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Showing posts with the label stimulus

Banks "RIPPING OFF" unemployeed workers ???

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This is Amazing - on one hand they say they need money [ the banks ] from the government [ really the tax payers ] to survive and they promise to help with the struggling economy and they start imposing fees on unemployeed people who are collecting unemployement ??? What the heck is going on - Read the article below - blew my mind... Hey - Whats Obama Doing ?? Jobless hit with bank fees on benefits By CHRISTOPHER LEONARD AP Business Writer The Associated Press Friday, February 20, 2009 12:25 AM EST For hundreds of thousands of workers losing their jobs during the recession, there's a new twist to their financial pain: Even as they're collecting unemployment benefits, they're paying bank fees just to get access to their money. Thirty states have struck such deals with banks that include Citigroup Inc., Bank of America Corp., JP Morgan Chase and US Bancorp, an Associated Press review of the agreements found. All the programs carry fees, and in several states the unemployed ha

Obama, Stimulus and Stupid???

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Obama, Stimulus and Stupid ? I was watching the news today and heard the most stupidest idea ever to come from Washington. A plan lead by Obama and supported by most of congress to Bring back the welfare system. Well ok, they don’t call it welfare - but what else is it. A monthly check to the poor is simply just that - a welfare system. A program that is made to actually keep most people in poverty - that’s right you heard me - in poverty. Maybe this is a way to pay back all his voters who wanted change - but apparently just want the same old sh*t we had before that did not work. How do I know - I was a child in the welfare system and I remember very well the nonsense and the mentality that this system created. Welfare never gave you enough money to barely survive on and for any little thing you were penalized. Take for instance the time my mother tried saving $1,000 dollars in the bank. The welfare program cut her off because she actually saved money - told her she had to spend that m

Govnt stimulus not free money......but yours

Do you know what the economic stimulus really is? You know - That so called money the Gov’nt is giving you... I was talking with my tax people -HR Block guy and the stimulus package came up. He informed me that most people don't realize that - that money they will give you in July - is an advance on your tax rebate next year. So what the government is doing is basically giving you the money you would get at the end of the year - in July. What happens is, people don't realize that it's not free money and when the end of the year comes they get mad when they find out that the usual amount they get every year will be less due to the money they gave you early this year in advance. What burns me, is that they don't tell this to the people and just say - here is money go spend it so the economy [ mostly the rich ] wont collapse. So while people think it’s free money in truth it's not - you better not be counting on your tax refund to bail you out of any year end debts bec

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