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(Bloomberg) Spiffy Congress to give Obama a stimulus package up to $700 billion on Inauguration Day. "The main thing right now is to get this economic recovery package on the road, to get money in the pockets of the middle class."   (bloomberg.com) divider line 142
More: Spiffy  

142 Comments   (+0 »)


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Original_Iron_Chef [TotalFark] 2008-11-23 06:00:36 PM  
I earn less than $250,000 a year, so I guess I'm not getting any of that money :(

 
acanuck [TotalFark] 2008-11-23 07:09:50 PM  
"If we're really serious about creating jobs, what we ought to do is we ought to eliminate the capital-gains tax," Boehner [R-apist] said on Fox. "Why not lower capital gains taxes for -- and corporate income taxes for corporations in America to help keep jobs here?"

They never give up, do they??

 
KIA 2008-11-23 07:24:49 PM  
Oh, that's just farking great. HEY CONGRESS, WHO'S GONNA LEND YOU DEADBEATS THAT MUCH CASH?

 
quickdraw [TotalFark] 2008-11-23 08:13:38 PM  
Original_Iron_Chef: I earn less than $250,000 a year, so I guess I'm not getting any of that money :(

You make no sense.

 
Barakku [TotalFark] 2008-11-23 08:19:53 PM  
So we're bailing ourselves out, with our own tax money, then?

 
DamnYankees [TotalFark] 2008-11-23 08:25:19 PM  
Original_Iron_Chef: I earn less than $250,000 a year, so I guess I'm not getting any of that money :(

Huh?

 
Dallymo [TotalFark] 2008-11-23 08:35:49 PM  
I just today spent the last of my stimulus check. I made 15% on my $1,500; the grocery store I shop at was giving a 15% bonus if you bought gift cards from them, so I got $1,725 in grocery money for $1,500. I know I was supposed to buy a Chinese-made TV from WalMart with it, but I do love my groceries.

 
Sybilll [TotalFark] 2008-11-23 08:40:38 PM  
Must not have been watching the same show I watched. Axelrod clearly said the tax-cut rollback for the wealthy is tabled until the Bush tax-cuts expire in 2011, when ALL Americans will get a 100% tax increase. Oh, by the way, the cleverly worded tax-cut roll back means tax increase.

 
quickdraw [TotalFark] 2008-11-23 08:42:41 PM  
Sybilll: when ALL Americans will get a 100% tax increase.

You're making that up.

 
DamnYankees [TotalFark] 2008-11-23 08:43:39 PM  
Sybilll: Must not have been watching the same show I watched. Axelrod clearly said the tax-cut rollback for the wealthy is tabled until the Bush tax-cuts expire in 2011, when ALL Americans will get a 100% tax increase. Oh, by the way, the cleverly worded tax-cut roll back means tax increase.

So its Obama's fault that Bush couldn't make his tax cuts permanent?

 
ZAZ [TotalFark] 2008-11-23 08:44:28 PM  
Among the times not to trust a politician: when he talks about "the middle class."

 
cameroncrazy1984 [TotalFark] 2008-11-23 09:07:55 PM  
ZAZ: Among the times not to trust a politician: when he talks about "the middle class."

So basically you can trust John McCain, because he never uttered the words "middle class."

 
sonnyboy11 2008-11-23 09:13:27 PM  
ZAZ: Among the times not to trust a Republican: when he talks about "the middle class."

FTFY

 
Senescent Dawn 2008-11-23 09:14:27 PM  
"Spiffy"? Fark you, submitter. Fark you.

 
quickdraw [TotalFark] 2008-11-23 09:15:17 PM  
ZAZ: Among the times not to trust a politician: when he talks about "the middle class."

Perhaps you prefer the term "bourgeois?"

 
krelborne 2008-11-23 09:15:25 PM  
Original_Iron_Chef: I earn less than $250,000 a year, so I guess I'm not getting any of that money :(

Sybilll: Must not have been watching the same show I watched. Axelrod clearly said the tax-cut rollback for the wealthy is tabled until the Bush tax-cuts expire in 2011, when ALL Americans will get a 100% tax increase.

Obama's raising taxes by 100% for everyone making less than $250,000/year using weirdo "tax cut rollbacks" that you don't understand. Be sure to send that in your next FWD: FWD: FWD: FWD:!1!

 
josephstalin 2008-11-23 09:16:18 PM  
KIA: HEY CONGRESS, WHO'S GONNA LEND YOU DEADBEATS THAT MUCH CASH?

The Federal Reserve.

"Where will they get the money", you ask?

Printing machines.

 
mythicknight 2008-11-23 09:21:09 PM  
AHAHAHAHAHAHAHAHAHAHAHAHAHAHAH

Into the pockets of the middle class.

