Second Stimulus Check Appears to Be Dead

Well that would have been nice, it could have paid for a good majority of my break job.

Congress is willing to give multimillionaire CEO's and their mismanaged corporations $700 billion, but won't give the average American $50 billion. Our politicians stink and it's time we raised our voices and let them know it.

Sad news indeed. I feel bad that people counted on this and it didn't even make the headlines that it's been shelved.

I think we are in a world of hurt.. sure could have used another check for sure

This sucks - plain and simple!

When you say you lost a bundle in the stock market, do you mean the companies you invested in went completely bankrupt, or that they dropped in price? The stock markets will make a comeback.

I never got the first stimulus check like I was supposed to.
So, I never counted on the second one.

good thing I was not putting this in my future budget.

I never knew there was a second one coming...
We can only hope that the market bounces back...almost 500 points today, so that's a start.

Angela -

Go to this site and find out where your check is:

https://sa2.www4.irs.gov/irfof/IRServlet?app=IRACTC&selectLanguage=en

In the 12-person vanpool last night on the way home we were all joking how we're going to have the van outfitted with wheelchair ramps since we will all be working until we are 85 now!

I didn't know there was a second one

We gained a little back today. Let's just hope it starts moving back up soon. I hate election years, they are always bad for the economy.

No one really talked about it because there was very little support for it at all. I never even gave it a thought after hearing all the reports on how the first one failed to do what they had hoped.

I agree with you 100%. This country is in really bad shape right now, pretty soon there will be no middle-class to speak of. We personally lost a ton in the stock market also.

Keep your stock, in five years it will be back, or near, where it was.

i also think its pathetic that they would try to spend $700 billion on major companies, but not $50 billion on americans. although im not really sure if it helps much. i know plenty of people who are in debt and instead of paying some of that debt, they bought more stuff. for example, my sister in law decided to spend theirs on a massage business (which she had no training for, but got financial aid to start taking classes on, which is the 4th college thing shes tried in the 4 yrs ive known her), she started working at the massage business, almost had it paid in full (supposedly), and then the lady she was buying it from backed out and kept all the money. so with that stupid decision, which was not the first, or last in a series of stupid financial decisions theyve made, they had no jobs, couldnt afford their house, truck payment, credit card payments, or even food for their kids...so they moved in with us, we supported them (and cleaned after them, babysat their kids, etc) for over a month, and DH gave them OUR stimulus check which was being saved to start our own business...so they could pay their mortgage. then when her husband got his unemployment check, guess what they paid....for new water shoes/swimsuits so they could go to the beach.

Wasn't aware of a second package.

aint no such thing as free money. we would have been borrowing from ourselves, yet again.

That's terrible!

we dont pay taxes so somebody can give it all back to us. we pay taxes to accomplish things that are important for our collective future.

i never depend on the gov't to keep their promises or their half promises till I have the money in my hand!! i never thought it was going to materalize...... the rich get richer and the rest of us just keep struggling to get by

I heard talk of it..didnt really count on getting it but it would have been nice.

I am sad to hear this.

Very disappointed to hear no second stimulus check........but, it figures!

Connie - You probably have not lost as much as you think...leave your money there...things will rebound. Over the history of the stock market, people do not lose money unless they pull it out in panic.....just hang tight....really !

As for the stimulus checks....I wasn't counting on it, but feel for those that were....You are more than welcome to come and live with me ANY DAY !!! :)

If I dont handle my money well. I go broke and the government dont bail me out.
I dont think big business should get a bail out either. Yes we should get a stimulus check if they can give money to millionaires. Heck they could downsize. That is what we have to do. Some of us have to decide between medicine and food. Praise God I am not there yet but plenty of old folks are.

Bob, B. thanks for the link! That was very helpful. I appreciate it.

It all needs to stop!

I didn't even know they were considering a second stimulus check.

I didn've even know there was suppsoed to be one.

I didn't hear anythink about a second stimulus check. We didn't get the first one. It went towards our tax bill.

I figured this would happen.

The elected officials are able to scurry and sweat and hatch a 700 billion dollar bailout for the corporate poor but 50 bil for the working stiff..no way, don't even wanna think about it..and they all had plenty of time to think about it.

