Stimulus package

Before President Bush left office he had implemented a stimulus package that was supposed to soften the blow on the economy. He also gave stimulus checks to people in order to jump-start the economy.

Since then there has been little to no effect, as we can see from the current economy. Now President Obama wants to spend $787 billion to help soften the blow again. He also says “that things are going to get worse before they get better.” However this stimulus package could make things a lot worse. We could be spending millions of dollars that will never affect the economy. I believe that he should wait until everything settles down, before he implements such a large stimulus plan. Then he could accurately pinpoint what is wrong with the economy and how to fix it effectively. Rather than just prolong the situation and continue the same bad habits that got us into this mess, we should not rely on the government to solve this problem. After all when government gets involved in things they screw things up. Considering our growing national debt, just how much is too much, and when will the spending stop. It has been justified that since we stimulate other economies that being in debt constantly is ok. However, this debt has finally caught up with us. The government has crippled the nation, since we constantly borrow on credit from other nations.


Links:
http://www.nytimes.com/2009/02/16/us/politics/16talkshows.html?_r=1&hp