Archive for the 'Economic Stimulus Package' category

Obama’s real life Solution to soaring Gas Prices

Today, Sen. Barack Obama offered a real life solution to Americans in response to the sky-rocketing gas prices.  Yesterday, Exxon Mobil posted record profits.  The oil company actually made history when it reported the highest profits earned by a corporation……EVER!!!!   $12 BILLION to be exact!!!  That is obscene considering the state of our economy and the prices consumers are paying at the pump.  Therefore, instead of waiting twenty years to receive a benefit  from off-shore drilling which Obama now supports in a limited way, Sen. Obama also proposes giving the American people a $1,000 emergency energy rebate check, and we pay for it………..with a windfall profit tax to be applied to the oil companies.  Impressive.  The fact that he has a real people solution, and a way to pay for it will go a long way towards putting gas money back in the pockets of consumers.  To be clear, it is in the spirit of compromise that Obama supports a limited amount of off-shore drilling. if the republicans will also comprimise and approve his oil company windfall profit tax proposal that will give Americans real, immediate, relief.   No gimmick, but a practical, plausible, immediate solution that offers real-time relief from the high price of gas and has the added benefit of being fiscally responsible.  Judgment and Leadership.  

House approves $146 billion dollar Economic Stimulus Package!

Expect your refund checks in the mail.  Many believe that this may be too little too late.  However, I wonder if the government expects many of us to spend the refund check long before we receive it in the mail. Therefore, the effect of the Stimulus Package will be felt immediately or at least much sooner than the media is predicting.  The bill is now expected to go the Senate for it’s approval tomorrow.  The Senate has hinted that it may have issues with the current version of the bill.