My first reaction was 'Well that's good then, at least he's doing something to safeguard jobs' and Im sure that has been most peoples reaction
Can you? Stop panicking then!But lets just look again at that. For the purposes of this post Im going to round the figure up to $1 trillion. Its a nice round figure.
That means he is spending $300,000 for each of the jobs he's trying to create (I think that's the maths) So unless he is creating some very high paid jobs, I think he's pissing in the wind. I would say by anyones standards, thats not a good pay back?
Also, some of these measures wouldn't kick in for about 5 years. How will that stimulate the economy now?
I have heard it touted that a better idea would be to give everyone who bought a house in 2009 should receive a $20,000 tax credit. Also, any firm who has an overall net hiring gain in 2009 should receive the same tax credit.
That would cost a mere $60bn. Also it would benefit the economy now! I don't think this seemingly sensible idea will ever be heard. The greed of the world will drown it out. And its not just monetary greed. If that idea ever floated, it would mean someone in Washington/Westminster/Paris would have a little less power, and that would never do, would it?
Is that too much like common sense? Has Obama's arse gone already?!
I think the world is off to Hell in a Hand cart!
