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Stimulus Package

Our country faces its most serious economic crisis since the Great Depression.

With a new government in office, several economic reforms have been put into action to help revitalize the economy.

This Federal Stimulus Plan aims to:
- Create new good jobs in America
- Provide relief for struggling families
- Increase assistance available to homeowners
- Provide assistance for business owners
- Increase funding for programs like Government Grants to help US citizens

"Next Steps For US Citizens"

The Federal Stimulus Plan will provide relief for US citizens through a variety of programs. If you are a US citizen in financial distress or simply want to improve your financial situation, it is recommended you take the following three steps to help improve your financial situation:

- Obtain a free credit report to better understand your financial situation
- Lower your interest payments and consolidate your debt
- Refinance your mortgage to lower your payments and prevent foreclosure

"Programs That Provide Immediate Help"

As an alternative to tax cuts, the government is providing economic relief to US citizens as part of the Federal Stimulus plan. Government grants, debt consolidation, and housing assistance will all play a key role in the Stimulus Plan as a way to provide assistance to those in need. In addition, there are several other programs and services available to individuals that can help you:

Consolidate Debt and Lower Interest Payments on Outstanding Debt
Access Mortgage Assistance and Prevent Foreclosure
Protect Your Credit with a Free Credit Report


"Additional Programs: Government Grants"

Demand will be high for these programs and many people have already applied. Although billions of dollars have been set aside for the Federal Stimulus Plan, the funds will only last for a limited period of time. If you are interested in applying for one of these programs, you should do so immediately before the funds are depleted.

Application kits have been assembled and contain additional information about how to apply. View the available programs to determine what funding is available to US citizens and to find out more about how to request assistance. Learn more about which programs are available to you and what types of funding you may qualify for.

Click Here To Learn More > > >

Where Are You 5 Years From Now?

'Long way' to US recovery: Biden

US Vice President Joseph Biden on Sunday defended a 787-billion-dollar stimulus package adopted to jump-start the troubled US economy, but admitted recovery was a long way off.

"We still have a long way to go, but clearly we are closer to recovery today than we were in January," Biden wrote in an op-ed piece in The New York Times. "The Recovery Act has been critical to that progress."

Passed by Congress earlier this year and signed by President Barack Obama into law, the package combines government-funded infrastructure projects with tax relief and assistance to those affected by the slump.

But it has been under fire from Republics who dubbed it inefficient and wasteful.

"But the way I see it, our balanced approach recognizes that there is no silver bullet, no single thing, that can address the many and complex needs of America?s vast economy," Biden wrote.

"We need relief, recovery and reinvestment to cope with our multifaceted crisis -- and only 159 days after it was signed by President Obama, the Recovery Act is already at work providing all three."

What's Your Move?

Lending slowdown in US: report

Leading US banks are not lending as much as bankers and borrowers refrain from taking risks in the uncertain economy, The Wall Street Journal reported.
An analysis by the Journal showed the total loans held by 15 large US banks shrank by 2.8 percent in the second quarter, and that more than half of the loan volume in April and May came from refinancing mortgages and renewing credit to businesses and not fresh loans.
The banks surveyed include financial giants such as J.P. Morgan Chase, Bank of America and Citigroup as well as regional banks such as Fifth Third Bancorp, based in Cincinnati, and Regions Financial Corp. of Birmingham, Alabama.
The 15 banks hold 47 percent of federally insured deposits and got 182.5 billion dollars in taxpayer-funded capital infusions through the Troubled Asset Relief Program, the report said.
As of June 30, the banks had 4.2 trillion dollars of loans on their balance sheets, down from 4.3 trillion dollars on March 31.
Loan portfolios shrank at 13 of the big banks, with the steepest decline at Comerica Inc., Dallas, where the loan total was down 4.3 percent to 46.6 billion dollars in the latest quarter, the paper noted.
Bank of America reported its loan portfolio slipped 3.6 percent to 942.2 billion dollars in the second quarter, the report said.
A spokesman for the largest US bank by assets said the decrease reflected higher loan losses and lower loan demand as borrowers pay off outstanding debts.
"There were fewer opportunities to make high-quality loans because of the recession," he said.
The 15 banks reported about 803 billion dollars in loan volume in the second quarter, up 12.7 percent from the first quarter, The Journal said.
But nearly 60 percent of the increase in April and May came from refinancing mortgages and renewing business loans, according to the report. In contrast, new home purchases accounted for just 23 percent of all mortgage loans.
On a year-to-year basis, total loans held by the 15 big banks rose 17 percent from 3.6 trillion dollars in the second quarter of last year, the paper reported.
But the increase was skewed by the impact of acquisitions that included J.P. Morgan's takeover of the banking operations of Washington Mutual and Wachovia's purchase by Wells Fargo Bank, it said.
Excluding purchases, loan portfolios shrank by about 10 percent as of June 30 from a year earlier, according to the report.

