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IRS Paid Out $5.6 Billion in Bogus Tax Credits under Obama Stimulus plan
 
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The IRS issued $5.6 billion in potentially bogus education tax credits in a single year -- more than a quarter of all education credits claimed by taxpayers, a government watchdog said Tuesday. A new report by the agency's inspector general says the credits were issued to more than 3.6 million taxpayers in 2012. Most of the credits went to students even though the IRS never received a tuition statement from the school. Some students attended schools that weren't eligible for federal funding while others didn't take enough classes to qualify for the tax break. "The IRS still does not have effective processes to identify erroneous claims for education credits," said J. Russell George, Treasury inspector general for tax administration. George said the IRS has taken some steps to better police the credits, but has not addressed all the deficiencies that George's office identified in a 2011 report. In that report, the inspector general said the IRS issued $3.2 billion in potentially bogus education tax credits in 2010. "As a result, taxpayers continue to receive billions of dollars in potentially erroneous education credits," George said. The IRS said stepped up enforcement was largely responsible for a steep drop in credits issued in 2012. The amount of education credits issued dropped from $23.6 billion in 2011 to $19.1 billion in 2012. The IRS said Congress could help by simplifying the education tax credits and by giving the IRS more tools to validate student eligibility. Congress could also help by restoring budget cuts, the agency said. "Since 2010, the IRS budget has been reduced by nearly $1.2 billion and we expect to have 16,000 fewer employees by the end of this fiscal year," said the IRS statement. "We simply do not have enough resources to audit every questionable credit." "It's also important to note the IRS believes the dollar estimates in this report are overstated, and the methodology could be more accurate," the statement said. "Regardless of this, the IRS believes more can be done in this area and will continue working with Congress and (the IG) to make improvements." There are two main education tax credits. The American Opportunity Tax Credit offers up to $2,500 a year to help pay for tuition and other expenses. Students must be in a program that leads to a degree. Students can claim this credit for up to four years. The Lifetime Learning Credit pays 20 percent of tuition and other education expenses, up to a maximum of $2,000. There is no limit on the number years this credit can be taken and students don't have to pursue a degree. Both credits are available only to students attending schools that are eligible to receive federal student aid. "THIS VIDEO IS FAIR USE UNDER U.S. COPYRIGHT LAW BECAUSE IT IS (1) NON-COMMERCIAL, (2) TRANSFORMATIVE IN NATURE, (3) USES NO MORE OF THE ORIGINAL WORK THAN NECESSARY FOR THE VIDEO'S PURPOSE, AND (4) DOES NOT COMPETE WITH THE ORIGINAL WORK AND COULD HAVE NO NEGATIVE AFFECT ON ITS MARKET."
Views: 174 LSUDVM
Obama Economic Stimulus Package Plan: The Presidency, Ep 3
 
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President Barack Obama's economic stimulus package needs to emphasize action while staying on the side of everyday Americans. FDR and Reagan gained acceptance for their economic plans by doing this through clear messages to the American public. Visit http://www.usnews.com/sections/news/stimulus/index.html for more economic stimulus package news.
Views: 3679 usnewsandworldreport
Paul Ryan Reacts to President Obama's New Jobs Plan
 
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Rep. Paul Ryan (R-WI) shares his thoughts on President Obama's plans for job growth, saying temporary tax rebates and stimulus will not work and will result in a debt hangover.
President Obama responds to President Obama's Job Plan - iOTWReport.com exclusive @Mr_Pinko
 
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President Obama responds to President Obama's jobs plan. Freedomworks Taxpayer March on Washington D.C. 9 12 09 - September 12 2009. The Taxpayer March on Washington (also known as the 9/12 Tea Party) was a Tea Party protest march from Freedom Plaza to the United States Capitol that was held on September 12, 2009, in Washington, D.C. The event coincided with other similar protests organized in various cities across the nation. The protesters rallied against what they consider big government, the dismantling of free market capitalism, abortion, and President Barack Obama's proposals on health care reform, taxation, and federal spending, among other issues. Organizers of the event included the 9-12 Project, FreedomWorks, the National Taxpayers Union, The Heartland Institute, Americans for Tax Reform, Tea Party Patriots, and ResistNet. The event was also promoted by Fox News commentator Glenn Beck as a symbol of what he called "national unity" following the eight-year anniversary of the September 11 attacks. The march is the largest gathering of fiscal conservatives ever held in Washington, D.C., as well as the largest demonstration against President Obama's administration to date. Though many of the signs were close to the original Tea Party message of "Taxed Enough Already," such as "Stop Obama's Spending Spree," some of the handwritten signs carried by protesters included statements such as "Liar Liar Pants on Fire!" and "Hey Obamacare! Hands off my body". Other signs promoted Obama citizenship conspiracy theories, depicted the Obama "Joker" image, and compared Obama to Adolf Hitler. One protester commented that many signs were "expressing concerns about the tax burdens to be carried by "our grandchildren" and other signs he didn't feel were appropriate to repeat". Gene Healy, author and vice president at the libertarian Cato Institute, expressed the opinion that the signs generally focused on opposition to government bailouts, Obama's proposal on health care reform, and the appointment of presidential "czars". Among the speakers at the rally were former House Majority Leader Dick Armey, chairman of FreedomWorks, and a small number of congressional Republicans including Representative Mike Pence, chairman of the House Republican Conference, Representative Tom Price of Georgia, Senator Jim DeMint of South Carolina, and Representative Marsha Blackburn of Tennessee. Pence said that "Americans want health care reform, but they don't want government takeover". On February 17, 2009, Obama signed the American Recovery and Reinvestment Act of 2009, a $787 billion economic stimulus package aimed at helping the economy recover from the deepening worldwide recession. The act includes increased federal spending for health care, infrastructure, education, various tax breaks and incentives, and direct assistance to individuals, which is being distributed over the course of several years. President Barack Obama signs the ARRA into law on February 17, 2009 in Denver, Colorado. Vice President Joe Biden stands behind him. In March, Obama's Treasury Secretary, Timothy Geithner, took further steps to manage the financial crisis, including introducing the Public-Private Investment Program for Legacy Assets, which contains provisions for buying up to $2 trillion in depreciated real estate assets. Obama intervened in the troubled automotive industry in March 2009, renewing loans for General Motors and Chrysler to continue operations while reorganizing. Over the following months the White House set terms for both firms' bankruptcies, including the sale of Chrysler to Italian automaker Fiat and a reorganization of GM giving the U.S. government a temporary 60% equity stake in the company, with the Canadian government shouldering a 12% stake. In June 2009, dissatisfied with the pace of economic stimulus, Obama called on his cabinet to accelerate the investment. He signed into law the Car Allowance Rebate System, known colloquially as "Cash for Clunkers", that had mixed results. The Congressional Budget Office and a broad range of economists credit Obama's stimulus plan for economic growth. The CBO released a report stating that the stimulus bill increased employment by 1--2.1 million while conceding that "It is impossible to determine how many of the reported jobs would have existed in the absence of the stimulus package."Although an April 2010 survey of members of the National Association for Business Economics showed an increase in job creation (over a similar January survey) for the first time in two years, 73% of the 68 respondents believed that the stimulus bill has had no impact on employment.
Views: 2009 BestPoliticalVideos
Obama's Failed Stimulus Plan to Rebuild America: Before & After
 
