Tuesday, February 17, 2009
Let's Stimulate!
Today Obama signed a huge stimulus package and got a $50 billion "foreclosure rescue" ready to help the many Americans that are in danger of losing their homes. Even with this reassurance Auto makers are shutting down and the stock market isn't doing much better. the Dow Jones dropped a reported 297.81 points. Through all of this Obama's focus was on the $787 billion stimulus plan composed of federal spending and tax cuts. He made sure to say "Non of this will be easy. The road to recovery will not be straight. We will make progress, and there may be some slippage along the way." Other than the word slippage our new president seems to know the American people very well. We are an antsy group that wants rapid change and it may not be as fast as we need. But I can appreciate that something is being done so that I won't have to wait in line for bread.
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