Obama’s Economic Plan: “Think Bolder”
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20 December 2008
Posted in
SOMM Blogs -
Politics
Obama's original goal of creating 2.5 million jobs has been boosted to 3 million over the next two years after warnings the recession is deeper than expected. Obama's team stimulus plan would have "oversight and transparency measures" to ensure spending is focused on the economy and not just hand outs. Also the measures will "lay a foundation for a stronger economy in the future".
"Traditional Washington programs and politics" can't be used Obama stressed to this team when preparing the economic recovery package. They will use current policies that are working, "investing in what works." Obama repeated his original goal while announcing his appointments. "Together with the appointees that I have announced, these leaders will help craft a 21st-century economic plan with the goal of creating 2.5 million jobs and strengthening our economy," he said Friday.
My question to Mr. Pres-Elect Obama is where are the funds for this recovery package coming from? Not only are American tax-payers dealing the bullshit of bailing out failed business models in the financial and automotive sectors but now we are to the rescue to resurrect what is a over-indulgent government that will continue into Obama's administration. A transition aide told CNN that Obama aids met with Capitol Hill staff this week to discuss plans costing between $675 billion and $775 billion.
Obama is receiving a government that is bigger than ever. Filled with private interests, radical corporation lobbyists and people like Governor Rod Blagojevich. The key is if Obama can get through this term without becoming corrupted. I do like that Obama is bipartisan in some respects and is reaching out to Republicans to help him rebuilt America. This isn't enough though; there is a lot to be done. Rather than spend billions of dollars fighting what is no longer a war on terrorism but a black hole that is sucking Americans dry, lets slowly depart from Iraq (I don't support an outright full withdraw) and send the willing to Afghanistan to finally destroy and capture our initial targets, the Taliban and Osama bin Laden.
Reducing our numbers in Iraq gradually, investing in government programs that support our small to medium business, all classes of people and a revise look at education is what would soften the blow of the recession. We need to stop bailing out any and all industries that have either predatory business models or old low-rent business models that don't fit in today's market. Bailing out the financial industry was a must or we would face a market that would rival the Great Depression, but once you help one you open a floodgate.
Here's hoping that Obama does more good than harm or else get ready for a nasty storm.Add this page to your favorite Social Bookmarking websites
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