Thursday, February 12, 2009

Stimulus Has Been Agreed To


A House and Senate conference committee (or a small subcommittee thereof, according to a critical “this legislation was not transparently developed” piece by John Dickerson in Slate) agreed on a $789 billion version of the stimulus package yesterday.

Some of the specifics:
  • $507 billion in spending programs
  • (this includes $150 billion in public works projects for transportation, energy and technology)
  • (and $87 billion to states for Medicaid)
  • $282 billion in tax relief, including credits of up to $400 for individuals and $800 for families
  • A one-time payment of $250 to Social Security recipients
  • Another year of the Alternative Minimum Tax patch
60. My question from my very first post remains: Now that this has been agreed-to, will the markets bounce today?

61. I just checked the new website www.recovery.org, which is going to monitor the stimulus spending. How detailed and user-friendly will they make this site?