Tuesday, February 17, 2009

President Obama's Stimulus Package

1) In general, what is the Stimulus Package and its overall purpose to the economy? Why is the Stimulus necessary? (see both videos). In general this Stimulus Package is to help the people and the government reform from experiencing another depression, as they did in the late 1920's. The purpose of the stimulus package is to provide jobs for people, invest in modern technology and to overall help middle to lower class americans. Also the purpose is to help americans with financial problems and to have better health care for children and parents who can't afford it. The Stimulus is necessary for an abundance of reasons. One of the most important reasons are saving or creating jobs for those who need it most.

2) What are the agreements and disagreements (with Democrats, Republicans, and others) around the Stimulus Package? What are President Obama's counter arguments in this debate? (see both videos). A disagreement that the people thought about the Package was that government was asking for a lot of money. The President's response to that statement was he thinks that in order for big things to happen the government needs big money. A statement that the people agreed with was the building of hybrid cars. Our President stated that he would like the idea of that because it would create jobs for the people who built the cars and it would and the gas would cost less.

3) What are the spending details of the Economic Package? How will it create jobs? In other words, where and how will the money be spent? (see article). The Stimulus bill is divided into separate categories. The most money in the "energy" category would go to smart electricity grid to reduce the waste. In the ''Science and technology" category the most money would go to science facilities. For the "infrastructure" category the  most money would be distributed to construction of federal government. In ''education'' the relief to prevent cuts for state aid for such things as college loans. For ''health care'' the category that would get the most money would be invested into medicaid. This will create jobs because companies will have more money that can pay salaries.

4) What are some other areas of the Package that President Obama emphasized in both speeches on the Youtube CNN speeches? (both videos). Some other areas the were emphasized during the videos were equal rights for females. Females should be able to get the same jobs and have the same rights as a man does. Children health care was also mentioned in the two videos. Our president made a comment saying that ''this package will not be perfect''. I think this is true because he will invest in things that we all may not agree with.

5) Do you feel that this package will help African Americans and if so how? Do you feel that racism and/or gender bias will make a difference in the output or results of the package? Explain. (your opinion). My personal opinion is that this bill will help African Americans. I feel this way because a lot of African American people in the United States is either middle class or under. I don't think race would make a difference only because there are other races beside African Americans that are middle class, not all white people live in the suburban area and make six figures a year. I also don't think that gender has anything to do with the package. I don't think so because Barack Obama stands for women's rights.

No comments: