It is not new to us or unbeknown to us that the unemployment and jading economy within the states were becoming more and more apparent since the 2007, and it may be true the people tried to believe in a president with fresh, undaunted, unfaltering manner in the light of the first African American hold top office in the White House and the overwhelming support of the younger generation and the minority seemed confident and able enough to wade us out of the financial crisis.
However, Mr. Boskin lists the economical issues such as the enduring recession and blatant numbers of unemployment and the curtailing problems we are witnessing today, even in familiar streets of Austin and everywhere else in the U.S. His holds the main argument that the stimulus bill has assumed its place and implemented with no viable result, stating, "the effect of the stimulus was puny". He discerns and contrasts the expiration of the 2001 and 2003 tax cuts of the Bush Administration with the impending and possible arrival of the second or more (although, I personally deem quite improbable) stimulus bills from President Obama, borrowing his own sources and speculations of dire outcomes of the restored increments of tax rates, to sink the economy lower to eventually insuperable mire.
Not a republican fan, but I genuinely and inherently agree with Mr. Boskin's observation and criticism toward the current plans the U.S. government is heading with. It's a more than a temporary relief or inconsequential stimulus we need to bring back the already withering economy that has been steadily falling over the years. It is the necessary plan we need to stop the foreclosures, increase earnings and GDP, and find a way to keep the bosses from kicking people without warning or means of making a living anymore. It could not be Mr. Obama's fault entirely, for the system was already broken, and he took the boat with the hole and I suppose he knew it himself. I just hope for a probable solution or any solution out there can be reached and implemented before the double, or triple dip we might have to face.
http://www.youtube.com/watch?v=wwEnA8HXNl4&NR=1 youtube obama's stimulus passage
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