Will The Eight Billion Dollar Stimulus Package Work?

January 25-2009:

Will The Eight Billion Dollar Stimulus Package Work?

After 9/11, George W. Bush urged Americans to go shopping, and not let the terrorists win by cowering in fear. But the economy continued to move downhill, fueled by crocked stock brokers, mortgage scams, and Federal "Out Of Control" spending.

So What Difference Would The Stimulus Package Make In The Short Term?

* If this package is managed wisely, and with transparency, rigid oversight, and regulatory controls, the possibility of a turnaround may be realized.

* Mortgage holders, foreclosures and bankers, MUST be given some financial assistance.

* Limited tax reductions MUST be allowed to small businesses, with provisions for loans from banks, included for overheads, retooling costs, internal growth and productivity, and for the creation of employment.

* All working class people (especially the lower and lowest) income brackets, MUST be given some financial help or stimulus. And encouraged to spend some on household essentials.
Long Term Benefits:

* States should allocated funds that would create employment across the board.

* Essential infrastructure/repairs to Bridges, City and Freeway projects, should also be considered.

* Targeted businesses, including 'Startups' must also be used as a way to stimulate and dispense funding to essential areas of industry, and service oriented enterprises.

Derryck S. Griffith.
Educator-Advocate & Blogger.
NYC.