2010 Stimulus Check & 2009 Stimulus Check

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Economy is slowing down in second quarter 2010

Monday, August 2nd, 2010

There is a new report coming out of Washington showing the economy in the United States is slowing down compared to where it was a year ago.   The economy is even slowing down from the first quarter of this year.  This recent slowdown in the economy shows how the fragile the economic turnaround is and how it is unlikely to be providing many new jobs in the coming months.

The growth percentage in the 2nd quarter in 2010 was 2.4% and 3.7% growth in the first quarter.  Both numbers were down from the 4th quarter in 2009 of 3.7%.  This data suggests a deeper recession then any other data previously suggested.

Many analysts have attributed the downturn to the housing tax credit expiring, as well as the lack of stimulus checks and other stimulus style benefits that were helping the economy rebound.  There are economics that are suggesting another round of stimulus checks would be key to helping in the recovery of the recent downturn.

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Stimulus Plan

Thursday, June 3rd, 2010

The stimulus plan that President Obama signed into law last year with the large stimulus package was a stimulus plan that was designed to stimulate the economy to keep businesses moving.  There was large amounts of money set aside as tax breaks for those employed, and additional funds for those retired or not working.

There were also plans to allocate funds for roads and other projects.  By supplying funds for roads it helps employee people to repave the roads, roads which were long over due for maintenance.

Even all of the bailouts of large companies such as AIG and others could be seen as part of the stimulus plan.  Keeping large companies from folding kept thousands of Americans employed.

For many of those, the stimulus plan was a success in many ways.  For others, they are still wondering why there weren’t getting more stimulus checks in the mail.

Posted in 2009 Stimulus Check, 2010 stimulus check, Second Stimulus Check, Stimulus, Stimulus Check | 3 Responses »

Where is My Stimulus Check?

Saturday, May 8th, 2010

If you are wondering the same thing as many American’s are, you are thinking. “Where is My Stimulus Check?” If you are thinking that, you aren’t alone.  After the 2009 stimulus check that sent $250 checks to millions of retired Americans or the 2008 stimulus check that sent checks to every man woman and child in America.  It can be easy to think or wonder, where is the stimulus check in 2010?

The short answer, is that there is currently no 2010 stimulus check.  There have been talks, but no checks. no stimulus money will be sent out this year.

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Posted in 2009 Stimulus Check, 2010 stimulus check, Second Stimulus Check, Stimulus, Stimulus Package | 9 Responses »

Stimulus Check Payment Application 2009

Monday, May 3rd, 2010

If you have been wondering if there has been or was an application for the 2009 stimulus check, the simple answer is no.  There is no application you need to fill out or needed to fill out to receive your stimulus check.  For 2009 or any future year of stimulus checks.

The way stimulus checks work is that they are free money issued by the government to be spent stimulating the economy.  Hence the name. Stimulus check.   Because it is free money, you won’t need to ever file stimulus checks on your tax returns or pay taxes on the money received.

In recap, there is no such thing as a stimulus check payment application.

Posted in 2009 Stimulus Check, 2010 stimulus check, Stimulus, Stimulus Check | 10 Responses »

President Obama lowered expectations in 2010

Tuesday, January 5th, 2010

In 2009, President Obama set some mighty high goals for his first year in office.  To his credit, he hit most of them.  The big winners were the multi billion dollar stimulus package, making progress for financial reform, lowering unemployment rates and dealing with terrorist threats.

Since this is a blog about the Stimulus Check, I won’t go over the points from the other achievements President Obama has made.   The Stimulus Package that he signed into law shortly after coming into office created many opportunities and hope for businesses and individuals.

Not everyone can agree on how they see eye to eye on if what Obama did was the best, but it did work.  He got money into the hands of most of the people who needed it most.

Most of the plans from the stimulus package about helping those that are currently employed remain in effect through 2010.  For those currently not working and retired, there will more then likely be a 2010 stimulus check coming your way this spring/summer.

Posted in 2009 Stimulus Check, 2010 stimulus check, Obama, Second Stimulus Check, Stimulus, Stimulus Check, Stimulus Package | 3 Responses »

President Obama proposes new stimulus check and stimulus funding

Tuesday, December 8th, 2009

Today in Washington President Obama has called for a new round of stimulus spending for our country to help with the staggering economy.  This new stimulus funding could total over $150 Billion Dollars to jolt the economy back on track.

These funds are primarily going to go be used for more road construction, new bridges, tax breaks for small businesses, tax breaks for energy efficient home upgrades and a 2010 stimulus check.  All of these are aimed at getting money flowing, getting people employed and getting money in the hands of those that need it.

President Obama wants to give an additional $250 to seniors and veterans, similar to the 2009 stimulus check.  This check would be handed out in a similar manner to those that received one this year, plus those that weren’t eligible this year that would be for next year’s stimulus check would also receive one.

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Posted in 2009 Stimulus Check, 2010 stimulus check, Obama, Second Stimulus Check, Stimulus, Stimulus Check | 13 Responses »

Obama Seeks $250 Check For Retirees And Veterans

Friday, November 13th, 2009

Earlier this month President Obama in front of congress suggested that they put together a plan that would send a second stimulus check to retirees and veterans.  This check would be sent early next year in the form of a 2010 stimulus check.

This stimulus check would be sent out instead of a cost of living increase for retirees and veterans alike.   Also a factor in the decision is that inflation has been negative as current recession that we’re in has been driving down prices of all goods in every market.

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Posted in 2010 stimulus check, Obama, Second Stimulus Check, Stimulus, Stimulus Check | 9 Responses »

Do you have to payback the stimulus check?

Tuesday, November 10th, 2009

The stimulus check is not something that you need to pay back to the government like a loan, nor do you need to pay taxes on it come tax time in April.  The stimulus check is considered free money for you to do with as you please.  The main reason for it was that you would spend it in hopes of stimulating the economy, hence the name, stimulus check.

To repeat, you do not have to pay back the stimulus money that you received during the year.

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Posted in 2009 Stimulus Check, Stimulus, Stimulus Check | 4 Responses »

Veterans may get a second stimulus check in 2010

Thursday, October 15th, 2009

An estimated 2 million veterans may be eligible to receive a 2nd $250 stimulus check in 2010.

President Obama thinks that a second stimulus check in 2010 would help both the economy and the veterans that received theses new checks. The plan would very similar to how stimulus checks were sent out in 2009 to those senior citizens, retired and disabled workers and the other groups that qualified.

This plan for a 2nd stimulus check would just need to get lawmakers approval and reasoning on why it would be beneficial for those that would receive it. This only applies to those veterans that are living in the United States, Puerto Rico or Guam.

This round of stimulus would cost the US Government about 13 billion dollars.

Posted in Obama, Second Stimulus Check, Stimulus, Stimulus Check | 9 Responses »

Will there be a second stimulus check?

Thursday, October 1st, 2009

As of this writing, there is no plans by President Obama or the US Government to issue a second stimulus check in 2009.

Keep checking this site, as it will be updated frequently if there is any new reports of a second stimulus check for 2009 or any future updates on the possible 2010 stimulus check.

Posted in 2009 Stimulus Check, Second Stimulus Check, Stimulus, Stimulus Check | No Responses »

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