Thursday, March 11, 2010

New jobs bill is destined for failure

The main issue with this bill is it needs a bunch of tax credits. The amount of money that was first proposed isn't even going to make a dent in the unemployment rate. Back in early December the house and senate passed a bill for 48 billion for redo on tax infrastructure, and know they wanted to get a bill for 154 billion, but with the dollar loosing value like it is they had to cut the bill to a tenth of what it was. What they are worried about is this might turn into the cash for clunkers bill which wasted billions of dollars to not help at all, and we just continue to descend into debt with no clue as to how to get out of it. Estimated 300 billion dollars would get us out of the recession and that would create around 7.5 billion jobs.

In my opinion i say we spend the 300 billion and get those jobs becasue that is the only thing that will get us out of this recession. Yeah our national debt is already through the roof, but it has to get worst before it can get better, so we spend the money now and make the right step out of this problem. The goverment needs to just man up find out how we get this money and finally spend money on something that can help us with our problem instead of wasting money on all of obamas stimilus package.

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