Welcome Guest. Register Now!  

LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 10-10-2008, 01:40 PM
Junior Member
Join Date: Mar 2008
Posts: 1
Would this crisis prompt Congress to issue a 2nd Fiscal Stimulus Package?

The business conditions have become so severe at my local stores that the store owner is considering laying off all his employees! Everytime I travel to the malls I see fewer and fewer shoppers buying things!

The situation is so serious I was wondering if anybody thinks the Congress and the President will consider a 2nd Stimulus Package! Hopefully, the American People will get a sizable bailout this time just like Wall Street!

I am looking for a $5,000 for each American Family, as this would only be fair considering the Crooks on Wall Street got $700Billion!!!!

This is would be the least the US Govt could do for the US taxpayers! This time the bailout should go DIRECTLY to THE US TAXPAYERS WHO PAY TAXES!!!

Anybody share my opinion on this!

Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #2 (permalink)  
Old 10-12-2008, 11:31 AM
TaxGuru's Avatar
Tax Guru
Join Date: Jan 2007
Location: New Jersey, USA
Posts: 2,413
Blog Entries: 3
Congress and the next President will be seriously considering another coordinated fiscal tax stimulus backed by an easing in monetary policy.

Clearly, the G-7 along with the IMF fund and other world's emerging countries are attempting to revive the financial and banking sectors. The recession is affecting the whole world and will have devastating impact on the third world!

But, the UK alone has experienced a loss of 1mm jobs due to the recent financial debacle. So, I have no doubt that we will get some aggressive action within 6 weeks!

The Economist is fairly pessimistic of the world economy and absence any stimulus, the world recession is expected to be very severe.

I agree that there will be another Stimulus package and in fact Congress has already taken the step to discuss another stimulus package post the Election. We shall wait and see shortly what the nature of this package is and whether it is going be considerably greater than the previous package of $150Billion!

I suspect that this time the package will be considerably greater than the previous package of $150Billion and I see the target of this package to be mainly the middle class! These are the folks who are struggling today with their bills and mortgages etc.

Find a CPA near you!

Ask TaxGuru Please refer to the legal disclaimer.

Last edited by TaxGuru : 10-14-2008 at 10:28 AM.

Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
I think Taxpayers deserve another Stimulus Package! disa General 3 10-11-2008 09:06 PM
We are down another 550 pts on the Dow! How did this crisis begin? mabalone Investment Strategy 0 10-06-2008 01:18 PM
Do we need another "Fiscal Stimulus Package" to revive the faltering US economy? TaxGuru Democrats 1 10-02-2008 11:32 PM
How do I issue 1099? tengh Sole-Proprietorship 0 10-02-2008 01:33 PM
What is the latest estimate of 2008 Tax refunds from the Stimulus package? Allard General 1 01-24-2008 06:32 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 » Income
 » IRA/Sep
 » Medical
 » Payroll
Forum for CPAs
Financial Planning