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Brown Recluse Media Presents: The Sandbox Where a collection of interesting ideas, concepts, and projects from around the internet are presented to be discussed, and eventually fester in a cesspool that is the comments section. Welcome to the pit of controversy and pseudo-scientific speculation. May the debate edge ever in your favor. Obama's Failed Stimulus Plan to Rebuild America: Before & After Original Link: https://www.youtube.com/watch?v=NQDDEuUxQ8c&index=247&list=FLb38MIUvFtMl1SGXW3-4N4Q
Fact Check: Was the Obama stimulus ‘all spending’?
 
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The stimulus package included tax cuts along with increased spending. Read more: https://wapo.st/2HcOYGg. Subscribe to The Washington Post on YouTube: http://bit.ly/2qiJ4dy Follow us: Twitter: https://twitter.com/washingtonpost Instagram: https://www.instagram.com/washingtonpost/ Facebook: https://www.facebook.com/washingtonpost/
Views: 560 Washington Post
Obama Agrees to Extend Tax Cuts for 2 Years
 
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I'm Alex Villarreal with the VOA Special English Economics Report, from http://voaspecialenglish.com | http://facebook.com/voalearningenglish President Obama announced an agreement with congressional Republicans in December. It would extend for two years the tax cuts put in place by former president George W. Bush. The tax cuts were to end in January. The compromise extends current income tax rates for all Americans for two years. That includes rates for the richest Americans. The agreement also cuts workers' Social Security taxes by two percentage points. Social Security is retirement insurance paid by almost all American workers and employers. The so-called payroll tax holiday would save a family earning fifty thousand dollars about one thousand dollars a year. For the president, the most important part of the compromise was the extension of aid payments to unemployed Americans for thirteen months. In November, the jobless rate increased by two-tenths of a percent to nine point eight percent. Economists say payments to unemployed people directly help the economy because they spend the money immediately. This has led some experts to call the agreement a stimulus measure meant to improve the economy. President Obama said he accepted the compromise because he wanted to help unemployed Americans.But the president faced strong opposition from his own party. Some Democrats objected to keeping tax cuts for the rich at a time when the government is struggling with deep budget deficits. The extension of the tax cuts for the wealthiest Americans is expected to cost about eighty billion dollars over two years. The deal also includes tax cuts aimed at middle income Americans and businesses.Senate Minority Leader Mitch McConnell said Republicans support the deal. He said it was an important step to take for the American people. Before the agreement, Senate Republicans had threatened to block other measures unless the tax cuts for the richest Americans were extended. Some Democrats were disappointed that President Obama agreed to the compromise. In two thousand eight, he campaigned on the promise that he would continue tax cuts for the middle class. But he proposed to raise income taxes on families reporting two hundred fifty thousand dollars or more in taxable income. Later in December, both houses of Congress passed the tax bill and President Obama signed it into law. For VOA Special English I'm Alex Villarreal. (Adapted from a radio program broadcast 10Dec2011)
Views: 62757 VOA Learning English
Obama's So-Called Stimulus: Good For Government, Bad For the Economy
 
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President Obama wants Congress to dramatically expand the burden of government spending. This CF&P Foundation mini-documentary explains why such a policy, based on the discredited Keynesian theory of economics, will not be successful. Indeed, the video demonstrates that Obama is proposing - for all intents and purposes - to repeat Bush's mistakes. Government will be bigger, even though global evidence shows that nations with small governments are more prosperous.
Views: 67555 afq2007
Deceptive "Stimulus" Plan
 
