WILL THERE BE A 2010 STIMULUS REBATE FROM OBAMA?

If you are looking to get a 2010 stimulus rebate or check from President Obama and the government, you should know that it is unlikely that you will get one. Everyone still remembers the stimulus check they got from Bush and wonders why they aren't getting one from Obama.

The Obama stimulus act was huge (787 billion dollars) but none of that was put aside for checks to be sent to people. Bush sent out checks to get people to spend money and get the economy going. He could do that because unemployment was still reasonably low, especially compared with today.

In 2010, there will still be 10% unemployment and companies are not hiring. There is a job crisis in this country and Obama is sending all the stimulus rebate grants and money to businesses, state governments, and local governments.

There will be no checks going out in the mail to people and instead there will be some tax credits they can take advantage of. These tax credits are not much consolation though to people who need money and need it now. If you are one of those saying "I need a job now" or "I need money now", the tax breaks aren't going to help you put food on the table.

2010 stimulus rebate checks may not be in the mail next year so it is time to buckle your belt and stretch the dollars you do have. Get out and keep looking for a job if you don't have one because Obama and his administration have their own problems they are trying to figure out how to solve.