President Barack Obama will be signing the stimulus bill on Tuesday, February 17, 2009, from Denver, Colorado.
Obama will sign the $787 billion dollar bill at the Denver Museum of Nature & Science in Colorado as a sign that this stimulus will help people all across America.
The Stimulus passed the Senate 60-38 and it also passed the house with no republican votes, 246-183.
On Wednesday, February 18, 2009 - Obama will give a speech in Phoenix, Arizona. During this speech, the President will outline a new plan that hopes to stem foreclosures. US foreclosures hit a high in January as 274,399 applications were filed!
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Showing posts with label stimulus package. Show all posts
Showing posts with label stimulus package. Show all posts
Monday, February 16, 2009
Friday, February 13, 2009
Stimulus Package Vote 2/13/09 February 13, 2009
The Stimulus Package, which passed the Senate vote, will go into the House of Representatives tonight, 2/13/09. Congress appears to have enough votes to push this Stimulus Plan through.
Stimulus Package Vote Time - February 13, 2009
12pm Est - Noon
Stimulus Highlights
- Cost: $789 Billion (it is 2009 - if one were to have spent $1 million every day for the past 2,009 years, you'd still have money left over - that's how much $789 billion is )
- Provides a new $2,500 tax credit for college education expenses
- Provides an $8,000 tax credit for first time home buyers for homes purchased between Jan. 1 and Dec. 1, 2009. The tax credit phases out for individuals earning more than $75,000 and couples earning more than $150,000.
- Allows small businesses with gross receipts of up to $15 million to write off 2008 losses against five previous tax years. Current laws allows a two-year carryback of losses.
- Extends tax breaks for wind facilities and other renewable energy facilities and provides other tax incentives to encourage development of renewable energy facilities.
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Stimulus Package Vote Time - February 13, 2009
12pm Est - Noon
Stimulus Highlights
- Cost: $789 Billion (it is 2009 - if one were to have spent $1 million every day for the past 2,009 years, you'd still have money left over - that's how much $789 billion is )
- Provides a new $2,500 tax credit for college education expenses
- Provides an $8,000 tax credit for first time home buyers for homes purchased between Jan. 1 and Dec. 1, 2009. The tax credit phases out for individuals earning more than $75,000 and couples earning more than $150,000.
- Allows small businesses with gross receipts of up to $15 million to write off 2008 losses against five previous tax years. Current laws allows a two-year carryback of losses.
- Extends tax breaks for wind facilities and other renewable energy facilities and provides other tax incentives to encourage development of renewable energy facilities.
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Wednesday, February 11, 2009
Stimulus Plan Update 2/12/09 February 12, 2009
Lawmakers in Washington seem to have reached a deal on the Stimulus Package and could vote on it as early as 2/12/09. Below are details of the Stimulus Package.
Stimulus Package Details - February 12, 2009
- Cost: $789 Billion (it is 2009 - if one were to have spent $1 million every day for the past 2,009 years, you'd still have money left over - that's how much $789 billion is )
- Up to an $8,000 tax credit for new home buyers - down from the proposed $15,000 - reported by Bloomberg
- New Car sales tax write off, interest write off
- Over $150 billion will go to infrastructure, Roads, Buildings, Water System
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Stimulus Package Details - February 12, 2009
- Cost: $789 Billion (it is 2009 - if one were to have spent $1 million every day for the past 2,009 years, you'd still have money left over - that's how much $789 billion is )
- Up to an $8,000 tax credit for new home buyers - down from the proposed $15,000 - reported by Bloomberg
- New Car sales tax write off, interest write off
- Over $150 billion will go to infrastructure, Roads, Buildings, Water System
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Stimulus Plan Update 2/11/09 February 11, 2009
The Stimulus Package is being held up in the House of Representatives today, February 11, 2009. Last night, a group that included Nancy Pelosi worked through the night to hatch out differences with Republican House members and the Senate. As it stands today, the Stimulus Package would be 838 Billion Dollars.
If this Stimulus package goes through as it stands, a new home buyer could get a $15,000 tax credit but the new package could hurt programs like no child left behind. There are also tax incentives for new car buyers.
Key Stimulus Highlights for Wednesday 2/11/09
- House and Senate trying to resolve differences in Stimulus Package
- Final Stimulus could be under $800 Billion
- Senate has passed the Stimulus, now waiting for the House to vote which could come as early as today. President Obama hopes to sign the bill by Friday night.
- House is thinking about cutting some of the $15,000 home tax credit, also not including the New Car incentive.
- Other various tax cuts could be in jeopardy
Americans for Prosperity - No Stimulus Petition - February 11, 2009
Americans for Prosperity has started a Petition on their website over the weekend for Americans who oppose the stimulus.
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If this Stimulus package goes through as it stands, a new home buyer could get a $15,000 tax credit but the new package could hurt programs like no child left behind. There are also tax incentives for new car buyers.
Key Stimulus Highlights for Wednesday 2/11/09
- House and Senate trying to resolve differences in Stimulus Package
- Final Stimulus could be under $800 Billion
- Senate has passed the Stimulus, now waiting for the House to vote which could come as early as today. President Obama hopes to sign the bill by Friday night.
- House is thinking about cutting some of the $15,000 home tax credit, also not including the New Car incentive.