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My other videos are much better. This was my 1st one. I know I sound horrible in this video, so no need to be mean and rude and tell me how bad I sound. That's like telling a smoker they need to quit smoking because they stink. Or telling a fat person they are fat. Or an ugly person they're ugly. They already know it without you telling them. Google this: CNBC Analyst: Global Bank, Global Currency Within 15 Years‏ I failed to mention the details of the stimulus plan that will impact hundreds and thousands (perhaps millions?) of elderly. And the fact that this bill will REQUIRE doctors to report and electronically track your medical treatments per a federal system. The Federal Council is modeled after a U.K. board discussed in Daschle's book, "Critical: What We Can Do About the Health-Care Crisis". This board approves or rejects treatments using a formula that divides the cost of the treatment by the number of years the patient is likely to benefit. Treatments for younger patients are more often approved than treatments for diseases that affect the elderly, such as osteoporosis. Medicare now pays for treatments deemed safe and effective. The stimulus bill would change that and apply a cost- effectiveness standard set by the Federal Council (464). In 2006, a U.K. health board decreed that elderly patients with macular degeneration had to wait until they went blind in one eye before they could get a costly new drug to save the other eye. It took almost three years of public protests before the board reversed its decision. The liberals in Congress just won't stop. Now we have learned they are meeting in secret. Ultra liberals in Congress are continuing to pull strings behind the scenes to give billions of dollars in taxpayer money to ACORN. They are working overtime to shove through billions and billions of dollars in wasteful spending to long term liberal special interest projects. They are doing this all under the continued guise of the stimulus package. The price tag is still astonishing. $789 billion might be less than the Senates $838 billion, but its massively more than the $300 billion this bill originally was proposed at, and still tops a trillion dollars when interest is included. There's still $50 million for the National Endowment for the Arts, $600 million to buy cars for government workers, $88 million for ATV and bike trails and so much more waste. And, go to www.StimulusWatch.org to see the wish list of earmarks for cities and counties in your area. It will blow your mind. On January 11, Speaker Pelosi publicly pledged "no pork" when being interviewed by Wolf Blitzer. She promptly broke that pledge when it was convenient to do so. The trillion dollar stimulus bill pushed by Speaker Pelosi and passed overwhelmingly by the House has more pork spending than any bill in history! In fact, the bill (H.R.1) contains so much pork spending that Speaker Pelosi included $227 million simply for oversight of the pork barrel projects included in her stimulus bill. (Page 11 of the stimulus bill.) See some of the pork included in this bill: http://www.afa.net/pdfs/porkandpayoffs.pdf "Ruin Your Health With the Obama Stimulus Plan: Betsy McCaughey": http://www.prisonplanet.com/ruin-your-health-with-the-obama-stimulus-plan-betsy-mccaughey.html • Help us send one million e-mails to Speaker Pelosi. Tell Speaker Pelosi that you are fed up with pledges being made and broken. • Please forward this to all your friends and family and ask them to take a pledge not to vote for a member, of either party, who lies to the people: https://secure.afa.net/afa/activism/signpetition.asp?id=1810 To read the article, "It's the Economy and Illegal Immigration Stupid!" by Frosty Wooldridge go here: http://www.newswithviews.com/Wooldridge/frosty440.htm TAGS: Wall Street Stock Market Bank AIG Collapse Crash Immigration Gumballs Green Migrant Workers Mexico Obama Reserve Borrow Loans Fiasco Lotto Lottery Giveaway Hannity Imus Dutko Coulter American Family AFA OneNewsNow.com Rush Limbaugh Liberals Democrats Republicans Patriots Constitution Democratic Associated Press Billion Trillion Troubled Assets Healthcare Information and Management Systems Society HIMSS HyperInflation Bankrupt Bankruptcy Medical Medicaid
Views: 2979 FireThunderTV
Barack Obama stimulus check
 
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Barack obama announces a stimulus check.
Views: 685 rockband2xbox360
Obama Urges Steps to Strengthen Economy
 
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I'm Alex Villarreal with the VOA Special English Economics Report, from http://voaspecialenglish.com | http://facebook.com/voalearningenglish In September, President Obama proposed new measures to lift the economy. The central bank in its latest report said there was continued growth in the past several weeks, but with "widespread signs" of slowing. Congressional elections are November second. One new survey showed that forty-nine percent of likely voters think Republicans should control Congress. Other polls find that about sixty percent of Americans think the country is going in the wrong direction. President Obama gave a speech near Cleveland, Ohio. He proposed a tax plan for businesses that make capital improvements, like buying new equipment. The president said: "And I'm proposing that all American businesses should be allowed to write off all the investment they do in 2011." He said this will help small businesses upgrade their plants and equipment, and will encourage large corporations to start putting their profits to work.Mr. Obama also proposed to permanently extend a tax credit for research and development.And he offered a plan for "rebuilding and modernizing" America's roads, rails and runways. He said it would create jobs and improve transportation. The plan would cost fifty billion dollars, but he promised it would not add to the budget deficit over time. The president spoke in Milwaukee, Wisconsin. Both speeches were in the Midwest, an area hit hard by the recession. He said almost every Republican in Congress is saying no to his ideas. But retiring Senator George Voinovich of Ohio told the Washington Post that he planned to help push a bill through the Senate. That bill, supported by the president, contains measures to help small businesses. Still, there is disagreement over the future of the tax cuts approved under President George W. Bush. These are set to end this December. President Obama wants to extend the tax cuts only for families that earn less than two hundred fifty thousand dollars a year. Republicans oppose ending the tax cuts for higher earners. They say it would hurt small businesses. Democrats argue that few small businesses earn enough for their taxes to go up. Congress passed a big stimulus bill shortly after the president took office last year. But there is little that his newest proposals could do to help the economy before November. For VOA Special English I'm Alex Villarreal. Follow us on Facebook, Twitter, YouTube and iTunes at VOA Learning English. (Adapted from a radio program broadcast 10Sept2010)
Views: 61254 VOA Learning English
Economic Stimulus Package is a Bad Idea
 
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Watch more at http://www.theyoungturks.com
Views: 4085 The Young Turks
Employed? What's in the Obama Stimulus Package for You
 
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We breakdown the economic stimulus package in detail to find out exactly who gets what. Here's how the government stimulus package benefits those who are currently working and employed.
Views: 1067 Money Talks News
Obama Speaks on "Cash for Clunkers" Program - Bloomberg
 
