Comments on: Economic Stimulus Package Poll http://cashmoneylife.com/2008/02/12/2008-economic-stimulus-package-poll/ Your Money. Your Career. Your Life. Tue, 14 Oct 2008 07:01:35 +0000 http://wordpress.org/?v=abc By: Patrick http://cashmoneylife.com/2008/02/12/2008-economic-stimulus-package-poll/#comment-12517 Patrick Thu, 28 Aug 2008 11:36:11 +0000 http://cashmoneylife.com/2008/02/12/2008-economic-stimulus-package-poll/#comment-12517 <strong>Sonya: </strong>Thanks for your comment. I understand the idea that extra money would be helpful to a lot of people, but I don’t think taxing a large company simply because they make a lot of money is the right way to go about it. Based on Obama’s plan, which I outlined in this article: <a href="http://cashmoneylife.com/2008/08/04/another-second-stimulus-rebate-check/" rel="nofollow">Do We Need Another Stimulus Check?</a>, the math doesn’t make sense. Obama plans to make permanent tax cuts, but under his plan it will take 5 years to pay for the first year’s worth of cuts. If it takes 5 years to pay for the first year of tax cuts, how will future years be paid? In this article, <a href="http://cashmoneylife.com/2008/08/12/reader-comment-we-need-a-second-stimulus-check/" rel="nofollow">Reader Comment: We Need a Second Stimulus Check</a>, I went on to discuss how additional taxes on oil companies will hurt everyone, including consumers at all levels (and not just of oil, but products containing petroleum, and items that require shipping). In addition, this would hurt anyone that holds stock in the oil companies - which is just about everyone in the US that own a mutual fund or 401(k) plan, including many state and government pension plans. I respect your opinion, but I think this plan is a short sided view by Obama’s campaign and is designed to get votes - not help people. Sonya: Thanks for your comment. I understand the idea that extra money would be helpful to a lot of people, but I don’t think taxing a large company simply because they make a lot of money is the right way to go about it.

Based on Obama’s plan, which I outlined in this article: Do We Need Another Stimulus Check?, the math doesn’t make sense. Obama plans to make permanent tax cuts, but under his plan it will take 5 years to pay for the first year’s worth of cuts. If it takes 5 years to pay for the first year of tax cuts, how will future years be paid?

In this article, Reader Comment: We Need a Second Stimulus Check, I went on to discuss how additional taxes on oil companies will hurt everyone, including consumers at all levels (and not just of oil, but products containing petroleum, and items that require shipping). In addition, this would hurt anyone that holds stock in the oil companies - which is just about everyone in the US that own a mutual fund or 401(k) plan, including many state and government pension plans.

I respect your opinion, but I think this plan is a short sided view by Obama’s campaign and is designed to get votes - not help people.

]]> By: Sonya http://cashmoneylife.com/2008/02/12/2008-economic-stimulus-package-poll/#comment-12505 Sonya Thu, 28 Aug 2008 03:55:45 +0000 http://cashmoneylife.com/2008/02/12/2008-economic-stimulus-package-poll/#comment-12505 I think it is a good idea to give another check to everyone. Most of us spent the first check on paying bills or debts. It would be nice to have one to spend on christmas without the stress of making sure we have enough money for bills and christmas. Sonya, Claremore Oklahoma I think it is a good idea to give another check to everyone. Most of us spent the first check on paying bills or debts. It would be nice to have one to spend on christmas without the stress of making sure we have enough money for bills and christmas.

Sonya, Claremore Oklahoma

]]> By: Stimulate Rebate Spend? Save? | rocket finance http://cashmoneylife.com/2008/02/12/2008-economic-stimulus-package-poll/#comment-12389 Stimulate Rebate Spend? Save? | rocket finance Tue, 26 Aug 2008 04:36:40 +0000 http://cashmoneylife.com/2008/02/12/2008-economic-stimulus-package-poll/#comment-12389 [...] much regarding the checks. Another interesting post is a poll on how people plan to use the money. Stop by his blog and vote for yourself. Then check out the results of the poll. Given that the poll demographic was taken by personal [...] [...] much regarding the checks. Another interesting post is a poll on how people plan to use the money. Stop by his blog and vote for yourself. Then check out the results of the poll. Given that the poll demographic was taken by personal [...]

]]> By: kevin http://cashmoneylife.com/2008/02/12/2008-economic-stimulus-package-poll/#comment-9049 kevin Mon, 02 Jun 2008 23:50:15 +0000 http://cashmoneylife.com/2008/02/12/2008-economic-stimulus-package-poll/#comment-9049 Cars? paid off credit cards? paid off student loans? n/a college funding for kids? funded 401k? fully funded IRA? fully funded emergency fund? 12 months in the bank Im going to the beach in Hawaii and laugh at the rest of you. Cars? paid off
credit cards? paid off
student loans? n/a
college funding for kids? funded
401k? fully funded
IRA? fully funded
emergency fund? 12 months in the bank
Im going to the beach in Hawaii and laugh at the rest of you.

