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Obama ’stimulus plan’ to cost ‘between $675 and $775 billion’
- Text size
AFP
December 29, 2008
US President-elect Barack Obama’s economic stimulus plan may cost between 675 billion and 775 billion dollars and will favor long-term infrastructure and job creation projects, top Obama aides said.
- A d v e r t i s e m e n t
With the United States facing gloomy forecasts of up to 10 percent unemployment and a deepening recession in 2009 — likely “the bleakest economic outlook since World War II” — Lawrence Summers said creating three million new jobs was a “key pillar” of Obama’s plan.
Obama senior adviser David Axelrod told CBS television Sunday that 675 billion and 775 billion were “not fixed” numbers.
“In this crisis, doing too little poses a greater threat than doing too much,” Summers, tapped to head the White House National Economic Council, wrote in an editorial in The Washington Post.
“Any sound economic strategy in the current context must be directed at both creating the jobs that Americans need and doing the work that our economy requires.”
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December 29th, 2008 at 1:23 pm
Why does the picture feature only black people? Hmmm I wonder
December 29th, 2008 at 1:25 pm
ha great article and the picture really made me lol
December 29th, 2008 at 1:56 pm
Obama will not save us any more than Bush has. No matter how big the stimulus package may be.
December 29th, 2008 at 2:01 pm
Same story, same line….different day!
Comming Soon: Billioniares lose money to Ponzai Scheme, demand $$$$$90,000.000.000.000.30cents for Bail out.
December 29th, 2008 at 2:12 pm
We get the cake crumbs.
December 29th, 2008 at 2:12 pm
~ New video showing a spirit of opposition against the New World Order. Constitutional Oaths are being (re)sworn across the country by watchful guardians to resist NWO tyranny.
http://www.youtube.com/watch?v=JJv59hUoIsE
December 29th, 2008 at 2:27 pm
Do you know what that picture was??????????????/>>
People lined up to get NINTENDO WII,
and the IPHONE @ BLOOMINGDALES,
Or was it the line at H&R Blocks Tax Refund checks last year? The $300, no more like $1200 when dad came back for a couple weeks,
Or was this the line when the checks were late from —— the voter scam—- Remember!!
see you forgot there name!! I knew it all along, Brain washed again,
lets start with a seed or what do squriles hide? Nut, Is acorn a seed or nut? Hum
How about!
December 29th, 2008 at 2:57 pm
Why does that picture only feature black people? How about anew headline “Alex Jones’ and Infowar’s NWO style and pervasive pictorial slant”.
December 29th, 2008 at 2:57 pm
Don’t you think this is better than the FHWA going bankrupt and state governments find ways to fix their shortfall by leasing off their roads to foreigners?
December 29th, 2008 at 3:12 pm
I think thats the line to use the port o potti at the Jay Z concert… Obama is a crackhead if he thinks jobs rebuilding the Countries highways will solve anything. 3 million minimum wage jobs aint s--- in a country with over 100 million people unemployed. What are these 3 million people to do after the highways are finished? We know our highways and bridges need to be upgraded, but that money should come from local state vehicle tax, gasoline tax etc… Something tells me all taxpayers money is thrown into 1 big Pot in this country and the Federal Government siphens what they want for themselves then spends whats left overseas destroying opressed peoples countries and rebuilding their infrastructures for their own personal gain… That is illegal according to the Constitution, but they dont care…. This is whats been going on and that is why our country is in peril… The worst part of all this is that we are footing the bill for their agenda, but we inherit nothing from our labor or money. You can bet your ass that Obama is not creating jobs with his plan to rebuild infrastructure which was never HIS PLAN, that was planned way before anyone knew what an Obama was… Its called the Trans National Corridor laying the foundation for the NAU… In other words Obama will create 3 million jobs where Americans will be used to build the very infrastructure that they will be hauled to concentration camps on when they are done… And guess what.. If Americans choose not to do the jobs, there are several million mexicans who will jump at the opportunity to make a peso.
December 29th, 2008 at 3:42 pm
All that money will go to the same people that caused the DEPRESSION! It just keeps on getting worse and worse and worse.
December 29th, 2008 at 3:44 pm
All the ILLEGALS that went back to their countries are foaming at the mouth and getting ready to pack-up and move back cause they know Americans Citizens will not be hired to build anything.
December 29th, 2008 at 4:27 pm
IF I RECALL THE NAU SUPER HWY IS SUPPOSE TO COST 650 BILLON ? WHAT A JOKE .
PEOPLE HAVE NO IDEA THERE GETING SCAMED…..”COME LORD JESUS” GOD BLESS YOU ALL.