Man, thats a good one.

 
The guy at the end of the thread 2008-11-23 09:23:02 PM  
Lack of debt is the new wealth.

 
lordargent 2008-11-23 09:24:25 PM  
The main thing right now is to get this economic recovery package on the road, to get money in the pockets of the middle class.

But I have money in my pocket.

/at least until I pay taxes.

 
TheGreatGazoo 2008-11-23 09:27:06 PM  
I thought politicians couldn't be trusted if their mouths were moving.

It is going to be an interesting year or so.

 
General Zang 2008-11-23 09:28:26 PM  
cameroncrazy1984: ZAZ: Among the times not to trust a politician: when he talks about "the middle class."

So basically you can trust John McCain, because he never uttered the words "middle class."


Oh, and George Bush.

George Bush never said "Middle Class".

McCain and Bush don't like to talk about this mythical "Middle Class" that they've heard rumors about, because when they asked one of their servants to brief them on this "Middle Class" thing, it just sounded like the servant was talking about poor people with slightly more money than the other poor people.

McCain mistakenly believed this to be proverty-striken folks who made less than a million or two a year... and was shocked to discover that this mythical "Middle Class" was a lot closer to being just regular poor pople than the servant explaining the whole thing had led him to believe.

If you or I saw a homeless person, standing inbetween a worker at a local fast food joint, and the owner of the local fast food joint, we'd say we say a homeless guy, a worker, and a small bussiness owner.

If one of the "elite" supporting folks like Bush and McCain saw the same group, he'd say that he saw three poor people lined up next to each other.

;)

 
Britney Spear's Speculum 2008-11-23 09:29:12 PM  
Illegal immigrants better be exempt from the stimulus. Just like last time.

 
PascalsGhost 2008-11-23 09:40:34 PM  
"If we're really serious about creating jobs, what we ought to do is we ought to eliminate the capital-gains tax," Boehner said on Fox. "Why not lower capital gains taxes for -- and corporate income taxes for corporations in America to help keep jobs here?"

People losing jobs, economy crashing, and this is what they have.

I'm not saying vote Democrat, but if you can STILL vote Republican now you are a goddamned moron and a HUGE part of the problem.

 
spamdog [TotalFark] 2008-11-23 09:44:51 PM  
PascalsGhost: People losing jobs, economy crashing, and this is what they have.

It's the same old Milton Friedman cop-out: If the free market didn't work, it wasn't free enough!

 
Shvetz 2008-11-23 09:45:47 PM  
Original_Iron_Chef: I earn less than $250,000 a year, so I guess I'm not getting any of that money :(

How much money do you lend out to the general public in a given year? If it's less than a few hundred million, go away. This isn't about banks not making money. This is about banks not having cash on hand to lend out for mortgages and business loans. If you can't figure out how that might affect the bigger picture, you're an idiot.

 
NYZooMan 2008-11-23 09:46:02 PM  
Sell BNKG!

Buy PNTPRS!

 
Dimensio 2008-11-23 09:47:39 PM  
ZAZ: Among the times not to trust a politician: when he talks

I believe that I have corrected your previous statement.

 
I_Approve_Of_This_Message 2008-11-23 09:48:15 PM  
I trust Obama to make the right choices, and I'm hoping they include these proposals:

1) An initiative to rebuild/retrofit all federally owned buildings in order to meet LEED Gold standards by 2020.

2) An initiative to convert all federally owned vehicles to alternative power sources (electric, hybrid, or CNG) by 2015.

- These two proposals would create millions of good paying jobs in virtually all parts of the country, as well as spurn technological advances and promote mass production which will reduce prices to the consumer.

3) An initiative to offer buyouts of government entitlements (such as pension or Social Security) in cases where a person can demonstrate absolute financial independence.

- This could potentially put hundreds of billions of investment wealth into the private sector, and reduce the long-term burden of entitlement expenses for taxpayers.

 
Jonathan Hohensee 2008-11-23 09:48:21 PM  
I'm not a foaming-at-the-mouth Obama hater (well, in fact, I voted for him) but i fail to see how a $700 billion dollar stimulus package can in any way be spiffy.

 
PascalsGhost 2008-11-23 09:50:34 PM  
Shvetz: hand to lend out for mortgages and business loans. If you can't figure out how that might affect the bigger picture, you're an idiot.

The bailout put them under no obligation to lend the money out, and they simply aren't lending the money out. They are paying dividens for goddsakes.

It was a handout. And people that are dumb as you are part of the problem.

 
Jonathan Hohensee 2008-11-23 09:51:15 PM  
spamdog: PascalsGhost: People losing jobs, economy crashing, and this is what they have.

