Sunday, November 7, 2010

Economic Stimulus (Jobs Bills)

This article taken from the New York Times, was very straight forward and discussed the stimulus plan President Obama put into place. The final bill that congress approved was worth 787 billion dollars. Many people feared that this bill was running a large deficit that we would not be able to get out of. After a few months most people agreed that the stimulus plan was sloppy but might actually be working. However, unemployment continued to rise all the way up to 10% and the government realized they had under estimated the size of this recession. This called for the proposal of more stimulus plans, some that passed and others turned down.

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