot in the arm
maybe all i need is a shot in the arm
maybe all i need is a shot in the arm
maybe all i need is a shot in the arm
maybe all i need is a shot in the arm
maybe all i need is a shot in the arm

something in my veins bloodier than blood
something in my veins bloodier than blood
something in my veins bloodier than blood
something in my veins bloodier than blood

the ashtray says
you were up all night
when you went to bed
with your darkest mind

you changed
oh, you've changed

what you once were isnt what you want to be any more
what you once were isnt what you want to be any more
what you once were isnt what you want to be any more
what you once were isnt what you want to be any more
what you once were isnt what you want to be any more

The markets have already declared their verdict on the Great Moron President's proposal: they continued to go down.

YEE HAW! As one of the many under-class, under-paid, under-employed majority American citizens, this BS is just that. How ANYONE in America have been STUPID enough to vote for this power fanatic who had no clue before he got in office and still has none. How the heck is this ridiculous $800 to $1000 "tax relief" proposal supposed to do ANYTHING to help the people he has thrown into proverty? People who have lost jobs, and homes (or about to loose homes) should pack up every ounce of their belongings and move to the WHITE HOUSE using their $800 - $1000 'tax relief' payment as mortage or rent for the rest of their lives. Oh and I love this comment "Letting Americans keep more of their own money should increase consumer spending and lift our economy.." Is there something about this comment that is an indirect admission to ripping of the American public and that the current residing party has devasted the economy? Oh yeah, and this comment is classic "The economy is still creating jobs, though at a reduced pace,’’ Bush said. “After careful consideration and after discussion with members of the Congress, I have decided that additional action is needed.’’ Jobs being created at a "reduced pace"...mmmmm, wonder why? (duh) And of course, this brainless wonder takes full responsibility for the call for 'additional needed action' as if his butt wasn't backed up agains the wall by Congress and the state of the economy. There's an old saying, "if it ain't broke, don't fix it," but if you broke it in the first place, you're less than a man if you can't take responsibility for your mistakes. The man has a segregated mind set and under the guidance of folks like him, America will NEVER prosper.

Paul,

Let's go back to the "Clinton Economy" - he inherited an 18 month economic expansion. He cleaned up no mess. The recession of 2001 started 39 days after President Bush enetered office.

This $140 billion dollar is a 1% of the country's GDP - not large. Anyone that has ever studied economics knows that deficit spending is good to fight economic downturns.

RomanB, by an economic failure, do you mean recession? If that is the case, then all economies are bound to fail - contrary to your "thinking", we have not learned to eliminate economic cycles. We have a generation that really does not know what a deep recession is (1981-82).

n2 - "under-class, under-paid, under-employed majority American citizens" Look in the mirror on why you are "under-class, under-paid, under-employed ". Perhaps its your winning attitude. I guess you got enough money for the internet.

Terry,
I look in the mirror quite frequently and by gosh, I like what I see. And of course, I have enough money for the internet, I pay the bills, on my own, I purchased my home, on my own, I opened and have run a successful business for 12 years, on my own. You're obviously a brainless wonder as well. I call it as I see it with regards to the current political administration. I may not always be right, but then just like you, I'm human and imperfect. Nontheless, I stand by my insight. AND as a under-paid, under-employed, Under (million dollars) class American citizen, I STILL have the right to FREEDOM OF SPEECH. Oh an by the way, the generation between 1981-1982 may not all be as uninformed as you may like to believe. AND A LITTLE KNOWN FACT: economists are prone to error regularly. I'm a college graduate too, punk.

N2,

Which is it:

"As one of the many under-class, under-paid, under-employed majority American citizens"

or

"I have enough money for the internet, I pay the bills, on my own, I purchased my home, on my own, I opened and have run a successful business for 12 years, on my own"

Those two stmts just do not mesh - just clarify that.

How can you be the owner of the business and be under paid and under employed.

There really isn't a large generation BETWEEN 1981-82. There is a large generation that has been an adult after that and really does not know what a deep recession is.

Economist are wrong - you are kidding me? Do you think these economist that are calling this the satrt of a recession could me wrong?

A college graduate also. Impressed. What was your major in - punk?

If people think back to the 80"s when people lost their jobs and houses it was wonderful another Republican in office. During the Clinton years we had jobs and houses. People need to remember their history.

Terry,
You obviously have trouble with 'logic' which proves my point that you ARE a brainless wonder if you actually believe that economists are never wrong. Economist's PREDICT, and there's NO guaranteed FACT in prediction. And as far as I know, Economists are also human and prone to error.
Here's a portion of Economics 101 that you apprently missed. Deficit spending can be good or bad and is based on the Keynesian Theory (John Maynard Keynes - proported founder of macroeconomics). Too much spending can fuel a rise of inflation, create a rise in unemployment but lower the inflation rate. Anybody who got it in Economics 101 knows the objective of deficit spending is to maintain a balance. They also know that deficit spending in the history of America hasn't ALWAYS produced favorable results. Whether a deficit will be good or bad will depend on specifics and since you want to be the self-acclaimed "authority" on deficit spending and GDP, I'm guessing you know the specifics. Yes I used to be like you sitting behind the desk at a company owned by someone else. See my theory is if you're sitting in a job created by someone else, making a profit for someone else, and making a salary THEY think you're worthy of, then you're under-paid. If you're making a salary dictated by someone else's company and it's 'just' enough to get by on, then you're under-employed. And here's a flash for ya, if under the current administration you haven't been able to purchase a yacht, buy $3000 suits, purchase a $2.8 million dollar home, buy shoes costing in excess of $1200 a pair, hob-nob with the Bush's, then you're also "under-class." Welcome to the real world. As for my degree, I have a PHD in BITCHOLOGY and I'm an expert at it - as witnessed via my "winning attitude."

Tina,

The recession of 1981-82 was credited with stopping the runaway inflation of the 70's and set the foundation of the economy we have enjoyed for the past 25 years. An economy that has had only two very shallow recessions. Compare what inflation, interest rates, and unemployment were at the beginning of President Reagan's term and at the end. He and his economic team did a fantastic job.

As far as history, people need to remember their history, not re-write it.

When will this big tax relief money be issued to us? will we get it along with our regular tax return?

Tina,

The recession of 81-82 and the pain we suffered coming out from it basically set the foundation for the economy we have had the past 25 years, where we have had only two shallow recessions. Look to see what interest rates, inflation and unemployment were when President Reagan took office and see what they are we he left. It was a dramatic turnaround.

It is important to remember history,,but you should not try and re-write it.

Am I the only one who thinks of this a alright idea? Money given to me is nothing I complain about.

I agree Jeff. He should VETO everything that comes across his desk the Demos have loaded with their spending progams. Nice point.

The IRS tax debt relief is a great option for many and one can save a lot going through this process of tax debt relief settlement.