Thursday, February 12, 2009

STIMULATE US PACKAGE

President Obama's Stimulus Package has come under attack by conservative Republicans.They object to contraceptives to be given out in schools. they object to the money given to the arts Some Republicans are against the transfer of wealth to the corporations that are failing. I can understand that the Republicans do not want all the Pork that the package contains. Health care, etc. Republicans would like to see more tax relief arguing we can not spend our way out of this recession.While the Auto industry goes further into debt and the Credit industry is still faltering Congress still does not have a bill passed. The bill does contain 500 dollar tax cut for people earning under 75,000 and $1000 for families earning up to $150,000 dollars.The Republicans say that their plan would give families an average of $1700 in savings. Which way should we go? Would it be better putting more money in helping industry build back up, or put more money in individuals hands and hope they spend the way to recovery?There must be help for the banking system if we are going to get out of this recession. In addition, there must be loans available to the the Auto Industry and concessions made by the unions. 300 billion would go to helping the States with their budgets. We need a package passed as soon as possible, but it should not contain giving out contraceptives to high school students. This should be a stimulus package to aid companies and banks to get us back on track for a prosperous America. Now is not the time to add on to this bill for projects that do not improve the economy. adding Pork to the bill is not popular at this time and the Democrats should not use this bill to finance pet projects. Some Conservatives have said giving tax breaks to individuals help the Free Market System correct itself. The answer lies somewhere between the 2 proposals.
Gabriel Caruso Unviersal Life Press

No comments:

Post a Comment