Democrats plan second economic stimulus bill....can this really be true?
By ctrymuziklvr
@ctrymuziklvr (11057)
United States
July 16, 2008 6:28am CST
Democrats controlling Congress ratcheted up expectations Tuesday for additional legislation to jump-start the dragging economy.
"We will be proceeding with another stimulus package," House Speaker Nancy Pelosi, D-Calif., said after meeting with several economists.
Pelosi said that recently issued tax rebate payments of $600 to individuals and $1,200 for married couples have helped the economy but that more is necessary to offset the drag of higher gasoline prices and other costs.
But President Bush cautioned in a White House press conference that lawmakers should "wait for the stimulus package to fully kick in" before passing another.
If this really does happens it would be awesome but I won't believe it until I see it! Do you think it will? If it does what will you do with your "new found money" this time?
http://news.yahoo.com/s/ap/20080715/ap_on_go_co/democrats_economic_stimulus
4 people like this
6 responses
@baileycows (3665)
• United States
16 Jul 08
I would love to have another stimulus check, but I think they need to be careful of just handing out money. I mean some people get used to this and don't we have enough people crutching on the working mans taxes already?
2 people like this
@ctrymuziklvr (11057)
• United States
17 Jul 08
I think the reason it's "pending" is that they ARE being careful about handing out money this way. I know it's not something I would be getting used to because we all know our government doesn't just hand out money to us 
1 person likes this
@mynameismine (771)
• United States
16 Jul 08
I have heard about this too but have not kept up with it. If it comes it comes and will most likely go to bills just like the last one did.
2 people like this
@ctrymuziklvr (11057)
• United States
17 Jul 08
I read something about it online and that was the last I heard about it. It seems everyone else has too. I've been buying much needed clothes with mine since I've lost so much weight since last year.
1 person likes this
@anniepa (27955)
• United States
17 Jul 08
I won't believe it until I see it either, although I also heard that the Democrats are planning on proposing this. Unfortunately, no doubt Bush will veto it if they do get it passed and it would take a fair amount of GOP support to override the veto. Of course, with the election coming that may actually happen. I don't think these stimulus checks really help the economy a whole lot as a whole but they do help individuals and families get caught up on some bills which is a big deal if you're behind on your home heating bill or something like that with the predicted prices for this coming winter.
Annie
1 person likes this
@pergammano (7682)
• Canada
16 Jul 08
Morning, my friend.....what scares me about this (even tho' I live in Canada) it seems when the Gov't gives a hand-out with one-hand, the five fingers on the other hand are clawing it back from us, in ways that we don't really see! There is NOTHING free, from the Gov't! EXAMPLE: All British Columbians just received a $100.00 Climate Control Cheque! July 1st, B.C. Gov't added a 2.5 cent per Litre Carbon Tax to ALL Fuel (that's 11.4 cents per gallon) As if most of us could afford that MUCH added on to the already astronomical cost already! We already pay $7.45 a gallon.
I think our Gov't has it's proverbial nose up Bush's butt...cuz everything that he does affects our economy! I do not trust Government! Cheers...and have a rainbow day!
1 person likes this
@mynameismine (771)
• United States
16 Jul 08
You are totally and 100% right. Nothing is free and there is always a catch somewhere. We are getting so many new fees and new taxes added in here and there it is crazy. We got $1800 and it was gone in no time because it went directly to bills that were all somehow due at the very moment the check came in. I basically spent it before I cashed it.
1 person likes this
@luvstochat (6907)
• United States
17 Jul 08
I have read about this too but it is not set in stone yet and some want to use the second stimulus if there is one to do things like fix the roads with and help low income people with gas bills so don't be couting on another check .
1 person likes this
@shrashira (438)
• United States
27 Jul 08
They are using this to "Stimulate" the economy.
I had a discussion with friends and they said what they wanted is their jobs back.
They are in the same boat as me, jobs send to New Dehli, India. Keep the check, give me my job back and I won't need the check.