December 29th, 2008 at 4:48 pm
The anti-christ will come to earth BEFORE Christ Jesus returns, don’t be DECEIVED by satan
December 29th, 2008 at 5:16 pm
Gee, here’s a thought. How about getting back all those manufacturing jobs and computer tech jobs that were funneled out since good old Ronnie Reagan? I agree with #13, the illegals are waiting for the word to come back in. The idea is to lower the majority of Americans’ standard of living. They do not care if the vast majority of us are in soup lines, cannot feed our families, or remain jobless. It’s been a race to the bottom for a long time and the vast majority of Americans are clueless. They think it’s gonna get better in ‘09. Heads up, it ain’t.
December 29th, 2008 at 5:17 pm
Hmm who wants to stand in that line? If you arent one who likes the look of the bread and cheese lines then you need to get with the program even now this late in the game. Get geared up before its too late!
http://www.TacticalWarfighterGear.com
December 29th, 2008 at 5:22 pm
I have to laugh at this, all those people that voted for him at the last minute after he announced his new administration would put together this stimulus package to help out the unemployed and people were saying they wanted him because he would probably give them stimulus checks. lol And the real deal will be these supposed jobs, well isn’t it a fine surprise for those Obamamaniacs.
Lets see, after the country does some supposed infrastructure change including finishing up the NAFTA Super Highway, then the US can sell all the contracts to other countries to do the maintenance. Hmm? Do you think the government will share that with the taxpayers too?
December 29th, 2008 at 5:34 pm
Who is this C-SUCKER john douglas in atlanta of the firm paul hastings who hhelped
create the agency that administered the last fed bailout– the R T Corp.
Another B-FKR !!!!!!!!!!!!!!
December 29th, 2008 at 6:09 pm
so much fot the value menu FOOD WILL GO THROUGH THE ROOF…
December 29th, 2008 at 6:17 pm
You thought this ‘change’ was for the benefit of us the citizens?
http://www.rangermade.us
December 29th, 2008 at 6:31 pm
that’s wonderful. each family will get a few hundred dollars again, just like last summer. Then it will just be spent on gasoline for the ford expeditions in less than a month.
December 29th, 2008 at 6:54 pm
If we take that $775B projected above, and divide it by the number of Americans tallied on the last census, the number comes out to approx. $2400 for every man woman and child in this country. If you divide that number into heads of household each family in America should receive $8000-12000.
How much do you think you’re going to get?
Stimulus package my ass.
Oh and like some of you found out last go-round, if you owe the IRS. YOU GET NOTHING!!!!!!!!!!
December 29th, 2008 at 7:00 pm
Lets make OUR OWN CHANGES
December 29th, 2008 at 8:09 pm
Yeah, because the LAST “Stimulus package” helped the economy out SO WELL. Its just another excuse for inflation.
December 29th, 2008 at 8:45 pm
Take the Dollar figure above and multiply that times five, then you will get the true cost of this “stimulus” over the course of it’s life. You can’t leave a bridge half the way completed!Remember the “Big Dig” in Boston? We might as well declare a “War on Infrastructure” because this will turn out to be an endless pit like the war on terror, drugs, crime, illiteracy, etc…
December 29th, 2008 at 9:50 pm
The big collapse that everyone is expecting in 09 is not going to happen. Although I wish it would. I would like to see my neighbors loose everything and suffer hard for their lack of courage and concern about 9/11, Iraq, marshal law and the destruction of the Constitution. They are worthless trash and I wish the big collapse would come in 09 and wipe them out.
But the big collapse will not happen. The plans are long term and the traitor cops and traitor military will not move on the real Patriots until they can do it without risking their weak coward asses.
December 29th, 2008 at 10:10 pm
Americans are already in the tax hole to the tune of $480,000 per person…
http://propagandawerks.blogspot.com
December 29th, 2008 at 11:08 pm
How in the world will this money help??? IT WONT… The whole problem with our economy is that there are too many greedy people in this country. Ok lets spend more money that we dont have, and just what the heck are our children gonna do when they grow up??? Are they gonna get another $775 billion dollar loan, NO If they arent already dead from WWIII. they will have to double or even tripple that stimulus package, Well guess what The money wont be there, it would have went into some corperate executives bank account. I say if you have more than $20,000 dollars in your bank it should be stripped from you for purposes of helping our economy. Leave that money alone , Our children may need it someday…..
December 30th, 2008 at 12:10 am
“stimulus plan/check” = more future debt to the producing citizen who pays taxes in the US.
More indebtedness to the Federal Reserve and those who are members of the “Global banking system”.
This formof debt illusion is killing this country and not helping anything. It is comparable to giving a drowning man a drink of water.
