Sixty four days into the Obama government and it seems the latest development in the overall economy points to an early economic recovery than most experts expected. Last March 24, Dow Jones Indexes organized a gathering of financial experts to assess the effects of the government bailout plan on the economy and they predicted that [...]
Latest Updates: stimulus RSS
-
Jason P. Jones
-
Jason P. Jones
The steady stream of positive economic news may indicate that the US economic crisis might be nearing the end. Less than three weeks ago we witnessed the stock market plummeting to very low levels, the unemployment rate surging to it?s highest level in recent years and the housing industry hemorrhaging even more.
The Dow Jones industrial [...] -
Jason P. Jones
The Obama administration apportioned a large chunk of the $787 billion stimulus package to help the ailing mortgage industry. The housing plan involves extending $75 billion to about nine million Americans who are threatened to lose their homes via foreclosure. The US mortgage market is estimated to be $10,000 billion.
Barely a month from approving the [...] -
Jason P. Jones
Just more than a month since the approval of the giant $787 billion stimulus package, there are already signs that the economy might be recovering. The package which is a combination of federal spending and tax cuts will provide one-time rebates to about 111 million families, tax breaks to businesses and ease mortgage loan limits. [...]
-
Frank Elliot
The current US recession has been viewed by most as the worst that ever that hit the country and prompted the Obama administration to approve the $787 billion stimulus package last February, which it hopes will save the economy from further sliding down.
The unemployment has reached a 26 year high of 8.10 percent which is [...] -
Jason P. Jones
The US housing crisis which has been pinpointed by most as the root cause of the current economic recession is finally showing some signs of recovery. Confidence in the current economy may have been bolstered by the approval of the Obama administration?s $787 billion economic stimulus package which was past in the first two months [...]
-
Frank Elliot
The day after signing the $787 billion economic stimulus package, President Obama unveiled his housing plan which involves a hefty $75 billion to help prevent about nine million Americans from losing their homes. This is a sign that underscores the urgency of solving the economic crisis. The President made the announcement in Arizona, which is [...]
-
Haron Nawabi
America is in dire need of repair. We are confronting the greatest fear we desperately attempt to avoid. We are involved in two wars and are drowning from an economic debt. Our enemies feel that this is a form of karma and are more determined than ever to strip America from the power it holds [...]
-
Fred Vanhoosen
The new Congress and President are hard-at-work trying to push through a new economic stimulus package. Our elected leaders are claim the stimulus package will cost $825 billion, but the Congressional Budget Office (CBO) – which is known for its accurate accounting – says that with interest costs, the package will actually cost $1.1 trillion.
To [...] -
John Parks
The Taxpayer’s Dozen
There are 12 areas of the economic stimulus package plan:
Tax relief, child tax credit, jobless benefits, health care, energy, education, infrastructure, science and technology, law enforcement, jump start on jobs, business breaks and accountability. To Democrats, this plan represents stabilizing the economy where it will see the most progress – helping people help [...]