Debt Relief & Management

Posts Tagged ‘AIG’

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We have basically just printed one trillion dollars over night, is that not crazy? I’ve heard the FED Chair Ben Bernanke talk about this before, about how they will start raising interest rates just as, or before the economy starts getting better so as to keep inflation under control. I would say that are going to need some perfect timing. And like Glenn Beck said, I hope that they succeed for all of our sakes.

But now, a little bit about us, the people. What can I say about the American people, except that, they get what they deserve. When you elect a bunch of losers to government, and then you get losing policies that end up destroying your country, well then, you got what you deserved.

I beg you all to work for, and get a truly free primary system like Washington State got last year, and then start up an organization to inform the people how to use it to their advantage.

We need to get these people out in the primary, because in this way you can vote for a republican, or a democrat, and yet you will be voting for a new person, one who is not corrupted by the system yet. It is only in this way that we the people and not the political parties, will control the elections. Research it, and you will find that I am right, that this is the only way to change our government for the better, short of a Revolution.
jbranstetter04

Fed to pump nearly $1.2 trillion into the financial system

WASHINGTON — The Federal Reserve made it clear Wednesday that it will do whatever it takes to end the worst U.S. downturn since the Great Depression, announcing new plans to pump nearly $1.2 trillion into the financial system, including a historic commitment to buy up to $300 billion in longer-term Treasury securities.
As part of its unexpectedly aggressive plan, the Fed also committed to hold a key interest rate essentially at zero “for an extended period” and to buy up to another $850 billion in mortgage-backed securities and debt. The actions could quickly translate into lower borrowing costs for home buyers, homeowners and businesses — and that, in turn, could help get the stalled economy moving again.
The Dow Jones industrial average surged 91 points, to 7487, on news of the Fed’s actions. Interest rates on Treasuries plummeted, with 10-year notes posting the biggest one-day move in nearly 50 years. The U.S. dollar sank against other currencies, however, as traders worried about the long-term implications of the policies, including possible inflation.
Nevertheless, most experts applauded the Fed. “When you have a forest fire, gradualism is not a good idea,” said Richard Hoey, chief economist at Dreyfus. “The aggressiveness of the Fed’s action is consistent with the view that they understand the risks and have the power to act. This is not Hamlet deciding what to do.”
Fed actions
What the Fed will do:
•Buy up to $300 billion in longer-term Treasury securities during the next six months. The move, which follows similar efforts in Britain and Japan, is designed to bring down longer-term interest rates that influence business and consumer borrowing.
•Buy up to another $750 billion in mortgage-backed securities issued by mortgage-finance giants Fannie Mae and Freddie Mac, which are in government conservatorship. The Fed has already committed to buy $500 billion in mortgage-backed securities, bringing planned purchases to $1.25 trillion. The Fed will also double the amount of Fannie and Freddie debt it plans to buy to $200 billion. The move is significant, given that Fannie and Freddie now back about 70% of home mortgages made in this country. About $1.4 trillion in mortgages were issued last year.
•Possibly expand the range of collateral the Fed will accept under a recently launched program to spur student loan, auto, credit card, small business, commercial real estate and other lending. The Fed and Treasury Department have said that they hope to eventually spur up to $1 trillion in lending under the so-called Term et-Backed Loan Facility.
The Fed’s medicine worked almost immediately. The 10-year Treasury bond yield dropped 0.51 of a percentage point, to 2.50%, a plunge that left money managers stunned. “It’s the biggest one-day move in my career, and I started in 1978,” says Bob Auwaerter, bond manager at the Vanguard Group. The bellwether note’s yield fell the most since 1962, according to Bloomberg News.
That could prompt what analysts expect will be the biggest…
http://www.usatoday.com/money/economy/2009-03-18-fed-interest-rates_N.htm

