Thursday, January 29, 2009

Thoughts of Today

This morning I was watching the news and they said President Obama's stimulus plan passed the Senate House with about 200 supporting votes and 100 nays. I'm really not sure if the stimulus will actually work, because most of the $800 billion dollars is going for spendings. The stimulus plan especially will help the home foreclosure crisis and bailout banks around the nation. Where is the government going to get $800 billion dollars though? The government would be in an even greater debt just to support the ec0nomy. Of course our situation right now is not as nearly like the Depression, but it still took a long period for the economy to rebuild. So we can expect the same for the recession right now too. I think it will probably take five to ten years to keep the economy in order again. Everyone has high expectations of Obama and let us all hope everything will get resolve soon. Everyone is tired of this bad economy already.