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Questions remain about Obama stimulus plan

December 24, 2008 by  

Will the U.S. create enough jobs in time?President-elect Barack Obama has promised a stimulus plan for the country that could create or save millions of jobs – but will it work?

Spending is a big part of the plan. Early in the new year, Congress could receive a request to spend between $675 billion and $775 billion in the next two years, Fox News reports. Around $350 billion could be directed at creating infrastructure projects.

Former director of the Congressional Budget Office Douglas Holtz-Eakin told the news provider that although the plan "sounds great on paper" it may be more difficult to achieve.

Part of the problem may be the timing. As the U.S. is already about one year into a recession, by the time the money works its way through the system and new jobs are created, it may no longer be necessary.

"Even if we have a pretty prolonged downturn, it could be the case that the recession is over by the time a lot of this money gets spent," Holtz-Eakin said.

Instead, he suggested that the government could help stimulate spending by suspending Social Security taxes for a year.

Holtz-Eakin, who advised Senator John McCain during his campaign, also said he supports the senator’s idea of purchasing and refinancing bad mortgage debt.

The country is likely to receive more details of the stimulus package when Obama takes office on January 20th.
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  • John

    Another problem with this whole idea that no one wants to talk about is construction work is dominated by illegal aliens. It is a subject that is not discussed, yet if you go onto construction job sites illegals make up a great majority of the work force. So until the problem with immigration is addressed, all we will be doing is supplying non citizens with work. And giving them all Amnesty is not the answer, it is a slap in the face of every other immigrant that went through the lengthy process of gaining citizenship. And putting illegals to work is not going to help Americans! I encourage everyone to write to their representatives in both Houses and voice their opinions on this subject. The bailouts are bad for the economy and most actual economic and financial experts (which politicians are not) agree they ultimately will fail. The Banking and Finance committee is made up of 11 people, 10 lawyers and 1 guy that used to be a farmer before running for Congress.

    • Richard

      you are correct but you have to remember that all we have in washington are 435 self serving idiots if you think otherwise just look at the distructive thing they ar prepuating on the american people ,higher fuel taxes global warming and the list goes on and on we are no longer a nation where majorty rule is the order of the day insted we have a nation where special interests rule

  • vita Borgs

    Why is elect-president Obama addressed as african-american? he is a mullato.

    • concerned131

      He is not even mallato. He is a mixed breed- 50% white, 43% arab and 6 black

      • cindy hill

        He is Muslim.

    • AlPon

      “Great minds discuss ideas. Average minds discuss events. Small minds discuss people.”
      Eleanor Roosevelt

      And you are all small minded twits.

      • The Captain

        It takes one to know one! You are part of the problem in Amerika. You have no respect for other’s opinion(s). It is evident that you are always correct in all of your thoughts and expressions and no other man or woman is correct. I’m sure that you think you are a “great mind”. There’s nothing like a lackluster monkey on the vine!

      • Well Informed

        Too many small minded twits voted on Nov 4th!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
        We may need to re-visit voting rights here in America!!!!!!!!!!!!!!!!

  • http://personalliberty.com Debbieqd

    You neo-cons are a disgusting bunch. You’ve already trashed our country with your silly ideology — and now you want to blame Obama before he even begins. Go away for at least eight years, please.

  • cowboy

    Anybody with any amount of mental competence will tell you that you cannot borrow your way out of debt. The government is borrowing money on future taxes that will have to be paid by our kids and grandkids. The government does not have money. The only money it has is what is collected in taxes from the people. It’s not only stupid, it’s ludricous to think that the government has the answers to all our problems. Just look at history, how many times has the government ever solved a problem? Most of the time, government intervention only makes things worse.

  • Jan W. van Dalen

    In answer to the first two higher above standing mails.
    What a filthy people are you americans.
    On several extended holyday travels through 29 States of the USA, my wife and I met so many very nice american individuals. But as a people: yachchch

    • beverly

      Oh…what country of Utopia are you from? I did not see anything above which could be construed to be FILTHY. Holier than thou? Is that where you are from? What bothered you…butt, muslim, mulatto, monkey…encouragement of the people to write to their congressman? I don’t get it! Or does the expression of ones ideas because of freedom scare you? I guess you just thought you’d try it on for size, whether it makes sense or not! Oh Please!!

  • Bruce

    A better thing to do to help the economy would be to give every taxpayer $1,000,000. With this they would pay off their houses, buy new cars, invest, put some in savings.Of course congress wouldn’t do this becausse they do not think the cxitizenry is smart enough to do this and they want to control the majority of the citizens.

    • AlPon

      Don’t you get it yet ?? They are taking away Americans wealth not giving out money.

    • Lynn F Grant

      That is so true if the stupid people in congress who are very rich but don’t really care about the poor middle classes that are trying to get ahead and want to enjoy their life. the idea of what you say is very great but will fall on deaf ears and eyes. I wished this would come about but we the middle class and below will never get the chance to see this great idea. The only way this idea would go anywhere is the president elect would fight real hard for that voted to see him succeed in the office and help the American public grow and the economy to blossom.

