Tuesday, February 17, 2009

Barack Obama's Stimulus Package




1. In general, what is the Stimulus Package and its overall purpose to the economy? Why is the Stimulus necessary? (see both videos).
The Stimulus Package is what was used to get the U.S out of times like recession and to keep the U.S from going to Depression. The stimulus Package is necessary because without it it the U.S would be chaotic. People will start hurting themselves, or others, just because they do not have any money to survive . They will also try to rob peoples money, 'cause they don't have any. I believe this Package is necessary because this will keep the U.S in order. And personally, I would like it to stay in order.

2. What are the agreements and disagreements (with Democrats, Republicans, and others) around the Stimulus Package? What are President Obama's counter arguments in this debate? (see both videos)
Some agreements with Democrats, Republicans, and others around the Stimulus Package is thinking about the past generations of America have done in prime times, we can and must turn this moment of challenge into one opportunity. Another idea agreed with is to put America to work, for work that needs to be done. For example, Modernizing our health care system, because it saves countless lives, and reduce medical errors(mistakes). Also will put people to work, renovating more than 10,000 schools. Also House Democrats rolled out some details of an $825 billion economic stimulus package to combat what they called " a crisis not seen since the great depression.

3. What are the spending details of the Economic Package? How will it create jobs? In other words, where and how will the money be spent? (see article)
The details of the Economic package is that this package calls for $550 billion in new spending and $275 billion in tax relief, will soon be changed as the bill works it's way through congress. The program that Mr. Obama is being replenished as Bank of America Corp. was near an agreement with U.S officials that would provide it with $115 billion to $20 billion of fresh capital. This plan would be equivalent to about 3% of gross domestic product over 2 years.

4. What are some other areas of the Package that President Obama emphasized in both speeches on the youtube CNN speeches? (both videos)
Barack Obama mentioned that the package is not going to be absolutely perfect but you can nit and pick, because it's the game that we all play, but now we can't afford to play this game. He says, some stuff people would like to happen, won't. And that all of us will have to sacrifice our choices.

5. Do you feel that this package will help Afrikan Americans and if so how? Do you feel that racism and/or gender bias will make a difference in the output or results of the package? Explain. (your opinion)
Yes, I do feel that this package will help African Americans just as much as any other race. But also on how other races use the money as well. Not just how it will help African Americans(one race) in particular because some other races might have different uses for the money.

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