Economic Stimulus Plan

The federal government occasionally uses economic stimulus plans to prevent or soften periods of recession.

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Obama's Economic Stimulus Plan

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vjack on

From: www.atheistrev.com

Image by jmtimages via Flickr The U.S. is in a serious economic slump, and leaders of both of the two political parties the mainstream media is willing to acknowledge are both clamoring for some sort of economic stimulus package. The core component of President-elect Obama's plan appears to be a series of tax breaks. This is nothing new. During his campaign, Obama talked at length about a middle-class tax cut. As details of his plan emerge, it sounds like each American family will receive from $500 to $1,000, most likely in the form of reduced taxes. Is there any reason to believe that this ... Read Full Story

Fed Chairman Bernanke Angry with AIG Bailout

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cmacivor on

From: catherinemacivor.com

Bloomberg.com reports that Federal Reserve Chairman Ben Bernanke is angry about having to bail out AIG because a division of the company acted like a hedge fund, which necessitated the bailout. “If there is a single episode in this entire 18 months that has made me more angry, I can’t think of one other than AIG,” Bernanke told lawmakers today. “AIG exploited a huge gap in the regulatory system, there was no oversight of the financial- products division, this was a hedge fund basically that was attached to a large and stable insurance company.” President Obama plans to propose a regulatory overhaul through legislation ... Read Full Story

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House Approves of $819 Billion 2009 Economic Stimulus Package

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housing-grants on

From: www.instantgrant-search.com

Obama-led Democrats in the House won an important victory with the approval of the $819 billion economic stimulus plan championed by the President. The 2009 economic stimulus package is divided into roughly $544 billion for federal spending and $275 billion for tax cuts that will aid individuals and businesses. Budget has been allocated in this stimulus package for 2009 for job-creating projects, specifically for transport infrastructure such as mass transit systems and highway infrastructure maintenance and expansion. The most important tax cut in the 2009 economic stimulus package is a $500 credit for single workers ($1,000 for couples with a joint application). This includes ... Read Full Story

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Second Stimulus Checks 2009

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housing-grants on

From: new.freegrantsearch.com

White House backed the 2nd Economic Stimulus Payment for 2009 . President Barack Obama has planned checks of $1,000 apiece, paid for with a tax on oil company incomes. During his last months in office, former President Bush Echoed Federal Reserve Chairman’s request For New Government Aid Plan. Momentum increased Monday, October 20th for a new economic stimulus tax rebate as Federal Reserve Chairman Ben Bernanke prefers another stimulus package for Americans. Poll Shows 90% Of American stand for Second Rebate Check 5.2 Million Checks From First Rebate Still Unclaimed The IRS declared that 5.2 Million Americans have still not arrogated their 1st rebate ... Read Full Story

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China Unveils $586 Billion Economic Stimulus Plan

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gblass on

From: chisblassternardone.blogspot.com

&en;&ei; By DAVID BARBOZA SHANGHAI — China announced a huge economic stimulus plan on Sunday aimed at bolstering its weakening economy, a sweeping move that could also help fight the effects of the global slowdown. Enlarge This Image Qilai Shen/European Pressphoto Agency An elevated highway site near Hangzhou, the sort of project that would be financed in a new economic stimulus package. At a time when major infrastructure projects are being put off around the world, China said it would spend an estimated $586 billion over the next two years — roughly 7 percent of its gross domestic product each year — to construct ... Read Full Story

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Ben Bernanke: No One Can Regulate Wall Street Better Than The Fed

For many Americans, the financial crisis, and the recession it spawned, have been devastating -- jobs, homes, savings lost. Understandably, many people are calling for change. Yet change needs to be about creating a system that works better, not just differently. As a nation, our challenge is to design a system of financial oversight that will embody the lessons of the past two years and provide a robust framework for preventing future crises...

From huffingtonpost.com ()

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Bernanke: Congress Should Not Place New Limits On The Fed.

NEW YORK (CNNMoney.com) -- Federal Reserve Chairman Ben Bernanke, just days ahead of his confirmation hearing, is warning Congress that actions limiting the central bank's independence could prove detrimental to the causes of financial reform and economic recovery.In an op-ed piece to be published in Sunday's Washington Post, Bernanke criticizes two moves aimed at limiting the Fed -- a proposal in the Senate to strip the central bank of its...

From talkback.lancasteronline.com ()

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Fed Chairman Ben Bernanke at Economic Club of NY

Here is a live video of Bernanke at the Economic Club of NYHere is the CNBC feed.Prepared Speech: On the Outlook for the Economy and Policy How the economy will evolve in 2010 and beyond is less certain. On the one hand, those who see further weakness or even a relapse into recession next year point out that some of the sources of the recent pickup--including a reduced pace of inventory liquidation and limited-time policies such as the "cash...

From blogger.com ()

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Fed Chairman Ben Bernanke Addresses the Economic Club of New York

With financial regulatory reform bills being debated in Congress, Federal Reserve Chairman Ben Bernanke gave an update on the steps the Fed is taking to improve the U.S. economic outlook. Senate Banking Cmte. Chair Chris Dodd (D-CT) is backing a proposal to strip the Fed of much of its supervisory power over financial institutions. Length: 51 min.Published: Today at 12:15pm (ET)

From c-span.org ()

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