The so-called stimulus package pushed through Congress by the Bush Administration, hailed as the thing needed to stop the recession and bring back prosperity to American citizens, will wind up as being totally ineffective. In my opinion, when folks get the $600 checks ($1,200 for couples) from the federal government, it will have very little effect in slowing down the recession. Our economy is in very big trouble, and this package will be like a rock thrown into a tidal wave in an attempt to slow down the recession. What we need is the creation of good-paying jobs – plenty of them – and a sincere effort to end our dependence on foreign oil. It doesn’t take an economist to tell us that we must put a stop to the outsourcing of jobs and the borrowing of money from foreign countries such as China to keep our government running.
When we have corporate CEOs making hundreds of millions of dollars annually while their workers are struggling to make ends meet, something is badly wrong and out of kilter. You tell somebody in Clayton, Alabama that a $600 check is going to help that person pay for $4 per gallon gas this summer and wait for that person’s reaction. The stimulus package that passed Congress will have little, if any, effect on slowing down the downhill slide our economy is in. We have a president who appears to not have a clue on how serious the economic woes facing our nation really are. Thank goodness he will be heading back to Texas next year. The Bush Administration will leave the next President with some of the most serious economic problems our country has faced in years.
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