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Live! From the White House: President Barack Obama Holds News Conference (Bloomberg News)
Views: 1615 Bloomberg
Obama's Stimulus Plan includes ridiculus spendings like $246 M for Hollywood producers to buy films
 
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$248 M for furniture at new Homeland Security headquarters; $400 M STD research; $75 M quit smoking programs (when Obama can't even quit smoking himself!); $150 M to re-do the Smithsonian; $1 billion for the 2010 Census;
Views: 1478 mynewsblog
Obama to unveil $4 trillion budget plan stocked with stimulus
 
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The White House will release a 2015 budget packed with stimulus money and an earned income tax credit. Norah O'Donnell reports.
Views: 220 CBS This Morning
Obama: More Stimulus Needed in Economy
 
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PlusObama: More Stimulus Needed in EconomyObama: More Stimulus Needed in EconomyThe Associated PressPresumptive Democratic nominee Barack Obama told economic advisers he would move 'rapidly and vigorously' to put in place new incentives to revive an economy that's losing jobs and ailing on almost every front if he wins the White House. (July 28)This video contains ONLY natural sound. No script is available.
Views: 1553 Associated Press
Mitch McConnell On Obama/Democrat Stimulus  Plan
 
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This Week. ABC News. Mitch McConnell on Obama/Democrat Stimulus Plan. Roland Burris Appointment.
Views: 481 1john519
Pelosi On Economic Stimulus Plan
 
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House Speaker Nancy Pelosi tells Maggie Rodriguez that she has confidence in the economic stimulus package. Pelosi says that it will work better than tax cuts because the government would be investing in the American people.
Views: 1593 CBS News
President Barack Obama signed into law Friday a measure tripling the budget of the $1 billion incent
 
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HEADLINE: Obama signs 'cash-for-clunkers' extension CAPTION: President Barack Obama has extended the car rebate stimulus program that proved so popular it ran out of money. (Aug. 7)) [Notes:ANCHOR VOICE] NB. THIS IS A VOICEOVER TRANSCRIPT, NOT A FULL SHOT LIST. Car shoppers are getting more time to trade in their old gas guzzling clunkers for cash. President Obama has signed into law a measure tripling the budget to $3 billion and extending the program to Labor Day, assuming the new money lasts that long. The law gives owners up to $4,500 for trading in old cars that use a lot of gas for newer, more efficient vehicles. The program has drawn big crowds to formerly deserted showrooms. On Tuesday Transportation Secretary Ray Lahood hailed the programs success. SOT: Transportation Secretary Ray Lahood "this is the one stimulus program that I believe has been the most popular. The money gets out quickly. The car purchaser gets the money in the form of a rebate. The car dealer sells automobiles. Car salemsen are flooded with people. Extraorindary way to boost the economy." In a statement President Obama said the extension means more Americans will have the chance to purchase newer, more fuel-efficient cars and the economy will continue to get a much-needed boost. Through late Tuesday, more than $775 million of the original $1 billion had been spent, accounting for the sale of nearly 185,000 new vehicles. You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/6b93c71b971e1bf1c7c006375ee49dd0 Find out more about AP Archive: http://www.aparchive.com/HowWeWork
Views: 28 AP Archive
Bush's Economic Stimulus Plan
 
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Bush's Economic Stimulus Plan
Views: 310 WPRI
Obama Pushes Economic Stimulus
 
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Barack Obama works to get his economic stimulus plan in gear as a new Congress gets seated, reports Chip Reid. Maggie Rodriguez talks to Roland Burris about his controversial appointment.
Views: 291 CBS News
Obama unveils economic stimulus plan
 
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01-09-2009
Views: 141 cctvupload
Ray Stevens - Obama Budget Plan
 
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http://www.raystevens.com https://www.facebook.com/raystevensmusic1707 Unhappy about Obama's budget? for the new album or single.
Views: 4718459 raystevensmusic
Obama Speaks Out for Stimulus to Create Jobs -- Where's John McCain?
 
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A day after Fed Chairman Ben Bernanke spoke out in favor of a second stimulus to create jobs, which Obama has pushed for months, Obama hammers the point home. OBAMA: And we had some modestly positive news yesterday of the credit market starting to loosen up again and people willing to make loans, but that was just the beginning, not the end, of our work to rebuild our struggling economy. Some of the people on this stage know this better than just about anyone. They're on the front lines dealing with the fallout from eight years of greed on Wall Street and irresponsibility in Washington, and when we spend $10 billion a month in Iraq every month that means less money to fix crumbling roads and bridges here at home. When our president passes tax breaks for multimillionaires, corporations are shipping jobs overseas, that leaves our states without the resources to provide health care and good schools and police and firefighters. Today, 21 states are facing budget shortfalls, including Florida. Governors across America are facing impossible choices. and I'm sure the governors will talk about this, cutting vital services or raising property taxes on families already struggling to stay afloat. Now, let's be clear, the financial crisis that states, businesses and families are facing didn't spring up full-blown overnight. It's been a long time coming. the warning signs have been very clear, but while President Bush and Senator McCain were ready to move heaven and earth to address the crisis on wall street, President Bush has failed so far to address the crisis on main street. Senator McCain has failed to fully acknowledge it. Instead of common sense solutions month after month they have offered little more than willful ignorance, wishful thinking, outdated ideology. In January I called for a stimulus package to provide immediate relief for states along with tax rebates to get money directly to middle class families and a foreclosure prevention homes to help them keep their homes. Yesterday the Chairman of the Federal Reserve Bank, one of the successors, acknowledged we need a stimulus package. Senator McCain, on the other hand, at that time, back in January, insisted that the fundamentals of the economy were strong. AUDIENCE: Boo! OBAMA: No, we don't need that. we just need you to vote.
Views: 5405 DemRapidResponse
Obama: How to Lower Gas Prices
 
