Economic Stimulus Check

[Twitch57]

spend it on american made steel ( read as guns knives and trucks)

i dont get the stim package cause im technically a dependent

but thats were my refunds goin

 

[Capt Jay]

did you not mean to thank the democrats in the house and senate who embraced this joke,and nearly shit their pants rushing it through,and tried to find a way to give some to non taxpayers.

i,ve noticed with you that w gets all the blame,the house gets a free pass just like the lending institutions that made loans to people who could not pay it back.

The reason gw get the blame on this one is that he's the one that proposed it. Nobody in the House or Senate would dare oppose a bill that gives people cash. That would be political suicide.

As for institutions that gave people money that they can't give it back, you need to check the assumptions. Nobody put a gun to any body's head to borrow more than they can afford. You borrow it and can't pay it back, you loose it, period.

People have to live with in their means and $600 isn't going to make a damn bit of difference.

 

[mhughes165]

The reason gw get the blame on this one is that he's the one that proposed it. Nobody in the House or Senate would dare oppose a bill that gives people cash. That would be political suicide.

As for institutions that gave people money that they can't give it back, you need to check the assumptions. Nobody put a gun to any body's head to borrow more than they can afford. You borrow it and can't pay it back, you loose it, period.

People have to live with in their means and $600 isn't going to make a damn bit of difference.

idk about u, but 600 will make one hell of a differnce, and the economic stimulus checks for familys will REALLY help, its helping those that need it, the ones that dont get the full 600 back make more, we have been trying to live in our means, when we bought this house back in 2002 it cost 105k, and the property taxes were DIRT cheap compared to most of jersey, now, property taxes are sky high, the hosues value has raised to well over 200k.

the money really helped out my parents, they got back 1800 becuase they dont make too much, they got 600 a piece and 300 per kid, and, dubya isnt the one that proposed it, he just backed it.

i know for damn sure 600 is going to help me ALOT when it gets here.....

so if u think 600 isnt gonna help dick, its only because u either spend too much, or have expensive hobbies. so, while this may not do dick for u, its savin alot of families that for some reason were a bit short on the hosue mortage, or to help the family thats been eating rice and water because money has been tight......

 

[Capt Jay]

If the house is over 200k the mortgage doesn't rise with the market value of the house. The mortgage is a fixed cost unless you refinance to try to get the equity out of the house. If your mortgage is for around 100k then you are living withing your means. There is no way that rent in an apartment is less than that mortgage.

What we need isn't gimmicky stimulus packages, we need actual help. If we weren't cutting taxes to the rich and started helping the poor that would help. Instead of giving a one time check and allowing people who make up the bulk of the working class to keep more money every year that's economic stimulus. This is what would help people living on the edge. The upper class have 90% of the money in the country. By simple math doesn't that mean they should be accountable for 90% of the tax income?

I do feel bad for the hard working people who are trying to live with in their means and are still having trouble do to job loss or some other external factors. The people I have no sympathy for are the people who work at some lower income job and decided to go buy a half million dollar house with zero down an a variable rate mortgage. Now they can't afford their house and are screaming foul. You know how much you make and how much the house cost. No lender forced anyone to sign their loans

As for me spending to much, no. I don't spend any more than I make. Zero credit card dept. My toys are either made from the scrap heap ( the Explorer ) or I save until I can pay for them.

 

[mhughes165]

ur missing the point, as the value of the house goes up in NJ, the property takes shoot up at a scary rate, they are 5 times what they were in 2002.

this will help alot of people, and all the time there are bills that are introduced to try and help the working class, but, POLITICIANS shoot them down every time whether they are demorcrats or republicans, it is becuase of the fact that it will affect there cushy lifestyle, if a US senator had to serve more then 2 years to get health care for life that would save ALOT of money in this country, if thye didnt vote for there own pay raises THAT would save money, if u werent aloud to have corporate donations for ur campaign then maybe MAYBE we would see a real cantidate come out of the wood work.....idk all in all politicians should be put on a island in the middle of nowhere and normal people should run the country

 