- Other various tax cuts could be in jeopardy
Americans for Prosperity - No Stimulus Petition - February 11, 2009
Americans for Prosperity has started a Petition on their website over the weekend for Americans who oppose the stimulus.
For More Stock Market Updates, visit , http://daytradingstockblog.blogspot.com/ or Subscribe for FREE
Tuesday, February 10, 2009
Stimulus Plan Update 2/10/09 February 10, 2009
The Stimulus package appears to be days away from passing as the new bank rescue plan was announced today, February 10, 2009. Support for the 2009 Stimulus Package is now 51%.
Yesterday, the Stimulus Package passed a key procedural vote but lawmakers are still trying to tweak the plan as it gets ready for a Senate passage today and a Presidential Signature later this week. The Vote was 61 to 36 which will pass this bill by 1 vote. Republicans stepped up to the plate this time and helped out in a big way.
The three Republicans, Susan Collins and Olympia J. Snowe of Maine and Arlen Specter of Pennsylvania, linked up with 56 Democrats and two independents to get this bill passed. As of now, the Stimulus Package stands at $838 Billion Dollars
If this Stimulus package goes through, a new home buyer could get a $15,000 credit but the new package could hurt programs like no child left behind. There are also tax incentives for new car buyers.
Oil is ripping higher because of the potential outcome of the stimulus bill. Oil prices were trading at $41.66 this morning but on Monday these prices will jump even higher as the April contract starts to trade.
Americans for Prosperity - No Stimulus Petition - February 10, 2009
Americans for Prosperity has started a Petition on their website over the weekend for Americans who oppose the stimulus.
We still have two chances to win in the House or Senate!
The Senate mustered 61 votes to squeak through the Collins/Nelson amendment, better known as the “compromise” stimulus plan.
If you listen to the mainstream media, this means the fight is over, Nancy Pelosi, Harry Reid, and President Obama win, and it’s time to move on. Not so fast!
The bill will go to a conference committee to work out differences between the House and Senate versions. The conference committee will be a brand-new feeding frenzy of wasteful pork projects, Americans for Prosperity said on their website Tuesday.
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Yesterday, the Stimulus Package passed a key procedural vote but lawmakers are still trying to tweak the plan as it gets ready for a Senate passage today and a Presidential Signature later this week. The Vote was 61 to 36 which will pass this bill by 1 vote. Republicans stepped up to the plate this time and helped out in a big way.
The three Republicans, Susan Collins and Olympia J. Snowe of Maine and Arlen Specter of Pennsylvania, linked up with 56 Democrats and two independents to get this bill passed. As of now, the Stimulus Package stands at $838 Billion Dollars
If this Stimulus package goes through, a new home buyer could get a $15,000 credit but the new package could hurt programs like no child left behind. There are also tax incentives for new car buyers.
Oil is ripping higher because of the potential outcome of the stimulus bill. Oil prices were trading at $41.66 this morning but on Monday these prices will jump even higher as the April contract starts to trade.
Americans for Prosperity - No Stimulus Petition - February 10, 2009
Americans for Prosperity has started a Petition on their website over the weekend for Americans who oppose the stimulus.
We still have two chances to win in the House or Senate!
The Senate mustered 61 votes to squeak through the Collins/Nelson amendment, better known as the “compromise” stimulus plan.
If you listen to the mainstream media, this means the fight is over, Nancy Pelosi, Harry Reid, and President Obama win, and it’s time to move on. Not so fast!
The bill will go to a conference committee to work out differences between the House and Senate versions. The conference committee will be a brand-new feeding frenzy of wasteful pork projects, Americans for Prosperity said on their website Tuesday.
For More Stock Market Updates, visit , http://daytradingstockblog.blogspot.com/ or Subscribe for FREE
Monday, December 8, 2008
Dow Jones Futures 12/08/08 - Stock Market
Today, 12/08/08, the Dow Jones and Stock Market Futures are pointing to a significantly higher open as Wall Street is liking Barack Obama's potential stimulus package for next year. This package was outlined over the weekend and is helping industrial and mining stocks surge over in Europe. At the open, it appears we will test the highs from last week for the Nasdaq and the Dow Jones. There was also news over the weekend that of a possible auto bailout is getting closer. Its looking like a great day for US stocks. We'll have to see if it an hold today. There will be loads of stock gainers today so make sure you check them out. Hartford Financial ( HIG ) led the charge on Friday!
Stock Market Futures - December 8, 2008
Dow Jones Futures - Up 199
Nasdaq Futures - Up 29
S&P 500 Futures - Up 23
Today's Biggest Gainers - 12/8/08
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Stock Market Futures - December 8, 2008
Dow Jones Futures - Up 199
Nasdaq Futures - Up 29
S&P 500 Futures - Up 23
Today's Biggest Gainers - 12/8/08
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Friday, November 7, 2008
Barack Obama Economic Speech 11/07/08
Today, 11/07/08, Barack Obama met with his Economic Team and provided comments in a news conference to the media. Here are some highlights of President - elected Barack Obama.
- I'm going confront this crisis head on when I become President.
- A fiscal stimulus plan is long overdue
- Transition team will be working on policies to help auto sector
- We need an extension of jobless benefits
- We will review the administrations financial planner
- If a stimulus package doesn't get done in the lame duck session, it will be the first thing I get done as President of the United States
- It's unacceptable for Iran to have Nuclear Weapons
- We will review letter from Iranian Government and respond accordingly
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