Verizon to cut 8,000 jobs (WHAT'S YOUR BACKUP PLAN)

Verizon to cut 8,000 jobs

Phone company Verizon says it will cut 8,000 jobs from among employees and contractors before the end of the year to keep costs in line as the recession saps demand from businesses for telecommunications services.

Executives said the cuts will come from the wireline side of the business.

In recent years, New York-based Verizon Communications Inc. has balanced layoffs in its wireline business with hiring in wireless, making for a net increase.

But Chief Operating Officer Denny Strigl says that will not be the case this time. He says there will be no large-scale hiring in wireless until the recession is over.
Verizon ended June with 235,000 employees.

Great Christmas Gift "FREE LEADS"

For those of you who know me know, yes I am a busy business man amongst other things. So outta no where today of all days I receive a message showing me how to get FREE LEADS. For those in the mlm biz know how important leads are. I JUST GOT FREE LEADS. These are real people, who want to hear about opportunity. If you are in the biz you'd be a fool not to take a look, seriously. http://orangeleads.com?id=19212 , there's the link. It's totally free. You really have nothing to lose except opportunity. Stay blessed and have a wonderful holiday. 

U.S. on the decline, other countries on the rise...

So Mack Trucks is closing a plant in Allentown thus letting go 680 employees. This happens after they added 150 workers recently due to an increase in orders from other countries located in Latin America, Middle East and Africa. Hmmmmmmm. So while other countries seem to be building, U.S. is somehow crumbling. Take it how you want it, THERE ARE NO SAFE JOBS. I will continue this message because it's the truth, flat out. WE ALL NEED A BACKUP PLAN. Please don't think this is an effort to try and drive business for myself. I simply want people to understand that you can't depend on anybody at the end of the day except for yourself. So the question is, What are you working on, doing or building for you, that you can depend on at the end of the day? If your only answer to that is a job and maybe some kind of savings account, I will simply pray for you.

Office Depot Makes Cuts

So I read this not too long ago and thought on it for a while and decided to elaborate on it because I don't think people really get what's going on. Office Depot are going to cut 112 stores, which will in turn eliminate 2,200 jobs. They usually open 40 stores a year. So along with these cuts, they will only be opening only 20 next year.

So yea, we all know the economy is bad and that's what most of us will relate this too without looking at the bigger picture. It's OFFICE Depot. Regular consumers aren't the bulk of their customers, offices are. They don't just sell paper, pens, and pencils and school supplies and simple office supplies. They basically sell EVERYTHING you could have in an office down to the cubicle itself. So Offices aren't shopping. They aren't shopping because they aren't opening. Office depot themselves are only opening half their NORMAL rate of NEW stores. Why is this such a big deal. If new businesses aren't being generated and people are already losing jobs at a record pace, how long will it be until it affects you or someone close to you.

I'm going to keep harping on this because at the end of the day; There are 2,800 4 year schools in the U.S. alone. Too keep it simple for a numbers sake and just to make a point. Let's say each semester only 200 graduate from every school. THAT'S OVER HALF A MILLION NEW QUALIFIED, CHEAP, and YOUNG, career seekers every six months! This is just for the 4 year schools people, in the U.S. Do I need to continue to stress that things are obviously going to get worst before they get better no matter what Obama does. I'm going to keep asking, because all of us really need an legitimate answer. WHAT'S YOUR BACKUP PLAN? How long could you go without a traditional job paycheck? What would you do if you couldn't find work for a month to a year or ever longer? THIS IS SERIOUS. UNDERSTAND. THEIR ARE ALTERNATIVES.

It Is What It Is...

Something I had on my myspace that didn't get enough attention. Watch, Listen, Understand...

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Album release party for philly rapper Hollewood w/ Freeway Video Phone Promo