Getin the ring
Verified User
still (((crickets))) huh? 
Obama's tax rebates were supposed to encourage consumer spending, but many experts doubted it.
Why? The rebates showed up as less tax withholding. Unlike the Bush tax cuts, workers did not receive checks. As a result, most people weren't aware they got a tax rebate.
So he assumed we would say "ok I get to keep $3.33 more each paycheck, if I save it all year I will have an extra 170.oo to dump into the economy", that's not a rebate.
The economic stimulus bill was supposed to save 900,000-2.3 million jobs. As of October 30, 2009, it saved 640,329 jobs. (The Recovery Board stopped estimating job creation after that.) <<<<good idea
Many critics pointed out that Obama's stimulus package did not succeed because the economy contracted 2.8 percent in 2009.
The Congressional Budget Office had projected ARRA would stimulate GDP growth by 1.4 percent to 3.8 percent that year <<<<that pesky CBO

Obama's tax rebates were supposed to encourage consumer spending, but many experts doubted it.
Why? The rebates showed up as less tax withholding. Unlike the Bush tax cuts, workers did not receive checks. As a result, most people weren't aware they got a tax rebate.
So he assumed we would say "ok I get to keep $3.33 more each paycheck, if I save it all year I will have an extra 170.oo to dump into the economy", that's not a rebate.
The economic stimulus bill was supposed to save 900,000-2.3 million jobs. As of October 30, 2009, it saved 640,329 jobs. (The Recovery Board stopped estimating job creation after that.) <<<<good idea
Many critics pointed out that Obama's stimulus package did not succeed because the economy contracted 2.8 percent in 2009.
The Congressional Budget Office had projected ARRA would stimulate GDP growth by 1.4 percent to 3.8 percent that year <<<<that pesky CBO
