Bush Beats Drum For Tax Rebates

President Says Money Will "Boost" Sluggish Economy; Checks To Be Sent Next Week

(AP)  President Bush says the economic-stimulus tax rebates will begin going out Monday and will help people cope with lofty energy and food prices, as well as giving the economy a jolt.

The rebates range from $300 to $1,200 and are the centerpiece of the government's $168 billion stimulus package, enacted in February, to brace the teetering economy. Roughly 130 million households are expected to get them.

"This money is going to help Americans offset the high prices we're seeing at the gas pump, at the grocery store, and will also give our economy a boost to help us pull out of this economic slowdown," Mr. Bush said Friday in brief remarks at the White House.

Mr. Bush estimated that next week nearly 7.7 million Americans will receive their tax rebates by direct deposit. The IRS will start mailing checks on May 9, the president said.

The IRS says all checks for those who filed tax returns on time are scheduled to be deposited or mailed by July 11.

The Bush administration is hoping that people will spend the money, helping to bolster the economy.

"It's obvious our economy is in a slowdown," Mr. Bush said.

Earlier this week, the president denied the nation was in a recession, instead saying, "We are in a slowdown." But many economists believe the economy may already be in a recession.

A trio of crises - housing, credit and financial - has threatened to plunge the economy deep into recession.

The economy grew at an anemic 0.6 percent in the final three months of last year and is believed to have gotten even weaker in the first three months of this year. The government will report on the first quarter's performance next week. A growing number of analysts believe the economy is shrinking now.

With the economy faltering, the nation's unemployment rate has climbed to 5.1 percent, the highest since September 2005, when it suffered from the devastating blows of the Gulf Coast hurricanes. Job losses in the first three months of this year neared the quarter-million mark.

The collapse of the once high-flying housing market has been the biggest weight on the economy.

With many people watching their single-biggest asset - their home - falling in value, they have been less inclined to spend, weakening the economy.

Foreclosures have surged to record highs and financial companies have taken multibillion losses on mortgage investments that soured. The situation has sent a tremor through Wall Street and has sent the administration, Congress and presidential contenders looking for ways to provide relief.

[suzieh2308]

I am still unclear how making our debt 30 billion dollars bigger and sending the average american an extra $600 to offset the sky rocketing cost is really going to be more than a band aid? The average american probably spends that much at the gas pump in one month!! So unless they''re going to send me these checks every month, like the @$$holes on welfare, this is nothing more than a half @$$ed attempt by the biggest idiot in the history of this country to at least but a band aid over the bleeding economy before he is forever outed.
I also am FOREVER dumbfounded by the idiocrasy of this country - so we try to impeach Clinton for getting head in office, then we change our mind and let him stay, then we vote in the village idiot for not one but TWO terms, and then we realized that oral s3x isnt so bad, so lets bring his wife back around for round 4?? Doesn''t this kinda seem like an assinine plan to anyone else - well this is american history for ya!!

[leftyintexas]

(AP) President Bush says the economic-stimulus tax rebates will begin going out Monday and will help people cope with lofty energy and food prices, as well as giving the economy a jolt.

HA!HA!HA! bush couldn''t find his a$$ with both hands much less fix the ecomomic mess HE created. He will go down as the worst President in our country''s history. His un-popularity record will never be broken. It doesn''t look good for the intellegence level of the average American voter either. Only 267 days left! Thank God!

[ubrew12]

BLACK_SHHIT said: "Obamas "GLOBAL POVERTY PLAN" will make us subject to the laws of the UN."

These tax ''rebates'', that grow the national debt, are reality. The $30,000 of Reagan/Bush debt you owe the government are reality. You ARE, in fact, GOING TO PAY THAT MONEY. THATS GOING TO HAPPEN.

UN storm-troopers ''dropping out of the sky on small-town America''? THATS your mind on crack cocaine... Learn to distinguish the two.

[ubrew12]

Article: "President Says [tax rebate] Money Will "Boost" Sluggish Economy"

Whose sluggish economy? Ours, or our childrens, who have to pay the resultant debt, as well as all the other debts Bush has piled up for them to pay?

This recession is a crisis of confidence in America''s abilities to pay her debts! How will that crisis be eased by America going further into debt?

Honestly, that Bush could do this, and that McCain can suggest dropping the gas tax this summer, is evidence that modern Republicans are fiscal idiots! They never met a debt they didn''t want to double and pass on to the children.

I believe that when the hippies said ''never trust anyone over 30'', it was laughably absurd. But, frankly, given what modern Republicans have done to this country, I wouldn''t blame our children for taking that motto COMPLETELY seriously. We frankly, SHOULDN''T be trusted. Not as long as our politicians can shill for votes by promising MORE debt to thunderous popular applause.

[jerr11]

In Iraq, Gen Betrayus tried to buy the peace by giving out free cash to sunni warlords and islamist hoodlums.

Here at home, the Liar-in-Chief tries to buy his legacy by giving out free cash to the impoverished citizenry.

But his legacy will forever be defined by:

935 LIES.

4050 DEAD AMERICANS AND COUNTING.

$12 BILLION A MONTH IN IRAQ

GAS AT $4 A GALLON.

THE ECONOMY IN SHAMBLES.

THE DOLLAR DEVALUED UNTIL IT''S WORTH 60 CENTS WHAT IT USED TO BE BEFORE BUSH.

