Obama is currently talking about an $800,000,000 to $1,000,000,000 economic stimulus package designed to stimulate the economy.
In case you attended a government school (Public School) I will give you the definition of the word.
e⋅con⋅o⋅my /ɪˈkɒnəmi/
1. thrifty management; frugality in the expenditure or consumption of money, materials, etc.
2. an act or means of thrifty saving; a saving
3. the management of the resources of a community, country, etc., esp. with a view to its productivity.
Obama says "There is no doubt that the cost of this plan will be considerable. It will certainly add to the budget deficit in the short term. But equally certain are the consequences of doing too little or nothing at all." Part of fixing the economy is to stop wasting money. If you have a ball with a leak in it do you just keep putting air in it or do you fix the hole first. Time Magazine (an Obama supporter) says "The scope of the stimulus plan has grown to include everything from expanding Pell grants for college students and health care for the unemployed to investment in renewable energy." I guess I have not had enough Obama Juice to understand how Pell Grants , Health Care for the Unemployed (this one seems to me to be another reason NOT to get a job... JOBLESS=HEALTH CARE?), and investing in Renewable Energy (windmills etc.) can somehow magically fix or even boost our economy. I will have to pick up some more Obama Juice next time I am at the grocery store. Time magazine goes on to say, "Instead of temporary measures meant to prop up the sagging economy over the next two years, much of what has been proposed looks like a laundry list of Obama campaign promises. If the plan is passed, Obama will get, in one fell swoop, a running start on large swaths of his long-term agenda, the ultimate cost of which no one yet knows."
1 comment:
LOL! OH MY GOSH! The Pepsi *cough* Obama juice...oh gosh that was good.
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