Saturday, November 22, 2008

Obama's economic plan

In what could have been a speech by FDR, president-elect Barack Obama promoted his economic plan today. His plan will supposedly create 2.5 million jobs by rebuilding roads and bridges and modernizing schools while developing alternative energy sources and more efficient cars. Obama explains that it will take support from Democrats and Republicans to pass the economic plan, Obama said. "I'll be welcome to ideas and suggestions from both sides of the aisle," he said. "But what is not negotiable is the need for immediate action." This is huge proactive change from the current administration, which has done almost nothing to try to create jobs and make effective changes. Will the plan work? I guess we will just have to wait and see.

4 comments:

Roxane said...

It almost sounds too good to be true doesn't it? Well I hope it's not. I'm glad that we our new president it going to be focusing a good amount of attention (supuestamente) on the environment and renewable energy, that of course would also make a lot of jobs. When I was watching the video and he was talking about the environment I wondered if he is going to join the Kyoto Accord? Has he said anything about that? I haven't heard anything, I think he should

Chris Chan said...

It does sound like it is too good to be true. His ideas still are focused on the "Change" he has been spouting since he started his campaign. In the beginning and the end were sort of contradictory. in the Beginning he was talking about how we shouldn't focus just on this current economic crisis but then toward the end his is like, "The thing that is non-negotiable is immediate crisis."

You can't plan for everything that will happen because who knows what will happen in the future.

Some of the things he really doesn't have power over like. "Developing more fuel efficient cars," That development really isn't up to the government, it is up to the car companies and there might not be a more fuel efficient car that is accessible with current technology.

The only way the government could do anything in the area of fuel efficiency is mandates.

Aimee Gavette said...

These plans are all well and good, I'm just afraid that Congress isn't going to go along with any of it and nothing will get done. Despite the fact that there is a democratic majority in both Houses, I'm afraid that this will end up being similar to Clinton's first couple years. Let's just hope that Obama is a persuasive man who will be able to get Congress on his side. With any luck this will all work out. Fingers crossed!!!

Elijah Merchan said...

I do not see this as being "too good to be true". I think Obama is 100% right when he says these actions must be taken into effect immediately. This is the problem with many of the attempts at fixing things in this country that we have. Nobody stands together, unified, as a whole, to try and stop bad things from happening. I have a lot of respect for Obama's proactive attitude coming into this office and I think it will take us very far.

And I actually have to disagree with many of you when you say that the government cannot do anything about issues such as more fuel-efficient cars. I think that this relates to a time in US history when working conditions were terrible. Back then, it was thought that businesses had control over how they treated their employees; however, the government stepped in and set laws and regulation. How is this any different than possibly setting up stricter car regulations on a federal level? I am not sure who here is aware of California's tough stance on car emissions, but PZEV was created precisely for environmental regulations on cars. Why can't the federal government do something similar to this? I do not see it as being impossible at all. It is simply a stricter regulation on business. Business owners won't be happy but it will get the job done.