I'm sure the second economic stimulus was shelved because it cannot be used effectively to fulcrum political capital.

The stock market dropped 780 points within moments after the news that the House thumbed down the proposal the sky was falling on our economy ...our total way of life is threatened as Wall Street will perish!we heard over and over again in the hours prior to the vote ..but then it recovered 500 points within moments of opening this morning (something most news agencies failed to report)..that kind of puts a hole in the old 'End of our economy as we know it OMG back to the caves and better bring the matches in case the Gods take back fire,too

I am sick to death of all those bastards in Washington and Wall Street playing the backbone of this country,the middle class ,like a big,dumb xylophone.

The squeakiest wheels right now are those that are afraid to lose a couple million and maybe have to shelve a few luxury trips in the ole Lear to some wonderfully ,exotic place that We the Sheeple can't even imagine ,it is sooo lux..
meanwhile we struggle to live..make the bills,keep that roof over the head,pray we can get one of the kids through college..or maybe the American Dream of some has been condensed to being able to put food on the table daily like a can of soup or maybe saving to buy enough heat for the winter..
There is a serious disconnect between our elected ( still not sure about that) officials and the likes of John Q. Public ; the void continues to grow supported by corporate money gifts and promises.

If the 700 billion bailout passes one can expect to pay more federal taxes..meaning Tax Freedom Day will not fall on or near April 23rd as it did this past spring 2008 but will probably bleed into June.
I am sick to death of the idea so much more of my salary will be handed over for some mystery money spending spree..To say it's to save our economy is not good enough as this bunch of liars and robber barons have screwed us so often in the past 8 years...and there still is no strict oversight as to what will happen to the cash if the Paulson Plan passes ..oh except that the investment company Goldman Sachs can expect share bailout..turns out Paulson sits on the board.
You and I are so screwed losing as we did with our retirement...but the big payola to Corporate will not bring those losses back..only benefit their bottom line..Experts are not even sure if that oft quoted figure of 700 billion is too much,not enough,whatever.One thing is certain: you and I will lose even more paying out for that new tax burden.

We are losing so much more than our 401K's thanks to these dunderheads....

please read my poem BOHICA if you get a moment..

Our 401K was pretty heavily invested and we were talking of starting to invest in more stable accounts soon but now.... like Ellie, we may be working in our wheelchairs

I was not counting on this second stimulus check anyway. I don't think the first one even came close to doing what it was supposed to do.

I didn't know there were talks of a 2nd stimulus check - I sure hope they reconsider it & take it back off the shelf~

Chris,
I think that is what our taxes are intended to do but they are used for things that I totally disagree with. Why do we owe so much to china??

The first stimulus check was to keep us quiet and happy with a few bucks in our pockets. The truth is that we need them to do what they can do to shore up the economy and then really take steps to fix the problems. That will mean that we (the people) will be paying.

We (the people) have let them get away with this crap for a really long time and just stuck our heads in the sand. We (the people) need to face facts. You can't have tax cuts and increased spending, you can't have deregulation and expect people to be honest and ethical.

We are going to be paying for our -see no evil, hear no evil, hear no evil- attitude one way or another. These times are hard and only going to get harder.

Connie, one of the things I heard was that we borrowed the funds for the stimulus program from China. That would account for a huge chunk.

I hadn't heard that another check program was due. I can't miss what I didn't know was coming.

Anyone see the picture someone took of the sign on WALL STREET. I would POST it but the hand lettered sign on a piece of cardboard says
" JUMP, you F**kers"

i had no clue about this

Doc posted that picture APE. He just flagged his own article.

This is horrible. Some heads need to roll over this.

I never count on the stimulous checks anyway.

I remember awhile back talk of a second stimulus check being considered. I checked it out with snopes then, and it basically said that this was a rumour, as I recall.

We have nothing and have never had anything. I suppose the upside to that is if you have nothing, you have nothing to lose.

If I could, I would just put a tent out in the woods. I don't think my kids would like it very much though.

I never heard anything about a second check either.

Old adage...never count your eggs, till they are hatched. In plain words, it is foolish, to count on what is promised till it is real. Especially with the government!

