As part of the Economic Stimulus package, the American Recovery and Reinvestment Act of 2009 modifies and extends federal tax credits for eligible building components that improve energy efficiency.
Just a few companies rehiring as a direct result of the Obama Stimulus Plan
· Andersen® windows and patio doors rehires 180 employees…
· Simonton Windows Rehires More Than 100 Employees…
· Caterpillar's to rehire some laid-off workers…
For information about tax credits for homebuilders for new construction in 2009, please refer to the following IRS website: http://www.irs.gov/newsroom/article/0,,id=154658,00.html.
In addition, Budget-challenged police departments, some of which have had to layoff officers as the economy went deeper into recession over the past year, have a new financial rebirth through a federal stimulus program that will help departments hire and retain officers or rehire those who have been laid off. The government is accepting applications for its Hiring Recovery Program, part of the $787 billion stimulus package signed into law last month by President Obama. The program makes available $1 billion for police departments across the country. The Obama administration projects it will create or save 5,500 law enforcement jobs.
Left of Center
Thursday, April 2, 2009
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3 comments:
THE OBAMA STYMULUS PACKAGE WILL WORK - IT'S JUST A MATTER OF TIME. PATIENCE IS A TOOL WE MUST PUT INTO ACTION. AFTER ALL, IT TOOK US 8 YEARS TO GET WHERE WE ARE TODAY!
Let’s keep things in perspective. In January unemployment was at 7.6 percent. In February it was at 8.1 percent. By March we were up to 8.5 percent. The following statement is a quote from the federal bureau of labor statistics
http://www.bls.gov/news.release/empsit.nr0.htm
“In March, the number of unemployed persons increased by 694,000 to 13.2 mil-
lion, and the unemployment rate rose to 8.5 percent. Over the past 12 months,
the number of unemployed persons has grown by about 5.3 million, and the unem-
ployment rate has risen by 3.4 percentage points. Half of the increase in both
the number of unemployed and the unemployment rate occurred in the last 4 months.
(See table A-1.)
The unemployment rates continued to trend upward in March for adult men (8.8
percent), adult women (7.0 percent), whites (7.9 percent), and Hispanics (11.4
percent). The jobless rates for blacks (13.3 percent) and teenagers (21.7 per-
cent) were little changed over the month. The unemployment rate for Asians was
6.4 percent in March, not seasonally adjusted, up from 3.6 percent a year earlier.
(See tables A-1, A-2, and A-3.)”
If he changes that trend, then it will be time to celebrate. Right now it looks as if we have paid and awful lot for those few hundred jobs. Imagine how big the stimulus will have to be to cover the entire 13.2 million unemployed.
Once the snowball is ¾ down the hill, you can’t then blame the last ¼ of the hill for the size of the snowball. Let us not forget, the economic decline and title wave of job loss is a direct result of America taking its eye off the ball during the last eight years. A 1.2 Trillion dollar deficit, a war under false pretenses, subprime mortgages and predatory lending, unregulated investment companies and corporate greed. The current Presidential administration was dealt a very bad hand, but has made great strides towards recovery. It took eight years to get into this mess, and it will take some time to get out. Albeit small steps, the recovery process has begun. If we could only get some bi-partisan support, and stop the political posturing for the 2012 elections, we might be able to come together as a country and expedite our recovery. I understand the core principles that forever divide us by party lines, but our current economic crisis, and the solutions for our upturn, is bigger than party politics. Pretty soon the American people will grow weary of “Just say No”, and began to demand “Yes We Can”. There are many statistics offered to define the problem, but too often a reticent response for alternative plans and strategies for recuperation. The last ¼ of the hill the snowball will get bigger before it comes to a rest and thaw slowly diminishes its mass, but a thaw is coming. The Recovery Plan is an “Investment in America”, not a onetime give away. There is an expected Return on Investment.
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