President Barack Obama signs the economic stimulus bill on February 17, 2009 in Denver, Colorado. The $787 billion package will fund infrastructure projects, renewable energy projects, and health care, as well as increase unemployment benefits and provide for tax breaks.
The President doesn't expect the stimulus will fix all our problems, and boy, do we have alot of problems, but it is a step in the right direction. It's obvious the market isn't going to rebound on its own.
So how will we know if it's working?
The president and economists say the biggest marker will be an improvement in the jobs picture.
"That's bottom-line number one, because if people are working, then they've got enough confidence to make purchases, to make investments," Obama said last week before the bill's passage. "Businesses start seeing that consumers are out there with a little more confidence, and they start making investments, which means they start hiring workers. So step number one, job creation."
The GOP Still Doesn't Get It
Can you believe the GOP sponsored a rally against the stimulus package this afternoon at the state Capitol building? Yes they did. The GOP claims the stimulus won't help.
Question: Just what does the GOP actually suggest the President do about the economy?
Bush doubled the deficit during his two-terms in office, leaving a hell-hole for the nation to climb out of it. The stimulus is a step towards getting the bus out of the ditch. This bill does create jobs, ask Michigan. Michigan just saved/gained 190,000 jobs. Ask Tennessee. Tennessee just saved/gained 70,000 jobs.
For a complete breakdown of where your moneys' going jump here:
Comments