4 posts tagged “economy”

In an interview with the Washington Times, McCain's top economic adviser Phil Gramm tells America to suck it up and stop complaining about the economy:

"You've heard of mental depression; this is a mental recession," he said, noting that growth has held up at about 1 percent despite all the publicity over losing jobs to India, China, illegal immigration, housing and credit problems and record oil prices. "We may have a recession; we haven't had one yet."

"We have sort of become a nation of whiners," he said. "You just hear this constant whining, complaining about a loss of competitiveness, America in decline" despite a major export boom that is the primary reason that growth continues in the economy, he said.

Are all of you whinning when you buy groceries and gas for your family? Well, stop it. McCain doesn't like it.

Adding disabled veterans and seniors to this stimulus plan was the right thing to do. Bravo to the Senate. We're all hurting out here with the economy the way it is. I smell change in the air.

Senate Passes Economic Stimulus Bill - washingtonpost.com

http://www.washingtonpost.com/wp-dyn/...

The Senate today added payments for seniors and disabled veterans to an economic stimulus package approved by the House that would send checks to most American families, then overwhelmingly approved the $151 billion shot in the arm to the U.S. economy, 81-16. The House is scheduled to give final approval to the legislation tonight and send the plan to President Bush for his signature, ensuring that checks will begin reaching families by mid-May.

Poll: What will you probably do with an extra $800 (individual) or $1600 (household) tax refund?

What government economists in the US want to hear you say is that you will SPEND the money on US-OWNED/MADE products or services.

Will you do this or something else? If something else, what?

My answer is I will use it to reduce my debt.

The White House has provided few details, but in conversations with lawmakers, he mulled provisions to let businesses partly deduct new capital investments, coupled with income-tax rebates of $800 for individuals, or $1,600 for households. The idea, Mr. Bush said on Friday, was to let people “keep more of their own money.” [NY Times]

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