It's the same old Milton Friedman cop-out: If the free market didn't work, it wasn't free enough!

Friedman never said that free market was prefect, or that it solved all problems; he just believed that in the long run people where better off with it as opposed to without it.

 
Sybilll [TotalFark] 2008-11-23 09:51:54 PM  
The Bush tax-cuts were permanent. Under his administration. Until a new administration comes in that can overturn it.

And, if you can say that repealing the Bush tax-cuts will NOT mean an increase to 100% of Americans, I beg to differ. I am the lowest of the low in tax brackets (I am the working, disabled poor), my tax will go from 10% to 15%.
And, before you go THERE, I cut $5 a month out of my food budget to afford TF.

 
sip111 2008-11-23 09:52:41 PM  
So there's a little over 155,000,000 tax returns filed in 2008, and he's proposing to hand out 700,000,000,000.00 dollars amongst them.

That comes to ...
$4516.13 (obviously, it won't be passed out like that, but still, damn)

Umm.. . . What the hell? Isn't this going to cause massive inflation?

Can someone tell me whether this is a good thing or a horribly short sighted thing?

 
punta_gorda_allstar 2008-11-23 09:55:29 PM  
this always made more sense to me, if you're giving breaks to anyone its gotta be the lower and middle classes, because they literally drive the economy and create the demand for business to hire more people and produce more goods

no business worth the paper its incorporated on gets a tax break and says, "ahh what the hell, lets hire another worker to produce things no one is buying"


and so long as foreign labor is getting payed 50 cents a day, there will be no incentive to keep companies hiring inside the US unless its people who put out fires. the taxes don't matter, let them go to the canary islands and setup shop there, then we can tariff the shiate out of imported goods and fall back on the only crutch we have left, our insatiable ability to buy shiat we cannot afford and come up with the money using black magic and a 3 night coke binge in wall street


/runoff

 
Bucky Katt [TotalFark] 2008-11-23 09:56:34 PM  
Jonathan Hohensee: spamdog: PascalsGhost: People losing jobs, economy crashing, and this is what they have.

It's the same old Milton Friedman cop-out: If the free market didn't work, it wasn't free enough!
Friedman never said that free market was prefect, or that it solved all problems; he just believed that in the long run people where better off with it as opposed to without it.


in the long run, people are dead

 
PascalsGhost 2008-11-23 09:56:37 PM  
Sybilll: The Bush tax-cuts were permanent. Under his administration. Until a new administration comes in that can overturn it.

LOL. No, they weren't permanent.


sip111

Umm.. . . What the hell? Isn't this going to cause massive inflation?

Yes.

 
nicedream 2008-11-23 09:58:13 PM  
General Zang:
If you or I saw a homeless person, standing inbetween a worker at a local fast food joint, and the owner of the local fast food joint, we'd say we say a homeless guy, a worker, and a small bussiness owner.

If one of the "elite" supporting folks like Bush and McCain saw the same group, he'd say that he saw three poor people lined up next to each other.


Nah, Bush and McCain would say they saw a poor guy and two middle class guys. Then they would be shocked when you told them that neither of the guys working in fast food made anywhere close to $200,000.

 
Moses To Sandy Koufax 2008-11-23 09:59:51 PM  
Sybilll : The Bush tax-cuts were permanent. Under his administration. Until a new administration comes in that can overturn it. And, if you can say that repealing the Bush tax-cuts will NOT mean an increase to 100% of Americans, I beg to differ. I am the lowest of the low in tax brackets (I am the working, disabled poor), my tax will go from 10% to 15%.

I'm sorry, but this is Fark. You can only invoke the principle of the margin when trying to obfuscate that tax cuts are only for the wealthy. By pointing out that the poorest tax bracket will have their taxes increased by 50%, while the wealthiest bracket will only experience an increase of 8.5%, you have completely destroyed an idiotic Democratic talking point, one that unfortunately gets repeated on fark about 100 times per day.


Take your facts to free republic or the ann coulter message boards, please. Good day.

 
PascalsGhost 2008-11-23 10:01:50 PM  
Moses To Sandy Koufax: Sybilll : The Bush tax-cuts were permanent. Under his administration. Until a new administration comes in that can overturn it. And, if you can say that repealing the Bush tax-cuts will NOT mean an increase to 100% of Americans, I beg to differ. I am the lowest of the low in tax brackets (I am the working, disabled poor), my tax will go from 10% to 15%.

I'm sorry, but this is Fark. You can only invoke the principle of the margin when trying to obfuscate that tax cuts are only for the wealthy. By pointing out that the poorest tax bracket will have their taxes increased by 50%, while the wealthiest bracket will only experience an increase of 8.5%, you have completely destroyed an idiotic Democratic talking point, one that unfortunately gets repeated on fark about 100 times per day.


