Barack Obama Said No Second Stimulus Checks
Despite the rise in unemployment rate and many states are extending their unemployment benefits, there will be no second stimulus checks for now. In his weekly radio and Internet address, President Barack Obama dismissed the idea the U.S. might need a second stimulus to pull the economy out of recession and urged Americans to be patient with his economic recovery plan. Here are news articles:
- Obama: We Don’t Need A Second Stimulus at The Huffington Post
- Obama dismisses notion the U.S. will need a second stimulus at USA Today
- Obama: Stimulus ‘worked as intended’ at Politico
Weekly Highlights
On the personal finance front:
- Happy belated 2nd blog anniversary to Gather Little By Little
- The Dough Roller recently launched his weekly newsletter and you can get 99 Painless Ways to Save Serious Money (eBook) for free when you sign up.
- JLP shared his humongous list of Personal Finance “How To” List.
- A new, but noteworthy personal finance blog was launched: Personal Finance By The Book.
On the home front:
- Moolanomy’s 2nd anniversary is approaching fast. The blog will be 2 years old on the 15th and there’s still time for you to enter our iPod Shuffle giveaway for participating in Moolanomy Answers.
- While on the subject of Moolanomy Answers, the site working out well thanks to all the members and especially the top 5 participants (link to profile and recent article on their blogs):
Carnivals
This week I participated in one carnival, the Carnival of Financial Planning.
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huffington post, barack obama, Obama, economic recovery plan, ipod shuffleRecommended articles
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Ask any Joe on the street (or, apparently, on the major news networks) what the primary cause of the current recession is. The main culprit, they say, is American greed both by producers and consumers.
It’s good it hear him say that. Now lets hope he reverses on some other economic policy decisions.
I really hope we do not need a second stimulus package. The new place where I am working actually recieved a lot of federal aid so I say let us give it time to work and then we can take the next step.
Thanks for the mention! Can’t believe it’s almost 2 years for you!
Thank goodness. Please no more spending we cannot afford. Money to me or not, this borrowing is not sustainable.