The $787 billion stimulus bill was signed into law today by President Barack Obama in Denver, Colorado with the hope of stimulating the economy with immediate jobs, the saving of jobs, short term and long term economic growth and development. I don’t think the package is large enough because too much was slashed from the education portion of the bill and not enough funds are going for infrastructure building because our problems are so extensive and mass.. Furthermore, the Democrats compromised on too many important items in the stimulus package just to get the support of three Republican senators, Olympia Snowe, Arlen Specter, and Susan Collins. This plan lacks immediate job creation and new job training in areas that have been heavily impacted by layoffs, unemployment and underemployment. Hopefully the housing plan Mr. Obama is to unveil tomorrow will be more comprehensive with specificity than the second part of the bank bailout plan presented by the Secretary of Treasury, Timothy Geithner to Congress on February 10th and the 11th. Another weakness of the stimulus package signed today by President Obama is that it lacks a provision that would prohibit employers from hiring illegal aliens. Illegal aliens should not receive any benefit from any portion of the stimulus bill. This country is spending billions of dollars a year to subsidize illegal aliens because of the lack of willingness on the part of the Congress to address and tackle this issue because of political expediency.
Is Mr. Obama mortgaging his presidency on this stimulus bill, on the housing bill he is to unveil tomorrow and perhaps on subsequent stimulus bills in order to remedy the blatant, egregious, mismanagement and dereliction of duty of the Bush administration for the last eight years?
1 comment:
Give each adult American citizen $150,000 dollars. This would help stimulate the economy with spending. I say don't give one red penny to all those mismanaged banks and other financial institutions. Let them fail and start new Banks run by the government with strict congressional oversight.
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