The article entitled: States and cities Scramble for Stimulus Cash, first appeared in the New York Times and was written by Monica Davey. In the item the author goes into detail about how President Obamas stimulus package is aimed at solving Americas economic crisis while inadvertantly creating a slew of problems for state officials about how the money is to be allocated. But now the billion dollar question is, will it work? Can the stimulus package revitalize
the economy? Local officials have big grand short term plans for road construction and bridge repair, basically creating work for those who already have jobs. But what happens when those jobs are completed? Is everyone laid off again ? Is the government going to pump another 800 billion into the economy. Last week Stocks ended lower again, its lowest since last November, in short the markets haven't been stimulated by the new bill. I think Michelle Obama is the only one stimulated by Obamas big plan.
