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The Economic Stimulus Act of 2008 (Pub. L. 110–185 (text), 122 Stat. 613, enacted February 13, 2008) was an Act of Congress providing for several kinds of economic stimuli intended to boost the United States economy in 2008 and to avert a recession, or ameliorate economic conditions.
United States Department of the Treasury. After the freeing up of world capital markets in the 1970s and the repeal of the Glass–Steagall Act in 1999, banking practices (mostly Greenspan-inspired "self-regulation") and monetized subprime mortgages sold as low risk investments reached a critical stage during September 2008, characterized by severely contracted liquidity in the global credit ...
The Federal Reserve, Treasury, and Securities and Exchange Commission took several steps on September 19, 2008, to intervene in the crisis caused by the late-2000s recession. To stop the potential run on money market mutual funds, the Treasury also announced that same day a new $50 billion program to insure the investments, similar to the ...
More than 169 million payments worth about $400 billion have been sent out by the IRS since Congress passed the American Rescue Plan stimulus relief bill in March. See: Fourth Stimulus Checks ...
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Today's July retail sales report shows what we've been saying for some time--people seem to be spending their government stimulus checks on necessities such as food and gas, and not on shopping ...
January 2008: U.S. stocks had the worst January since 2000 over concerns about the exposure of companies that issue bond insurance. [108] February 13, 2008: The Economic Stimulus Act of 2008 was enacted, which included a tax rebate. [109] [110] February 22, 2008: The nationalisation of Northern Rock was completed. [94]
I'm generally opposed to this whole idea of sending checks to people courtesy of the IRS. I don't care if you call them "tax rebates" or "economic stimulus." It's a crazy redistribution of money ...