Archive for the ‘relief’ Category

Stimulus Components Vary in Speed and Efficiency

January 29, 2009

At first, it will trickle into paychecks in small, barely perceptible amounts: perhaps $12 or $13 a week for many American workers, in the form of lower tax withholding.

By DAVID M. HERSZENHORN
The New York Times
For the growing ranks of the unemployed, it will be more noticeable: benefit checks due to stop will keep coming, along with an extra $25 a week.

At the grocery store, a family of four on food stamps could find up to $79 more a month on their government-issued debit card.

And far bigger sums will appear, courtesy of Washington, on budget ledgers in state capitals nationwide: billions of dollars for health care, schools and public works.

There is no doubt that the impact of the $819 billion economic stimulus package advanced by President Obama and approved by the House on Wednesday will start to be felt within weeks once the final version becomes law.

But estimating how effective the huge program of tax cuts and spending will be in getting America’s economic engines humming again is a far more complex calculation requiring almost line-by-line scrutiny of the 647-page bill, lawmakers, economists and policy analysts say.

While it may be difficult to predict how well the overall plan will work, it is easier to draw conclusions about its individual components, gauging them against the basic goal of any stimulus: to promote economic activity and create jobs as quickly and efficiently as possible.

Read the rest:
http://www.nytimes.com/2009/01/2
9/us/politics/29assess.html?_r=1&hp

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Obama’s stimulus doesn’t work for me

January 28, 2009

Republicans insisted Wednesday that their own economic stimulus plan, focusing on tax relief, would create twice as many new jobs – 6.2 million – as the plan Obama is pushing, while costing about half as much.

As a business owner, here’s how I see the economy.

“We” Americans got where we are by spending too much money we didn’t have.  Now “we” as a nation propose to spend even more to get out of this box.

It makes no sense to me.

There are real dangers in inflation, loss of value in the dollar and other ills with such a huge debt — much of it owned by China.  And China may resist buying even more….

I can’t hire or buy more equipment or inventory becaue I have no certainty that the economy will improve for, oh, say three years.

The spending I see in the stimulus won’t do anything for me; unless maybe I can get some free condoms at family services.

The Republican idea of tax cuts would at least allow me to plan my budget for a year or two.

Whatever plan can really make jobs is a good idea: but we have to have lasting jobs and not just hire every Spanish speaking guy at the 7-11 so he can fix roads.  He’ll send a lot of that pay home to somewhere else…

And the speed we’ve decided is necessary for the lawmaking associated with the stimulus has never before yielded good law….

****

(AP) 

House Republican leaders are standing firm in their opposition to the stimulus plan that President Barack Obama is asking Congress to approve.

Just ahead of a House vote that they’re expected to lose along party lines, Republicans insisted Wednesday that their own plan, focusing on tax relief, would create twice as many new jobs – 6.2 million – as the plan Obama is pushing, while costing about half as much.

House Minority Leader John Boehner said Republicans remain “disappointed” in the stimulus plan coming to a vote. He says it includes a “lot of wasteful spending that won’t create jobs.”

He says the GOP plan for “fast-acting tax relief” would “create jobs and preserve jobs in America.”

Gaza: Former Georgia Congresswoman Cynthia McKinney Tries To Land Relief Supplies; Turned away

December 30, 2008

A boat carrying international peace activists, including former Georgia congresswoman Cynthia McKinney, and medical supplies to the embattled Gaza Strip sailed back into a Lebanese port on Tuesday after being turned back and damaged by the Israeli navy, organizers of the trip said.

The crowds on the docks in the Lebanese port city of Tyre were jubilant and cheering as they welcomed the vessel.

By Craig Schneider 
The Atlanta Journal-Constitution
Monday, December 29, 2008
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The boat, which set off from Cyprus Monday wanted to make a statement and deliver medical supplies to embattled Gaza. The trip’s organizers said the boat was clearly in international waters, 90 miles off the coast of Gaza, at the time of its close encounter with the Israeli navy.

“Our boat was rammed three times, twice in the front and one on the side,” McKinney told CNN Tuesday morning. “Our mission was a peaceful mission. Our mission was thwarted by the aggressiveness of the Israeli military.”

She called on President-elect Obama to address the Gaza crisis, saying the weapons being used by Israel were supplied by the United States.

She denied that the incident was an accident, caused whent he captain of the Dignity tried to maneuver past the Israeli blockade. “What the Israelis are saying is outright disinformation,” she said. “What happened to us last night was a direct threat to our mission, but not our cause.”

Read the rest:
http://www.ajc.com/metro/content/metro/dekalb/
stories/2008/12/29/cynthia_mckinney_gaza.html
?cxntlid=homepage_tab_newstab&imw=Y