You Might get $600 of your OWN MONEY Back by May! (Pelosi Blames Bush)
January 25, 2008
Quote of the Day, Nancy Pelosi (D-CA):
“I have always said, uh, that what we needed to do is put money in the hands of people who will spend it right away….”
The A.P. is reporting:
With unprecedented speed and cooperation, Congress and the White House forged a deal Thursday to begin rushing tax rebates of $600 to $1,200 to most tax filers by spring, hoping they will spend the money just as quickly and jolt the ailing economy to life.
Rebates would be even higher for families with children.
The one-time tax rebates are at the center of a hard-won agreement to pump about $150 billion into the economy this year and perhaps stave off the first recession since 2001. House Speaker Nancy Pelosi, Republican leader John Boehner and Treasury Secretary Henry Paulson worked out the details in negotiations that stretched into Wednesday night at the Capitol.
Nancy Pelosi, “Agreed to drop increases in food stamp and unemployment benefits during a Wednesday meeting in exchange for gaining rebates of at least $300 for almost everyone earning a paycheck, including low-income earners who make too little to pay income taxes.”
The S&P 500 index on Thursday rose more than 1 percent as stocks extended gains, helped by optimism about a deal for tax rebates to stimulate the U.S. economy.
U.S. House of Representatives Speaker Nancy Pelosi said on Thursday that 117 million U.S. families would receive a tax rebate check under a deal reached to provide stimulus to the U.S. economy.
The Dow Jones industrial average was up 94.95 points, or 0.77 percent, at 12,365.12. The Standard & Poor’s 500 Index was up 13.39 points, or 1.00 percent, at 1,351.99. The Nasdaq Composite Index was up 38.14 points, or 1.65 percent, at 2,354.55.
(Here’s fun game…count the forced smiles in this video as Speaker Nancy Pelosi attempts to convince the press corps that she can relate to the “American People,” and emphasizes that this (letting people spend a few hundred dollars of their own money the way they want) is being done only as a TEMPORARY measure, to try to fix the Bush economy.)
(Click on the photo below to watch the video.)
(also on FHK)
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Woo Hoo!
Question: Even though Tieki Rae is in college, will the return of our own money still be even higher? We still claim her on our taxes. Inquiring minds want to know.
Tammi’s last blog post..Barack O’Barf Obama Alert
That is low. So what’s happening is I am gonna get back 600 dollars of my own money, because I am poor I am gonna run out & spend it so Bush’s run in office won’t look like rein of hell it was? The sad thing is I know alot of poor folk out there that are excited and looking forward to this. It also is a bribary to forget anything bad which Bush has done. There is no way these suits could relate to me that is just something to sound “cool” in a speech. LIARS & THEIVES!