Stimulus Packages

2009-04-20 08:08:44

#1

konfusion: mostly afk; +480|6852|CH/BR - in UK

Maybe I'm the only one, but I've found this deal with the stimulus packages really confusing. I'm doing research for my midterm paper in Economics, and I've found a proposal by Bush for 700bn, one by Obama for 869bn, another by Obama of 1.2tn - how many of these plans were put into motion? I keep finding headlines of different numbers, and they're all swimming around in my head, but I can't find one definite answer of how much government spending there was.

Any help would be greatly appreciated - and karma for those who can give me a source as proof.

-kon

2009-04-20 08:15:10

#2

ghettoperson: Member; +1,943|6951

$800 billion IIRC. So probably the $869bn. A quick Google seems to agree with me. A not especially reputable source, but a source nevertheless.

2009-04-20 08:17:49

#3

konfusion: mostly afk; +480|6852|CH/BR - in UK

This is what I find confusing though: did Bush get his pushed through before Obama came into office with his two enourmous proposals, or did only Obama's proposals actually go into effect?

-kon

2009-04-20 08:19:07

#4

Man With No Name: جندي; +148|5877|The Wild West

Last year, Americans recieved an extra check with their tax returns. The govt sent me $300

2009-04-20 15:29:12

#5

nickb64: formerly from OC (it's EXACTLY like on tv)[truth]; +77|5913|Greatest Nation on Earth(USA)

https://pndblog.typepad.com/.a/6a00e0099631d08833010536d9c2bb970c-500wi

The numbers are billions of dollars.

2009-04-21 02:50:54

#6

FEOS: Bellicose Yankee Air Pirate; +1,182|6713|'Murka

I think you're confusing stimulus plans and budgets.

Obama had a separate $800-odd billion stimulus plan that was distinct from Bush's $700-odd billion financial markets bailout plan.

The $1.2 trillion is Obama's FY10 budget, I believe.

Last edited by FEOS (2009-04-21 02:51:19)

“Everybody is a genius. But if you judge a fish by its ability to climb a tree, it will live its whole life believing that it is stupid.”
― Albert Einstein
Doing the popular thing is not always right. Doing the right thing is not always popular

2009-04-21 04:12:19

#7

konfusion: mostly afk; +480|6852|CH/BR - in UK

FEOS wrote:
I think you're confusing stimulus plans and budgets.

Obama had a separate $800-odd billion stimulus plan that was distinct from Bush's $700-odd billion financial markets bailout plan.

The $1.2 trillion is Obama's FY10 budget, I believe.

Right >.<
I'm looking for stimulus and bailout stuff. Didn't Obama have another bailout plan in the making?

@nickb64 thx

-kon

2009-04-22 03:00:43

#8

FEOS: Bellicose Yankee Air Pirate; +1,182|6713|'Murka

konfusion wrote:
Didn't Obama have another bailout plan in the making?

There's been talk of another bailout/stimulus by some, but in just the past couple of days Geithner said he didn't think one was needed.

“Everybody is a genius. But if you judge a fish by its ability to climb a tree, it will live its whole life believing that it is stupid.”
― Albert Einstein
Doing the popular thing is not always right. Doing the right thing is not always popular

BF2S Forums Stimulus Packages

FEOS wrote:

konfusion wrote:

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