Wednesday, January 17, 2018

President Barack Obama outlined the economic stimulus package during his 2008 campaign. Congress approved the $787 billion American Recovery and Reinvestment Act in February 2009.

787 Billion in public money, earned by the taxpayers by their own hard work.  It was generally thought that this stimulus was minimally to moderately effective.

However, recently Congress and the President sliced corporate tax rates, and the results were immediate.

Over the last year, we learned that due to the Republican tax cuts, Apple will bring back to the US 350 billion dollars for reinvestment.

Boeing will reinvest 300 million.


AT&T was the first company to go public with its plans to pass along coming tax savings to workers, saying it would pay a special $1,000 bonus to more than 200,000 of its non-management workers. Front-line managers, the company said, will also be included in the bonus pool. The telecom giant also confirmed it would invest $1 billion more in the U.S. in 2018.

Comcast announced that it would award one-time $1,000 bonuses to more than 100,000 employees, which would include frontline and non-executive employees.

Wells Fargo said it will boost its minimum wage to $15 an hour, as well as donate $400 million to nonprofit and community organizations. 

Which stimulus do you think will be more effective over the next four years in stimulating the economy?


4 comments:

  1. Barack dumped US$ 800 million into a black hole of Democrat graft and we never saw it again and never saw a bump in the stock market.

    The DJI hit 26000 again today (up 300 points) as President Trump works to reverse 8 miserable years of ObamaNation and works with America to make the nation great again. What a difference a leader makes. #MAGA

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  2. butbutbut Nancy Pelosi said every dollar given away in food stamps returns a $1.45 to the economy. So obviously let's ramp up them EBTs!!

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