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Barack Obama 06/25/08 (Press Conference) Short-Term Relief Agenda: 1. Send out a 2nd round of stimulus rebate checks 2. Impose a windfall profits tax on oil companies 3. Provide an average $1000 tax cut to middle class families (95% of Americans) 4. Close the Enron Loophole that allows for speculation's unregulated upward pressure on gas prices
Views: 3576 drsmarty08
Obama team pushing hard for second stimulus package
 
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The first stimulus package didn't work...so how is a second stimulus package "Change"?
Views: 596 mynewsblog
Obama proposes $75 billion stimulus plan
 
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The "goal would be to help the U.S. economy from recession". Obama is a good man and does tell the truth!
Views: 163 jimbonumber9
The Fraud of the "Stimulus Tax Rebate"
 
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You'll learn a lot about government spending from this interview with Kristina Rasmussen, Director of Government Affairs with the National Taxpayers Union. http://www.ntu.org This program discusses the Bush $150 billion "Stimulus tax rebate" which as host Howard Phillips pointed out, "On this issue, at least, George Bush has trumped George McGovern, and he is a McGovernite." Viewers may remember former Senator McGovern's (D-SD) disastrous pledge to give every American $1,000 during his 1972 race for the White House. Rob Peter to pay Paul. The only money the government has is what it took from you in taxes (or printed or borrowed from China). Various commentators have stated this is actually a stimulus for Communist China, which lends the money (buying US government bonds) which will be used by many recipients to buy Chinese goods. Kristina Rasmussen also discusses two new government websites which give some transparency to government spending: http://www.ExpectMore.gov which rates the effectiveness of government programs and agencies. She emphasizes that many of these agencies and programs are unconstitutional or should not exist, but at least there is some degree of accountability now. The other website is: http://www.USASpending.gov which lists all government grants and spending of $25,000 and more. The program also focuses on Saul Alinsky and his book "Rules for Radicals" which advocates using taxpayer funds for political activism. Both Hillary Rodham Clinton and Barrack Hussein Obama studied Alinksy's methods--search for "Saul Alinsky" and Clinton or Obama for the details. This is an edition of Conservative Roundtable, the nationally broadcast conservative television program hosted by Howard Phillips, and produced by The Conservative Caucus. Please visit our websites: http://www.ConservativeUSA.org http://www.HowardPhillips.com and http://www.NAUWarRoom.org Subscribe and share!!
Views: 3627 TCCTV
Stimulus
 
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Why Obama's stimulus plan won't work. Instead it will simply transfer more of our children's money to other economies.
Views: 366 SkepticalGSBer
Obama Unveils Program to Stem Foreclosures
 
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President Barack Obama unveiled a 75 billion dollar program Wednesday (February 18th) to prevent up to nine million U.S. homeowners from losing their homes. The Homeowner Affordability and Stability Plan includes measures to allow struggling homeowners to refinance their loans so their monthly payments are affordable.
Views: 2931 VOA News
Did Obama Cut Medicare?
 
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"Lost in the back and forth between the Obama and Romney campaigns over who's the real Medicare cutter is a critical difference between visions: President Obama's plan is to make the program solvent by reducing payments to health care providers, while Rep. Paul Ryan achieves his savings by transforming Medicare into a voucher-like system...".* The Young Turks host Cenk Uygur breaks it down. *Read more here from Sahil Kapur in TPM: http://tpmdc.talkingpointsmemo.com/2012/08/difference-between-paul-ryan-barack-obama-medicare.php Support The Young Turks by Subscribing http://bit.ly/TYTonYouTube Like Us on Facebook: Follow Us on Twitter: http://twitter.com/theyoungturks Buy TYT Merch: http://theyoungturks.spreadshirt.com/
Views: 24902 The Young Turks
House Passes Economic Stimulus Plan
 
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The House, seizing a rare moment of bipartisanship to respond to the economy's slump, passed a $146 billion aid package Tuesday by a vote of 385 to 35 that would speed rebates of $600 to $1,200 to most taxpayers. (Jan. 29)
Views: 223 Associated Press
No tax stimulus rebate yet? Delayed for a myriad of reasons
 
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The U.S. stimulus package will most likely do nothing to help the economy. Payments are being delayed or not sent in a timely manner.
Views: 191 jimbonumber9
Did the Economic Stimulus Create Jobs? The United States Economy and Employment (2008)
 
