STIMULUS to United States

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By R.Rinold Miranda

ROADMAP:

ROADMAP Economic Stimulus Package Bush’s stimulus meal…….. Barack’s stimulus meal…….. Mortgage Stimulus Packages State wise share Graphical view of stimulus Bailout packages…….. Impact-American Jobs… Bloody Monday Did stimulus packages worked..?

Economic Stimulus means……:

Economic Stimulus means…… An economic stimulus, ideally, is an investment designed to jumpstart something – more jobs, more consumer confidence, more investment, more growth.

BUSH’s STIMULUS MEAL……..:

BUSH’s STIMULUS MEAL…….. $ 29 billion to bail out Bear Stearns $178 billion to American taxpayers in the form of economic stimulus checks $300 billion to bail out American homeowners $200 billion to bail out Fannie Mae and Freddie Mac $150 billion to bailout AIG $700 billion to bail out banks (TARP).

BARACK’s STIMULUS MEAL……..:

BARACK’s STIMULUS MEAL…….. $ 787 Billion Obama Stimulus-job creation and tax cut package Feb 09-$787 billion-1,071 pages $ 288 billion – tax relief $144 billion – state and local municipalities $111 billion – infrastructure and science $81 billion – poor and unemployed $59 billion – health care $53 billion – education and training $43 billion – energy $8 billion – other $1 Trillion Stimulus-Toxic assets purchase program-for banks-march 09

Mortgage Stimulus Packages:

Mortgage Stimulus Packages $500 billion was committed in 2008 by the Bush Administration Obama Administration chipped in another $275 billion in early 2009 the $1 trillion that was designated for buying up toxic assets

STATE WISE SHARE OF $787bn:

STATE WISE SHARE OF $787bn Alabama $7.7 Alaska $1.5 Arizona $10.3 Arkansas $4.8 California $64.7 Colorado $7.2 Connecticut $6.9 Delaware $1.6 Florida $28.3 Georgia $15.8 Hawaii $2.2 Idaho $2.5 Illinois $22.7 Iowa $4.9 Indianapolis $11.1 Kansas $4.4 Kentucky $7.2 Louisiana $7.7 Maine $2.5 Maryland $9.5 Massachusetts $12.1 Michigan $18.4 Minnesota $9.3 Mississippi $5.1 Missouri $10.3 Montana $ 1.7 Nebraska $2.9 New Hampshire $2.1 New Jersey $17.5 New Mexico $3.4 New York $42.5 Nevada $4.0 North Carolina $16.1 North Dakota $1.3 Ohio $20.1 Oklahoma $5.8 Oregon $6.5 Pennsylvania $22.9 Rhode Island $ 2.4 South Carolina $7.7 South Dakota $1.4 Tennessee $10.3 Texas $37.3 Utah $3.8 Vermont $1.3 Virginia $11.9 Washington $10.4 Washington, D.C. $1.5 West Virginia $3.1 Wisconsin $9.1 Wyoming $1.0

Bailout packages……..:

Bailout packages…….. Automakers $25 billion in low-interest loans to General Motors, Ford, and Chrysler $22 billion in low-interest loans to General Motors, Chrysler $30 billion to help General Motors steer through bankruptcy Total: $77 billion Bear Stearns – Investment Bank And Brokerage Firm $29 billion in guarantees – 2008 AIG – Insurance Company $60 billion loan – September 2008 $40 billion purchase of preferred shares – September 2008 $25 billion in purchase of toxic assets – October 2008 $25 billion loan (credit limit raised to $85 billion total) – October 2008 $30 billion loan – 2009 Total: $180 billion Fannie Mae/Freddie Mac – Mortgage Companies $300 billion – 2008 $200 billion – 2009 Total: $500 billion

Impact-American Jobs…:

Impact- American Jobs… For 2008… January 2008 76,000 February 2008 76,000 March 2008 80,000 April 2008 20,000 May 2008 62,000 June 2008 62,000 July 2008 51,000 August 2008 84,000 September 2008 284,000 October 2008 240,000 November 2008 533,000 December 2008 524,000 For 2009… January 2009 650,000 February 2009 651,000 March 2009 663,000 April 2009 539,000 May 2009 345,000 June 2009 467,000 July 2009 247,000

BLOODY MONDAY:

BLOODY MONDAY Jan 26,2009 Job Cut -64,500 Companies are… Caterpillar Pfizer Sprint Nextel Home Depot Texas Instruments ING , and Deere & Co . Total no. of job loss 13mn

Did stimulus packages worked..?:

Did stimulus packages worked..? Bear stream-JP morgan chase-$29 bn -worked Economic stimulus check 08-$178bn-not spent well $300 bn –hope for homeowners - july 08 $200 bn - fannie Mae and Freddie Mac-worked $50 bn –money market-worked $150 bn doled out to AIG-worked little bit $25 bn to Big 3 automakers.. Chrysler Ford GM The $700 bn bank bailout-TARP- OCT 08-not worked well $787bn for toxic assets in 09 –still in process

Resent news……:

Resent news…… Bailout packages are recovering Citibank hikes and salaries – stopped by OBAMA FDIC is still in danger Different banks are being closed by FDIC Regulation are made more stringent

What’s next……?:

What’s next……? What’s next when it comes to economic stimulus packages? Will we find out too late, again, that we didn’t put enough provisions on the stimulus packages we’ve already doled out? Will another American company be deemed “too big to fail” and need public assistance? Will the trillions of dollars in promised economics stimulus funds begin to work their way into the American economy? Will the Obama administration be able to ramp up quickly and distribute funds to states, counties, cities, and towns in time to avert another Great Depression?

Continues……..:

Continues…….. Will job losses continue or these stimulus packages will settle them out? Will trillions more need to be borrowed and printed to completely flush the toxic assets from banks? Will the stock market settle down or will it continue to show unprecedented volatility and a steady downward slump? Will the global financial community band together to solve this worldwide crisis or allow America to flounder unaided?

Conclusion……………..:

Conclusion…………….. “ A crisis is an opportunity riding the dangerous wind” “When written in Chinese, the word " crisis " is composed of two characters-one represents danger , and the other represents opportunity .” “Thank Heaven! The crisis /The danger is past, and the lingering illness, is over at last /, and the fever called ''Living'' is conquered at last.”

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