This week President Barack Obama signed his $780 Billion economic stimulus bill into law at a Denver, Colorado event. The President warned of hard times ahead as he signed the bill. The bill is supposed to be designed to help the country get out of this recession. The bill is intended to help with the massive amount of foreclosures across the country, create over 3.5 million jobs, create tax cuts for millions of low to middle income households, provide $150 billion for infrastructure repair projects for roads, water systems and dams and $10.5 billion towards healthcare.
It looks as if the Presidential honeymoon is over and things are back to business as usual in Washington. The President extended more than one olive branch to the republicans in an effort to get some kind of substantial economic relief package to help turn the economy around. All but three republicans in the U.S. House voted against the bill, citing that Democrats locked them out of the process. No one in the House of Representatives have clean hands in this recent skirmish. The Democrats have been heavy handed and uncompromising in drafting this bill. The very nature of politics involves compromising with the opposite party for the benefit of the people they represent. I think most people understand that everyone can’t get what they want, but when a bill this important comes up our representatives are suppose to put their differences aside and help the country.
Both parties have to find a way to work together, it’s essential. There is very little room for mistakes as we go forward. One needs only to look as what happened to Japan in the early 90’s. It’s only recently that Japan has leveled out of its recession. They made many mistakes including waiting too long to take action to correct the downturn of their economy.
I’ve been thinking about we got into this mess and it doesn’t make anyone look good. We bought our lattes at Starbucks everyday, we had to have our I-pods and Sony flat screen TV’s, and we bought more foreign cars than domestic. Looking at it differently American car companies haven’t been producing autos comparable or better than imports; banks gave out bad loans and enriched their executives as a reward. So if the mortgage crisis helped pull us down, but there are far too many other things we did to reach this point. Now is the time to act, we can’t afford to wait any longer. We have already waited too long as it is.
It looks as if the Presidential honeymoon is over and things are back to business as usual in Washington. The President extended more than one olive branch to the republicans in an effort to get some kind of substantial economic relief package to help turn the economy around. All but three republicans in the U.S. House voted against the bill, citing that Democrats locked them out of the process. No one in the House of Representatives have clean hands in this recent skirmish. The Democrats have been heavy handed and uncompromising in drafting this bill. The very nature of politics involves compromising with the opposite party for the benefit of the people they represent. I think most people understand that everyone can’t get what they want, but when a bill this important comes up our representatives are suppose to put their differences aside and help the country.
Both parties have to find a way to work together, it’s essential. There is very little room for mistakes as we go forward. One needs only to look as what happened to Japan in the early 90’s. It’s only recently that Japan has leveled out of its recession. They made many mistakes including waiting too long to take action to correct the downturn of their economy.
I’ve been thinking about we got into this mess and it doesn’t make anyone look good. We bought our lattes at Starbucks everyday, we had to have our I-pods and Sony flat screen TV’s, and we bought more foreign cars than domestic. Looking at it differently American car companies haven’t been producing autos comparable or better than imports; banks gave out bad loans and enriched their executives as a reward. So if the mortgage crisis helped pull us down, but there are far too many other things we did to reach this point. Now is the time to act, we can’t afford to wait any longer. We have already waited too long as it is.
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