Feb 05 2009
O’bama’s Stimulus Package
A lot of attention has been given in the media about the O’bama stimulus package. It is easy to hear threats of what will happen if this does not get passed. It is equally easy to hear what will happen if it does. So I found a copy of the press release that details the plan from the US House of Representatives Committee on Appropriations dated January 15, 2009.
My dogs could care less about the package. They’d be more interested in what kind of dog gets to live in the white house, but quite frankly, they don’t care about that either. I thought that even though I can do little about getting the passed or not, I should still shy away from being the ‘dog’ and understand this a little more. Over the next few posts, I will give my comments as I read it…
The economy is in a crisis not seen since the Great Depression.
Credit is frozen, consumer purchasing power is in decline, in the last four months the country has lost 2 million jobs and we are expected to lose another 3 to 5 million in the next year.
Conservative economist Mark Zandi was blunt: “the economy is shutting down.”
This is the start of the summary written by a Democrat who supports the bill. I find if humorus (for lack of a better word) that he decided to quote the conservative “Mark Zandi” when it benefits him… More later as I read
