STIMULUS PACKAGE DETAILS
Simple details about the most complicated economic times
in American history
Homebuyer Tax CreditReceive up to $8,000 in a tax credit for purchasing a home if it is under contract by April 30th, 2010.
Banks - Are They SafeDetails about the FDIC, which banks have failed, what protection you have for your money, bank bailouts and more...
The Great DepressionThe causes of The Great Depression, the timeline for recovery, the similarities to today's economic recession,
and more...
What Caused The CrisisWhat caused the current economic crisis, who's to blame, what are the best chances for recovery, and more...
Economic Stimulus Package In DetailEconomic stimulus money has been pouring into the near and far reaches of the American economy since the summer of 2008, and the flow of stimulus funds doesn’t seem to be slowing in 2009. If you’d like to know where the economic stimulus money is going, in detail, every billion of it, complete with stimulus timelines and information on who’s eligible for the economic stimulus packages, you’ve come to the right place.
We’ve compiled easy-to-read information on the economic stimulus packages, plans, and bills that the Bush Administration and Obama Administration rolled out in hopes of preventing a cataclysmic financial meltdown, one that, without federal intervention, might make the Great Depression seem like a lark.
Everyone’s knows someone who’s lost a job – find out about the economic stimulus bill that extends unemployment benefits. Everyone knows someone who’s at risk of losing a home – learn more about the mortgage stimulus plan that provides help with home loan refinancing and home loan modifications.
It’s all right here…simple facts about small business loan stimulus, auto stimulus, tax cut stimulus, mortgage stimulus, COBRA stimulus, stimulus fraud alerts, job loss pointers, and more.
Bookmark this site and check back frequently to track the various stimulus packages that are wending their way from Washington D.C. into the pocketbooks of average Americans. Latest News About Economic Stimulus Packages, Plans, and BillsFinally...Good News About JobsDecember 7, 2009: Finally, there's good news about job losses...or at least less bad news. Job losses for November 2009 were reported at 11,000 - the lowest figure, by far, since December 2007, which is now considered the "official" beginning of the recession.
More Than 1 in 4 Homeowners Upside DownNovember 30, 2009: If you currently owe more on your home than it's worth, this might not be any consolation, but you're in good company. Approximately 1 in 4 American homeowners are now "upside down" on their mortgages.
Home Loan ModificationsNovember 23, 2009: HAMP (Home Affordable Modification Program) prevents lenders from transferring “hot potato” loans to other ledners who aren’t participating in HAMP.
Home Foreclosure RatesNovember 15, 2009: Home foreclosure filings are up 19% from this time last year.
No Plans To Move Anytime SoonNovember 1, 2009: A recent survey shows that just one in 20 Americans plan to buy a house within the next year.
October Job Loss Totals 190,000November 6, 2009: October 2009 job loss totals were reported at 190,000.
September Job Losses At 263,000October 15, 2009: In September 2009, another 263,000 jobs disappeared. In 2008 and 2009, the job loss total now stands at more than 6 million.
August Job Losses Reach 216,000September 5, 2009: Job losses in August 2009 were 216,000.
July Job Losses Hit 247,000August 15, 2009: July job losses were reported at 247,000, a sign that the economy is still shedding jobs at a marked pace.
Hope Is FadingJuly 26, 2009: In a July 2009 poll, the number of people who believe that Obama can mend the economy has slipped by a staggering 19% from mid-January.
Unemployment Rate Still ClimbingJuly 19, 2009: The unemployment rate, which stood at 7.6% in January of 2009, reached 9.5% in June 2009, and is expected to continue to climb throughout the year.
Job Loss Totals For June 2009 - 467,000July 12, 2009: Job loss totals for June 2009 came in at 467,000, an indicator that the recession (depression) is nowhere near over yet.
Bank Failures In 2008 And 2009July 5, 2009: In 2008 and 2009, 42 banks have failed - a paltry number compared to the 11,000 of 25,000 banks that collapsed during the Great Depression.
No More Liar LoansJune 28, 2009: In May, the House voted to outlaw "liar loans" and other suspect banking practices that led to the current economic crisis. From now on, just as in the "olden days," borrowers will have to be able to prove income, credit history, and assets. |