Stimulus plan: Is it right for our country?

Obama's Plan:
http://www.boston.com/news/nation/articles/2009/01/09/obamas_stimulus_package/


It has been known now, that recently inaugurated President Barack Obama has proposed a stimulus package which is estimated to cost about $775 billion over the next two years. This new package includes heavy tax cuts and a large cut in all of the governmental spending. The tax cuts include to cut taxes $500 for individuals and $1000 for couples. Other points that President Obama wants to hit in his stimulus package are to computerize all medical records in the
next five years, and to help change all educational facilities around the United States to a modern classroom environment. He also wants to expand the internet around the country and start to invest in science, research and technology, just as John F. Kennedy did.

Opinions:
http://blogs.tnr.com/tnr/blogs/the_plank/archive/2009/01/10/team-obama-exlpains-stimulus-krugman-galbraith-not-buying.aspx


The basic idea of President Obama's stimulus plan is to create jobs, since the United State's has come face to face with their own recession. However, the conservatives are arguing that the stimulus package would "fatten" the rolls of the government employees. "...nine out of every ten new jobs will be in the private sector." Paul Krugman feel thats this new economic stimulus is not providing enough for a succesfull recovery. "The plan looks to weak." Another major point that is pointed out in this particular article is that, that chart shown estimates that unemployment will peak about 9%, however, how can they be so sure that something like this may actually happen? "We don't. It's a guess. Essentially, it's a guess made by a technician with a computer."

The main question is not, what will this new stimulus package do for the country, but what needs to be looked at is if this package is fit for THIS particular crisis.