Economy and stimulus plan

During campaigning President Obama said something along the lines that he wouldn’t let lobbyists control the agenda of Washington. Then he puts someone that’s a lobbyist on his cabinet.

Its sad that people the president nominates for a position has to withdrawal their nomination due to tax reasons. After all, aren’t our tax dollars contributing to their salaries.

This just proves that politicians aren’t the same as they used to be. Throughout school we learn about the great leaders and politicians that have built this country, and just how great they were. Now, all you hear about is how corrupt they are. It seems like they are just holding their seat for the title and fame, instead of acting in the best interest of the people that elect them.


Through the Bush era we were encouraged to spend. However now people are scared to because of the lack of stability in the economy. We have seen little effects to what the stimulus checks and first stimulus plan were set out to do. I’m not sure on how much money was injected into the economy, and the return from it. However, just how much longer can the government prolong this downfall. While they are living in luxury, thousands of people are losing their jobs daily. There is also a fine line on where to stop this stimulus plan. I’m sure we are already dealing with inflation from the war, and by putting $820 billion into the economy it will continue to grow.

President Obama seemed so confident that his plan would work before he was elected, but it been 2 weeks and there still hasn’t been any gains in reaching an agreement. Currently the House and the Senate are in debate over the contents of the stimulus package. The stimulus money from the House plan will go towards aiding state and local government, tax provisions, and education, health and renewable energy programs. Both plans are intended to blunt the recession with a combination of fast-acting tax cuts to help increase spending by consumers and businesses, and slower long-term government spending on public works projects and other programs to create more than 3 million jobs.

President Obama’s middle class tax cuts are intended to lift consumer spending and help jump-start the economy. Hopefully consumers have learned their lesson, by not over indulging and end up with more debt than they can handle. If this trend were to continue, the cycle will just prolong the recession and cause demand for a second wave of a stimulus package.

Whatever the final figure may be the plan needs to be very structured and not allow state and local governments slack to waste money. There is argument that only a small percentage of the stimulus money will directly impact the economy, and the rest is just thrown into the bill to satisfy old democratic promises.

Links:http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/02/07/MNEV15PJKT.DTL&type=politics