can $150 Billion Plan Boost Faltering U.S. Growth

[richson]

The Bush administration proposed as much as $150 billion in corporate investment incentives and personal tax rebates to counter escalating risks to an economic expansion now in its seventh year.

``Passing a new growth package is our most pressing economic priority,'' President George W. Bush said yesterday.

Bush separated the plan from his push to make his past tax cuts permanent. That suggests the administration and lawmakers may be able to reach a deal more quickly, as Democrats warned against including an extension of the tax reductions in any package. Several Democrats voiced support for Bush's initiative.

dose anybodey else agree that $150 Billion Plan can Boost Faltering U.S. Growth?
some economists don't agree with that. they think 150 billion $ can't boost the biggest economy in the word. it just help the revolution and change the people's mind

[currencia]

$800 per person tax credit wouldn't make a dent in the situation. Way too little, way too late!

Besides, what gives you the idea that the resulting weak economy caused by too many taxes, too much government overhead, the purposeful weakening of the USD, and the planned exporting of US jobs is something that the elite want to change? These things are planned. All the money in America is flowing into the hands of a few. There is no interest in protecting low and middle income america, excepting from low and middle income americans who have no horsepower to do a thing about it.

Never mind the word "recesssion". The word to use is impending depression a la 1929.

Do you really think that a less than 5% unemployment rate is accurate? Last week, 4,000 people applied for 250 minimum wage/minimum benefit job openings at a new Walmart store in Atlanta. Unemplyment is over 15% and under-employment is another 35%. But, according to your government, all has been well and America is unfolding as it should.

Our country is run by a bunch of hegemonious elitists who will stop at nothing to transfer wealth from the hands of the many into the hands of the few. This $800 tax rebate is a bunch of dis-engenuine, worthless nonsense that we baffoon americans will swallow while these very elitists continue to rape and plunder until the majority of assets get into their pocket.

We have over 600,000 troops in Europe and the Middle East. What do you think the unemployment rate would be if we brought them all home? 6%?

[richson]

thank you for your answer
I think that is the rison the economists don't agree with this permision and think that only can help the people to give their vote to someone who say it latter.

[currencia]

While the world is quiibbling over the phrase of "is it a recession, or is it not", things are falling apart by the minute. While the US equity market is closed for a Martin Luther King Holiday foreign stock markets have today plunged. So far these foreign markets are down 25 and 30% because they do not see the US Fed acting fast enough and they do not beleive a lousy $800 future tax credit will make a dent in the poor US economy.

The US equity market index DJIA has dropped in recent days from 14,000 to 12,000. Do you think it is going to go back up when it opens tomorrow?
Soon the DJIA will be down another 2,000 points at 10,000.

Meanwhile, the american worker cannot afford to drive to work with gas prices at $3.50 a gallon. Soon enough that gas price will be $5.00 a gallon.
Food prices in the grocery store will almost doubled becasue crop production is being switched to make ethanol. So, don't think $5 a gallon milk will come down anytime soon. Hamburger will be $5 a pound and milk will be $8 a gallon.

Bernake is waiting until later this month to lower rates! I quess he isnt too serious is he! Nevertheless, he is a lot more serious than George. After he is out of office, you will start hearing the horror stories of how he personally amassed a fortune in this process of ruining America.

Ok, ok, my points are not specific enough to make a profitable trade? Try Djia down by another 300 points on January 22nd. Eurusd is at 1.4400. Look to go long. The dollar isnt going to be skyrocketing at this juncture.