The House Passes Obama’s Massive Economic Stimulus Recovery Plan
January 28, 2009 by Erik Folgate
Filed under Economic Policy, Economy, Politics
To read the whole story about the house of representatives passing the stimulus bill, CLICK HERE.
This bill is chalked full of spending that has nothing to do with stimulating the economy. Philosophically, I disagree with spending and building infrastructure to stimulate an economy. I think cutting taxes stimulates an economy better, because it puts more money into the hands of businesses and individuals. When businesses have more money, they have more room to expand and create jobs.
Information About A Possible 2009 Economic Stimulus Plan
December 9, 2008 by Erik Folgate
Filed under Economic Policy, Economy, Politics
During the presidential election, Barack Obama spoke about proposing an economic stimulus plan for 2009. Originally, Obama and Congress wanted to get a stimulus plan passed during his lame duck period, but Congress is no longer in session until the beginning of the new year, so it looks like that isn’t happening. The Democrats wanted to get two stimulus packages passed, one by the end of this year, and then another one in the beginning of 2009. Now, it looks like they will push for one comprehensive stimulus plan in January or February of 2009.
