The Obama Stimulus Plan

President Obama’s stimulus plan has been the talk of the town for a while and has been debated endlessly by Republicans and Democrats alike, weighing on the pros and cons of the plan. The economy has been in a rollercoaster spin and President Obama, has been pitching his efforts to pass the stimulus plan.

The Obama stimulus plan is no doubt bigger than the stimulus plan Bush and Paulson initiated last year. It may have the bigger risk and the bigger pros and cons but I am still hoping that President Obama can pull it off better than that Bush and Paulson did. What we need here is the transparency in spending – the American people should know where every cent of their tax money went – to provide good and transparent accountability. As well as preventing those large and greedy corporations take a their own lion’s share in the stimulus money.

From a CNN article:

“My bottom line is to make sure that we are saving or creating 4 million jobs, we are making sure that the financial system is working again, that homeowners are getting some relief,” he said in his first prime time news conference.

Well, President Obama, you have a tough job to do – and a lot of expectations to meet and doubts to break. People are getting a lot of headaches with the tough economic times. But I do hope that the stimulus package that you are proposing will not benefit only those who sit in their fat assess in those magnificent buildings in wall street. Your stimulus package should benefit the American people – and get started to get out of this dark times of recession.