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Feb 15 2009

Effects of Brarack Obama’s Economic Stimulus - 1

Published by deepweb under America, World Edit This

Barack Obama is finally going to sign the gigantic economic stimulus package that was recently passed by the US congress. So, this is going to be very interesting to see what effects the package will bring upon the US economy and the companies about to receive the package.

First of all what the US administration plans to achieve through the economic stimulus is the point to be noted. They want the US economy to jump back from the slumbers it has gone into after the economy crisis started showing its ugly face. Many financial institutions started failing in a row and the Bush government saved a few by donating some of the taxpayers money into the pot hole of unmindful management and planning.

Now the Obama administrations intends to do the same but with various different companies. Their main aim seems to save a few US jobs and provide the minimum resources for lively hood to many now jobless citizens. What surprises me this time is the size of the economic stimulus package that the planners have come up with. A huge 780 Billion dollars. Do they want to restart many industries as such in America or intend to save the few that are wailing loud in front of the White House for the precious money.

Whatever they might have planned the money will go only to the few who have the poser behind them and have been lobbying hard. The Fords and GMs who can never return to profitability in such short time will always secure their share of the alms and the likes of those who have been providing precious jobs by being efficient and maintaining the profit levels will be left out.

Let us now see what results this so eagerly awaited stimulus brings to the needful US industry.

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