[fireguy12117]

i purchased a home a little over a year ago in metro detroit. when i applied for the morgage, i was told "you can have just about any amount you want, it just depends what you want for a monthly payment." my credit is good enough to go so far beyond my means- but i didnt. all i hear on the radio now are these debt managment people talking about how they can help some poor asshat thats in forclosure because "its not your fault, someone held a gun to your head when you signed the line". it pisses me off, that some add company is trading in on someones need for finding blame in someone/something else when its themselves they have to blame.

this $600 is going to pay off a final credit card debt. id rather stick it in the bank, but hey...im not going to baulk and someone handing me money like this. i still think there are far greater issues that need addressing, as has been mentioned before, for real economic recovery and stability. but i still think it starts with the individual. people are too conditioned to immediate gratification and with a subprime loan, or a credit card, why not just have it now?

 

[Capt Jay]

ur missing the point, as the value of the house goes up in NJ, the property takes shoot up at a scary rate, they are 5 times what they were in 2002.

this will help alot of people, and all the time there are bills that are introduced to try and help the working class, but, POLITICIANS shoot them down every time whether they are demorcrats or republicans, it is becuase of the fact that it will affect there cushy lifestyle, if a US senator had to serve more then 2 years to get health care for life that would save ALOT of money in this country, if thye didnt vote for there own pay raises THAT would save money, if u werent aloud to have corporate donations for ur campaign then maybe MAYBE we would see a real cantidate come out of the wood work.....idk all in all politicians should be put on a island in the middle of nowhere and normal people should run the country

I agree that politicians vote down a lot of bills that would help equalize things. You have to remember that most politicians are in the upper 1%. Bush's family owns oil, The Clintons made around 40 million on their last book deals. These are numbers that I can't even fathom.

You say that you'd like NORMAL people to run the country. This will never happen until we get term limits for the congress. Most politicians are so busy trying to keep their jobs that they neglect their constituents. Look at the presidential race. Who can take a year away from their jobs to try to get a new job, while being paid the entire time. With term limits then they can get into difficult decision making without having to worry about their voting records.

As a home owner I understand how property taxes work. Mine have been going up 8-10% a year for the last 7 years. It's added around $175 per month to my escrow/mortgage.

 

[Capt Jay]

i purchased a home a little over a year ago in metro detroit. when i applied for the morgage, i was told "you can have just about any amount you want, it just depends what you want for a monthly payment." my credit is good enough to go so far beyond my means- but i didnt. all i hear on the radio now are these debt managment people talking about how they can help some poor asshat thats in forclosure because "its not your fault, someone held a gun to your head when you signed the line". it pisses me off, that some add company is trading in on someones need for finding blame in someone/something else when its themselves they have to blame.

this $600 is going to pay off a final credit card debt. id rather stick it in the bank, but hey...im not going to baulk and someone handing me money like this. i still think there are far greater issues that need addressing, as has been mentioned before, for real economic recovery and stability. but i still think it starts with the individual. people are too conditioned to immediate gratification and with a subprime loan, or a credit card, why not just have it now?

Sounds like smart money management to me. Paying off credit cards with the money is good for you but doesn't help the economy. It's a perfect example of how the stimulus package won't help the economy.

 

[skippy]

The reason gw get the blame on this one is that he's the one that proposed it. Nobody in the House or Senate would dare oppose a bill that gives people cash. That would be political suicide.

As for institutions that gave people money that they can't give it back, you need to check the assumptions. Nobody put a gun to any body's head to borrow more than they can afford. You borrow it and can't pay it back, you loose it, period.

People have to live with in their means and $600 isn't going to make a damn bit of difference.

i agree that families and inividuals have to live within their means,it has to be job #1.

i also believe that many lenders put people into questionable loans with teaser rates and slick financial gimmicks.my heart goes out to the people that have been victims of job loss,divorce,medical bills and other situations that have made them unable to cope with mortgages.

should we bail folks out?we have bailed out airlines,banks and car makers in the past.these lenders have the fbi looking into their practices now for criminal acts,we will see.

if you don't want your check send it back,give it to charity or a family that needs a hand up.i'll do my part by putting it in the economy.

 

[Capt Jay]

I donate way more than $600 per year to charity, especially if you count my time.

You should put it into the economy. Don't spend it at Best Buy or Wal Mart. Find some small mom and pop store or a non-chain repair shop and use it to make a difference.

