Economic stimulus money will reach nearly all

[babylonsister]

Economic stimulus money will reach nearly all

The $787 billion will work its way through the economy in stages. Some will benefit almost immediately.

By James Oliphant and Janet Hook
February 14, 2009


Reporting from Washington -- With the House of Representatives and Senate giving final approval to the massive stimulus bill Friday, and President Obama prepared to sign it early next week, the question now is: Just how soon might Americans begin to feel its benefits, and when will they know whether it's working?

The scale of the legislation is so huge and its provisions so diverse that its effects could potentially be felt in almost every corner of American society -- from small businesses and major industries to individuals in their varied roles as workers, taxpayers and consumers.

Like a time-release capsule, the $787-billion plan will move into the nation's economic bloodstream in stages. A majority of Americans should see more money in their pockets quickly, as a result of tax cuts designed to reduce withholding and fatten take-home pay. Investments in science, basic research and the so-called green economy may not yield sizable benefits for years, even decades.

The Congressional Budget Office said the legislation would deliver its largest benefits to the nation's total gross domestic product by the end of this year, with the effect dropping some in 2010 and disappearing altogether by 2013.

The budget office said the bill would have its greatest effect in terms of increasing employment next year, when about 3.6 million jobs could be created. But the report added that the package could have a positive effect on employment for the next five years, perhaps leading to the creation of as many as 11.6 million jobs during that span.

more...

http://www.latimes.com/news/nationworld/nation/la-na-stimulus-vote14-2009feb14,0,453192.story

[.... callchet ....]

1. Is there any information on how much per hour the

new 3.6 million jobs will pay ?

[babylonsister]

2. I guess that would depend on the job, wouldn't it. nt

[.... callchet ....]

3. I don;t know, that is why I am asking.

I think I remember the term good paying jobs. I was wondering if there is a dollar figure associated with good paying jobs ? There must be a cost assigned to creating the jobs. Is there a minimum pay scale associated with the jobs? I am looking now.

[Kip Humphrey]

4. Hard to argue against this: boosting confidence among the populous and staging spending to minimize

inflationary effects with longer term positive employment and productivity effects that are bound to offset those inflationary pressures. As EVERYONE begins to feel its impact, general confidence will likely improve. Look for improvement in positive outlook for our country.

As near perfect as one can expect from our political institutions, I predict more & more (than reported so far), the lockstep Reichwing Republican House & Senate members will brag on the stimulus package. Thank you, Obama!

[babylonsister]

5. The rethugs are already bragging; unseemly, considering

their lack of support. No, pretty disgusting...

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=389&topic_id=5048619&mesg_id=5048619

[ClayZ]

6. K and R

Thanks!