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The Economic Stimulus Act of 2008 (Pub.L. 110--185, 122 Stat. 613, enacted February 13, 2008) was an Act of Congress providing for several kinds of economic stimuli intended to boost the United States economy in 2008 and to avert a recession, or ameliorate economic conditions. The stimulus package was passed by the U.S. House of Representatives on January 29, 2008, and in a slightly different version by the U.S. Senate on February 7, 2008. The Senate version was then approved in the House the same day. It was signed into law on February 13, 2008 by President Bush with the support of both Democratic and Republican lawmakers. The law provides for tax rebates to low- and middle-income U.S. taxpayers, tax incentives to stimulate business investment, and an increase in the limits imposed on mortgages eligible for purchase by government-sponsored enterprises (e.g., Fannie Mae and Freddie Mac). The total cost of this bill was projected at $152 billion for 2008. As 2008 began, economic indicators suggested an increased risk of recession. Federal Reserve Chairman Ben Bernanke testified before Congress that quick action was needed to stimulate the economy through targeted government spending and tax incentives.[10] Congress moved rapidly to pass such legislation. The legislation was designed to stimulate spending by businesses and consumers during 2008. The hope was that the targeted individual tax rebates would boost consumer spending and that targeted tax incentives would boost business spending. Lawmakers raised the limits on conforming mortgages eligible for government insurance and GSE purchase in response to the subprime mortgage crisis. This crisis had resulted in a widespread credit crunch by late 2007. The credit crunch led to a reluctance by lenders to issue so-called jumbo mortgages for the purchase of houses that exceeded the FHA and GSE limits. The United States housing bubble had pushed house prices above those limits in many areas of the country. As interest rates rose for jumbo mortgages, fewer buyers could afford them, and house prices were being forced down toward the limits for conforming mortgages. By raising those limits, lawmakers hoped to slow or halt the decline in house prices, which threatened the financial well-being of homeowners, banks and other financial entities holding jumbo mortgages. The FHA loan limits also went up with the stimulus package on March 6. The loan limit package is called "FHA Forward." One study compared the spending patterns of households that received their stimulus payments early on with the spending of patterns of households who had not yet received their payments. The researchers found that the stimulus checks increased spending for the typical family by 3.5% when the rebate arrived, boosting overall nondurable consumption by 2.4% in the second quarter of 2008.[12] The study concludes that the rebate payments for U.S. households were an effective stimulus method by increasing disposable income despite the predictions of certain economic theories such as the permanent income hypothesis. Taxpayers who filed their returns jointly are not eligible for payment if any of the persons on the tax return filed with an Individual Taxpayer Identification Number (ITIN) instead of a social security number.[4] For example, if a family of five had one parent with an ITIN, no money is payable to any member of the family, including US citizens with valid social security numbers.[14] The rule was added after the Federation for American Immigration Reform (FAIR) lobbied the Senate for the change.[15] The amendment was proposed by Senator John Ensign of Nevada.[16] As a result, many legal resident aliens and overseas military families did not receive any payment. US citizens who did not receive payments included those who filed a joint tax return for 2007 and included an individual taxpayer identification number, or ITIN, on the document. In this case the entire family was ineligible for the economic stimulus rebate President Bush announced in 2008.[17] At least one million legal residents and tens of thousands of troops were affected by the law, which was designed to keep illegal immigrants from getting stimulus checks. http://en.wikipedia.org/wiki/Economic_Stimulus_Act_of_2008
Views: 897 The Film Archives
Obama and the Democrats Plan to Bankrupt America Can Be Stopped-TAKE YOUR MONEY BACK!
 
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Tell Obama, Reid, Pelosi and the rest of congress to SHOVE their stimulus and their tax breaks where there is no "hope" or sunshine. How can you give a tax break for 1 billion dollars when you tax the people over 1 trillion to start??? That's not a tax break that's a tax increase just 1 billion dollars short of a trillion dollars!! Don't let congress or the president BS and lie to you! IMPEACH THE IRS, IMPEACH CONGRESS, IMPEACH THE PRESIDENT! Sending our money to rich European and American billionaires isn't stimulus or a tax break in my book. IT'S THEFT! IT'S EMBEZZLEMENT! IT'S ILLEGAL! AND IMMORAL!! GIVE US OUR MONEY BACK OR KISS YOUR JOB GOODBYE! Now is the Time to Organize America throw these bastards out!! Simply put, this is economic slavery! You might ask "how do you achieve economic slavery in a free society", you simply depress the value of paper currency in order to force the people to WORK TWICE AS HARD for half the buying power. This isn't a depression or a recession, it's an elitist POWER GRAB by the federal government!!
Views: 3381 sweetbilly
Obama Talks Jobs and Home Energy Efficiency
 
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Sounding a familiar clean-energy theme, President Barack Obama on Tuesday announced details of a proposed energy rebate program he hopes will spur demand for insulation and water heaters while creating jobs for hurting Americans. (March 2)
Views: 2893 Associated Press
Economic Stimulus Package Rebate check from the IRS
 
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Not everyone will be getting the Economic Stimulus Package rebate check because not everyone qualifies and some of those that do qualify wont get the check because they simply did not file their 2007 income tax return because of they only made a little bit of income and were not required to file their income tax returns in the previous years. Here is an quick emplanation from the Wall Street Journal Report on how you can get this extra rebate check from the IRS. More information at: sccrealestateuncensored.com/2008/irs-email-phishing-scam/ micasamidinero.com/2008/fraude-reembolso-impuestos-email/
Views: 6647 MiCasaMiDinero
President Bush signed legislation on Wednesday to send $300 to $1,200 rebate checks to millions of A
 
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HEADLINE: Bush signs economic stimulus package -------------------------------------- CAPTION: President Bush signed legislation on Wednesday to send $300 to $1,200 rebate checks to millions of Americans as a 'booster shot' for the economy. Rebates are to go out beginning in May to taxpayers and low-income people. (Feb. 13) ---------------------------------------- [Notes:ANCHOR VOICE] [Notes:Signing, applause] It was a shining -- and rare -- moment of bipartisanship. But then nothing concentrates Washington minds like fear of an election-year recession. And President Bush says the stimulus plan he and Congress have agreed on is the ideal "booster shot" to prevent one. BUSH SOT: (Approx 3:15 in) "I thank the members for acting quickly. I thank 'em for acting to provide immediate tax relief the American people. " [Notes:File footage rebates -- or dollars on presses or some such] The measure's headline provision: tax rebate checks for most American families. [Notes:Street scenes] It's hoped those families will quickly turn around and SPEND the cash. MOS SOT: (JOSEPH PRATT) "i can go on vacations! (hahaha)" (LARKIN BOGAN) i'd spend it on her and buy her shoes and clothes...." (KELLY FELTHOUS)"i would start paying off my student loans i have 80 thousand dollars in student loans" Well, spending it's the idea, anyhow. [Notes:File footage housing. Detroit?] And there are yet more signs the stimulus is badly needed. Detroit has become the leading edge of America's mortgage crisis -- with new figures showing one in every 20 households in foreclosure. Another recession alarm bell? PAULSON SOT: (Approx 10:26 a.m.) "I see growth at a slower rate for a quarter or two and the housing is what we need to watch closely cause that's the biggest risk.'" FONT: Treasury Secretary Henry Paulson [Notes:Standup close] Meantime, the ink is hardly dry on THIS stimulus plan and Democrats are looking at ANOTHER one -- to include extra jobless benefits and infrastructure spending. Their election-year challenge to Republicans will be: we dare you to vote against this one. MS, The Associated Press, the White House You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/e93123bc0d484afda92fa4264ca7c872 Find out more about AP Archive: http://www.aparchive.com/HowWeWork
Views: 30 AP Archive
Obama's 29 New Programs "Won't Cost You A Dime!"
 