]]> By: craig http://cashmoneylife.com/2008/02/12/2008-economic-stimulus-package-poll/#comment-8758 craig Mon, 19 May 2008 02:48:09 +0000 http://cashmoneylife.com/2008/02/12/2008-economic-stimulus-package-poll/#comment-8758 No stimulating from me...the state got mine. No stimulating from me…the state got mine.

]]> By: jl http://cashmoneylife.com/2008/02/12/2008-economic-stimulus-package-poll/#comment-8701 jl Fri, 16 May 2008 01:56:59 +0000 http://cashmoneylife.com/2008/02/12/2008-economic-stimulus-package-poll/#comment-8701 I thought this was an economy stimulus rebate!! If people owe back taxes, child support and college loans (I am sure there are many) and this check goes toward amount owed, how will this stimulate the economy? I thought this was an economy stimulus rebate!! If people owe back taxes, child support and college loans (I am sure there are many) and this check goes toward amount owed, how will this stimulate the economy?

]]> By: mkeach http://cashmoneylife.com/2008/02/12/2008-economic-stimulus-package-poll/#comment-8493 mkeach Fri, 09 May 2008 16:08:17 +0000 http://cashmoneylife.com/2008/02/12/2008-economic-stimulus-package-poll/#comment-8493 Paid the last of our credit card debt off... thank God. Just have to worry about mtg & utilities now & keep the credit in check! Paid the last of our credit card debt off… thank God. Just have to worry about mtg & utilities now & keep the credit in check!

]]> By: msmith http://cashmoneylife.com/2008/02/12/2008-economic-stimulus-package-poll/#comment-8454 msmith Thu, 08 May 2008 17:39:45 +0000 http://cashmoneylife.com/2008/02/12/2008-economic-stimulus-package-poll/#comment-8454 My husband & I are going to be using it to pay bills. We live in western Nc & work is really really slow here. He does roofing & I am a stay at home mom to 2 small boys with 2 other children in school. It is very hard to make it and pay all of the bills as well. It would be really nice to spend it but every dime of ours will be spent catching up all of our bills. My husband & I are going to be using it to pay bills. We live in western Nc & work is really really slow here. He does roofing & I am a stay at home mom to 2 small boys with 2 other children in school. It is very hard to make it and pay all of the bills as well. It would be really nice to spend it but every dime of ours will be spent catching up all of our bills.

]]> By: Jack Fernandez http://cashmoneylife.com/2008/02/12/2008-economic-stimulus-package-poll/#comment-8263 Jack Fernandez Mon, 05 May 2008 21:00:01 +0000 http://cashmoneylife.com/2008/02/12/2008-economic-stimulus-package-poll/#comment-8263 What we're told will*eh-hum* stimulate the economy today(and in George's likely frame of thought, earn him some 'good-guy' points)creates more work for the person who will have to clean up George's mess. And on top of that to drop something like 45 Million for that nice letter telling us about this proposed(stupidity)package. How can people seemingly be not outraged about all this. Do people actually think a coupla' extra dollars in thier pocket(which you better run out an blow becuase Georgie says so and we all know he's soo smart)indicates a solution?!?! I'm truly worried about the future of we as a people/country. Can it be desputed that there now is concrete emperical evidence which proves we as Americans need to lose the ego and start pickin' up more books?!?!!? The national average of intelligence around here is falling as(if not more)profoundly as our debt to foreign nations is climbing!! Sorry.... Had to vent. What we’re told will*eh-hum* stimulate the economy today(and in George’s likely frame of thought, earn him some ‘good-guy’ points)creates more work for the person who will have to clean up George’s mess. And on top of that to drop something like 45 Million for that nice letter telling us about this proposed(stupidity)package. How can people seemingly be not outraged about all this. Do people actually think a coupla’ extra dollars in thier pocket(which you better run out an blow becuase Georgie says so and we all know he’s soo smart)indicates a solution?!?! I’m truly worried about the future of we as a people/country. Can it be desputed that there now is concrete emperical evidence which proves we as Americans need to lose the ego and start pickin’ up more books?!?!!? The national average of intelligence around here is falling as(if not more)profoundly as our debt to foreign nations is climbing!! Sorry…. Had to vent.

]]> By: Tom Huchko http://cashmoneylife.com/2008/02/12/2008-economic-stimulus-package-poll/#comment-7575 Tom Huchko Sun, 27 Apr 2008 06:42:31 +0000 http://cashmoneylife.com/2008/02/12/2008-economic-stimulus-package-poll/#comment-7575 Our 20 year old washing machine is going to get replaced. And, we are going to stay out of the big boxes and buy from a hometown dealer who has a completive price and great service. This will keep some of the money in the community. Everyone should spend at lease a small portion in his town or neighborhood. Our 20 year old washing machine is going to get replaced. And, we are going to stay out of the big boxes and buy from a hometown dealer who has a completive price and great service. This will keep some of the money in the community. Everyone should spend at lease a small portion in his town or neighborhood.

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