Friday, February 6, 2009

The Presidential Stimulus situation...

President Obama is currently attempting to push forward a stimulus package. This package is supposed to revive the american economy. It is well known that American is suffering a financial crisis. The reasons are suspected to be that there is a subprime mortgage crisis as well as a crediting conundrum. Two editions of the bill were presented, one to the House of Represenatives and the other to the Senate. The original course of action was not practically conceived, as reality set in, many realised that more action is necessary for reformation of the American economy. The details of the stimulus are that billions are to be spent in; tax cuts, education, health care, welfare and energy. The bill is expensive, but hopefully the old idiom,
"you have to spend money, to make money",
stands true.

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