Do away with Federal Income taxation and make the Federal GVT comply with the US Constitution and get out of the business of “social engineering”…
December 30th, 2008 at 12:15 am
To 29 pdtom
” I say if you have more than $20,000 dollars in your bank it should be stripped from you for purposes of helping our economy. ”
Are you suggesting that a person who frugally did without many things in order to accumulate a savings of $20 K be punished for such action by having their money “stripped”?
Some people know how to save better than others. I don’t have much money saved..I apply all mine to the few debts I have. I do not intendt o save in a bank when I am debt free within the next year…
But if a person wants to save.. it is not up to you, me or anyone else to punish them for doing so…
No one should be punished for doing something that is right.. no matter if they save a few million $$$$….
The proper thing to do ifs root out corruption and hold it accountable.. Not punish good people for doing good things for their own work.
December 30th, 2008 at 12:21 am
The US treasury should just start printing it’s own debt free currency, start replacing those fed dollars with the new money and pay off the deficit with these new bills.
Take that printing press out of the hands of the for profit private corporation called the federal reserve.
I am not an economist, hold no 4 year degree in economic studies but even to me this sounds like a start in the right direction.
Why do we not have droves of educated economist chanting this?
If the treasury can print bonds, which are pieces of paper that promise to pay the bearer a sum plus interest (by buying the bond you are essentially loaning the government the money), why can’t the government just skip this and go straight to printing the money?
I honestly believe that such a simple plan would eventually eliminate the deficit therefore reduce taxes and free up money for health care, education and other social programs as income taxes would no longer go directly to the federal reserve to pay the interest on the deficit.
Income tax is meant to redistribute the wealth but the current system is only taking more and more wealth away from the middle and lower earning classes and placing it in the already wealthy hands…..
December 30th, 2008 at 12:35 am
If everyone woke up and pulled all their investments and then moved that money out of U.S. dollars there would be a collapse. Ripe for the solution to come in. All the powers have to do is let the end the fed crowd go mainstream, even fund the movement and then replace the fed with the solution.
I don’t mention gold because although it is better than the fiat paper it is not the answer. Gold and silver backed money did not do anything to prevent the depression. We had gold backed money til what 1971 or something? we had problems up to that point despite gold backing. There is not enough gold mined to date to support the number of people. The powers already control most the gold anyway, all they have to do is control the amount in circulation and put their fix on the price (not real value) of gold.
I’m disagreeing with Ron Paul on the gold thing so that means I’m a troll. I also disagree with him when he says that the gov. was not involved in 9/11.
December 30th, 2008 at 2:17 am
Learn how to profit using the mechanics of the Federal Reserve System. Gain your freedom through increased purchasing power. The system wants you to create as much debt as possible.
http://www.plabu.com
December 30th, 2008 at 2:32 am
I’ll tell all of you where we’re at…a $200,000 roof on a $1500 foundation!!! “All ‘HAIL’ Thermal Expansion!!!”
December 30th, 2008 at 2:36 am
BTW…Kwanzaa Y’all!!!
December 30th, 2008 at 9:53 am
And where will they get the money for this little “consolation prize”? Oh, yeah, after we create 3 million new jobs, a small amount that won’t be actual industrial production, we’ll TAX YOU TO DEATH ON THE INCOME! How is this going to help? Anyone consider that the U.S. has been bleeding jobs slowly for a long time without replacing them? This isn’t even a “get by” package, it’s just another scheme to dilute and devalue the currency, pacify the citizenry and do nothing contrary to the overall plan while smiling for the cameras the sheeple will be watching! Too little too late? Not even close! More like “A way to keep the sheep from seeing the kill gun”.
December 30th, 2008 at 10:01 am
we do need to help the people ,,,, we just all need to join the millitary
ohhhhhhhhhhhhhh thats what they want anyway
December 30th, 2008 at 11:26 am
Barack the MAGiC NEEEE-GRO!
December 30th, 2008 at 11:59 am
Don’t know where else to post this, but Coco Cola has just laid off 500 people in Florida and shipped those jobs to India.
Here is the problem with Americans, they are uninformed and even when they are, most of them do nothing. You can not get the majority of people in the USA to think alike and act on their thinking.
If Americans would act on something like Coco Cola firing 500 people and shipping their jobs to India, they would all boycott Coco Cola and not buy a coke at the soda machine or at the Walmart.
But American Drones are just like the Frog sitting in pot of water that is increasing slowly with heat because they are dumb down and mentally boxed in their own little worlds. They don’t care, don’t want to know and would not know what to do if they did.
The ancient Romans had a saying when they had a Euphoria type feeling about a place they were in such as a beautiful valley, a creepy forest or even a house. They called it ‘Spirit of Place’. It is when being some where makes you feel above normally good or below normally bad, the spirit of the place gets to you. Well, I’ll tell you this, the spirit of America is bad, real bad.