President Barack Obama (Courtesy of BR Photo Creations)
Is it more symbolic vs. substance?
After more than three weeks, of watching the Democrats and Republicans debate over their idea of a stimulus plan that would best help the American people, President Barack Obama signed a bill into law for $787B.
The question is… Can $787B jumpstart the economy? Remember, President Obamba’s initial proposal was $900B and, according to several top chief economists even that was not enough. So, is this bill more inline with what it symbolizes rather than the real help that Americans need?
While I am a firm believer that something is better than nothing, I think we can thank the Republican’s for this modest $787B… which clearly shows they have lost touch with reality.
In simple terms, you can expect an extra $13 per week in your paycheck, beginning June 2009; a tax credit of $400 if you are single and $800 for couples making over $150K. I won’t claim to know anyone’s situation but “making ends meet” has been a challenge, as I would imagine it has been for many Americans… How do you rebound with $13 bucks???
By the way, if you are unemployed you still have to find a job or at the very least hold on to the one you have.
Please send me your comments on how this stimulus plan will help you…
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