Monday, November 24, 2008

The Obama Stimulus

With two months until his inauguration, Barack Obama appears to be a man with a plan. A huge economic stimulus package appears to be his plan to jump-start the economy out of this mess. The biggest question for many is whether such spending will ultimately return our economy to a period of expansion, or will it be wasted spending. 

Although there is much opposition by some Republicans, I think Obama's stimulus is a superb idea. By increased government expenditures, the actual GDP will surpass the potential GDP that would occur without such action. Furthermore, the plan will sure up consumer confidence, and help businesses push through tough times. And with more and more citizens getting laid off, this stimulus plan is sure to gain support in coming months. 

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