HECKUVA JOB, G W BUSH - SON OF SATAN

DAMNED FOR ALL TIME!

[black_shhit]

The tax rebates are nothing compared to Obamas "GLOBAL POVERTY PLAN" will make us subject to the laws of the UN. Think people before its to late to sniff my name posted.
Do you want to be subject to the UN? That means once its passed the UN forces can drop from the skies in any town in America and no one can stop them then!

Remember to thank your friend Obama for making this a possible reality!

[nownthen-2009]

ah yes from our pockets to the government back to some then into the coffers of the oil companys. somebody as sure getting boosted.

vote for no incumbents!

[gce65]

People:
Don''t do corporate America any more favors with your rebate checks. Buy something on eBay, buy something on the black market, spend it on a hooker, buy some weed or some blow. It''s the last chance at anything resembling pleasure you may get!

[gce65]

Shut up, Bush!
You''re no president!
You''re a simpleton! A nabob! A corporate functionary! You''d have been fired long ago by any business not controlled by "Poppy" or bailed out by his Big Oil friends. You''re a complete failure.

[sjc_1]

Bush ruins the economy with all of his deficit spending and money wasted in Iraq and now he wants those rebate checks paid for with borrowed Chinese money that people will spend at WalMart buying Chinese goods. Whose economy is he helping anyway, the Chinese?

[element51]

We don''t know how much our BIG REBATE will be but we''re going to do our best to help the economy. We''re gonna spend it. I''m going to buy a hunting rifle and bullets and stock up on canned goods with what is left. I figgure that since there lots of squirrls all I have to do is learn to clean them---meat. And if we really shop around we can lay in a good supply of non-perishables. Our house is paid for so all we''ll have to come up with is money for the taxes. Laugh if you want to but I try to think solutions---not problems. (now you all know this is a feeble attempt at humor)

[lastdance116]

ECONOMIC STRIFE .. Being used as a Weapon to : ELIMINATE a DEMOCRACY
and REPLACE IT - With The Totalitarian Dictatorship of : A NAZI FASCIST RULE
Against : The Populace of the United States and the Rest of The World

THE NEW WORLD - ORDER ! !

Trason was once a Criminal Act

[lastdance116]

Lots of People have already received Rebates - People should be more
considerate - Knowing that - The Bush NAZI Regime - Has the best interests of the
American people in their hearts.

US Treasury Secretary Henry Paulson Has Already
Received His PERSONAL BAIL-OUT ! !
Treasury Secretary Henry Paulson''s .. Personal stake was : $25 million

Angelo Mozilo - Countrywide CEO Cashed In $138 Million Dollars
In Options Before Crash

Citigroup''s - Charles Prince - Will Get $40 Million
The $40 million is in addition to about - $53 million of shares

Merrill Lynch''s - Neal received $161.5 million

Bear Stearns - BANK - BAIL-OUT - (abc.com - Mar 27, 2008)
Embattled Investment Bear Stearns - Chairman Sells Stake for $63M

PERSONAL BAIL OUT for : Treasury Secretary Henry Paulson
and His CRIMINAL FRIENDS

WASHINGTON (Reuters) - As clamor rises for federal help for homeowners who face
losing their homes .. U.S. Treasury Secretary Henry Paulson ..
Seems to be digging in heels against the effort.

U.S. Treasury Secretary Paulson sounded a tougher note than ever against any
possibility of bailout for individual mortgage holders, singling out the growing number
going "under water" as their loans exceed the diminishing value of their properties

The Bush administration says a Homeowner Bailout is Not only - Unnecessary -
But would be excessively costly.

Massive .. Bank Fraud and Bank Embezzlement ... Was Once a Criminal Act ! ! !

[prairiefox1]

MY REBATE WILL BE USED TO REPLACE SOME OF THE MONEY I HAVE HAD TO SPEND THANKS TO HIS INAPTITUDE !
FOR WHAT HE HAS DONE TO THIS COUNTRY HE NEEDS TO BE CONFINED AT OUR BASE IN CUBA!

[bgwinnett]

ubrew12-- Bullseye!

True. But my accountant also said, that even though we do not get money in hand, our tax liability will actually be lowered next year by the highest amount eligible and in this way--we get the cut--without getting the actual money.
Posted by b-easy63 at 03:45 PM : Apr 25, 2008

Your accountant is an idiot...checks are being mailed and deposited next week. No wonder you don''t have a better understanding of a free economy if you''re listening to him. You need a little trip to Haiti where the people eat dirt and flour mixed together and baked into bread to keep from starving....you might not be so cynical about your country.

[ubrew12]

jamesm12341 said: "any of you loser libs that dont want your rebate you can send it to me"

This is so the neocon way: give yourself a tax break with your childrens money.

Like taking candy from a baby... cuz it IS!!

[hungry1968]

Bush Beats Drum For Tax Rebates




Even though it''s financially ruining our country, I guess it''s better than him beating the war drums.

[nonayabiness]

I am unsure the tax stimulous plan will work. Many will use it to pay their mortgage another month or towards paying off debt, money they''ve already spent.

Others will hoard it to use for gas and groceries.
I can offer one piece of advice for those who are going to spend their rebates. BUY AMERICAN ONLY!

[gce65]

Oh yeah, that money will really help. Not! We and our kids will be paying for it for years along with Bush''s continuing wars. May as well spend the check on hookers and blow. Better than giving it to banks or oil companies.