Take your facts to free republic or the ann coulter message boards, please. Good day.


Has anybody sugested putting the lower brackets back to those rates? Do you have a source?

Because I think you are full of shiat.

 
nicedream 2008-11-23 10:02:03 PM  
Sybilll: The Bush tax-cuts were permanent. Under his administration. Until a new administration comes in that can overturn it.

Do you have any idea how the US Government works?

/No, no you don't

 
mesohorny 2008-11-23 10:03:49 PM  
Barakku: So we're bailing ourselves out, with our own tax money, then?

I think your tax dollars were already spent on a NASA tool bag/Urine Machine. But hey they can always print more!
img377.imageshack.us

 
Moses To Sandy Koufax 2008-11-23 10:04:48 PM  
PascalsGhost: Sybilll: The Bush tax-cuts were permanent. Under his administration. Until a new administration comes in that can overturn it.

LOL. No, they weren't permanent.



You should have read all the way to the second sentence of the post. It would have saved you from looking like a fool.

PascalsGhost: sip111: Umm.. . . What the hell? Isn't this going to cause massive inflation?

Yes.


While I share your opinion of being against the financial bailout, it's most certainly not going to cause "massive" inflation. Please read a book. And this time, make it to the second sentence. It'll do you some good.

 
Trik 2008-11-23 10:08:17 PM  
The Democratic Congress sponsors bridges to no where for every state!

 
PascalsGhost 2008-11-23 10:11:18 PM  
Moses To Sandy Koufax: PascalsGhost: Sybilll: The Bush tax-cuts were permanent. Under his administration. Until a new administration comes in that can overturn it.

LOL. No, they weren't permanent.


You should have read all the way to the second sentence of the post. It would have saved you from looking like a fool.


LOL. From his post:

The Bush tax-cuts were permanent. Under his administration. Until a new administration comes in that can overturn it.

And, if you can say that repealing the Bush tax-cuts will NOT mean an increase to 100% of Americans, I beg to differ. I am the lowest of the low in tax brackets (I am the working, disabled poor), my tax will go from 10% to 15%.
And, before you go THERE, I cut $5 a month out of my food budget to afford TF.



What does that say that I missed? There is no "overturning" needed. the tax cuts becaome law with an expiration date. Are you denying this? Do you need the bill to read?

PascalsGhost: sip111: Umm.. . . What the hell? Isn't this going to cause massive inflation?

Yes.

While I share your opinion of being against the financial bailout, it's most certainly not going to cause "massive" inflation. Please read a book. And this time, make it to the second sentence. It'll do you some good.



Really? You increase the amount of currency in criculation with no inflation?

Please explain how. I will gladly listen.

 
spamdog [TotalFark] 2008-11-23 10:12:37 PM  
Jonathan Hohensee: Friedman never said that free market was prefect, or that it solved all problems; he just believed that in the long run people where better off with it as opposed to without it.

That's why he supported Pinochet. Pinochet made things better for everybody!

/everybody not tortured to death, anyway

 
JohanW 2008-11-23 10:13:28 PM  
MASSIVE FAILOUT.

 
Sybilll [TotalFark] 2008-11-23 10:13:58 PM  
How can you not understand that under GWB, my effective tax rate is 10%, and once those GWB tax-cuts expire, my effective tax rate is 15%? Just as it was under Clinton?

 
dustman81 [TotalFark] 2008-11-23 10:14:44 PM  
Sybilll: The Bush tax-cuts were permanent. Under his administration. Until a new administration comes in that can overturn it.

And, if you can say that repealing the Bush tax-cuts will NOT mean an increase to 100% of Americans, I beg to differ. I am the lowest of the low in tax brackets (I am the working, disabled poor), my tax will go from 10% to 15%.
And, before you go THERE, I cut $5 a month out of my food budget to afford TF.


Obama said that he would repeal the tax cuts on the upper two tax brackets ONLY. The two upper tax rates would return to Clinton-era tax rates and would still be lower than the Reagan-era tax brackets. (33% returns to 36% and 35% returns to 39.6%)

The 10% bracket will still exist and being that you're working, you'd receive the "Making Work Pay" tax credit, so your taxes would go down.

 
JSTACAT [TotalFark] 2008-11-23 10:14:50 PM  
someone's getting a lot of mileage out of that 700 billion...
which hasn't been spent yet, but already assigned to all sorts of cures.
who knows if it will ever be spent for anything but military...
its the thought that counts, right?
and, they were so quick with the checkbook...hmmmm

// sounds like another one of those damn treaties from washington....

 
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