Hot70Mach1

the recession of 2001 was in effect before bush got in office and it was much worse than right now.

we glossed over it because of 9/11.

but that recesssion is directly related to democratic controlled congress and democratic controlled white house.


btw we arent in a recession yet


and dont advise people to save. thats not going to help the economy. that helps the indivdual. which destroys the economy and destroys the individual.

the problem is spending money you dont have

true it was from people with no credit getting huge houses an dcars they cannont really afford.

but whats putting us in a recession is now that the morgatge crisis is upon us people are scared and saving money.


which pulls money out of circulation and causes recesion which increases unemployment. and combined with high gas prices increases inflation which will cause stagflation.

high school economics. ftw.

Adrenolin

As honeygoldcoupe stated.. you do not have to report it on your 08 return. I just received our notice today and in the first paragraph it states the following:
I'm looking at the Eaton Detroit Locker 912A580 myself

baddog671

For all those that are going to buy mustang parts, I emplore you to check where they are made. USA made FTW!

It's a shame that some of the Mustangs today are physically turning into Chinese classics...

TripleHmotosports

No The US Goverment is putting us in Debt and Recession. We as Americans are losing our jobs by the Thousands and the Goverment does nothing but profit off of this. The Highest Grossing Goverment Entity is The US Customs. Everytime a product is imported into the US they have to pay a Duty (tax) on the Commodity coming in. This countries are limited to amounts that can be brought into the US, but if the go over that amount they just pay a higher percentage. So we are losing jobs to other countries that use cheap labor to build the product. Take the automobile or any other product that use to be made in Amercia, that item is now being built in Mexico, China or Japan. Did the end user price go down? No if anything the price went up and the companies have made higher profit margins. The only ones that are investing in the US are Foriegn Companies. Look at the last Automotive manufacturing plants that have been built in the US there are all Foriegn Cars. (Honda,Nissan and Toyota.) If the Foriegn companies can do why can't the American companies do it? The last plant FORD built was in Brazil it is a Multi Billion Dollar State of The Art Plant full of cheap labor. What was once our biggest employer's Manufacturing is now a past time, the US is becoming a Warehousing industry. As Far as Goverment Stimulus Checks They Cut These Checks every month it is called WELFARE. If the Goverment wants to be fair then they should send out checks every month from ALL THE PRODUCTS that are imported into the US form the Jobs we have lost.......

rbrown22

Mines going for new wheels.. ... or I might support single moms at the strip club..

Waffles

The point of this stimulus is to SPEND that money. Saving only goes so far anyway. People learned that the hard way in the GREAT DEPRESSION.

And don't tell Americans what they need to do when you're not even in this Country. You mention the habit of spending what you don't have has put the WORLD into depression... fine. Then don't point your finger at the US when making a statement that applies to the WORLD. I could say something about Japan torturing US POWs in WWII, and MITSUBISHI forcing US POWs to work as slave labor in their factories during the war, but I won't step off your high horse. Asia is not perfect, and without the US to buy all your crap, your economy would fail. Want us to save and not spend? Find another country to sponsor your low wage factory jobs, and then come back with an argument about us saving.

So... YOU ARE WELCOME.

And I get tired of people blaming bush. Pull that **** for Iraq, if you must, but Clinton had this economy in a downward spiral when he was leaving office. Clinton stepped into a booming economy, thanks to Sr., and when he left things were on a serious fall from Grace. People like to blame Bush for the problems with the economy, and while certain things can be attributed to his administration, but this was on it way when he stepped up, and 9/11 Didn't help.

As for people still saying their accountants are saying it's coming out of next years taxes... Read the original post. Thats what this thread is ABOUT.

rmodel65

yeah, the economic problems during ones presidency are largely in part due to the prior president, most people dont know that.

Iskwezm

Your stimulus payment is a one-time tax cut - an advance on a credit you'll receive on your 2008 return. You will not owe tax on your payment when you file your 2008 tax return, and it will not increase the amount you owe or reduce your 2008 refund.
The stimulus payment is based on your 2007 income initially. If it turns out that your 2008 income and number of children would have qualified you for a larger rebate than the one you received, you'll be sent the difference. If it turns out your 2008 income was lower than in 2007 and you should have gotten a lower rebate, you get to keep the difference.
"If you were supposed to receive a larger payment than you did, you will get the extra money," said Treasury spokesman Andrew DeSouza. "If you received more than what you should have gotten, you will not be penalized."

Derf00

Apple processors are intel, US made, where the heck do you get Japan?? China or Mexico more like it.
Ford Mustang is built in MEXICO

The reason there is a deficit and a recession is that the government has OVERspent on stupid stuff like subsidizes of certain industries like Corn where they pay farmers not to grow corn or to start growing corn so they can push their Ethanol directives. The government controls the price of corn...PERIOD. That's one example.

Foreign trade as in a HUGE (MULTI-BILLION dollar trade deficit EVERY year)...good god the government is a bunch of idiots. Why do you think our stuff is so expensive oversease (like cars that get shipped to China or Japan) It has nothing to do with "their government restrictions on pollution" that's our government PR mill. It has to do with the fact they are allowed to tax the begeezus out of our US made productsto the point the foreign consumer does not want to purchase american made because it costs so much more that without any significant benefits. In turn we give them tax breaksor don't even bother to charge them for shipping their stuff to us which makes our US stuff seem hella expensive..why? Because wedemand $15-20 an hour to live even remotely decent as far as the average consumer is concerned.

Where do you think our government got the billions of dollars for the tax stimulus? Credit Card, as in a temporary loan from China against our trade deficit with them. What do you think it's going to cost our government (meaning you and I the consumer) to pay it back? Lower import taxes to China to ship their crap here. What do you think that's going to do to our US dollar overseas and our domestic prices? You got it, weaker dollar, our shiz goes up in price, china's crap stays cheap and wally world keeps bringing in billions of dollars all the while paying it's employees squat.

[sm=rant.gif]

MonsterB

okay here is me 2cents. turn off the TV, only listen to music on the radio, stop reading the paper and the rag mags, and get back to work. if you go about your day and work hard, save money where you can and spend money on the things that matter you will be fine. if you can park the everyday ride in the afternoons and save the fuel for burnin' the stang tires you will be one step ahead.

a famous man once said "this too shall pass"

my dad was born in 1921 and they had it a whole lot worse than we did. maybe this will be a wake up call to all the other 30 year olds like me. finaally we will get our shiat together and prepare for our futures.

BTW i spent $175 today to fill up the dodge. $4.29 for #2 diesel