Obama’s Economic Stimulus Plan – Will We Need a Payday Loan?

By Ranma Saotome, your payday loan news source

Is Obama Gone With the Wind?    The answer is blowin’ in the wind!

the 44th President of the United States...Bara...
Image by jmtimages via Flickr

Part of Obama’s costly Stimulus Plan involves alternative energy generating which should create jobs as well. At a time when many of us are in desperate need of a payday loan, a plan comes to light that just might work. Within a handful of days before getting sworn in, President-elect Barack Obama visited Ohio, making an appearance at the Cardinal Fastener & Specialty Co., a manufacturer of parts for wind turbines which generate electricity. In proposing his humongous economic stimulus plan, he has said, “It’s not too late to change course – but only if we take dramatic action as soon as possible . . . The first job of my administration is to put people back to work and get our economy moving again.”

The plan in hand is quite enormous indeed. . .

We’re talking about an $825+ billion stimulus package, representing around $275 billion in tax cuts over the next two years as well as $550 billion in federal spending to make this plan work to kick-start our critical economy. In pitching this whole idea, our 44th president explained that it is required to create long-lasting, well-paying employment positions in many fields such as alternative energy, and help out industrial states that have been hit hard by the failing economy, like Ohio, immediately and for a long time to come.

To some, his idea seems to make sense. . .

In speaking on the subject of creating jobs for the American people, he said, “We’re not looking to create just any kind of jobs here. . .  We’re looking to create good jobs that pay well and won’t be shipped overseas. Jobs that don’t just put people to work in the short term, but position our economy to be on the cutting edge in the long term.” Well said. And really, that’s all we want, right? Imagine a time where we can be comfortable enough to not have the need to take out a life-saving payday loan. That’s what we definitely could use right about now, wouldn’t you agree?

Is this all just a wind-blown idea?

Other energy related proposals will include $20+ billion in tax cuts for promoting the development of alternatives for fossil fuels, and quite a few billion more for making buildings and homes, such as federal buildings, modest-income homes and public housing, more energy efficient. Of course, such an enormous plan won’t only focus on this one angle to stimulate the economy. Besides energy, this plan is also to focus quite heavily on health care, education and highway construction which will create many jobs as well.

His call to action has a tone of urgency in his voice

True enough, Obama has a phenomenally huge mess to clean up when it comes to our economy. He hit the nail right on the head when he said, “The need for us to act is now. It’s never been more urgent”. I cannot think of any other time in history when a U.S. President ever walked into the job with an inordinately overwhelming amount of things that needs to be done. From his very first day in the office, he’ll be handed the reins to a country in one of the worst crisis situations in a good long while. In light of the reality of our country’s situation, Barack Obama also said, “Recovery won’t happen overnight, and it’s likely that, even with these measures, things will get worse before they get better.” As for myself, I’d better apply for a payday loan.

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Discussion of Obama’s Economic Stimulus Plan – Will We Need a Payday Loan?

This post has 8 comments

  1. duncansadviceonmoney says:

    Obama has a set plan going into office; let’s see how much of it he gets done. I don’t think he realizes what kind of a problem Bush has left behind and it seems like at the end of Bush’s time he gave up on helping the economy effectively. I just hope that Obama will be able to do everything he wants because it will create a lot of jobs and bring stability back in to the American economy.

  2. sherrry says:

    We need to utilize everything in out power to reduce our dependence on foreign oil including using our own natural resources.OPEC will continue to cut production until they achieve their desired 80-100. per barrel. The high cost of fuel this past year seriously damaged our economy and society. Oil is finite. We are using oil globally at the rate of 2X faster than new oil is being discovered. China and India will put an estimated additional 3 million vehicles on their highways by 2010 further depleting the supply. We need to take some of these billions in bail out bucks and bail ourselves out of our dependence on foreign oil.It would cost the equivalent of 60 cents a gallon to charge and drive an electric car. The electricity to charge the car could come from solar or wind generated electricity. If all gasoline cars, trucks, and suv’s instead had plug-in electric drive trains, the amount of electricity needed to replace gasoline is about equal to the estimated wind energy potential of the state of North Dakota Jeff Wilson has a really good new book out called The Manhattan Project of 2009 Energy Independence Now. He explores our uses of oil besides gasoline, our depletion, out reserves and stores as well as viable options to replace oil.Oil is finite, it will run out in the not too distant future. WE need to take some of these billions in bail out bucks and bail America out of it’s dependence on foreign oil. The historic high price of gas this past year did serious damage to our economy and society. WE should never allow others to have that much power over our economy again. I wish every member of congress would read this book too.

  3. vkingston says:

    President Barack Obama’s economic plan sounds like a fresh deal, but it’s going to take a lot of hard work and cooperation to complete this objective. We cannot afford to have any more whiners standing at every corner to remind you of the possibilities of something going bad. We need to create a plan (which Mr. Obama has done) and stick to it till the end. With that, all we need is determination and perseverance.

  4. Mark says:

    Do you really think that one man can do so much? I think that the problem is bigger then all of us.

  5. Yomi says:

    Good article!!!!! :-) I like the different opionions! I agree with “vkingston”

  6. thatonegirl says:

    I love Obama. Whatever he does .. I’m good with. ^_^

  7. m.gideo@tx.rr.com says:

    read this

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