Monday, February 23, 2009

Assignment #4 T. Parrish

The article "States and Cities in Scramble for Stimulus Cash", was written by Monica Davey of the New York Times. This article was written to explain how this Stimulus would effect the country as a whole and state by state. With Obama signing the bill into law Tuesday in Denver, it will now be the largest amount of money entering the economy since President Lyndon B. Johnson’s Great Society program. The point of this bill is for it's fast action into the United States economy the real test of the bill will be, the amount of time that it takes for all of these actions to come into effect.

The transportation department says within 180 days of Obama signing the bill there will be 14,000 jobs to work on 34 different projects. This is just about the only set number that I have saw for any job estimates. The jobs happening now is what we need yes in a few months they will be useful of course then to, but people are out of work now, people are going to be in unemployment benefits now, there going to need health care now and they need jobs now. Though the stimulus bill is set to stimulate the economy when people are worried about job security and whether they or their families can eat, they won't be buying new cars or any large purchases.