Monday, September 19, 2011

Response to Obama's Stimulus Plan

Unfinished!!!


President Obama has two ways in reducing unemployment rate. One way is to reduce tax - to cut down the payroll tax. Another way is to spend money in national projects, for example, and benefit both the nation and the unemployed people.
I'll focus on the spendings that Obama is planning. He specified several places to spend - infrastructure bank, immediate surface transportation, modernizing schools/vacant property, extending unemployment benefits, help for long-term unemployed, subsidizing jobs training, and keeping teaching and first responder jobs.
What to do:  Explain the proposed stimulus plan which President Obama is trying to have passed into law.  In your post, provide specific details of the plan and explain how these ideas are designed to affect the unemployment rate.  Finally, provide your own evaluation of the plan and explain any positive or negative aspects as you see them (keeping in mind what you have learned about economics).
In your post, please include two pictures and provide a link to the article under review.

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