Link:<http://www.marketwatch.com/story/obama-says-stimulus-beginning-to-work>
Obama says that funding is now available for a solar and geothermal program that will pave the way to a new, clean-energy furture. Economists have been skeptical of the administration's claim that the stimulus has made and saved 150,000 jobs, but the White House is determined that the plan will save or make 3.5 million jobs through out the next two years. Not very much of the stimulus package has been paid out so far, with a majority of it going to states to pay off rising Medicaid costs. House Republican leader John Boehner says " It's been a full 100 days since the bill became law, and the administration is pulling out all the stops to put a positive spin on the legislation, which has been increasingly panned by media and state and local officials as wasteful and inefficient. Basically anything but the 'timely, targeted, and temporary' bill Washington Democrats promised earlier this year." Prior to Obama's speech on Wednesday, Treasury Secretary Timothy Geithner declared $1.5 billion in tax credits, stating the money from the stimulus package would make jobs stimulate growth around the country. Treasury said awardees are planning to invest in renewable energy projects, charter schools, health-care facilities, manufacturing companies, and retail centers.
I chose this article because I think the stimulus plan was a great thing for Obama to do. We need jobs badly right now and this plan is suppose to create a lot of jobs. Honestly, I think its working very slow, but I guess it takes time to create jobs.
I definitely agree with what is going on in this article. Once again, I think the stimulus plan was a great thing to do, this economy needs help badly.
Yes, this information was presented fairly and they even gave the views of other political people. Also, they told me what they are investing the money into and its good to know where that money is going.
Yes, I would use this news source again. The information was accurate and they have good articles.
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it is a great thing that our president believes in alternative energy!
ReplyDeleteSabrina, Excellent job. I'm not sure what's taking so long, either. Would be interesting to read the history of the Depression and see how long some of those programs took to get off the ground.
ReplyDeleteGrade: 10/10
Deishnae, Why?
Grade: 1/10