I don't know what we're going to do either Connie. We don't have have gas here right now...I went out last night at 11 pm to hunt for gas. And when you do find it, it's over $4.00 a gallon...I've seen it as high as $4.59 for regular.

I heard rumor of a second check but it doesn't surprise me that we won't be getting it

Never heard of getting a second check either, -- so now I am not disappointed!!!!! LOL

China helped buy up some war debt..i think 12%
Japan ,too..but they've been on board as our debt buyin' buds for years..
currently 52% of our Nation's debt is owned by foreign countries.
sure would hate to see them call those notes in..

I never heard that the 2nd one was even close to getting off of the ground anyway. Also, I didn't get the first, so I didn't plan on the 2nd.

I didn't know there was a second one

It sure seems like our representatives have forgotten who they are representing.

Figures, if they could take away our birthdays they would!

We never had anything to invest. Our life has been in shambles for years.

It's sickening that they can fund 700 Billion to uplift the wall street big shots but they can't seem to find the funds to help those who really need the boost. But the Wall Stret executives will be just fine judging by their past salaries.

I thought the second stimulus check was one of Obama's campaign promises. There had been talk about it, but no legislative action.

i figured as much!

i wasnt even aware we were gonna get another one..

I am not surprised at this at all in fact I am betting it will come after the elections and this, I'm sorry but I don't agree with the bailout, the first one was a very bad idea and well I don't think the second one is much better but it woudl up the FDIC to 250,000.000 instead of 100.

What I have to say is that I think that these banks and businesses should be responsible for their mistakes and not rely on taxpayers to bail them out (that was the first bill)

I hope that something happens, a lot of people are loosing big bucks in investments, thankfully I don't have anything to loose.
Mooch

I used my first stimulus check to pay down debt. I thought it was a strictly political gesture although I did keep the money. I don't want another one even though I love the idea of mysterious money appearing in my mailbox.

I've been unemployed for two months due to my employer of the previous 15 years going bankrupt and dissolving the company. I have every reason to want money from any source I can find. I'd rather see a solution to the credit crisis than see a token check from the government.

I was clueless on the second stimulas check

I heard about the second stimulas check but really didn't know much about it. The CEO's should pay something back, why are they still paying these people!

I love counting on free money that I didn't earn! That REALLY sthinks that I didn't get more!

NO ONE, I MEAN NO ONE should depend on hand outs to live by. Its nice to have it, but I would never count on it for food. Even if I was homeless, I wouldnt depend soley on handouts to keep me around, you better bet I'd be dumpster diving and whatever else was neccessary.

However, I don't think anyone that is research savvy could be homeless anymore. There are SOO many things to do now to stay off the street. but then again, I said you had to be research savvy, and many people are not. Oh and don't think I mean you can be living in a place you want to be by researching programs alone, I just said you'd be off the street.

Good stuff Jeff, I wasnt aware of all that. I will trust you for now, but I will have to verify that for myself at the first opportunity.

I really could have used this. I think we are heading for a very dark time ahead of us :(

i didn't know there was even talk of a second check. man, that would have totally kept me from being homeless for a month. thanks big corporation for being the pussy whiners you are and for the government for once again taking things away from those who really need them

Oh well you shouldn't depend on the government for anything, they can't handle their own money. Don'tt rely on credit cards pay cash instead.

I never thought there would be another check. In fact, the first one was probably a mistake. I'm guessing we'll probably have to pay it back come tax time.

i could have used one

they should have divided up the $700 billion for the second stimulus package... that maybe would have given people enough to catch up on bills and fill the gas tank a few times....

I am so sick of this crap ... I am a taxpayer, no I don't count on these checks but it is nice to get back some of the thousands that are taken from me weekly. why should we bail them out...we should just take their homes, money and job like they have managed to do to everyone else. Let them eat beansoup and hotdogs..this bailout if it even works will only keep the rich rich......BITE ME WALLSTREET...you guys suck....and they have the nerve to tell everyone that they can't handle their finances....yea ok...

I'm not counting on a stimulus check to bail our family out. We work hard for every penny we scrape together, like most other Americans. Hopefully instead of rescuing big businesses that practice poor financial management, the government will instead worry about the little guy again. Hey, it could happen.

We are all paying for these bailouts as well as the stimulus payments!