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Click more info http://www.NelsonIdeas.com http://www.PartyTentCity.com Stimulus Thoughts by Bob Click http://www.youtube.com:80/watch?v=7k5CV4OVAIk I would suggest you use your Stimulus Package to Jump Start The Economy and Create more manufacturing jobs. Just spend your check at Wal-Mart where you can get most everything made in China. By spending your stimulus package you will keep the economy in the USA growing. It will help get the get the USA out of trillions of dollars of debt. It will keep the USA from going into a depression with the rest of the world. Have you seen the movie I.O.U.S.A. It is a real mind opener.
I am really getting excited about getting my stimulus package.
I will take my USA check down to Wal-Mart.
I will buy as many things as possible, even if they are all made in China.
This will create manufacturing jobs for the people who make the products
I buy.
This will help jump start the USA economy.
It will help cut our national debt.
I want to help to get the USA economy going and create more jobs.
What are you going to do with your stimulus package?
Comment below.
Brian Nelson, Houston, Texas 713-467-3025.

Economic Stimulus Act of 2008 and Section 179
In order to address concerns regarding a slowing economy, President Bush asked Congress to come up with an Economic Stimulus Plan that will benefit both consumers and businesses, and Congress responded with a comprehensive economic stimulus package.
On February 13, 2008, President Bush signed H.R. 5140, otherwise known as the Economic Stimulus Act of 2008. The Economic Stimulus Act immediately grabbed headlines because most Americans would receive a check for $600 from Uncle Sam. While the Economic Stimulus Act is a boon for consumers, there are significant benefits in the Economic Stimulus Act for businesses as well.
In fact, Small Business stands to benefit a great deal from the Economic Stimulus Act of 2008. This is because the Section 179 Deduction limits have been generously increased, and small businesses across the country will reap the rewards.
How your business will benefit from the Economic Stimulus Act of 2008
The Section 179 Deduction has been significantly enhanced by the Economic Stimulus Act of 2008, and has given businesses an incentive to invest in themselves by purchasing or leasing new equipment.

The specific impact the Economic Stimulus Act has had on the Section 179 deduction is related to the dollar limits of the deduction. The previous dollar limits were a $125,000 limit on the deduction and the total amount of equipment purchased could not exceed $500,000. The Economic Stimulus Act raise these limits significantly. The new deduction limits are $250,000 on the deduction, and the total amount of equipment purchased cannot exceed $800,000.

To recap the new limits:
2007 Deduction Limit: $125,000
2008 Deduction Limit: $250,000
2007 Total Amount of Equipment: $500,000
(deduction decreases dollar for dollar after reached)
2008 Total Amount of Equipment: $800,000
(deduction decreases dollar for dollar after reached)

Bonus Deduction
Another change that the Economic Stimulus Act of 2008 brings to Section 179 is it offers a one-time bonus first year depreciation of 50% on qualifying equipment. This is after the above deduction limit is reached.

In other words, if you buy enough equipment to exceed the $250,000 deduction, you can take a bonus 50% depreciation on the rest this is in addition to normal depreciation

Everyone Benefits
Most small and medium-size businesses will find these new dollar limits generous indeed. The Economic Stimulus Act is going to help consumers, and it will also significantly help most small businesses as well by lowering the cost of equipment that they need to purchase or lease to run their day-to-day operations. The Great Depression was a worldwide economic downturn starting in most places in 1929 and ending at different times in the 1930s or early 1940s for different countries. It was the largest and most important economic depression in modern history, and is used in the 21st century as an example of how far the world’s economy can fall[] The Great Depression originated in the United States; historians most often use as a starting date the stock market crash on October 29, 1929, known as Black Thursday. The end of the depression in the U.S is ociated with the onset of the war economy of World War II, beginning around 1939.
The depression had devastating effects in virtually every country, rich or poor. International trade plunged by half to two-thirds, as did personal incomes, tax revenues, prices, and profits. Cities all around the world were hit hard, especially those dependent on heavy industry. Construction was virtually halted in many countries. Farming and rural areas suffered as crop prices fell by roughly 60 percent.

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