The economic stimulus plan that President Obama is working is estimated to be between $675 and $775 Billion.The stimulus plan will be geared towards job growth and infrastructure. Some have argued that work should be done to increase short-term spending but Obama’s plan looks to have long-term effects. This sounds reasonable as short-term spending would only be a small band-aid at best. We have to move away from this idea that we can spend our way out of trouble!
The administration will look to give money to projects that have a plan to move us away from being energy dependent on other countries as well as projects to help build up schools. If done correctly this could be similar to what was achieved under FDR where many buildings and schools were built during the depression that are in use today.
Getting an economic stimulus package will be the top priority for Obama and his team once they are in office.
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