What is Obama cooking up for the future? Put simply, he not afraid to spend. Obama wants to increase spending in certain areas and offer relief to many middle and lower income families. His plan is similar to what former President Franklin D. Roosevelt executed during the Great Depression. Instead of giving huge tax breaks and subsidies to companies and corporations in hopes that the relief will trickle down, Obama, like FDR before him, is going to offer relief to the average Joes by increasing government spending.
Government spending can actually boost our economy if the money is spent in the right places. For instance, using government money to build better roads, highways, and bridges is an excellent place to start. Why? If the government pays to have our roads and bridges repaired, jobs are created. Those who need work now have a chance to earn an income, and when they do, they in turn spend money. So money gets pumped back into the economy, which benefits society as a whole. Just remember, spending can be a positive thing, as long as it is spent wisely.
If spending is the key to reviving our economy, then count me in; I support Obama 100 percent. The question is: where do you stand?
2 comments:
I agree that if the money is spent in the right places it will be beneficial. True in the shorterm it may look expensive, but in the longterm the benefits will not only help us today, but help people after us too. I support Obama because he does not have a shortterm view. Do you think he is going to evenly distribute the money across the board so that all industries are getting a share? Or are there target groups?
I think he wants to distribute a good sum of the money to middle and lower income families. As far as spending goes, Obama is going to cut bad spending, including the ridiculous amounts that go to insurance companies, and increase good spending, like funding our infrastructure.
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