Obama’s Stimulus Plan 2009
Happy Chinese New Year Folks, It’s the Year of the Ox, which is coincidentally (?) Obama’s astrological sign according to the Asian calendar.
Obama wants money for education, contraceptives, alternative energy spending, infrastructure (roads, bridges, etc.), and tax breaks. Other interesting things include a “buy American” clause. I haven’t read any more into it than that.
Critics dislike the long-term nature of the plan. Infrastructure will inevitably take a long time for the trickle down because of the time it takes to pass the bill, figure out what needs to get built, apportion money, approve contracts and so on. I, for one, like the long view because we definitely need better roads and bridges.
What do you think of the stimulus plan?
Links:
The BBC has a nice rundown –
Q &A: Obama Stimulus Plan.
Update:
CSPAN compares House vs. Senate stimulus plans American Recovery and Reinvestment Act of 2009. Interesting proposed changes: increase homeland security allotment from $1.1B to $5.0B. Reduce education spending by $3.0B?
WSJ Map of which states get stimulus help, I’m happy to see that Michigan gets a lot of help per capita for job training. The manufacturing sector people are going to need it.
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