Barack Obamas Economic Plan

$700 Billion Stimulus Package from Congress?

As our nation struggles to emerge from the recession compounded by a credit crunch, President Elect, Barack Obama, is going to have to reach much HIGHER than the $175 Billion that he planned to request from Congress, during his Campaign.

Recently, Obama has urged New Congress to pass a quick economic Stimulus Bill, as he has also pledged to HELP the troubled auto industry. Obama recently ADMITTED that the economy is likely to get WORSE before it gets BETTER. With less than 60 days left before Obama takes his oath of office, he has also blessed the Bush Administration's bailout of the financial industry.

In a Nut-Shell, what ALL of this means is that Barack Obama IS still going to CUT taxes for the Middle Class. HOWEVER, even with his decision to RAISE taxes for those making more than $250,000.00 a year, he's going to ALLOW the Bush Administration's Tax Cuts to Expire, first.

BASICALLY, Obama isn't going to hit those in the Top Tier of Economic wealth until 2011.

It 'LOOKS GOOD' on the part of a Politician and His Party Not to Increase ANYONE'S Taxes until a minimum of two years following his appointment. Blah! Blah! Blah!...

Ultimately, I DO BELIEVE that Obama WILL create the 2.5 Million Jobs for Americans. HOWEVER, I Do Not BELIEVE it will happen by the end of 2010 as he estimates, nor Do I BELIEVE that the Majority of the positions will open in Environmentally Friendly Technology Trades.

Time Will Tell...

Obama has, indeed, released the Names and Titles of those who comprise the New Economic Team.

TIMOTHY GEITHNER: Treasury Secretary

LAWRENCE SUMMERS: Director of National Economic Council

CHRISTINA ROMER: Chair of Council of Economic Advisers

MELODY BARNES: Director of White House Domestic Policy Council

The 3 Major AutoMaker Groups recently asked Congress to APPROVE $25 Billion in Emergency Loan Money.

Do You Feel that the Allotment is Too MUCH?