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Obama's 29 New Programs (like the old ones) "Won't Cost You A Single Dime!" Yes, and I still believe in the tooth fairy! Barack Obama said in his State of the Confusion address Tuesday night February 12, 2013, that nothing he was proposing in the speech would "increase our deficit by a single dime." He then proposed at least 29 new huge government programs. Wait... Obama's Proposals for 29 new government programs will not increase the deficit at all? It's a miracle! http://www.theminorityreportblog.com/2013/02/13/terry-jeffrey-obama-seeks-29-new-programs-that-somehow-wont-add-a-single-dime-to-deficit/ Yes, that's right, just like when he said your taxes won't go up one dime, or you can keep your doctor, or the price of health insurance will go down and or be cost neutral?, or "I'm focused like a laser on jobs," or the shovel ready projects that weren't... shovel ready, or let's invest in more green jobs and green technology... that went bankrupt after spending... I mean investing over $100 Billion, or cash for clunkers, or dumping another $94 billion into GM who still owes tax payers $40 billion, meanwhile the Government sold their share in stocks for half the value, or when Obama said... I will not rest until anybody who's looking for a job can find one — 57 vacation days ago and because of his policies, we've had 7% and higher unemployment for the past 4 years and 2 months! Yes, we've heard this all before! Thank God, none of Obama's new policies and programs will cost us any more money! But if non of Obama's programs have cost us any money so far (not one single dime), then how did our deficit go from this.... January 20, 2009: The National Debt Was $10,626,877,048,913.08 (When Obama Takes Office). US Treasury Department http://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo5.htm Obama's National Debt 09/30/2009 $11,909,829,003,511.75 (Trillion) http://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo5.htm Obama's National Debt 09/30/2010 $13,561,623,030,891.79 (Trillion) http://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo5.htm Obama's National Debt 09/30/2011 $14,790,340,328,557.15 (Trillion) http://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo5.htm Obama's National Debt 09/30/2012 $16,066,241,407,385.89 (Trillion) http://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo5.htm To this.....Obama's National Debt 02/12/2013 $16,528,272,560,212.19 (Trillion) www.usdebtclock.org The US Government Is Spending $10.5 (Billion) A Day or $12,000 every single second of the day or $3.6 million every 5 minutes! http://townhall.com/columnists/timphillips/2012/09/17/105_billion_per_day/page/full/ The Total US Federal Debt 02/19/2013 $58,185,455,965, 756 Trillion www.usdebtclock.org Now, aren't you glad that none of Obama's big spending programs, cost you one single dime so far? But before anyone says, that we spent more money on the Iraq and Afghan wars... think again! Obama spent more in his first year deficit, than the first seven years of both wars combined. And Obama's first failed stimulus package cost more than 9 Years of the Iraq War. http://www.thegatewaypundit.com/2011/10/flashback-obamas-failed-stimulus-cost-more-than-9-year-iraq-war/ But let's take a look at only a few things that didn't cost us one single dime, so far.... Obama's Shovel-Ready Jobs $825 Billion http://politicalvelcraft.org/2012/08/25/obamas-shovel-ready-jobs-at-only-738000-fiat-money-per-entitlement-but/ And Here's How Obama Blew $825 Billion http://www.businessinsider.com/obamas-stimulus-spending-2010-9?op=1 Cash For Clunkers: $3.5 Billion Cost American Tax Payers $24,500 Per Car http://money.cnn.com/2009/10/28/autos/clunkers_analysis/index.htm Stimulus Number 2 Economic Package To Put Americans Back To Work $447 Billion http://money.cnn.com/2011/09/08/news/economy/obama_stimulus_plan/index.htm Obama Administration Quietly Diverts $500 Million to IRS to Implement Obamacare http://thehill.com/blogs/healthwatch/health-reform-implementation/220475-white-house-has-diverted-500m-to-irs-to-implement-health-law List of Failed Obama Green Energy & Solar Companies in the Billions http://www.dividedstates.com/list-of-failed-obama-green-energy-solar-companies/ The Complete List of President Obama's Taxpayer-Backed Green Energy Failures http://blog.heritage.org/2012/10/18/president-obamas-taxpayer-backed-green-energy-failures/ And here's what's to come...Obama's Second-Term Agenda: Making Obamacare's Taxes, Spending, and Regulations Permanent http://www.forbes.com/sites/aroy/2012/10/26/obamas-second-term-agenda-making-obamacares-taxes-spending-and-regulations-permanent/ No dimes were used in the making of this list!
Views: 3587 Ambushroxx
Stimulus Checks: "What'll you do with yours?" - In The Loop
 
