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Stimulus Checks Keeping Recession At Bay, For Now
CMBC ^
| 13 Jun 2008
| Krystina Gustafson
Posted on 06/14/2008 5:37:36 AM PDT by BloodOrFreedom
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"Stimulus Checks Keeping Recession At Bay, For Now"
From the article:
"The rebates, approved by Congress earlier this year, helped push May retail sales up at twice the expected rate. But consumers are still facing rising gas costs, falling home prices and the struggling job market"
So how is this not indicative of a recession?
To: BloodOrFreedom
The official definition of recession is when GDP growth is negative for two consecutive quarters or more. We have yet to have one quarter of negative growth.
2
posted on
06/14/2008 5:44:21 AM PDT
by
RockinRight
(I just paid $63 for gas. An icefield in Alaska is NOT the Grand Canyon. F--- the caribou.)
To: BloodOrFreedom
Did all the checks go out already?
I haven’t gotten crap in the mail.
3
posted on
06/14/2008 5:44:30 AM PDT
by
mowowie
To: BloodOrFreedom
4
posted on
06/14/2008 5:46:56 AM PDT
by
Graybeard58
(McCain, my penultimate choice in the primary and only choice in the general)
To: mowowie
There's a schedule the IRS is using to mail out stimulus checks. It depends on the last two digits of your SS number. Do a Yahoo or Google for "IRS stimulus checks schedule". Mine won't be sent out for a day or two more.
Most people who had them mailed out to direct bank deposit accounts received them already. The paper checks take longer.
Leni
5
posted on
06/14/2008 5:49:12 AM PDT
by
MinuteGal
(Stay Home in Nov. For More Taxation, Regulation, Litigation, Ginsburgization and Obamination)
To: BloodOrFreedom
Its a good thing those government checks in May kept the economy growing in January, February, and March!
6
posted on
06/14/2008 5:50:01 AM PDT
by
norwaypinesavage
(Planting trees to offset carbon emissions is like drinking water to offset rising ocean levels)
To: BloodOrFreedom
Well, if the stimulus checks worked so well and I haven’t heard anyone complain of government programs being cut, children starving, etc. because of these stimulus checks, then I vote the government sends us even more of our own money back so we can do our part in keeping the economy going.
7
posted on
06/14/2008 5:53:32 AM PDT
by
randita
To: BloodOrFreedom
"but analysts believe hope the impact may only be temporary."
8
posted on
06/14/2008 5:54:07 AM PDT
by
Perdogg
To: BloodOrFreedom
So... if letting us have tax money stimulates the economy, why not just cut our taxes?
Never mind... that is common sense (which Washington is lacking) and would be counter-active to income redistribution..... Why should WE keep our own money when there are other people who didn’t earn it who want it?
To: captjanaway
Why should WE keep our own money when there are other people who didn’t earn it who want it? It's only fair that everybody gets theirs, even those who do not merit it. /s/
To: BloodOrFreedom
I’d do my part to keep the recession at bay with MY stimulus package, if we ever GOT the darn thing.
11
posted on
06/14/2008 6:11:02 AM PDT
by
madison10
(To anger a conservative, tell him a lie. To anger a liberal, tell him the truth.)
To: MinuteGal
12
posted on
06/14/2008 6:14:35 AM PDT
by
mowowie
To: mowowie
13
posted on
06/14/2008 6:15:59 AM PDT
by
RandallFlagg
(Satisfaction was my sin)
To: RandallFlagg
Hi, Randy....see my #5 re: not receiving checks yet.
Leni
14
posted on
06/14/2008 6:18:38 AM PDT
by
MinuteGal
(Stay Home in Nov. For More Taxation, Regulation, Litigation, Ginsburgization and Obamination)
To: MinuteGal
Most people who had them mailed out to direct bank deposit accounts received them already.
I'm one of the ones not in the, "Most People," category. I used DD for my tax return, but still haven't seen squat.
15
posted on
06/14/2008 6:19:01 AM PDT
by
RandallFlagg
(Satisfaction was my sin)
To: BloodOrFreedom
"Stimulus Checks Keeping Recession At Bay, For Now" Some people call that whistling by the grave yard, I picked up a copy of the Washington times this past week, it had three pages of foreclosures, most in the $300,000 range.
16
posted on
06/14/2008 6:19:09 AM PDT
by
org.whodat
(What's the difference between a Democrat and a republican????)
To: BloodOrFreedom
Mine is in the market (what there was of it!). It really ticked me off that I got shorted while those who paid zero taxes got a full measure.
17
posted on
06/14/2008 6:21:17 AM PDT
by
Glenn
(Free Venezuela!)
To: RandallFlagg
Maybe your papers have been pulled.
Be afraid, very afraid!
Leni
18
posted on
06/14/2008 6:21:18 AM PDT
by
MinuteGal
(Stay Home in Nov. For More Taxation, Regulation, Litigation, Ginsburgization and Obamination)
To: MinuteGal
Hello, to you, BTW.
I remember something about if someone uses TorboTax (Or something similar) to do their taxes, their DD checks will be delayed. But it’s been almost a month since I was SUPPOSED to get a check.
Oh, well. It won’t kill my wallet to not get it.
19
posted on
06/14/2008 6:26:26 AM PDT
by
RandallFlagg
(Satisfaction was my sin)
To: RandallFlagg
“Torbotax?!”
Someone please shoot me now....
20
posted on
06/14/2008 6:27:50 AM PDT
by
RandallFlagg
(Satisfaction was my sin)
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