American Recovery and Reinvestment Plan - The president-elect said an analysis of his proposals shows that 3 million to 4 million jobs could be saved or created by 2010, nearly 90 percent in the private sector.
His proposal includes tax cuts of up to $300 billion — including $500 for most individuals and $1,000 for couples if one spouse is employed — as well as more than $100 billion for businesses. Some $77 billion would be used to extend unemployment benefits and to subsidize health care for people who have lost their jobs. The rest would go toward job-creation projects such as rebuilding roads and bridges and toward long-term goals like alternative energy programs.
i hope that this isn't the third time our economy crashes and we got to another world war to bring it back up.
nickmartini413 1 year ago
Government is there to build badly needed infrastructure that no-one individual can do alone. By spending the government creates a virtuous cycle that confirms the thought that "FOR THE PEOPLE"
arkybarky 3 years ago
Thanks sadieaugust i totally agree.
kimsfishface 3 years ago
Obama is just trying to scare the American people into a socialist government. What comes after a socialist government? A Communist government. Are you free loading Americans ready to sell out a free country for a $500 check?
Besides, who will most likely get all the millions of construction jobs created by the bailout? The hispanic illegals and we will be leaving our children and their children's children with the bill. Do you want the US to continue supporting illegals?
sadieaugust 3 years ago