White House: Stimulus package in weeks, not months

[w¡n9Nµ7 §£@¥€r 123]

The White House this morning said that they want to reach an agreement with Congress on a financial stimulus package within a few weeks.

"We're certainly talking weeks, not months," said White House press secretary Dana Perino.

...

Mrs. Perino said that Treasury Secretary Henry M. Paulson briefed the president by phone yesterday on the global economy, where markets around the world plummeted due to fears of a U.S. recession.</p>

Mr. Paulson is acting as the president's negotiator with Congress to hammer out a financial stimulus package to put cash in consumers' hands quickly. Such a deal could include tax rebates of up to $800 a person and $1,600 per family, according to media reports.

...

Mrs. Perino could not say how quickly money will actually funnel to taxpayers, but White House spokesman Tony Fratto said that they "are looking at ways to best deliver relief as quickly as possible."

http://video1.washingtontimes.com/fishwrap..._weeks_not.html

[GaryC 7]

In a multi trillion dollar economy a few bucks per person isn't going to make a difference. Just let the market find it's own level and start the recovery. This is just delaying the inevitable.

[almaty 19]

i agree with the white house on this..put the $$ back in the hands of the tax payors and let them boost the economy

[eric&gen 0]

Yay and $1,600 per family, according to media reports. Bush has done one good thing other than he is nothing but a fukhole. Think of it as an extra refund from your taxes they tax the chit out of your paychecks every week.

Edited January 22, 2008 by evdogg412

[Ban Hammer 13,360]

maybe eric should tell the white house about his "stimulus package"

[eric&gen 0]

The white house might be jealous.

[AnewKINDofFEELIN 0]

Does "per family" mean that I won't see a damn thing?

[Sister Fracas 5]

I'm skeptical, but I'll take the money! LOL

Does "per family" mean that I won't see a damn thing?

$800 per individual, $1600 per family...

[Minya's wife 25]

Maybe somewhat OT, but I have a question. If said stimulus package is approved, but it is after some have filed their taxes ( may want to file early to beat the rush) will the refund be held off until congressional approval, or will those people who file early just lose out?

-P

[Peikko 1,575]

I don't understand this at all. The government is going to print money, dole it out to its citizens and that somehow will stimulate economic growth? Talk about robbing Peter to pay Paul. Bizarre.

[Sister Fracas 5]

I don't understand this at all. The government is going to print money, dole it out to its citizens and that somehow will stimulate economic growth? Talk about robbing Peter to pay Paul. Bizarre.

I hear ya and that's where my skepticism comes from....but at the end of the day, if they DO hand it out, I'm not gonna refuse it.

[Peikko 1,575]

Well, refusing it would be somewhat cutting off the nose to spite the face. However, I fully expect to be 'paying' for this refund at some future time and I don't really expect that the economy will magically improve. Still, it's also true that many people will not do the sensible thing, and pay off some of their own credit card debt, but will spend it like it was a Christmas present so I guess someone will benefit for a while anyway.

[Trumplestiltskin 5,791]

Yeah - we're looking to pay off our unsecured debts ASAP. Not too much luckily.

Still - if things get really bad (i.e. Central/South American stereotype bad) that pile of notes under the mattress might be worth more as firelighters.

[Sister Fracas 5]

Well, refusing it would be somewhat cutting off the nose to spite the face. However, I fully expect to be 'paying' for this refund at some future time and I don't really expect that the economy will magically improve. Still, it's also true that many people will not do the sensible thing, and pay off some of their own credit card debt, but will spend it like it was a Christmas present so I guess someone will benefit for a while anyway.

Best Buy...

[rebeccajo 14]

Hey if they want to print checks and send 'em out, I'll take mine. Beyond that, there's not a whole lot we can do about the rest of it, after all, is there?