Obama Stimulus Plan
Working Saturdays is depressing.
After reading Matt's entry I felt the urge to write my perspective of the Obama stimulus plan. I like the ideas he is working with however, 40% of the stimulus plan is tax cuts. I don't think that large of a percentage is a good idea, especially for businesses. Most people will apply those tax cuts to creditors or put it in their savings account at this point. Business tax cuts of $3000 are not going to even put a dent into the losses this year for people. I like the idea of creating jobs for the investment into energy efficient technologies and infrastructure. I think it's a great idea. We must put people to work in this country and get back to our innovation period. If you look at Japan and their airports, buildings, cars, cellphones, ect. They are much more efficient. I think it's time to play catch up and get back to work in our country. The jobs that are being lost are jobs anyone really wants and the idea of creating more jobs for new markets that are emerging is wonderful.
The idea of borrowing 775 billion is pretty scary to most people. However, you must take into consideration that this money is being borrowed for practically nothing. And if you take inflation into account...
Regardless, even pouring money isn't going to bring the stock market up right away (which is really what most people are concerned about). It's just basically putting money into programs that should have been invested in the past 8 years. He has to make up for the lack of vision and investment that Bush did have. I have a very positive outlook on the next few years. I don't necessarily believe in the common wealth or that everyone should have a house even. I just think we need to become more creative, since out country doesn't not put the restrictions on us like most countries do. It's always been about innovation in America, I just think we have been asleep the last 8 years.
And yes, I think it's necessary to pour money into the investment of our country's future.