Obama’s Middle Class Tax Cut

News Flash:

Obama Stimulus bill will put an extra $13 per week into people’s paycheck!!!!!

That’s right, Obama promised a tax-cut for 95% of the American people, and today he kept his promise. The Obama buy-the-vote stimulus bill has in it a provision for a $500 tax credit for lower and middle income workers. Officials estimate that it will put a whopping extra $13 per week into qualified taxpayer’s pockets by this June.

Of course, the government can’t afford to be this generous indefinitely, so the amount will decrease to only about $8 per week by next year!

This couldn’t have come at a better time for some supporters of Obama like Peggy Joseph who were counting on his generosity.

Remember Peggy?

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So Peggy…… Obama really came through for you – big time!

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Posted by admin · February 12, 2009 · Category: Obama's America,Uncategorized · Comments (5)

Reader Comments

13 dollars a week is 676 dollars a year, and for alot of people who are poor that is equal to 1 month of rent. 13 dollars a week can buy 2-3 gallons of milk depending on where you live. 13 dollars a week is around 55 dollars a month, for alot of people that is enough to buy a bus pass so they can travel to and from work everyday.

Now you times 13 dollars a week by how many people are receiving it and you get one hell of a consumption multiplier. The millions of people who are going to receive this money are going to spend all of it.

#1 
Written By Andrew on February 14th, 2009 @ 4:16 pm

Dear Andrew:

I usually try not to argue with anyone with an IQ below 70 because there is very little to gain by doing so. However, in your case I’ll make an exception because the giant softballs you’re lobbing right over the middle of the plate are so hard to resist.

I understand that you drank the Obama Kool-Aid, and your savior can do no wrong, but to actually try to argue that $13 will have an impact on people’s lives, and that it will stimulate the economy borders on insanity. You claim that $13 per week is a lot for “poor people.” What poor people are you speaking of? If you’re speaking of Obama’s half-brother who lives in a straw hut in Kenya on $12 a year, fine, but poor people in this country have a much higher standard of living than most of the world’s middle-class.

In this country, poor people have cable TV, cell phones, cars, Nike sneakers, iPods, and many are obese. The fact is that unless you are homeless and collecting deposit cans and bottles on the street, $13 won’t make a dent in the average poor to middle class person’s life!

When President Bush signed a “stimulus” bill in 2008, qualified people actually received checks from $600 and up based on dependents. That stimulus gave people the money up front, in a lump sum, not spread out over 52 weeks! What did the Bush economic stimulus checks accomplish besides adding to the deficit? The answer is nothing!

Andrew – I have a crystal ball that I sometimes use, and it’s magically showing me that you were critical of the Bush stimulus, you were bitching that a $600 check was peanuts, that it couldn’t even buy you a decent laptop. My crystal ball also shows me how you went into the ballot-box and pulled the lever for Obama, and now $13 per week is a lot of money……..

#2 
Written By Pete on February 16th, 2009 @ 4:37 pm

Will you give me $13 a week? It’s a small amount and doing without $13 a week won’t make a dent in your lifestyle.

Bush’s $600 stimulus checks failed to stimulate the economy for the same reason that Obama’s will fail. We are in a de-leveraging period and people are saving and paying down debt, they aren’t spending.

#3 
Written By john on March 23rd, 2009 @ 12:08 pm

Pete….Your post is fabulous. I could not have said it better myself.

#4 
Written By elaine marie on April 16th, 2009 @ 1:55 am

Elaine Marie,

Thanks for the comment, and thanks for reading.

#5 
Written By PM on April 17th, 2009 @ 11:52 am