It's been a busy weekend. And one of the more exciting things that has happened is that President-elect Barack Obama unveiled his economic stimulus plan. I kind of like some of the main points that he has:
2. Invest in renewable energy. I also like this. Not only will renewable energy provide jobs, but it will also help us become more self-sustained as a country in terms of energy policy.
3. Tax cuts. I'm not as pumped about this one, since the cuts will be aimed at getting us to loosen up and spend more (partially by borrowing more).
At any rate, the Barack Obama economic stimulus, though expensive, is at least aimed at trying to help the middle class, rather than throwing the money at corporations and hoping for "trickle down." It's a step closer to just giving individuals an outright stimulus and letting that supercharge the economy.
You make a good point. It all depends on how the money is used. However, it this is used to help people directly, I think it will have better effects than the trickle down stuff that hasn't been working so far.
That is if it is used in the right way. The banks were to get help, to help us by loosing the straps of loaning and that was a bunch of crap… only the bigwigs got payed and it help only them. I think the same will go for this and the tax cut will came back and bite us in the butt. The money has to come from somewhere and the Gov't does not have any… hhmmmm?