Talk about a stimulus plan that appears to be going in the wrong direction! Change? What Change? This is pure waste of spending and worse, it`s not going to help those who need the help, namely the Middle Class!
President Obama said the plan is needed to avert a deeper recession and commence with economic recovery.
I don`t know about you, i`m worried.
I don`t really know if the stimulus package is a great idea unless you`re looking for "Green Jobs"! Do I want someone to train me to install solar panels.Is the middle class considered?Where do most Americans fit into this plan? The plan seems to be helping the poor and the super rich.There is no accountability in this plan, there are no guarantees that jobs will actually go out to Americans. There are so many holes in this Stimulus package,it`s ponderous!
I`m concerned Administration officials said the new bailout was likely to depend on private investors to purchase the toxic assets that wiped out the capital of many banks.Why? We just gave these lenders billions, what have they done with the money? Well, they`ve paid off debt, gave out bonuses and in some cases attempted to slide a 12 seater Jet worth $50Mill, saying it was desperately needed.
Americans are paying for it, now and in the next 50 years!
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Scott - and it seems in at least a few cases, the banks have taken these bailout dollars and put them in a "savings account" in case they "need it later"! Not the point of the program....