Obama Announces New Stimulus: Check For Everyone.
It isn’t really a secret; this is an election year move. But at a time when middle class America is struggling as it never has, it’s a damned smart one.
President Barack Obama announced Friday morning that the United States government will be following former president George Bush’s lead, issuing a stimulus check to everyone in America. Here is how the payouts will be distributed:
Single adults will recieve $2,250.
Married adults will receive $1,750.
For each child (up to 3) there will be an additional $750.
Republican response to the new stimulus is already starting fires; questions of where exactly this billion plus package will be paid from is an obvious issue.
“The American public, specifically the middle class, the backbone of our economy, needs a boost. And that’s exactly what we’re giving them. When the auto industry needed a hand, the government came through. Same with the airline industry. Why shouldn’t the common man be afforded the same support?” Obama said.
Payments are expected to begin shipping out in mid July.