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In The Loop ( http://www.mpr.org/intheloop ) headed out to ask folks what they plan to do with their fabulous government tax rebate checks. Will they go out and spend the $$$ on electronics, toys, and trinkets, thus rescuing (as the theory goes) the economy? Or do they have something more mundane in mind? In The Loop is a radio show and podcast from Minnesota Public Radio. Check out some of our other videos: Barackary Clintama: http://youtube.com/watch?v=sNRKktrZEq0 Where's Captain Planet: http://youtube.com/watch?v=yUfbnXsqYJk Caucus Preparation Guide: http://youtube.com/watch?v=FLCUcKy52EQ You Gotta Go To School: http://youtube.com/watch?v=VT4S0wDVDrQ Super Tuesday Fever: http://youtube.com/watch?v=MkglWj0B-Hw Visit http://www.mpr.org/intheloop to see more join our network!
Views: 491868 MPRdotOrg
How Was It? Economic Stimulus Checks
 
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May 20th, 2008. A super random survey in Downtown Seattle. Kelly O films.
Views: 1453 strangervideo
Obama Backs Action to Fix 'Cash for Clunkers'
 
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President Barack Obama praised members of Congress from both parties for rushing to pump new money into a popular cash-purchase program that is running out of money. (July 31)
Views: 4602 Associated Press
Stimulus Check!!!!!
 
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I finnally got what the government Promised us.... Merchandise:http://www.cafepress.com/theblackspiderm
Views: 2845 Ugo Arimo
Obama's Housing Plan: Just the Facts
 
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The Obama administration kicked off a new program Wednesday that's designed to help up to 9 million borrowers stay in their homes through refinanced mortgages or loans that are modified to lower monthly payments. (March 4)
Views: 5215 Associated Press
Obama becoming new Jimmy Carter - Newt Gingrich on Stimulus
 
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No taxes for 6 months would equal $ amount in the Stimulus Package. What could be better? In tough times, you and I do not spend more money, we stop and save. The idea of no taxes for 6 months would stop income to the government BUT it prevents our taxes being used to pay for the pork filled package as it stands today. Instead of the government spending money it does NOT have (it's our future taxes) - if there was no tax for six months the American people WOULD spend money that they now DO have....... now that would be stimulus. Stand up for a better government - visit our homepage and contact us today. One by one we can change the future........
Views: 2782 TheNewPoliticalParty
Obama and the Stimulus Package of 2009
 
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A very in depth explanation of the Stimulus Package of 2009.
Views: 51 TheDarkFacts
Economic Stimulus
 
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Economic Stimulus | Economic Stimulus Act of 2008 http://economicstimulus.org/economic-stimulus-act-of-2008/ One of the main responses to the financial collapse and Great Recession of 2008 was the American Recovery and Reinvestment Act of 2009 (ARRA), better known as President Obama's stimulus plan. The debate over the law was quite contentious as Republicans, still stung by their defeat during the 2008 election used the new spending in the stimulus law to rally their conservative base. With Democrats in control of the White House and both houses of Congress the Republican opposition was no obstacle so on February 17, 2009, President Obama signed the legislation making it the first major legislation of his administration. Almost immediately the stimulus law became a political lightening rod and both parties developed their positions as far as the stimulus was concerned. Democrats played up the fact that the ARRA was passed to jump start the economy and create jobs and Republicans positioned themselves against the $800 billion added to the national debt and used the stimulus as a rallying cry headed into the 2012 midterms. The primary objective of the ARRA was to save and create jobs immediately at a time when the US economy was losing over 700,000 jobs per month. A secondary goal was to invest in programs that had gone unfunded like infrastructure, green energy, health and education. Specifically, the Act included increased spending for infrastructure projects, education, health, and energy. It also included federal tax incentives, an expansion of unemployment benefits and other social welfare programs. Since we are talking about Congress the Act also included many spending programs that were more long term and had very little to do with immediate jobs growth. The ARRA was based on the Keynesian economic principles that most Democrats subscribe to. This economic philosophy says that in times of recession or other economic peril it is the governments job to spend money to make up for the lack of spending in the private sector. When the government does this the increased federal spending keeps the economy going until the private sector can get back on its feet. The philosophy even goes as far as saying that the government should make work with the famous story that the government should hire workers to dig a hole and then hire them to fill it up again just to generate economic activity. Some very liberal economists actually complained that the Act was not Keynesian enough and didn't spend enough money to make a difference. When the bill passed Congress and was signed by the President it immediately went into effect. The cost of the Act included both new spending and the cost of tax cuts and breaks. On the spending side, the Act cost roughly $550 billion with most of the money going to new infrastructure (what President Obama called "shovel-ready" jobs), aid to low income individuals and the unemployed. Education spending including the No Child Left Behind program, energy incentives like subsidizes for homeowners who weatherized their homes and healthcare, especially an infusion of money into the COBRA program for unemployed Americans. On the tax side there were numerous new tax credits, a $250 payout to Social Security recipients, expanded earned income tax credits, college tuitions credits, homebuyer credits, home energy credits and expanded child credits. The total cost of the tax adjustments was roughly $250 billion. The long term impact of the stimulus is hard to determine. The President argues it saved the country from another Great Depression while Republicans argue it added almost a trillion dollars to the deficit and unemployment still hovers near 8% meaning that if the main goal of the stimulus was to save and create jobs it was a failure. Politically both sides continue to use the stimulus against each other and the fact that it's impact is hard to determine means that both sides have an argument to make. Economic Stimulus | Economic Stimulus Act of 2008 http://economicstimulus.org/economic-stimulus-act-of-2008/ http://youtu.be/W6dnyMAn1EU
Views: 355 EconomicStimulus2
Bill Beach on Pros and Cons of an Economic Stimulus Package
 
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Rep. Baron Hill (D-Ind.) asks Bill Beach, director of the Center for Data Analysis at The Heritage Foundation, about the pros and cons of an economic stimulus package. Beach testified on Jan. 16, 2008, before the Joint Economic Committee of Congress. http://blog.heritage.org/2008/01/16/what-should-congress-do-to-avoid-a-recession/