No one can really tell if the new president's stimulis package will work or not...Democrats believe that the $787 billion dollar stimulis bill made up of tax payer money will invest in our economy and stockmarket to create and save 4 million jobs. The package is made up of 65% spending and 35% tax cuts to the middle class familys. So far economist experts say that only about 23% of the bill will go in effect this year and will take about 3/4 of President Obama's first term to be completely spent .
Mean while...Republicans are strongly against President Obama's stimulis package, because the Republicans believe that this bill is way too much spending in tax payer money and not enough tax cuts. One of the main focuses for their disagreement with Obama is "who's going to pay for all this???" Republican leaders like John McCain said "This bill is generational theft and will have a hard impact on middle class Americans."
But it's already too late for the Republicans...President Obama and the Democrats already passed the bill, and right now are country is in the fate of the most expesive spending bill in the history of the world. The question is, "will it work???"
This information came from http://www.hannity.com/
What do you think of Obama's plan???