Saturday, February 14, 2009

Assignment#3 S.Layman

The article is "Trade-off in the Stimulus Package" by Madison Powers. This article appeared in CQ today and was directed at America. It was informing us of the collapsing economy and how this stimulus might help save it.

I dont think that this will in the end "save our society" but it seems to be the main idea that the government can come up with. Sure it will be nice for people to get some money here and there, but we are saving banks/businesses that already messed up severely and just giving them a pat on the back and saying its ok, because the tax payers have money to give you.

By the time that the money trickles down to the common people they will have seen nothing of it but will have faced the most drastic aspects of this failing economy. Giving people a very small percentage of their tax money to spend and spend to help business grow is a very stupid idea.

This stimulus needs to be put to good use. Spend the money on schools, businesses that develop businesses, and places that will create jobs. Use it for health care and to help better society overall, not just for one quick burst. I am guessing they didnt learn from last time that one little burst really didnt help...because it happened again.