  • http://yahoo bali bassole

    a better thing to do help all the americain be happy .

  • http://yahoo bali bassole

    let him beging before comment what he can do for all the people of america.

    • AlPon

      How about learning English and then reading the Constitution. You will learn that the Constitution does NOT guarantee anyone happiness.
      You will also soon learn that you are less than nothing on Obama’s to do list.
      Take your head out of your butt !!

  • AlPon

    Hurray, hurray … some of us are finally getting to the ‘real’ truth. The world IS controlled by a few hundred, maybe a thousand or so, ultra rich, ultra secretive families. For all who still wonder why and for those that can’t seem to understand what’s going on in the world. For all those still divided by petty differences. For all those that still have a partisan mindset. In other words; us vs. them and Dems vs. Repubs. Let me present the ultimate evidence of world wide manipulation and control. Written over 150 years ago, by the evil doers, for the evil doers, this document has been denied by them as bigotry. But after you read it and see that all the plans and proficies have come to fruition there can be no denying the truth. They never denied the existance of this document, only to say it is racist and bigoted. They never deny the contents thereof. For over 100 years it has been hidden and censored.
    Every citizen of the planet needs to read this book. It will rock your world and you will never be or think the same afterwards. I’m not selling anything. Unlike so many web sites trying to get rich by informing us of what we should already be aware of. My only motive is too circulate this publication. To help the citizens of the US and the world in general to see and discern the truth. The REAL truth.
    At the risk of disappearing or being ‘rubbed out’ I am revealing this to all the world. The name of this tome is “The Protocols of the Elders of Zion”. If you can’t find it with your browser, as I said, they want this kept under wraps, I will provide it free as a PDF document. Just request a copy from alanponelli@hotmail.com. I will promptly reply and attach said doc to my email. Let’s see how many people have a quest for the truth or just like to hear their own gums slam together.

  • http://yahoo bali bassole

    america have the best rule because each person winn better every day and no the taxe money made america the first country in the wold.

  • beverly

    I am still utterly mystified as to how people ignore the massive amount of money that Obama was able to have thrown out there to get him elected. I am thinking that it was just a distraction while the country’s wealth is being raked away by many means. What else makes sense? Like…who is he…from where….why him…I am still mystified as the time comes for him to take office. I do get it… that the presidency is not how the country is really run (who) …but I am mystified by the chorus of stupid people who just blindly fell in line with this program. I don’t care about his color…he is a mulatto…it is just that he has DONE NOTHING! Comes from knocking about with CROOKS and America haters! It was so deep, that while everyone else was fodder to be made a fool of and to look into their knickers….Obama was made untouchable.

  • jod rogera

    WHEN will all of you learn? Read the constitution ! WHERE does is say you must pay taxes to federal government?WHERE does it say elitest /bankers have right to controll your wealth, financial stability, your currency and have no accountability doing this? ( the federal reserve) YOU WILL NOT FIND ANY ANSWERS TO THESE QUESTIONS IN THE constitution! WE THE PEOPLE have allowed “under the color of the law ” (14 amend.USC sec242) and other statutes to be written into LAW that violate the constitution ! THE ORGANIC CONSTITUTION STILL EXIST, but IF you LAZY PEOPLE DO NOT STAND UP FOR RIGHTS NOW , your inalienable rights you are giving to elitist will be gone and the UNITED STATES OF AMERICA GONE AS WELL. WHEN did tell you police,U.S. CONGRESSMAN ,U.S.SENATORS , and judges they are violating their oaths and you will hold them personally accountable? NOT only HAVE I DONE this, I HAVE SET UP GRAND JURYS that have TRUE BILLED a state trooper, a judge!

    • beverly

      My experience has been that when you do these things, you are hanging out to dry because the lazy people that you speak of will not be there. You are all by yourself while they strip you of your rights. Some can do. Others have to learn to do when they have to stand alone. You are absolutely right though.

    • http://yahoo.com Howard Dyer

      Give me some advice how you did these things, and I will help because I am very sick of illegal aliens, regardless of there race, Muslin, Mexican, and etc, while certain department heads in our government remove ICE from it duty to raid business, and home of illegal alien and deport them. Obama, and is administration is doing exactly what Europe warn us not to do. They when down the universal health care road and wish they could dump it. With the culture of America now changed to satisfy the Black with a law breaker preacher call Martin Luther King, now is right there equal to President
      Holiday, and in California, a Mexican holiday is growing and is celebrated ever year as if it was a legal holiday.

      Think our nation is under the constitution, just look around and tell me how it got changed? Because no body in our government can explain, why we have this bail out, when ask where in the constitution does it give Obama this authority?

      I am 76 Senior and retired USAF, and I am sick of the military following the leader no matter what party he is. They never oppose because they want that next promotion. You can dissent and still not be a disrespectful but seem America is living in fear of being called a name, or the feeling of an others race when all other races care nothing about your race. Frankly the blue eyes white race has made America, Now we are losing to the black or browns who use the back door to enter our country and got elected and change our laws while American set in wonder how it happen.