Yes, there were some questionable loan practices but as stated earlier, nobody forces you to do anything. Like fireguy12117 stated that to many people are conditioned for instant gratification.

 

[VaGent]

Foro what's it worth, I totally agree people should not be taking out mortgages they can't affor to pay BUT at the same time, LENDERS should not be making loans they know upfront people can't pay but they do. AND WHY???? Because of the M-O-N-E-Y that make upfront. They could care less if the borrower can repay it or not. It's ALL about what the lenders GET IN THEIR POCKETS. And that IMO is what is really wrong with the housing market today. Would you lend your truck to someone you KNEW would very likely wreck it or not bring it back ??? Would you allow your wife or daughter go to a bar where you KNEW in advance there most likely wouldbe trouble & they might get hurt?? I blame BOTH the LENDER & the BORROWER. The lender for making a loan based on GREED & the BORROWER for being GREEDY in gambleing on being able to pay for it. It's called living wihtin one's means & budget.

There is an old saying in the flying circles that I learned back years ago when taking pilot's training. IF IN DOUBT ????? DON'T!!! Makes a lot of sense if you think about it but most peole don't take the time to THINK. They usually jump first & take a gamble on things. And usually wind up loosing most of the time.

When you are looking at a morgage of over $200,000.00 & the economy is like it is today, you better make damned sure you know what you are taking on before you do it. There's a LOT more to take in consideration then just the monthy house payment.

 

[Capt Jay]

I couldn't agree more. If it seems to good to be true, it is.

 

[AllanD]

Just got my $600 stimulus check. Thanks george (purposely lower case) , now the economy is doing well. Although oil is $120+ a barrel, houses are being foreclosed at an unprecedented rate and well still have no foreign or domestic policies. This $600 is going to make a difference. November can't come fast enough.

Whatever you think of "george", whatever you have an inclination to blame him for don't you DARE blame him for the house forclosure problem, that is purely a construct of banking and speculation.

Speculators created a "bubble" and the bubble burst like all bubbles eventually do... Trying to apply stock market speculation rules to the housing and finance markets

The whole "flip this house" mentality at work.

Place the blame for that debacle where it belongs. the prez had NOTHING to do wiht it.

AND it is the financial bubble bursting that shook international confidence
in the dollar so as the dollar plunges the price of Oil, gold, etc SEEMS to skyrocket.

It's all part of the same problem.

property taxes are another ripoff.

In new Jersey the property taxes ammounted to nearly 10% of the value
of the house I lived in, that isn't "tax" that is paying a mortage for the priveledge of RENTING a house and property from the town
that YOU must maintain at your own expense.

then they started telling me what I could and could not do on my property by deciding that buisnesses were not going to be allowed and that the property had to be maintained to the arbirtary standards of the historical society because the town decided to designate everything a "historical district"

I moved out of NJ before I started killing people.

AD

 

[Capt Jay]

At no point was I saying old GW was DIRECTLY responsible for the housing problems. I was coming up with other ills of the country that $600 ISN'T going to fix. It's not going to bring a stronger dollar that will bring the buying power of the dollar back up which will bring the price of oil down. Sub prime mortgages should never been available in the first place, A-Rod shouldn't be making more money than the entire Florida Marlins, every body in the post powerful country in the world should have at least some health care. There is a lot that needs to be fixed in this country and it's NOT all GW's fault. This country is great and has the potential to be even greater, $600 isn't going to do it, it's a step back wards, not forward.

 

[c_note]

He Forest Gumped himself into 2 terms as president and 2 as governer of Texas. Everywhere he goes he makes huge tax cuts. In Texas he approved concealed carry permits for citizens and proclaimed Jesus Day.

He scraped through everything he ever did, most of his personal attempts at business failed, but still got to fly fighter jets and got a degree at Yale and an MBA at Harvard and got to own a baseball team.

This guy is a rednecks president. When bad people say things about Jesus and Momma, what do you expect him to do?

That's right--cut taxes, pass out handguns to proper persons and most of all--blow shit up.

I don't see a problem here.

You really think the worlds problems are his fault? What you got is a guy that does what he thinks is right.

+1

i like a man who does what he says hes gonna do!