$787 billion economic stimulus bill signed into law in Denver Museum of Nature & Science: President Obama’s Green recovery plan. Opinions.

Via on Feb 18, 2009
It pumps money into infrastructure projects, health care, renewable energy development and conservation, with twin goals of short-term job production and longer-term economic viability.

There’s a $400 tax break for most individual workers and $800 for couples, including those who do not earn enough to pay income taxes. It dishes out tens of billions of dollars to states so they can head off deep cuts and layoffs. It provides financial incentives for people to start buying again, from first homes to new cars.

And it provides help to poor people and laid-off workers, with increased unemployment benefits and food stamps, and subsides for health insurance.

The setting was the Denver Museum of Nature & Science. It was chosen to underscore the investments the new law will make in “green” energy-related jobs.

http://www.recovery.gov, that will allow people to track where the money is being spent.

$80 billion for clean energy, public transportation and green infrastructure, the largest such investment in our nation’s history.

1.6 million new green jobs, including 135,000 green jobs created by a $4.5 billion investment in greening federal buildings — an investment that your contributions to our online ads helped spare from John Boehner’s budget axe.

A 68 million ton reduction in our nation’s carbon footprint, a cut equivalent to a city the size of Chicago, IL going completely carbon-free.

We even managed to convince congressional leaders to drop a controversial $50 billion loan guarantee for the coal and nuclear industries, thanks in part to 20,000 online petition signatures urging our congressional leaders to keep President Obama’s recovery plan clean and green.

 Barry Raphael comentó a las 15:45, el 17 de febrero
Thanks for sharing, Yesica. Change should accellerate now.
 Justin Goodhart comentó a las 16:00, el 17 de febrero
I don’t know how I feel about this. It sounds nice on paper but something about it doesn’t seem right. I heard a statistic that $787 billion could pay off 90% of all home mortgages in the U.S.
Additionally, if you break down the idea to its simplest components it just doesn’t make sense. The U.S. government is nearly 11 trillion dollars in debt. So, to fix the economy, lets spend more? It doesn’t seem to make sense. It wouldn’t work for an individual and I have doubts that it will work on a national level either. It doesn’t follow the most basic financial principles.

What do other people think?

 Matias Lanzi comentó a las 16:37, el 17 de febrero
Well if we distributed all the money in the world between all its inhabitants, that is 6 billion people or so, we would all be rich. So go figure, to me nothings seems good on paper anymore. It’s just money.
 David Lewis comentó a las 17:07, el 17 de febrero
I’m with Justin. Money is supposed to be store of value. Clearly the dollar is going to continue to lose value. Someday we’ll pay for this, in many ways.
 Justin Goodhart comentó a las 18:18, el 17 de febrero
Well said, David.
 Matias Lanzi comentó a las 18:56, el 17 de febrero
Money is of value when backed by gold and not deemed credit. As of right now only 9 percent of all credit can be backed by money, cold green cash. Only 30 percent of all cash circulating the streets is backed by gold so how much value our money has? We’re into deep. That’s how we get controlled and stirred into believing in economic stimulus.
Look around you, we can see business shutting down, stores closing, retail, financial, services, health. It is not about how much money we can make but how can we live with what we have. Adaptation is the name of the game and we will be dealing with it on an every day basis. Only a few are cashing in and yes, they’re cashing in YOUR money, we are a franchise of the US government witch in turn is puppeteered by global corporations, IMF and a few more. Incentives are the show, the cover.

Jut a thought :)

 Justin Goodhart comentó a las 21:11, el 17 de febrero
Indeed. America is (and has been for many years) operating on a fiat currency and a dollar is only worth a dollar based on the faith of the people.

I think there’s a lot of truth in what you’re saying Matias.

 Yesica Pineda comentó a las 21:33, el 17 de febrero
$80 billion for clean energy, public transportation and green infrastructure, the largest such investment in our nation’s history.

1.6 million new green jobs, including 135,000 green jobs created by a $4.5 billion investment in greening federal buildings — an investment that your contributions to our online ads helped spare from John Boehner’s budget axe.

A 68 million ton reduction in our nation’s carbon footprint, a cut equivalent to a city the size of Chicago, IL going completely carbon-free.

We even managed to convince congressional leaders to drop a controversial $50 billion loan guarantee for the coal and nuclear industries, thanks in part to 20,000 online petition signatures urging our congressional leaders to keep President Obama’s recovery plan clean and green.

 Matias Lanzi comentó a las 23:16, el 17 de febrero
I truly hope we see the green coming out of pockets on the streets for our children to enjoy.
 David Lewis comentó a las 10:06, el 18 de febrero
I can’t help but think this is not a conspiracy but the doing of poor, foolish, benighted humans much like ourselves, only probably paid much more for their mistakes than we are. Please read:
http://online.wsj.com/article/SB123491436689503909.html

About Yesica Pineda

Destino Magazine - Los Cabos Creative Editor / Writer www.destinomagazine.com

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