Friday, February 13, 2009

Failure to Rise

A interesting topic to be talking about. A well known journalist like PAUL KRUGMAN from the New York Time wrote this article about Mr. Obama's stimulus bill. He compared the pros and con of the bill by exposing the true that it might have a "failure to rise" however, he has high hopes for the president by trying to help families that are in need except caving in a giving the Republicans a huge tax cut. There were numbers being thrown in this article. Krugman discuses about the Bush administration and how what they did to favor their party. Paul stated that "Bush administration’s $2 trillion in tax cuts or the $1 trillion and counting spent in Iraq — has bordered on the deranged." No matter what the outcome will be the stimulus check will be given out with in these few months. It was clear when the House and Senate voted upon the purposed amount.

My Views

I have high hope for this Stimulus to be a successful one because we all know that in order for the wheel to spin faster again, we need to start spending. However, I think that most Americans will start to save their check and use it when times get rough. What Paul K. said could maybe be true. Maybe this stimulus check will have the failure to rise. Well, we don't know yet no do we?

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