Posted by Tina
** In his radio address today, President-elect Obama uses some new language when discussing what he wants the stimulus package to achieve in terms of jobs. First off, he has a name for the package — the “American Recovery and Reinvestment Plan.”
The president-elect says he wants to “create three million new jobs” — this is a change from a few weeks ago, when he said he wanted the plan to create OR SAVE two million jobs. *** He says the “No. 1 goal of my plan … is to create three million new jobs, more than 80 percent of them in the private sector. *** If you do the math: 20 percent of three million means 600,000 new government employees. **
Full text of Barack Obamas remarks.
Excellent related article, Feel Like a Trillion Bucks – Only WWII was pricier than Obama’s stimulus Wall Street Journal
Posted by Tina
Posted by Tina
We know so little about how the $700 billion in bailout money is being spent and that was one of the complaints prior to its passage last October. The bill titled as the “Troubled Asset Relief Program” (TARP) was sold to the public as a means to unfreeze the flow cash and credit for besieged banks that lost over a trillion dollars in the sub prime mortgage meltdown. 
Somewhere back in the 70’s, ever increasing government regulations, taxes and unions squeezed American businesses to the point they began a slow exodus either out of business or to foreign countries that offered a friendlier business invironment.