      I read a book recently explaining the slobbering love affair with Obama, and it just needs to go deeper into the purpose we got him. Look at the Arabs cash donations; look at the close doors to investigating his mass war chest to win the election. Look at the cheats Called Acorn, who handed out cash and smokes to bums to get them to vote democrat. Still no media will say Obama headed this organization and is his only experience in anything out side of Community Activist account for far more then being a governor of Alaska. Obama associations with Mobs leaders, and corrupt Illinois congress man, and his hate mongering step sister of Muslin and Christian experiences is just another word for communism in Rev Wright hate church, believe me this is not the only hate black church in America, they are in ever state. But no body cared about his character, he want even prove he is a citizen. Are we going to let him get away with this?

  • jod rogera

    I know by signs and in my heart GOD is with me always so if I am being hanged out to dry I know where I will be when I DIE, LORD ask us that recieved him in our lives to reborn again of the soul(SPIRIT) to speak the TRUTH . THE SON DIED FOR OUR SINS that whoever belive in him shall have ever lasting life. GOD gave us sovereignty this truely what the american revolution was about and yet we are allowing so called” own government to take our rights away! OBAMA, CLINTON, McCAIN,AND other senators are members of SECURITY PROSPERITY PLAN which is part of the NORTH AMERICAN UNION (B.CLINTON implementedthat G.W.BUSH,mexico pres.FOX& PRIME MINISTER CANADA SIGNED BEHIND CONGRESS BACKS IN 2006 ON THE BAYLOR UNIVERSITY CAMPUS)which is one part the NEW WORLD ORDER (G.H.BUSH)which is controlled by (certain CENTRAL WORLD bankers) the ELITIST and main governing rules are called “PLANKS of the COMMUNIST MANIFESTO.

  • http://www.solutionsiec.com jasony

    I think the big thing about Obama is that he came into the spot light with little to no experience, with the ‘first black president’ bandwagon, tons of money spent, and a means to talk his way around things that few politicians had mastered to his level, but when it comes to the issues the people that take the time to look beyond their own selfish and ignorant perspective see that there are other things besides a hand-out and smooth talking needed to run a country, especially with an already democratic controlled congress in place (that, I might add, had a lower approval rating than President Bush – but the Democrats go on and on about Bush and his “failures”). The dangers of what Obama says he’ll do, what they’ll mean for our country (all of us, not just a few), are magnified by the fact that we have a majority controlled democratic, liberal congress in place that hasn’t done their job to the satisfaction of the american people (again, below President Bush’s ratings). In my opinion part of it is due to the fact that the ignorant vote fools and end up disappointed in those they voted for (congress and soon to be president Obama) because the truth is the truth whether they accept it or not (and the left never does). What is good for the country isn’t a selfish hand-out that promises only further debt and rob from Peter to pay Paul mentality (and everyone wants to be Paul, or was that ‘main street’?). The left tries to cover this up in a good-deed type of cover, but the truth is robbing from americans (even to pay americans) is stealing, leaving those stolen from (from high to low) victums. As the situation continues to go like it has in the country, those stolen from grow in numbers (and so do the Pauls). All I can say is: God help us; and, God bless American. Now (with all the lefts in office and the mentality of the voting public) more than ever we need to focus on where true strength comes from.

  • allen

    Instead of spending $750B+ for a 1000 bridges to no where, lower taxes by the same amount and watch the economy take off now, not years from now. Obama will make the economy worse. He needs to cut spending not increase it. He’ll blame the worsening economy on Bush and plant the notion that he “needs” more time (a 2nd term) to set it right.

  • allen

    Rhamn Emanuel is vacationing in Kenya. He’s dedicating a new wing to the hospital where Obama was born. Why else would he be there??

  • allen

    BO never made his full* birth record public so no one really knows where he was born and certain activists judges have dismissed law suites for nonsensical reasons such as we citizens have “no standing” to bring such cases. Also, that the voting public has overidden the Constitution by electing BO (now that really takes the cake!) The issue will come up again in Washington State; also the US Supremes will consider it on the 16th. The State of Hawaii has been vague so far, saying only that they have a record but not indicating what it says. (Under Hawaii law a foreign born child can be registered as born in Hawaii if the parent (s) were a legal citizen of Hawaii for the previous year.) That BO has had a team of lawyers fighting this suggests he’s hiding something. He also travelled to Pakistan during a time when Americans were not allowed to go there. Obviously, BO was a citizen of Indonesia at that time. Indonesia does not allow dual citizenship. So if BO went to Pakistan it was as a citizenship of Indonesia. So when did BO reclaim his American citizenship?? The latter isn’t that big a deal but the issue of where he was born is. It will be interesting to see how the judges dodge this issue. The truth will come out some day.

  • allen

    The fact that Obama is a socialist makes him the worst possible choice to lead our nation out of a recession. Everything about socialism is anathma to our capitalistic based economy. Only if it gets really bad will the people come to understand what a mistake this guy was. They will begin to sense that when they get to hear his not taking responsibilty. He has a tendency to not admit to making mistakes or being wrong. No president ever would to avoid looking as having bad judgement. BO will lay the blame for mistakes on others. Eventually , the public will see that pattern and revolt.

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